Answer and Explanation:
Kimble Corp entries in 2021 to record the tax effects of the loss carryforward
a)Dr Deferred Tax Asset ($900,000 × 20%) 180,000
Cr Benefit Due to Loss Carryforward $180,000
Dr Benefit Due to Loss Carryforward $180,000
Cr Allowance to Reduce Deferred Tax Asset to Expected Realizable Value $180,000
(b)
Dr Income Tax Expense ($250,000 × 20%) $50,000
Cr Deferred Tax Asset $50,000
Dr Allowance to Reduce Deferred Tax Asset to Expected Realizable value $50,000
Cr Benefit Due to Loss Carryforward $50,000
Answer:
The resulting CA percentage for the week to the nearest number is 94%
Explanation:
CA refers to Commitment Adherence.
Commitment Adherence (CA) is a way to calculate the reliability of an employee in relation to how much time they put into their work.
Put differently, it is a mathematical comparison between how much time you stated that you were going to work versus the actual amount worked. This concept is prevalent with people who use clock-in and clock-out system to measure productivity.
Step 1
The formula for calculating Commitment Adherence (CA) is:
(Serviced Minutes - Excused Non-Serviced Minutes) / (Posted Minutes + Released Minutes)
When you log out at about 5 minutes early it translates to 83% because each interval is 30 minutes. So 23/30 = 83%
Step 2
There are 8 intervals. 5 of them are 100% each. Thus total intervals for the week equal
(5*100%)+(3*83%) =
7.49 *30 = 224.7
Total number of intervals selected =
8*30 = 240
Therefore commitment adherence = 224.7/240
= 0.94%
Cheers!
Answer: $0
Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.
However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.
The $6000 incurred is classed under personal expenditure and is not deductible.
The pitch....for a sales and marketing item or scam.
The earnings in a cooperative are shared with member owners. The cooperative societies distribute the profits to its members based on the business transacted with the Cooperative society.
