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maw [93]
3 years ago
13

Sue is a small business owner who often gives gifts to clients. She gives a $40 gift to her client, Mr. Smith, and his wife. Sue

spent $6 to wrap the gift. She also gave out 400 calendars with her company name on them. Each calendar cost $1. Sue also gave her secretary a $370 watch for his 10 years of service. How much of the above expenses may she deduct? A. $816 B. $446 C. $795 D. $801 E. None of the above
Business
1 answer:
PilotLPTM [1.2K]3 years ago
8 0

Answer:

D) $801

Explanation:

Businesses can only deduct $25 per gift per client, in this case the client's wife is not an actual client, so Sue can only deduct $25 for the gift plus the wrapping expenses. She can also deduct the $400 spent in the calendars and the $370 watch.

Sue's total deductions = $25 + $6 + $400 + $370 = $801

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The Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure is onw where Assumption was  not made.

<h3>What is a true assumption?</h3>

If a person make an assumption that something is said to be true or will take place, the person need to accept that it is true or that it will occur, often without any kind of proof.

When you look at the statement above, there is no fact to prove that the said assumption is true and therefore, the Statement: "We have permitted ourselves to be stampeded into a life of unnatural and dangerous high pressure is onw where Assumption was  not made.

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4 0
2 years ago
The beginning inventory of BG Action Figures is understated by $7 million at December 31, 20x8. What is the effect on 20x8 cost
pogonyaev

Answer:

$7million understated

Explanation:

Based on the information given the effect on 20x8 COST OF GOODS SOLD will be UNDERSTATED by $7 million reasons been that since the OPENING INVENTORY IS UNDERSTATED by $7 million which means that the COST OF GOODS SOLD will as well be UNDERSTATED by the same amount based on the fact that opening inventory adds to Cost of goods sold.

8 0
3 years ago
If unnecessary government borrowing (deficit spending) and high tariffs are both harmful to the economy, why do governments in d
Nastasia [14]
The correct answer for the question that is being presented above is this one: "D. Most politicians do not care about helping the people become more prosperous."

Here are the following choices:
<span>A. Politicians will follow bad economic policies in order to attract votes.
B. Most politicians have a very poor understanding of the principles of economics.
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5 0
3 years ago
The EPA requires the use of precise forms called the
Musya8 [376]

Answer:

The correct answer is The EPA requires the use of precise forms called? It is a requirement for those working with or owners of transporters and generators of waste materials deemed hazardous to acquire an EPA form 8700-22 called the uniform hazardous waste manifest.

Explanation:

i hope this helps 229 999 0523

8 0
3 years ago
Whole number less than 20​
bearhunter [10]

Answer:

Explanation:

The first 100 whole numbers are 0, 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25,26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74

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