Answer:
No penalty
Explanation:
The tax penalty is as follows
The HSA i.e. health saving account. It is opened so that the expenses related to the medical could be paid and the high health plan i.e. deductible (HDHP) would not covered here
In the case when rules are not followed so there is a penalty of 20%
Given that the amount taxable is $15,000
So here the penalty would be
= $15,000 × 20%
= $3,000
But since Marilyn age is 66 so there is no penalty as the penalty would be applied till the age of 65
Answer:
mack tax basis in prairee on 31 december = 307000
correct option is a. $307,000
Explanation:
given data
tax basis = $320,000
net business income = $152,000
services rendered = $4,000
distribution = $50,000
solution
we know allocated income is here
allocated income = net business income - guaranteed payment
allocated income = 152000 - 4000
allocated income = 148000
so
mack share of net income is 25 % of allocated income
mack share of net income = 37000
so
mack tax basis in prairee on 31 december = 320000 + 37000 - 50000
mack tax basis in prairee on 31 december = 307000
Answer: Production is characterized by significant economies of scale is not an assumption of perfect competition (A)
Explanation:
A perfect competition is a form of market structure that has many buyers and may sellers. In a perfect competition, there is a free entry and exit for producers as there is no barrier.
Also, firms are price takers as no producer can influence the price of the goods in the market unlike in an imperfect competition which is a price maker as producers can influence price. Firms also sell identical products that are the same in quality, size etc.
In a perfect competition, production is not characterized by significant economies of scale. That is an assumption that can be found in monopoly.
Therefore, option A is the right answer.
The finances of businesses involve several things, including:
- Revenue and profit.
- Costs and expenses.
- Budgets.
<h3>What are some components of finance in business?</h3>
The financial aspect of a business is hugely important to the success of the business because it involves making a profit which is the sole purpose of business.
In order to be successful in business, one needs a good financial plan. This plan will predict the revenue that the company should be earning in order to make profit.
It should also include the various costs and expenses that the business will incur as it engages in business. This financial plan usually comes in the form of a budget which provides ideas on how a business should spend money.
Note: Question was incomplete so a general overview of business finance was given.
Find out more on business finance at brainly.com/question/1265337.
Answer: Master limited partnership
Explanation:
A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer. A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.
