1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
LUCKY_DIMON [66]
3 years ago
14

Which of the following is a true statement? Multiple Choice a) Meals are never deductible as a business entertainment expense. b

) An employer can deduct the full cost of meals provided to employees as compensation. c) The cost of business meals can be extravagant if incurred away from home. d) A taxpayer can only deduct the full cost of a meal for a client if business is discussed during the meal.
Business
1 answer:
Ahat [919]3 years ago
8 0

Answer:

The answer is: B) An employer can deduct the full cost of meals provided to employees as compensation.

Explanation:

When an employer provides free meals at work it is a win-win situation for both the employees and the employer. They both benefit from it; the employees get "free meals" and the employer is able to deduct the full cost of the meals. Everyone has to eat at some time, and free meals are a great perk.

You might be interested in
George Jefferson established a trust fund that provides $170,500 in scholarships each year for worthy students. The trust fund e
Aleonysh [2.5K]

The returns of a capital amount to a compensation rate for depositing the money, to calculate these returns an interest rate is used by which the deposited capital is multiplied, in this case the rate is 4%.

As the money distributed is only the product of interest, then that money is the result of multiplying the capital by the interest rate, to obtain how much money Mr. Jefferson contributed, the reverse process will have to be done.

Answers

let <em>C</em> be the capital, then :

C\times4 \%  = 170500\\C\times\frac{4}{100}= 170500\\C=170500\times\frac{100}{4}\\C=4262500

The capital contributed by Mr. Jefferson was <em>$4,262,500</em>

3 0
3 years ago
Read 2 more answers
If Janet decides to wear her favorite red shirt instead of her favorite blue dress, she is making what?
tatuchka [14]

Answer:

she is making a decision?

8 0
2 years ago
Read 2 more answers
What do individual shareholders gain when they buy shares of a companies stock?
baherus [9]
Share Ownership by Individuals.
Did you know owning shares means tax advantage. Your tax situation can benefit from using the tax advantage that come with fully franked dividends.owning shares also means you are a company owner. When you are buying shares you are buying the company`s asset and its profits. All that told there many advantages that come along with purchase of shares by an individual who wishes to invest his capital in shares.
Benefits of Owning Shares.

1. Stock Owners Take Advantage of a Growing Economy.
As the economy grows so do cooperates earning that is because economic growth creates income this will create a consumer demand that will automatically drive more revenue into companies register an lead to rise company`s share value.
2. Easy to Buy.
The stock market has made it easy to by shares from companies. They can be purchased through  a broker, financial planner or online. Once you have set up an account you can stock at any minute. The stock market runs 24 hours, five days a week making the market reliable and sufficient.
3.They are the Best Way to Stay Ahead of Inflation.
Historically stocks have averaged an annual return of 10%. That is better than the annual inflation of 3.2%. It  means you have a longer time horizon. That way a stock owner is limited to the risks aligned with the stock market.
4. They are easy to sell.
The stock market allows you to sell your shares at anytime. That will surely help if you really need the cash in a hurry. One disadvantages related to this is that the prices are really volatile so the shareholder runs the risk to make losses when the make haste decisions.
5. You make money in two ways. 
Many investors tend to by shares when they have low prices and sell when they are high. They invest in companies that appreciate in value at at either a fast rate or moderate rate. This attracts both day traders and buy-hold investors and  this bridges the gap in making money in to ways.  
 
Summery.
A well defined portfolio will provide most benefits and fewer risk arising to stock ownership. to exchange you shares at a limited risk and get to earn more experts advice apart from stock ownership alone have a mix of stock bonds and commodities. This has proven to be the best way to make highest returns at lower risk. It is important to note that shareholders in stock market contribute close to 80% of the revenue in the market.

 
6 0
2 years ago
Which best describes what happens to the amount of a good or service that is supplied to consumers? The amount of a good or serv
Debora [2.8K]

The amount of a service cannot change. But the quality of a service can change positively or negatively

3 0
3 years ago
Read 2 more answers
What is an advantage of entrepreneurship
Margarita [4]
Entrepreneurship comes with its share of ups and downs. The most obvious advantage is the opportunity to be your own boss. Being in charge and making the important decisions regarding your business can be fulfilling, but it can also be challenging.
6 0
3 years ago
Read 2 more answers
Other questions:
  • Your business plan calls for utilizing a computerized lathe. The lathe costs $12,000. If you borrow the money to buy it, you wil
    6·1 answer
  • Sales are $1.44 million, cost of goods sold is $570,000, depreciation expense is $144,000, other operating expenses is $294,000,
    10·1 answer
  • You and spouse are filing a joint return. Your current deductions have reduced your taxable income to​ $88,990, bringing you int
    10·2 answers
  • Hershey's decides to start using a compostable material in which to wrap their chocolate. Unfortunately, this material begins br
    5·1 answer
  • A key resource is assigned on multiple tasks that are running simultaneously. The project manager needs to minimize impact on ac
    15·2 answers
  • Advertising revenues support the majority of the content we see in the media today. What professions and businesses does adverti
    10·1 answer
  • Better Corp. (BC) began operations on January 1, Year 1. During Year 1, BC experienced the following accounting events: 1. Acqui
    8·1 answer
  • Review each of the following statements to determine which is correct regarding the importance of assessing a company's risk of
    10·1 answer
  • Which 2 statements are true about payment links in QuickBooks<br> Online?
    10·1 answer
  • Which level of strategic management focuses on the organization as a whole?
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!