you said to use images and words so here you go your teacher should be impressed
get dababied
Correct/Complete Question:
Florida has an agreement with some other states which recognizes the similarity in education and experience requirements for licensees. What is the agreement called?
(a) Reciprocity
(b) Mutual recognition
(c) Cooperative licensure
(d) Intrastate licensing
Answer:
B, Mutual recognition
Explanation:
Mutual recognition agreement is an agreement that exists between two or more governments that has all parties agree to recognize each other's assessment results.
As regards the state of Florida in the question, it has mutual recognition agreements with other state(s) in the the area of education and licensing.This means that Florida state has a the process if licensing a real estate agent.
Cheers.
Answer:
False
Explanation:
In the initial period, the prepaid expenses should be recorded in the assets hand side of the balance sheet under the current asset column
But when some adjustments are made regarding this in terms of gains or expenses incurred, the same should be presented on the income statement
Hence, the given statement is false as it is recorded in the assets only during the initial period
Answer:
Here are some steps to be taken to avoid being a victim of consumer fraud:
- Spot Imposters: Scammers often pretend to be someone else, especially one you can trust, like a government official.
- Online searching: Search about the company of product online to see if it is legit or not.
- Don't pay in advance: Scammers always try to get money in advance, in terms of taxes or fees.
- Discuss with someone: Before giving someone your money, talk to someone you trust or preferably to an expert.
- Personal information: Don't given any unknown person your personal information, money, or any kind of financial details
Answer:
Qualified Business Income Deduction is $9,800
Tax liability = $4,564
Explanation:
Qualified business income is calculated by subtracting an individual's ordinary deduction from a qualified business or trade from the individual's ordinary income.
Net income = $61,000
Standard deduction = $12,000
Modified taxable income;
$61,000 - $12,000 = $49,000
QBI Deduction (Sec 199A) is the lesser of:
[0.2 × 49,000 < 0.2 × 61,000]
$9,800 < $12,200
Therefore Qualified Business Income Deduction is $9,800
Taxable income = $(49,000 - 9800) =$39,200
