All categories

3 years ago

Which of these people will be eligible for a tax deduction?

2 answers:

7 0

Interest from banks and dividends are both forms of income, which is taxed. But when you give to charities, you can actually *deduct* it from your taxes.
Let's say you have a stock that gives dividends. That means every month, or six months, etc (depending on the type of dividend) you get paid a certain amount. Sort of like a salary for having the stock.

"tax deductible" means that it can be *deducted* from your amount of taxes owed.

serg [7]3 years ago

6 0

i would say the answer has to be C.

You might be interested in

Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec

professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0

2 years ago

Which of the followinThe IS-LM can be viewed as a special case of the AS-AD model where:

CaHeK987 [17]

Answer:

Short run aggregate supply curve is flat ( A )

Explanation:

The special case of the AS-AD following the IS-LM is that the short run aggregate supply curve is flat

This is because in an AS-AD model the price level is constant and AD represents an equilibrium point along IS-LM model, hence the price been constant, shows that in short run aggregate supply curve will be flat.

7 0

2 years ago

A real estate salesperson brings a buyer to a For-Sale-By-Owner transaction. The home sells for $120,000, and the seller agrees

sweet [91]

Solution:

The home sells for = $120000

The commission that is paid by the seller is 3 percent

Therefore, commission = 3% of $120000 = $3600

The sales-person is on a 65 percent commission schedule with her broker which means that the saleperson gets the 65 percent amount of the commission.

Thus, the amount which is received by the salesperson from the given transaction is = 65% of $3600 = $2340

Therefore, the salesperson receives $2340 amount from the said transaction.

8 0

2 years ago

PEZ Candy Inc. produces the popular small candy that is dispensed in collectible flip-top dispensers. In the United States, PEZ

aleksandrvk [35]

Answer:

PEZ Candy Inc.

1. PEZ Candy Inc. would be more likely to use process costing for the manufacture of its PEZ candies.

The reason is that the manufacturing of candies involves continuous processing of materials that results into candies. The processes are not customizable for separate orders.

2. PEZ Candy Inc. would incur these types of costs in the manufacture of its PEZ candies:

a. Direct material = sugar

b. Direct labor = wages of factory workers

c. Manufacturing overhead = utilities expenses

i. indirect materials = cleaning supplies

ii. indirect labor = factory supervisor's salary

iii. other manufacturing overhead = depreciation expense of factory equipment

3. PEZ Candy Inc. would be more likely to use job costing to calculate the cost of one particular birthday party hosted at the PEZ Visitor Center. The reason is that it is a specific event. It does not involve a continuous process.

Explanation:

a) Data and Calculations:

Materials for PEZ candy include:

Direct materials:

Sugar (95%)

Fruit flavoring

Coloring

Corn syrup

Product = PEZ candies

Services: customized birthday parties

6 0

2 years ago

Here is the accounting equation for Sam's auto parts $18,000= $12,000 +$6,000 The owner withdrew $1,500 for personal use. Write

Eva8 [605]

Answer:

$18000=$12000+$4500

5 0

3 years ago