A self-employed taxpayer may be eligible to deduct amounts paid for medical insurance for themselves and for their families, as long as neither they nor their spouse was eligible for employer-sponsored health insurance. This deduction claimed to Claim a non -refundable tax credit based on the cost of the insurance.
insurance is a settlement that transfers the risk of monetary loss from an individual or business to a coverage organization. They acquire small quantities of money from clients and pool that cash collectively to pay for losses. Coverage is split into essential classes: belongings and Casualty coverage (percent).
Coverage plans are beneficial to each person seeking to defend their family, property/property, and themselves from economic chance/losses: coverage plans will help you pay for clinical emergencies, hospitalization, contraction of any illnesses and treatment, and medical care required in the future.
In coverage phrases, the threat is the chance something harmful or unexpected ought to appear. This might involve the loss, theft, or harm of precious assets and assets, or it may involve someone being injured.
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Answer:
Blue Company
Consolidation of Parent & Subsidiary Companies :
1. c. $86,000
2. b. $47,000
3. d. $39,000
Explanation:
In preparing a consolidated income statement, Blue Company with controlling interest of 60% will eliminate intercompany transactions, sales, purchases, inventory, and profits. This is because such transactions are assumed to be within the same consolidated entity.
Only such transactions involving outsiders are taken into consideration for the purpose of determining profits and arriving at the financial position of the consolidated group.
-Federal taxes
-Social Security
-State taxes
It is a false statement that the marginal revenue curve for a monopolist is greater than the price because the monopolist faces a downward sloping.
<h3>Why is it a false statement? </h3>
The situation is that the marginal revenue curve for a monopolist are always less than the price.
This is because for each additional unit of output the marginal revenue is declining its results from the downward sloping market demand curve.
Therefore, the statement given is a false statement.
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Answer:
The answer is (B) how quickly the prices are rising