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.
Answer:
Alternative 2
Explanation:
Because it has a higher profit of $127,500
Answer:
Accounting standard-setters such as International Accounting Standards Board, use the following process in establishing accounting standards:
Research-discussion paper-exposure draft- standard
As a result,option D is correct.
Explanation:
When a new standard is envisaged,rigorous research is undertaking,followed by the call for experts to submit discussion papers from exposure draft is crafted before a standard is finalized.
<span>Government agencies are D. Part of the public sector. Public sector is defined as a part of the economy that is owned and controlled by the government. Government agencies are called such because these agencies are controlled by the government; each branch of Government has its own agencies but each agency exists to provide services for its citizens.</span>
Answer:
The borrower pay $150,000 for a property and still qualify for this loan amount
Explanation:
Data provided in the question:
The amount that the homebuyer can afford to borrow = $120,000
Loan to value ration required by the lender = 80% = 0.80
Now,
( Loan amount ) ÷ ( Value of the property ) = loan-to-value ratio
Thus,
$120,000 ÷ ( Value of the property ) = 0.80
or
Value of the property = $120,000 ÷ 0.80
or
Value of the property = $150,000
Hence,
The borrower pay $150,000 for a property and still qualify for this loan amount
