Answer:
Please find the detailed answer as follows:
Explanation:
a) The cost of obtaining an MBA degree for someone who is employed in a business position normally is a deductible education expense. But if the reason for taking course is to qualify her for a new trade or business then the expense will not be deductible or disallowed.
Reasons Deductible or Nondeductible
- It is to maintain or improve existing skills required in her present job. Deductible
- It is to meet the minimum educational standards for qualification in her existing job. Deductible
- It is to qualify her for a new trade or business. Nondeductible
.
- It is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status. Deductible.
b) $4,000 will be allowed as deduction for qualified tuition under § 222. Except for this amount of tuition portion, Jamie must itemize to claim the deduction and it will also be subject to the 2% of AGI limitation.
Answer:
D. Natural law.
Explanation:
As a concept, natural law states that everyone, including people, animals and all other living things, e.g. trees, have God given or natural rights. These rights include our right to live and be free, and are not established by any law created by humans, instead we (and the rest of living creatures) are born with them. Laws made by human societies have no right to interfere or break natural laws, since natural laws are the basis of all other laws.
Some people believe that natural law only applies to humans, but others, e.g. ecologists and animal lovers, believe that they apply to all living creatures.
Answer: Prices will decrease
Explanation: Because of high supply, prices will decrease.
Answer:
$40
Explanation:
Target cost is the cost per unit arrived at after having deducted the required profit margin from the competitive market price.
It is a management technique that makes management think about ways to achieve a set target cost rather than forcing their actual cost plus profit margin on customers.
In this case, the competitive market price is $54 per unit of hard drive whereas the company expects to achieve a total profit of $14 per unit
Profit margin per unit=$14
competitive market price=$54
Target cost=competitive market price-profit margin per unit
Target cost=$54-$14
Target cost=$40
