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mixer [17]
4 years ago
9

Barry is a self-employed attorney who travels to New York on a business trip during the year. Barry's expenses were as follows:

Airfare $560 Taxis 40 Meals 100 Lodging 350 How much may Barry deduct as travel expenses for the trip? a. None of these b. $1,000 c. $950 d. $0 e. $1,050
Business
1 answer:
trapecia [35]4 years ago
6 0

Answer:

$1,050

Explanation:

Given that,

Airfare = $560

Taxis = $40

Meals = $100

Lodging = $350

All the expenses incurred during a business trip to New York are deductible.

Therefore, the amount of expenses deducted is calculated as follows:

= Airfare + Taxis + Meals + Lodging

= $560 + $40 + $100 + $350

= $1,050

Hence, Barry may deduct $1,050 as travel expenses for the trip.

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Which security method involves coding your readable emails into a format that is illegible
Natalka [10]
Which security method involves coding your readable emails into a format that is illegible? Cryptography. Businesses and individuals will use cryptography to keep information secret. This makes it hard for people who want to crack information and decode information that they do not have access to.
6 0
4 years ago
Scene: A savvy investor has a mix of stocks and bonds in their investment portfolio. Why would it be a good idea to mix stocks a
Komok [63]

Answer:

Explanation:

It wouldn't now, unless you are very wealthy. Interest rates are very low and you would have to go into the junk bond market to get any kind of decent return. But Junk Bonds are or can be very unstable and you get a high return for a very chancy situation.

I think I know what the question wants you to understand. You need something that will provide with income. You just don't want to deal with bonds. There are stocks around that pay dividends; they are very conservative and if they go down, that will be the least of your problems.

You can then devote your resources to capital gains or pure stocks: no interest payments, but the stock itself goes up. There is a whole different tax system for capital gains.

You should also get some gold or silver as insurance.

Since you have asked about stocks and bonds, I have not said anything about cryptos. That's an option, but you have to be very knowledgeable because those things can be an investment nightmare.

7 0
3 years ago
All of the following are the types of term insurance depending on how the face amount changes during the policy term EXCEPT (Cho
grigory [225]

Answer:

1- Increasing

Explanation:

Term insurance is kind of a life insurance which during a specified term promises payment in case of death and when that specified term comes to an end it can be renewed (renewable term), terminated or made permanent. There are three types of term insurances.

- Renewable

- Decreasing

- Level

There is no such policy as Increasing under term insurances.

Under renewable term insurance the insurer can renew on a yearly basis without specifying specific term.

Under decreasing term insurance the insurer pays a fixed amount for the duration of the policy. The coverage of this life insurance policy declines at a predetermined rate over the life of the policy that's why the name decreasing.

Under Level term insurance the insurer also pays a fixed amount and policies under this insurance type cover a period, mostly between ten to thirty years.

6 0
3 years ago
You saving up to buy a car. You plan on making your first savings deposit one year from today, and then making deposits for the
Phantasy [73]

Answer:

$10,904.84

Explanation:

According to the scenario, computation of the given data are as follow:-

Year  Deposit amount ($)  At 9% for 3 years Future value of deposits ($)

1            $1,500                            (1.09)^3 = 1.295029        $1,942.54

2             $3,000                    (1.09)^2 = 1.1881                 $3,564.3

3            $2,200                            (1.09)^1 = 1.09                 $2,398

4             $3,000                               1                                 $3,000

Total                                                                                   $10,904.84

Future value = cash flow × (1 + interest rate)^number of years

When the amount of $10,904.84 is available, I buy the car.

4 0
3 years ago
In an organization, project managers report directly to the head of a PMO. In this case, which statement is probably not true
snow_tiger [21]

Answer:

Projects will be run by the functional organization and project managers expedite change control.

Explanation:

A project management office or PMO is a department within an organisation that is tasked with maintaining the standard of project management. They also make sure there is economies of repitition in project execution (ensure success of projects is replicated).

In the given scenario if project managers report to the head of a PMO it means that the project management team is independent of the functional organisation.

So the statement - Projects will be run by the functional organization and project managers expedite change control.

Is false.

3 0
3 years ago
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