Answer:
The tax deduction of the contributions.
Explanation:
The claiming of tax deduction of all money raised for the natural disaster in California. Since the Ladies Aid Society is presumably, a non-profit organization then its contributors may claim tax deduction, on their contributions according to Iowa State.
Answer:
total amortization expense = $5400
so correct option is C) $5,400
Explanation:
given data
purchase price = $67,500
time period = 75 months
months = 6th
to find out
total amortization expense
solution
we get here total amortization expense that is express as
total amortization expense = 
×months ...............1
put her value we get
total amortization expense = 
× 6
total amortization expense = $5400
so correct option is C) $5,400
Answer: B. The capital gains yield is positive.
Explanation:
The Capital Gains Yield is a percentage figure that tells how much an investment has increased in price from it's acquisition.
It works by taking the new value and dividing it by the original value.
Using Stacy as an example, the Stock increased by $4 so assuming she bought the stock for even $0.1 then her Capital Yield is,
= 4/0.1
= 40 * 100%
= 4000% which is positive
As long as the stock was sold for more than it was bought, Capital Yield Gain is positive.
Answer:
d.$5,500.
Explanation:
The computation of the deductible expense is shown below:
= Airfare + lodging + 50% of meals
= $3,000 + $2,000 + 50% of $1,000
= $3,000 + $2,000 + $500
= $5,500
hence, the deductible expense is $5,500
Here we take 100% of airfare & lodging but we took 50% for the meals
hence, the option d is correct
Answer:
Recourse debt.
Explanation:
Cancelled recourse debt are included as income and are taxable. Taxpayer get the benefit for using the money but does not have burden to repay the amount. These are mainly, prizes, awards on winning any contest etc. Debt which are forgiven or cancelled by lender are considered as Income and taxable. The law say that income from discharge of indebtness are included as income.
