1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zzz [600]
3 years ago
5

Toby, owner of a cupcake shop in New York, is considering opening a similar business (i.e., a cupcake shop) in Phoenix. After sp

ending $4,200 investigating such possibilities in Phoenix, Toby decides against opening the store. What is the maximum amount of deduction for the current year attributable to these expenditures?A) $0B) $420C) $840D) $4,200
Business
1 answer:
crimeas [40]3 years ago
6 0

Answer:

D) $4,200

Explanation:

the business investigation expenses of a taxpayer who is already engaged in a similar trade or business are fully deductible in the year incurred regardless of whether or not the taxpayer goes into a new business.

Therefore, the maximum amount of deduction for the current year is

$4,200.

You might be interested in
1. If you were a manager conducting a job interview to applicants and you encountered the following querries
Fudgin [204]

AnsjoNOnondxw

Explanation:

dqfewgrjhfj

4 0
2 years ago
Consider the following items: • Land • Accounts Receivable • Notes Payable (due in three years) • Accounts Payable • Retained Ea
sashaice [31]

Answer:

Land, Building and equipment

Explanation:

As we know that

Total assets include current assets, fixed assets and intangible assets Current assets involve cash, stock, account receivables, etc. Fixed assets comprise plant & machinery, property, equipment, furniture & fittings, etc.

So according to the given situation, the land, building and the equipment is considered generally as a long term asset

4 0
3 years ago
7. What is supply and demand? Give me an example of a supply and demand currently?
Marysya12 [62]

Answer:

Supplier sells the goods at various prices, depending on how much consumers want it, and at the rate that the goods are being sold.

For example, now, during the pandemic,  face masks are now in very very high demand. Due to this, suppliers has now increased the price of the face masks, as to take advantage of the current situation

4 0
2 years ago
1,1. What is a Fixed Asset Register.Explain how this document assists
alukav5142 [94]

Answer:

A fixed asset register is a detailed list of all fixed assets which are owned by a business. Its main purpose is to enable an organization to accurately record and maintain both financial and non-financial information pertaining to each asset and to easily identify and verify an asset when required.

Explanation:

4 0
3 years ago
Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more
german
Number 1 = decrease
number 2= have an ambiguous change
3 0
2 years ago
Other questions:
  • Jeff and Ryan rent a house from Mike and Yolanda Reynolds. They are three months behind in their rent and neighbors have been co
    15·1 answer
  • A few of the tools economists use to evaluate the macroeconomy are
    11·1 answer
  • According to the Department of Labor finishing even one year of college raises the average person's income a lot for the rest of
    11·2 answers
  • As of June 30, 2018, the bank statement showed an ending balance of $16,216. The unadjusted Cash account balance was $15,119. Th
    13·2 answers
  • How would life in the United States be different if people were not allowed to vote
    15·1 answer
  • A manufacturer produces 500,000 MP3 players in the first quarter of the year. It sells 400,000 of them and adds 100,000 of them
    5·1 answer
  • Which is bigger, in size? 300oz/900g OR 3.5lb
    9·2 answers
  • Use figure 3.4 to answer the following: if the cost of gasoline increased from $3.00 per gallon to $4.00 per gallon and the quan
    15·1 answer
  • Lãi suất được trả bởi vì
    11·1 answer
  • Namita is voting in a state election. She selects the candidate she wants to be state senator, a position that involves drafting
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!