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Bingel [31]
3 years ago
13

Approximately 300 billion dollars are given to charities each year.  A.No. It is about 30 billion dollars at the most. B.No. It'

s only about 300 million dollars. C.No. It's only 300 thousand dollars. D.Yes. That sounds correct.
Business
1 answer:
alexdok [17]3 years ago
3 0
The answer to the statement above would be TRUE. Yes, it is correct that approximately, 300 billion dollars are donated to charities each year, but this only covers those charities that are registered. There are about 40,000 charities in the United States alone. The answer for this is D.
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Viktor [21]

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Normative, positive

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Is this a school question?
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4 years ago
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The profit and loss statement of Kitsch Ltd., an S corporation, shows $100,000 book income. Kitsch is owned equally by four shar
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Answer:

  • $82000
  • $20500
  • $750
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Explanation:

with the information provided

A) how the entity's non separately stated income is $82000

to calculate the non separately stated income

(Total long term stated income) - (total short term stated income)

long term stated income

book value = $100000

long term capital loss/gain = $6000

book value + long term capital loss = $106000 ( total long term stated income )

short term stated income

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C)

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number of share holders = 4

hence Billings' share of tax exempt interest income = tax exempt income / number of share holders

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