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
Effectus [21]
3 years ago
12

Luis had self-employment income of $9,732 reported in box 7 of Form 1099-Misc and has receipts for tools and supplies of $2,603.

When entering the expenses into the tax return, Luis noticed that his refund went down. Luis asked the tax preparer to take the expenses off the return to help get the maximum refund. Is this allowable by the IRS
Business
1 answer:
elena-14-01-66 [18.8K]3 years ago
3 0

Answer:

No

Explanation:

Given the information from the question .We need to discuss if the Luis’s situation is allowable by the IRS. The IRS doesn’t permit to show fewer expenses or expenditures to acquire more reimbursement or refund. Therefore it is impossible for Luis to remove the expenses so that he can get maximum refund .The correct answer for this question is No.

You might be interested in
You’ve recently learned that the company where you work is being sold for $300,000. The company’s income statement indicates cur
chubhunter [2.5K]

Answer:

5%

Explanation:

Data provided in the question:

Present value of the company, PV = $300,000

Current Profits, π₀ = $11,000

Interest rate, i = 9% = 0.09

Now,          

we know,            

PV = \pi_0(\frac{1+i}{1-g})

here,

g is the growth rate        

on rearranging, we get          

g =  i - \frac{(1+i)\pi_0}{PV}

on substituting the respective values, we get

g = 0.09 - \frac{(1+0.09)\times11,000}{300,000}

or  

g = 0.05

or

g = 0.05 × 100%

= 5%

7 0
3 years ago
Kurt, who is a divisional manager, continually brags that his division’s required return for its projects is 1 percent lower tha
Viefleur [7K]

Answer:

D. Kurt’s division is less risky than the other divisions.

Explanation:

Based on the information provided within the question it can be said that the most likely reason is that Kurt’s division is less risky than the other divisions. Just as the saying goes "the greater the risk, the greater the reward", the same goes for the opposite, the lower the risk that a division has to undertake the lower the percent for the required return.

3 0
4 years ago
_____ is the marketing of goods and services to individuals and organizations for purposes other than personal consumption.
azamat

Answer:

C) Business marketing

Explanation:

There are two major types of business transactions: business to business (B2B) and business to consumers (B2C).

When a company engages in B2B transactions, they are selling their products or services to another business or individual that will resell them to individual consumers. For example, Nike sells shoes to Foot Locker, and then Foot Locker resells them to final consumers.

Businesses engaged in B2B transactions use specific marketing strategies aimed at their wholesale clients which usually vary from marketing strategies aimed at final consumers, e.g. offer discounts for buying in bulk.

3 0
4 years ago
Read 2 more answers
How does Maslow hierarchy of need help marketers to create various marketing strategies. Explain your answer with examples.
Keith_Richards [23]

The Maslow hierarchy of need helps marketers to create various marketing strategies because its already provides a way of evaluating the customers' motivations beyond what raw data will give.

<h3>What is the Maslow hierarchy of need?</h3>

The psychological theory established the motivation theory that models the 5 categories of human needs that helps to dictate an individual's behaviour.

The needs of human according to the Maslow Hierarchy includes Self-actualization, Esteem need, love and belonging need, safety need and physiological needs.

Read more about Maslow hierarchy

<em>brainly.com/question/19040822</em>

#SPJ1

7 0
2 years ago
A broker is an agent who: A. Trades on the floor of an exchange for himself or herself. B. Offers new securities for sale to dea
Annette [7]

Answer:

Specializes in bringing buyers and sellers together.

Explanation:

A broker can be defined as an individual or a firm that acts as a middleman between the buyers and the sellers. A broker is a licensed agent that is permitted to purchase or sell stocks and other investments.

A broker carries out the role of a trusted intermediary in various financial transactions. Brokers receive their commissions through a percentage gotten from the purchase or sale of an asset or stock.

3 0
3 years ago
Other questions:
  • Which professionals do not need to be licensed to engage in legal and enforceable contracts?
    6·1 answer
  • If the goal is to cut the total amount of smoke in half in the neighborhood, what isthe cost-effective way to do this?
    15·1 answer
  • How much federal tax should i pay on 17000?
    8·1 answer
  • Prepare the​ stockholders' equity section of upper a minus wirelessa−wireless​'s balance sheet at october 31, 2018. assume upper
    6·1 answer
  • Blossom Co. records purchases at net amounts and uses periodic inventories. Prepare entries for the following: (Credit account t
    15·1 answer
  • You want $1,000,000 when you retire in 40 years. You decided to save some money every year next 40 years for your retirement. Yo
    8·1 answer
  • _____ planning normally is performed by middle managers and typically has a one-year time frame? 1. Strategic planning 2. Tactic
    14·1 answer
  • Serengeti makes lightweight sunglasses with 100 percent UV protection for people who love to hunt, hike, and bike ride. Its plan
    10·1 answer
  • Do you believe the statements of politicians are more likely to be true than those of business entrepreneurs? Why or why not?
    9·1 answer
  • The fixed budget indicates direct labor costs of $27,500. Actual direct labor costs were $27,000. The variance is:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!