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Blizzard [7]
4 years ago
11

Which of the following taxpayers may not use the standard mileage method of calculating transportation costs? a. A self-employed

CPA who drives a computer-equipped minivan to visit clients. b. A real estate salesperson who drives a $70,000 Mercedes while showing houses. c. All of the above taxpayers may use the standard mileage method. d. A taxpayer who has a fleet of 10 business automobiles. e. An attorney who uses his Tesla for calling on clients.
Business
1 answer:
frozen [14]4 years ago
4 0

Answer:

The correct answer is (E)

Explanation:

A standard method of calculating transportation cost is used to maintain equality among organisations. This method is applied to all the workers and government employees, but it has some rules and regulations. If an employee for example attorney is using his vehicle for calling on clients is fine as long as the car average fuel consumption is standard. For example, if an attorney used his Tesla for calling on clients is not a standard way which is why transportation cost will not be calculated by the standard mileage method.

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You purchased 600 shares of SLG, Inc. stock at a price of $41.20 a share. You then purchased put options on your shares with a s
Reika [66]

Answer:

Profit of 3600

Explanation:

I bought the 600 shares at a price of $41.20

so, Cost of buying the shares 24720

Along with it, i also bought the put option in $1.10 with a strike price of $45.

Buying the put option able me to sell the stock in 45 regardless of the price in stock market is.

But at the expiration date, the price of stock is $48.30 (more than strike price of $45)

So, i would not sell my stock to the broker in 45 (strike price) where, i can sell this stock in stock market at $48.30

Selling this stock in 48.30

48.30*600=28980

I must pay the option premium even though i have not utilized the option.

1.10*600=660

Finally,

selling price of shares-cost of buying shares - cost of purchasing premium

28980-24720-660= 3600

5 0
3 years ago
The text for the third section of the aria is "Remember me, remember me, but ah, forget my fate, remember me, but ah, forget my
ira [324]

Answer:

The correct answer is text: new; music: new.

Explanation:

The aria is made up of a musical component that ends in a tonic note and whose second section will contrast with the previous one in relation to time, in the same way as the third section.

Seeing the staff, the Aryan is not reflected, but the phrase "da capo" appears from the beginning) this tells the singer that he will have to repeat the work from the beginning until he reaches the phrase. It is at this time that the interpreter reveals his vocal abilities. You can use all the ornaments, your vocal performance and score.

3 0
4 years ago
Frank & Sons, a 100% equity financed firm, has a beta equal to 1.3. The firm’s stock is currently trading at $25 per share,
ch4aika [34]

Answer:

The required rate of return on the risky projects is 17.40%

Explanation:

The required rate of return on average risky projects of Frank and Sons can be computed using the cost of equity formula below:

Ke=Rf+beta*(Mr-Rf)

Rf is the risk rate of return on government security which is 7%

beta is the sensitivity of the project to market return is 1.3

Mr is the market expected return which is 15%

Ke=7%+1.3*(15%-7%)

Ke=7%+1.3*8%

Ke=7%+10.4%

Ke=17.40%

The required rate of return on the risky projects is 17.40%

5 0
3 years ago
Quatro Co. issues bonds dated January 1, 2019, with a par value of $400,000. The bonds’ annual contract rate is 13%, and interes
nexus9112 [7]

Answer:

$9850

$ 146,172  

Explanation:

The amount of premium on the bond issuance is the difference between the cash proceeds from the issue and the face value of the bond i.e $9,850($409,850-$400,000).

The total expense that would be recognized over the life of the bond is $146,172   as shown in the expense column of the attached amortization schedule.

Find attached effective interest amortization table.

The final balance is $22 more than the face value due rounding error.

Download xlsx
4 0
3 years ago
Read 2 more answers
The adversarial system is said to have developed from the trial by ordeal wherein disputes were settled by having the parties fi
nikdorinn [45]

The correct answer is cross-examination. Cross examination is being defined as an interrogation in which being asked to a witness that is being called out by the opponent in which this is being preceded by the direct examination which is followed by a redirect examination.

8 0
3 years ago
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