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Butoxors [25]
3 years ago
13

1. Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent secu

rity specialist who spent $395 on uniforms during the year. His laundry expenses for the uniforms were $175 for this year, plus $65 for altering them. Brandy works as a drill press operator and wears jeans and a work shirt on the job, which cost $175 this year. Her laundry costs were $50 for the work clothes. Brandy is also required by state regulators to wear safety glasses and safety shoes when working, which cost a total of $115. How much is their total deduction on their Schedule Cs for special clothing and uniforms?
2. Cooper and Brandy are married and file a joint income tax return with two separate Schedule Cs. Cooper is an independent security specialist who spent $395 on uniforms during the year. His laundry expenses for the uniforms were $175 for this year, plus $65 for altering them. Brandy works as a drill press operator and wears jeans and a work shirt on the job, which cost $175 this year. Her laundry costs were $50 for the work clothes. Brandy is also required by state regulators to wear safety glasses and safety shoes when working, which cost a total of $115. How much is their total deduction on their Schedule Cs for special clothing and uniforms?
Business
1 answer:
Nina [5.8K]3 years ago
5 0

Answer:

the total deductions on their schedule Cs for special clothing and uniforms is <u>$750</u>

Explanation:

Now you have to know that Brandy's jeans and her laundry cannot be deductible. if her shirt is to be deductible,then it should have the id of the company on it. But we are told that they are just regular work wears.

the calculations are as follows:-

cooper's uniform through the year = $395

cooper's laundry = $175

cooper's altering allowances = $65

Brandy's safety glasses and shoes when working = $115

summing these up

395 + 175 + 65 + 115

= $750

the total deductions on schedule Cs is $750

<u>note:</u>

<u>note:the second question you posted is the same as the first. so the answer is the same</u>

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kaheart [24]

Answer:

The appropriate answer is "capital intensive, land intensive".

Explanation:

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This will take effect even though the international availability of land will increase but instead international demand for resources will keep increasing.

7 0
4 years ago
Cala Manufacturing purchases a large lot on which an old building is located as part of its plans to build a new plant. The nego
Assoli18 [71]

Answer:

Land $434,696

Land improvements $108,609

Building $1,720,600

   To Cash $2,263,905

(Being the amount paid in cash is recorded)

Explanation:

The journal entry is shown below:

Land $434,696

Land improvements $108,609

Building $1,720,600

   To Cash $2,263,905

(Being the amount paid in cash is recorded)

The land, land improvements and the building increases the assets so it is debited while the cash is credited as the cash is paid

The computation of the land is shown below:

= Purchase price of the land + purchase price for the old building + paid amount for tear down the old building + cost to fill and level the lot

= $224,000 + $119,000 + $37,000 + $54,696

= $434,696

7 0
3 years ago
The Federal Reserve mandates that banks must keep a certain percentage of money on hand at particular times. What is this referr
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Answer:

a. Reserve requirement

Explanation:

As we know that the bank must hold the money percentage of the deposits made in cash as per the federal reserve so the same we called as a reserve requirement.

It is mandatory to keep the specific percentage for particular times

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3 years ago
How does monpolistic competition differ from pure competition in its basic chartcerisitcis from pure emonopoly?
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6 0
3 years ago
On October 1, Robertson Company sold inventory in the amount of $5,800 to Alberta, with credit terms of 2/10, n/30. The cost of
Ira Lisetskai [31]

Answer:

<u><em>October 4</em></u>

Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

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Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

Explanation:

The Entries that Robertson Company should enter for the 2 dates are as follows :

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Cost of Sales  $4,000 (debit)

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Trade Receivable $5,800 (debit)

Revenue $5,800 (debit)

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Inventory $350 (debit)

Cost of Sales $350 (credit)

<em>Being Recognition of Inventory and de-recognition of cost of sale</em>

Revenue $500 (debit)

Trade Receivable $500 (credit)

<em>Being de-recognition of Revenue and Trade Receivables.</em>

3 0
3 years ago
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