The process of dividing work activities into separate job tasks is known as division of labor.
The separation of tasks inside any economic system or organization is known as the division of labor, allowing members to specialize
People, groups, and nations are given or learn to acquire specialized talents, and they either join forces or trade to benefit from the additional powers of others.
Equipment, natural resources, talents, and training are all examples of specialized capabilities, and it's frequently crucial to have a combination of these assets working together.
For instance, a person can specialize by getting the right equipment and learning how to use it, just as a company might specialize by getting specialized machinery and employing or training expert personnel.
The basis for commerce and the origin of economic interdependence is the division of labor.
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The net income or net loss is calculated on the
statement of owner’s equity.
Answer:
b. $160,700
Explanation:
In the case of ordinary taxable income limitation, the taxable income for the single person is up to $160,700 and for married who filled jointly have a limit up to $321,400.
Plus, if the income is covered within the threshold limit then the tax payee is eligible for the deduction which is equal to 20% of qualified business income irrespective whether they engaged or not engaged in any specified service trade or business
Answer:
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