Answer:
$69
Explanation:
Calculation for Central Park's taxable income
Pretax accounting income $80
Less Temporary differenceDepreciation (15)
($35 – $20)
Bad debt expense $4
($6 – $2)
Taxable income$69
($80-$15+$4)
Therefore Central Park's taxable income will be $69
Automatic bill payment,,Budget software.....hope that helps!(:
Answer: $6,000
Explanation:
Maria is a citizen and resident of Mexico so the only way the U.S. can tax Maria is by taxing income that is in U.S. jurisdiction before it comes to Maria.
This will include the dividend from ownership of stock in a U.S. Corporation, the interest from a U.S. company issued bond and rental income from a property located in the U.S.
The U.S. will be unable to tax the capital gain from sale of stock however because the sale might not be conducted in the U.S.
Income subject to U.S. taxation is therefore:
= 1,000 + 2,000 + 3,000
= $6,000
Answer:
$118,000
Explanation:
We know the purchase price of land = $100,000
Also any kind of brokerage or commission is added to such cost as it is part of acquisition and one time expense, thus capital in nature.
Thus, $8,000 paid as brokerage will be added.
Also the one time expense in the capital nature being the demolishing expense will be added to cost.
Thus, net cost of land = $100,000 + $8,000 + $10,000 = $118,000
Some of the salvage sold results in an income for the company, and that shall form part of income statement, and has nothing to do with cost of land.
Thus, net historical cost = $118,000
The given statement " The market for factors of production connects spending by firms to household income " is TRUE
Explanation:
When goods and services markets were the only businesses open, corporations would ultimately have everything they wanted in a single business, consumers would have all the finished products and industry would end.
The word "factors of production" refers to everything a manufacturer uses to make a final product.
Types of production factors are labour (work was carried out by people), equipment (machinery for the processing of products), land and so on.
Job markets are the most widely contested type of a factor market, but it should be noted that output factors can take many forms.
