Underground economy refers to the illegal trade of goods and
services because it does not comply with the government’s policy of reporting
necessary requirements. An example of this is smuggling of goods and
prostitution. If there is an increase in the income tax rates, the underground
economy will continue to grow and tax evasion may be rampant. It is because
some people would avoid in their duty of paying right amount of taxes and
prefer to earn more money.
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000
Based on my these figures, Barton’s taxable income is $127,000.
Answer:
(b) Goods shipped on consignment to Logan Holdings Inc. on January 5.
(c) Goods shipped to a customer, FOB destination, on January 29 that are still in transit.
Explanation:
Gato Inc. should include two items in its inventory. Good shipped on consignment to Logan Holdings Inc. should be included in inventory because this is transaction after the closing of December period. Goods shipped tp a customer on January 29 must also be included in the inventory because the goods are still in transit.
<span>Any differences in future development of monozygotic twins can be attributed only to "environmental factors".
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<span>Twins can be either monozygotic or dizygotic. monozygotic refers to the identical twins which means that they develop from one zygote, which splits and forms two embryos. And dizygotic refers to fraternal twins, which means that they develop from two different eggs. In fraternal twins, each twin is fertilized by its own sperm cell.</span>
Patent, copyright are two.
