Answer: Option B, D , E
Explanation: In simple words, goods which are not used in the production of other goods rather consumed by the individual to satisfy current wants is called consumer goods.
So, form the above explanation we can conclude that a chocolate bar and a golf ball are consumer goods among all options.
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B. A ski lift will be used continuously by the owner for its business operation. Hence, not a consumer good.
D. A shopping mall cannot be considered a good. It is a fixed asset to the entity owning it. Hence, not a consumer good.
E. A train will continuously used by the organisation owning it for its business purpose. Hence , not a consumer good.
Answer:
The correct answer is A
Explanation:
FLSA stands for Fair Labor Standard Act, which is defined as the act that usually requires, the covered non- exempt employees to receive the overtime pay, at least 1 and 1/2 times of their regular pay for the time they worked in excess of the 40 hours per week of the work.
The regular rate is defined as the remuneration which involves all the employment remuneration that are subject to the exclusions mentioned in the Section 7 under sub section (e) of the FLSA.
So, the vacation pay is the one which is not involved in the regular rate as any time earned gained over 40 along with the vacation is the straight time which will not be paid.
The correct answer would be B. This is because you are spending more money aka $12,000 which would result in you having less money than if you bought one for $8,000!
Answer:
<u>$22,500</u>
Explanation:
Note, the applicable tax law in this case states permits an individual who engages in a rental real estate to use up to $25,000 of net losses from the rental real estate activity to offset other their other income.
Since a rental activity is classified as a passive activity, whether or not the taxpayer participates in such activity, the $25,000 rental loss is reduced by 50% of the amount in the case where Annual Gross Income (AGI) exceeds $100,000. Consequently, since Barry's AGI is $105,000 ($80,000 + $20,000 + $5,000), which is greater than $100,000, only the amount exceed $100,000 would be reduced by 50%, which is calculated below:
<u>$105,000 – $100,000 × 50% = $2,500, next subtract amount from Barry's $25,000 ($25000-$2,500) = $22,500.</u>
