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azamat
3 years ago
12

Fred, a self-employed taxpayer, travels from Denver to Miami primarily on business. He spends five days conducting business and

two days sightseeing. His expenses are $400 (airfare), $150 per day (meals), and $300 per night (lodging). If required, round your answers to the nearest dollar. Fred's deductible expenses are:
A. Airfare: $ 400
B. Lodging:$ 300
C. Meals: $ 0
Business
1 answer:
malfutka [58]3 years ago
8 0

Answer:

$9,400

Explanation:

The computation of deductible expenses is shown below:-

Airfare = $400

Lodging = $300 × 5

= $1,500

Meals = $150 × 5

= $7,500

Total deduction = Airfare + Lodging + Meals

= $400 + $1,500 + $7,500

= $9,400

Therefore for computing the total deduction we simply add airfare, lodging and meals and hence the total deduction is $9,400

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How did the role of the onondaga people differ from the roles of the other four trives of iroquois nation?
maxonik [38]

According to Articles 1 and 10, the role of the Onondaga differs from that of the other four Iroquois tribes because the Onondaga land is planted with a tree of peace and they are firefighters.

The Mohawks, the Oneidas, the Onondagas, the Cayugas, and the Senecas fought against each other. There was massive bloodshed and death all around us. These people of the five nations have forgotten their ways, and their deeds grieve the creator. The creator decided to send messengers so that the five nations could live in peace. The messenger is called Peacemaker.

Peacemaker was born on the north shore of Lake Ontario. There he grew up with his mother and his grandmother. They quickly realized that this young man was a special person. He always spoke of peace and said that the creator had given him a powerful message.

Learn more about Onondaga here :

brainly.com/question/25785890

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4 0
2 years ago
Assume a fixed cost for a process of $15,000. The variable cost to produce each unit of product is $10, and the selling price fo
Stels [109]

Answer:

1,000 units

Explanation:

The break even point refers to the number of units of a product a company would sell such that the company's sales is equal to the total cost.

The total cost includes the fixed and variable costs. As such, at break even point, net profit is zero.

Let the number of units be G

25G = 10G + $15,000

15G = $15,000

G = 1000 units

The number of units that has to be produced and sold to break even is 1,000 units.

6 0
3 years ago
Joe's Hardware is adding a new product line that will require an investment of $ 1,512,000. Managers estimate that this investme
Sati [7]

Answer:

6.05 years

Explanation:

Payback period is the time in which a project returns back the initial investment in the form of net cash flow. For this purpose we use the net cash flows to calculate the payback.

Payback working is attached with this answer please find it.

7 0
3 years ago
Which of the following should not be recorded in income and expenditure account?
kirill [66]

Answer:

C. honorarium paid to the secretary

Explanation:

6 0
3 years ago
Gross profit is equal to:
ehidna [41]

Answer:

The correct answer is letter "A": sales minus cost of goods sold.

Explanation:

Gross Profit is one of several important measurements of a company's profitability. Specifically, <em>it is derived from taking sales revenue and subtracting the costs of goods sold</em>. The costs of goods sold include the expenditures of raw materials and labor involved in making the products.

3 0
3 years ago
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