Answer:
A. $440,000
B. $460,000
Explanation:
a. Calculation for the amount deductible under the cash method taxpayer
Using this formula
Amount Deductible =Actual payments *Number of Shareholders
Let plug in the formula
Amount Deductible = ($220,000 × 2)
Amount Deductible =$440,000
Therefore the amount deductible under the cash method taxpayer will be $440,000
b. Calculation for the amount deductible under the accrual method taxpayer
Using this formula
Amount Deductible = Amount paid to each shareholder-employee +Each shareholder annual salary
Let plug in the formula
Amount Deductible = $220,000+$240,000
Amount Deductible = $460,000
Therefore the amount deductible under the accrual method taxpayer will be $460,000
Answer: 2016 = 28.18 %
2017 = 40.03 %
Explanation: Cost of goods sold as a percentage of net sales can be calculated as follows :-
so by putting the values into equation for the two years :-
year 2016
= 28.18 %
year 2017
= 40.03 %
Answer:
yes
Explanation:
Most pizza delivery drivers are considered to be employees of the company for which they drive. ... As such, your accident and subsequent injuries should be covered under the auspices of the company's workers' comp.
Answer:
E. the income effect
Explanation:
Based on the scenario being described within the question it can be said that Rodi has observed the impact of the income effect on demand for his service. This effect describes the change in demand for a specific product or service that has been caused by the change in the consumer's purchasing power due to changes in that same customer's current income.
Answer:
A bank run occurs when a large number of customers of a bank or other financial institution withdraw their deposits simultaneously over concerns of the bank's solvency. As more people withdraw their funds, the probability of default increases, prompting more people to withdraw their deposits.