Answer:
1. d. Both a and c.
2. True.
Explanation:
Marsha and Shelby both are U.S. citizen. Marsha can claim Income credit once she is 25 years older up to 65 years of age. The individual below 25 years of age cannot claim income credit according to the tax law prevailing in U.S.
Answer:
PV= $37,204.70
Explanation:
Giving the following information:
Interest rate= 6% compounded semiannually= 0.03
Future value= $50,000
Number of periods= 5*2= 10
To calculate the initial investment to reach the objective, we need to use the following formula:
PV= FV/(1+i)^n
PV= 50,000/(1.03^10)
PV= $37,204.70
Answer: Master limited partnership
Explanation:
A master limited partnership also referred to as a MLP, is known as a limited partnership which is publicly traded on an exchange. A Master Limited Partnership tends to combine the tax benefits or advantages from a limited partnership with its liquidity that are the publicly traded securities such as stocks and bonds offer. A MLP tends to pays taxes like every other partnerships, thus by passing profits through to individual, and also accounting for these profits on owner's tax return.
Answer:
Explanation:
What is given:
Budgeted overhead = 175,500
Budgeted labour hours = 13,000
So Budgeted overhead per hour = 175500/13000 = 13.5
Actual labor hours = 14,500
Amount of manufacturing overhead allocated for the year based on direct labour hours = 14,500*13.5 = 195,750
