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Harlamova29_29 [7]
3 years ago
14

Vella owns and operates an illegal gambling establishment. In connection with this activity, he has the following expenses durin

g the year:
Rent $41,500
Bribes 62,250
Travel expenses 4,150
Utilities 24,900
Wages 356,750
Payroll taxes 20,750
Property insurance 2,075
Illegal kickbacks 37,350

Required:
What are Vella's total deductible expenses for tax purposes?
Business
1 answer:
amid [387]3 years ago
7 0

Answer and Explanation:

The total deductible expense is for tax purpose is shown below:

The income that is earned from gambling and winning lotteries via legal or illegal the same is to taxable

Also the nonrecorded and illegal expenses would be ignored

The following expenses should be considered as deductible

(1) Rent paid of $41,500

(2) Travel expenses  $4,150

(3) Utilities of $24,900

(4) Wages $356,750

(5) Payroll Taxes $20,750

(6) Property insurance $2075

Bribes and illegal kickbacks are not taxable

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Marty is collaborating with collegues to plan a surprise party for their boss. Marty does not add an ideas to the party but choo
Oksi-84 [34.3K]

Answer:

a passive

Explanation:

Passive behavior is when an individual decides not to act or react but follow what others want. In passive, an individual does not express their feeling or thoughts. They remain inactive and allows others to take control. behavior

Marty attended the meeting but decided not to make any contributions. By deciding to follow the flow, he exhibited passive behavior. Marty felt angry because he failed to express his honest feelings, thoughts, and beliefs. He violated his rights to speak and be heard.

3 0
3 years ago
Hueblue software, an application provider to the gaming industry, decided to enhance its portfolio by developing motion-control-
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Answer:

b) product differentiation

Explanation:

Based on the scenario being described it can be said that the competitive strategy that Hueblue software is implementing is known as product differentiation. This strategy focuses on making sure that the product that a particular company offers is unique and different from it competitor's products in order to make it more desired by a particular target market. Which is what Hueblue is doing by developing motion-control-enabled games which it's competitors do not have.

7 0
4 years ago
Consider an economy with only two goods: bread and wine. In the base year, the typicalfamily bought 4 loaves of bread at $2 per
Inessa05 [86]

Answer:

The CPI for the given year is 123.

Explanation:

Consumer price index (CPI)

=\frac{\textrm{cost at given year}}{\textrm{cost at  base year}}

In the base year, the typical family bought 4 loaves of bread at $2 per loaf and 2 bottles of wine for $ 9 per bottle.

Cost at base year =$[(4×2)+(2×9)]

                             =$26

In a given year, bread cost $3 per loaf and wine cost $10 per bottle.

Cost at given year =$[(4×3)+(2×10)]

                              =$32

The CPI for the given year is

=\frac {32}{26}\times 100

≈123

4 0
3 years ago
A Super Happy Fun Ball is dropped from a height of 10 feet and rebounds 13/14 of the distance from which it fell. How many times
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Answer:

32

Explanation:

First bounce = 13 / 14 × 10 = 130 /14

using geometric progression where the common ratio = 13/14, the first bound = 130/14

ar^n-1 < 1

substitute the values into the equation

130 /14 × 13/14^(n-1) < 1

(13/14)^n-1 < 1÷ (130/14)

(13/14)^n-1 < 14 / 130

take log of both side

log (13 /14)^n-1 < log ( 14/130)

n-1 log (13 /14) < log  ( 14/130)

since log (13/14) negative

n-1 > (log( 14/130)) ÷ ( log (13/14)

n - 1 > 30.07

n > 30.07 + 1 > 31.07

The 32 bounce will the first less than 1 foot

3 0
3 years ago
Euphrasia, a mixed open​ economy, was severely affected by a recession that almost paralyzed its service sector. The Euphrasian
Flura [38]

Answer:

E) Oil imports declined as countries exporting oil reduced supply.

Explanation:

Oil is extremely important for industrialized nations and since Euphrasia is a mixed open economy, we can assume that it is an industrialized nation. Oil has become the most important energy source for more than 60 years and is the raw material for manufacturing plastic.

During the 1970s and early 1980s the American economy was shattered by an increase in the price of foreign oil and a decrease in its domestic production levels. The importance of oil is also why so many modern wars have been fought over oil production and reserves.

4 0
3 years ago
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