1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
GREYUIT [131]
3 years ago
14

Partnerships operate as both an entity and as a collection of individuals. When it comes to taxes, partnerships are a (an) _____

______ and ___________
Business
1 answer:
Arte-miy333 [17]3 years ago
8 0

Answer:

The correct answers are "collection of individuals " and "pay no income tax".

Explanation:

A partnership itself does not pay income taxes directly. The partnership files an information return that allows it not to pay the income directly. However, while the partnership itself is not taxed on its income, each partner is taxed on his or her share of the partnership's income.

Have a nice day!

You might be interested in
Does a credit card provide a preapproved credit.
ExtremeBDS [4]

Answer:

Several credit card issuers offer a pre-qualification or preapproval process that lets you avoid that hit to your scores, at least initially.

Explanation:

6 0
3 years ago
The Weber Company purchased a mining site for $1,750,000 on July 1. The company expects to mine ore for the next 10 years and an
AlladinOne [14]

Answer:

The correct solution is "$26,000".

Explanation:

The given values are:

Cost

= $1,750,000

Salvage value

= $150,000

First Year Extraction

= 6,500

Total Extraction

= 400,000

Now,

⇒ Depletion \ Expense = (Cost - Salvage \ value)\times (\frac{First \ Year \ Extraction}{Total \ extraction} )

On putting the values, we get

⇒                                = (1,750,000 - 150,000)\times (\frac{6,500}{400,000} )

⇒                                = 1,600,000\times 0.01625

⇒                                = 26,000 ($)  

4 0
4 years ago
Typical housing lease may require a tenant to
Oxana [17]
There is a lot of things that a typical lease might include such as

1. Do not remodel, whether it be construction or a paint job without consent from your landlord
2. Pets are either not allowed, only certain pets are allowed, there would be limit to how many pets you coukld have or there will be a fee per pet.
Also, sometimes bully breeds are completely prohibited.
3. Create a payment plan prior to moving in

those are just a few. lemme know if u need more examples! hope i helped
5 0
4 years ago
Assume that you purchased a $1,000 convertible corporate bond. Also assume the bond can be converted to 30.303 shares of the fir
gayaneshka [121]

Answer:

The dollar value that the stock must reach before investors would consider converting to common stock is $33.

Explanation:

stock price for conversion = $1000/30.303

                                            = $33

Therefore, The dollar value that the stock must reach before investors would consider converting to common stock is $33.

4 0
4 years ago
Phillis and Trey are married and file a joint tax return. For 2018, they have $4,800 of nonbusiness capital gains, $2,300 of non
nadezda [96]

Answer:

$21,000

Explanation:

NOL, Phillis and Trey's taxable income must be adjusted by:

= Standard deduction - (Interest income + Net non business capital gain)

= $24,000 - [$500 + ($4,800 - $2,300)]

= $24,000 - ($500 + $2,500)

= $24,000 - $3,000

= $21,000

Therefore, the NOL, Phillis and Trey's taxable income must be adjusted by $21,000.

6 0
3 years ago
Other questions:
  • 1. In a market served by a monopoly, the marginal cost is $60 and the price is $110. In a perfectly competitive market, the marg
    15·1 answer
  • Which method is used to compute depletion?a. Double-declining-balance methodb. Straight-line methodc. Depletion methodd. Units-o
    7·1 answer
  • Discuss the important issues that need to be considered while proofreading and checking a business document?
    15·1 answer
  • After a genetics experiment on 61 pea​ plants, the number of plants having certain characteristics was​ tallied, with the result
    10·1 answer
  • In​ ______ cycle​ theory, fluctuations in both investment and consumption​ expenditure, driven by fluctuations in the growth rat
    8·1 answer
  • A judge requires Harry to make a payment to Sally. The judge says that Harry can pay her either $10,000 today or $12,000 two yea
    9·1 answer
  • At August 31, Oriole Company has a cash balance per books of $9,900 and the following additional data from the bank statement: c
    13·1 answer
  • NeXL
    8·1 answer
  • If the consumer price index increases from 200 to 240 in a one-year period, then the inflation rate is
    9·1 answer
  • what two actions should a call center technician avoid when dealing with an angry customer? (choose two.)
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!