Answer:
Explanation:
Deductible state income tax = $3,500 + $750 = $4,250
A political party is not a qualified charitable organization and it does not qualify for deductible charitable contributions.
The first way to use credit wisely is to pay back the credit company on time. the second way to use credit wisely is to not overspend.
Answer:
$471,000.
Explanation:
Using percentage of revenue method calculating amortization rate:
$3,102,000 / ( $3,102,000 + $7,238,000 ) = 30%
The amortization of development cost of Axcel software will be the cost after 30 June 2021 when project reached technological feasibility till product release date which is $1,570,000.
Amortization of software development costs for year 2022 :
$1,570,000 * 30% = $471,000.
Answer:
The total investment in the economy is $50 million
Explanation:
The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports)
Using this formula we can determine the amount of investment.
Investment = 500 (GDP) - 300 (private consumption) - 150 (government spending) = $50.
