What are the options for this question?
Answer:
The Bluejay Apartments
1. Tax Effects of the following Alternatives:
i. $1,000 damage deposit with no rent prepayment
No tax will be paid by The Bluejay Apartments until the deposit will no longer be refunded.
ii. $500 damage deposit and $500 rent for the final month of the lease
Tax will be paid on the rental income of $500 and on the $500 if it will no longer be refunded. If it is taken as part of the rent income for a month, then tax will be paid on a total income of $1,000.
iii. $1,000 rent for the final two months of the lease and no damage deposit
Tax will be paid on the rent income of $1,000.
b) From a tax point of view, option i is recommended.
Step-by-step explanation:
According to the IRS, a security or damage deposit is not taxable when it is received by the landlord. It becomes taxable income when the landlord is no longer obligated to return it to the tenant. The reason a damage deposit is not taxed is that it is recorded as an asset and not an expense or income.
Answer:
Minimum 200 people other than the 2 charity representatives.
Step-by-step explanation:
Given that:
The venue can hold a maximum of 500 people.
Cost of venue = $1000
Per person cost for food = $20
Two charity representatives get to attend the dinner for free.
To find:
The inequality and to determine how many people must come to keep costs at most $25.
Solution:
Let the number of people attending the dinner = 
Cost of food for people = 
Total cost = $1000 +
Cost per person = Total cost divided by Number of people attending the dinner.
As per question statement:
Therefore, the answer is:
Minimum 200 people other than the 2 charity representatives should attend the dinner.
7 x 300 = 2,100 hope i helped and there are 21 hundreds in 2,100
Answer:
See answer(s) below
Step-by-step explanation:
$ 176.98 to nearest cent is $ 176.98
176.98 cents rounded to the nearest cent is 177 cents
