Answer: Most tax breaks reduce taxable income, but reducing taxable income below zero does not reduce the tax bill.
Explanation:
Tax breaks can be used to reduce your taxable income sometimes all the way to zero. This however simply means that you don't have to pay income tax but does not mean that there won't be other taxes to pay.
Because of these additional taxes left to pay, a person will still pay certain taxes even if their taxable income is below zero. Tax expenditures therefore do not help much with a federal tax bill of zero.
Answer:
You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:
- the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for preparing purchase offers, and other related services
You should expect the following when you sign an exclusive contract with a real estate agent as a seller:
- the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
- the agent is responsible for reviewing the paperwork
- the agent is also responsible for negotiating purchase offers
Private Employers.
The Right to know law discusses workers rights to know about dangerous chemicals/substances in the workplace and is overseen by OSHA ..
Answer:
The rate of return expected on this project by Cold Goose Metal Works Inc. is 15.20%
Explanation:
Since flotation cost is 4% that implies that $500,000 is actually 96% (100%-4%) of the cash proceeds from the capital funding,hence funds raised is computed thus:
funds raised=$500,000/0.96=$520,833.33
Annual return on investment=cash inflow-initial cash outflow
cash inflow is $600,000
cash outflow is $520,833.33
annual return on investment=$600,000-$520,833.33=$79166.67
rate of return on project=annual return on investment/initial investment
=$79,166.67
/$520,833.33*100=15.20%
The rate of return that Cold Goose Metal Works Inc is 15.20%
