Explanation:
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A deduction from adjusted gross income for yourself, your spouse, and qualified dependents is: an exemption. The Form 1040 is most helpful to a person who: itemizes deductions
Answer:
c. you need a lot of money to buy a home
Explanation:
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Answer:
Indenture; convertibility provision
Explanation:
Indenture refers to a legal contract that bounds the bondholder and the issuer. This contract specifies important features of the bond like its type (convertible or callable), maturity date, interest payment time and rate. In other words, it includes all the terms and conditions related to the issue of bond.
One of the types of bonds is convertible bonds. Due to the provision of convertibility, these bonds can be converted to a stipulated number of common shares that are decided in advance.
Answer:
Unit product cost= $204
Explanation:
Giving the following information:
Number of units produced 10,700
Variable costs per unit:
Direct materials $108
Direct labor $51
Variable manufacturing overhead $7
Fixed manufacturing overhead $417,300
Under the absorption costing method, the unit product cost is calculated using the direct material, direct labor, and total unitary overhead.
First, we need to calculate the unitary fixed manufacturing overhead
unitary fixed manufacturing overhead = 417,300/10,700= $39 per unit
Unit product cost= 108 + 51 + 7 + 39= $204
The government wants to impose the smallest excess burden possible. My recommendation would be to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.
Explanation:
- To increase tax revenue it can either increase the property tax on residential property or increase the property tax on all property. The government wants to impose the smallest excess burden possible.
- to increase the property tax only on residential property because taxpayers are allowed to deduct property taxes from federal income tax inability, thus reducing the amount they must pay in federal taxes.
- The examples of federal taxes are,
- The Income taxes. Income taxes can be charged at the federal, state and local levels.
- The Sales taxes. Sales taxes are taxes on goods and services purchased.
- Payroll taxes.
- Property taxes.
- Estate taxes,etc
