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dezoksy [38]
4 years ago
6

What is the IRS method of allocating expenses between rental use and personal use?

Business
1 answer:
lidiya [134]4 years ago
3 0

Answer:

Schedule E- Allocation of Rental and Personal Expenses.  

Explanation:

Hello so I am gonna assume your talking about what I said above if you use your dwelling unit for both rental and personal purposes, divide your expensive  between the rental use and the personal use based on the number of days used for each purpose.

Hope this helps :)

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The wh approach provides future business managers with _____.
iren2701 [21]
<span>The WPH approach is crucial in helping future business leaders implement sustainability and ethical practices into their new businesses. In doing so, the goal is to ensure that business owners undertake ethical and legal practices in their business operations.</span>
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3 years ago
If a gain of $11,000 is realized in selling (for cash) office equipment having a book value of $55,000, the total amount reporte
RideAnS [48]

Answer:

The answer is B. $66,000

Explanation:

What are the items under investing activities of cash flow? - Sale and purchase of long-term assets or non-current assets. Purchase is an outflow while sale is an inflow.

The book value of the sold equipment was $55,000 and gain was $11,000. Therefore the equipment was sold for:

$55,000 + $11,000

=$66,000.

So there was an inflow of $66,000.

The $11,000 gain will be shown under operating section of the cash flow.

4 0
4 years ago
2. Why might this be the perfect advice for beginning investors?
soldi70 [24.7K]

Explanation:

Getting the right education is one of the best pieces of advice I would send to someone who is only learning to invest. Investing is all about purchasing firms that you know and appreciate, that have a strong competitive edge, and that have a solid management team, all at a decent price.

8 0
3 years ago
Tami Strand’s regular hourly wage rate is $10, and she receives an hourly rate of $20 for work in excess of 40 hours. During a J
Simora [160]

Answer:

Gross earnings = $600

Net pay = $466.10

Explanation:

The computation of the gross earnings and the net pay is shown below:

Gross earnings

40 hours × $10 = $400

10 hours × $20 = $200

So, the total = $600

Since tami worked for 50 hours, 10 hours extra so $20 is paid for 1 hours extra. So, for 10 hours it would be $200

Net pay

Gross earnings                                     $600

less: federal income tax withholding   -$88

Less: FICA tax rate @7.65% on $600 - $45.90

Net pay                                                    $466.10

6 0
4 years ago
Accounts receivable, net of the allowance for doubtful accounts is called:.
charle [14.2K]

Accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

<h3>What is net realizable value?</h3>

Net realizable value is the method of knowing the value of asset that is held as inventory. The purpose of this method is to avoid overstating or understating the value of an goods in inventory.

The net realizable value is the result of deducting the costs incurred in selling the goods from its selling price.

Hence, accounts receivable, net of the allowance for doubtful accounts is called  net realizable value.

Learn more about net realizable value here : brainly.com/question/794345

6 0
3 years ago
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