Transferring risk is a strategy that involves contractually shifting risk from one party to another. ... Other methods of transferring risk to another party or entity include contractual agreements or requirements and hold harmless agreements.
Answer:
22.98%
Explanation:
Here, the current entry means the ratio between the long term debt and the total assets
In mathematically,
= Long term debt ÷ total assets
where,
Total assets = Account receivable + cash + inventories + net fixed assets
= $397,400 + $47,500 + $288,000 + $999,000
= $1,731,900
And, the long term debt is $398,024
Now put these values to the above formula
So, the ratio would equal to
= $398,024 ÷ $1,731,900
= 22.98%
Answer:
A) Katie's maximum deduction is $200,000 x 20% = $40,000
But we must check that her deduction meets 3 requirements:
- cannot exceed 50% of her earned wages = $300,000 x 50% = $150,000 ✓ requirement met
- cannot exceed 25% of her earned wages + 2.5% of qualified property = ($300,000 x 25%) + ($150,000 x 2.5%) = $78,750 ✓ requirement met
- cannot exceed 20% of taxable income = $400,000 x 20% = $80,000 ✓ requirement met
B) Katie's maximum deduction is $400,000 x 20% = $80,000, but since her net business income is higher than her taxable income, she must calculate 20% x $350,000 (taxable income) = $70,000 (same as requirement 3 in previous answer)
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When we say informal sectors, these are organizations that are excused from being taxed or monitored by the government. In this sector, their activities are not part of the <span>gross national product and gross domestic product. Although this kind of economy has some negative impact for some, it can be effective and also helpful in providing jobs especially for the poor ones.</span>
