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JulsSmile [24]
3 years ago
11

Name the written test a potential driver must pass and list the minimum required score to earn a learner’s license.

Business
1 answer:
emmasim [6.3K]3 years ago
4 0

In order to obtain a learners permit, teen drivers are required to pass a written test. Typically they will prepare for this exam by completing a drivers education course. Though not a requirement in all states, drivers ed is the easiest way to be thoroughly prepared for the complicated driving laws and scenarios you’ll face on the permit exam. Once you pass your permit test and earn a permit, there may still be certain restrictions attached to this provisional license — such as requiring a licensed driver over a certain age to be seated in the passenger seat, limiting your driving to daylight hours, and other state-mandated rules.<span>

General United States Permit Requirements

While each state has its own set of guidelines, in general, teens between 14 and 18 years of age can start the drivers education and learners permit process. Once a teen driver has obtained a learners permit, there are additional state-specific requirements they must meet before they can apply for their drivers license.

<span>Before obtaining a learners permit in any state, a teenager is required to pass a driving knowledge test. Drivers education is the best way for a teen to prepare for this exam, whether the state requires it or not. In some cases, passing a drivers ed final exam can substitute for the written exam. No matter how the test is taken, students must pass with at least a 70% or higher, depending on that state’s minimum. Once he or she passes, a teen driver will be issued a learners permit. Some states require teen drivers to have a permit for a minimum of 6 months before they can take their drivers license exam.</span></span>

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On January 1, 2020, Klosterman Company issued $500,000, 10%, 10-year bonds at face value. Interest is payable annually on Januar
Ede4ka [16]

Answer and Explanation:

Journal entry to record the issuance of the bonds.

A.

Jan 1

Dr cash $500,000

Cr bonds payable $500,000

B. Journal entry to record the accrual of the interest

Dec 31 2020

Dr Interest expense $25,000

Cr Interest Payable $25,000

C. Journal entry to record the payment of interest on January 1, 2021.

Dr Interest expense $25,000

Cr Cash $25,0000

Interest expense $500,000×10%×1/2=$25,000

3 0
3 years ago
When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $
Novosadov [1.4K]

Answer:

$5,360

(not given in the options)

Explanation:

Depreciation is the systematic allocation of cost to an asset based on estimates. It is given as

Depreciation = (cost - salvage value)/useful life

When originally purchased, a vehicle costing $23,040 had an estimated useful life of 8 years and an estimated salvage value of $1,600

Annual depreciation = ($23,040 - $1,600)/8

= $2,680

After 4 years

Accumulated depreciation = 4 × $2,680

= $10,720

The net book value then

= $23,040 - $10,720

= $12,320  

Since the asset's total estimated useful life was revised from 8 years to 6 years and there was no change in the estimated salvage value

New depreciation = ($12,320  - $1,600)/2

= $5,360

The depreciation expense in year 5 equals $5,360

8 0
3 years ago
Explain . does consumption being contentment?
Vlad1618 [11]

Answer: No.

Explanation: Consumption is not contentment because one can consume something without been satisfied of that either because it wasn't what was expected as in the taste.

8 0
3 years ago
Simon graduated from Lessard University last year. He financed his education by working part-time and borrowing $16,000. During
elena55 [62]

Answer:

a.

$1,400

b.

$280

Explanation:

According to Internal Revenue code the interest expense can only be deductible as adjusted gross income deduction, if the qualified education loan is used only for study credit, higher educational expenses like enrollment in the course, cost of books and accommodation cost.

a.

The maximum allowable interest deduction is $2,500.

Amount of Interest paid on the educational loan $1,400

Allowable deduction is Lesser of

  • maximum allowable interest deduction of $2,500.
  • Interest Payment on educational loan of $1,400.

b.

Adjusted Gross Income $77,000

Formula

Educational Interest rate = (AGI - $65,000) / $15,000

Placing values in the formula

Educational Interest rate = ($77,000 - $65,000) / $15,000

Educational Interest rate = 1.13 = 0.8%

Allowable interest deduction = [ (lesser of interest deduction or interest payment on the educational loan) x ( 1 - Educational interest rate)

Allowable interest deduction = $1,400 x ( 1 - 0.8 ) = $280

5 0
3 years ago
if you choose between two summer jobs, what is the one you do not choose called? b. opportunity cost c. decision at the margin d
aleksandr82 [10.1K]
Opportunity cost because it was an option but not the right choice
8 0
3 years ago
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