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4 years ago

In terms of the tax formula applicable to individual taxpayers, which of the following statements, if any, is correct?

Business

1 answer:

creativ13 [48]4 years ago

7 0

Answer:

The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.

Explanation:

In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.

In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.

The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.

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This year Barney purchased 680 shares of bell com stock for $11.00 per share. At year-end the bell shares were only worth $2.20

Damm [24]

Purchased shares = 680 shares * $11.00 ($7,480)
Year-end shares worth = 680 shares * $2.20 ($1,496)
Loss of shares = $7,480 - $1,496 ($5,984)

OR

Loss in shares price= $11.00 - $2.20 ($8.80)
Loss of shares = 680 shares * $8.80 ($5,984)

Barney can deduct $5,984 as the amount of loss of this year.

4 0

3 years ago

These organization tend to be larger in size and small in numbers.

lesya692 [45]

Answer:

Alternative D

Explanation:

Because proprietorships are usually huge organizations that in a quantitive way is a few

4 0

3 years ago

What is the difference between general and applied ethics

Snezhnost [94]

Answer:

The answer is below

Explanation:

Both General ethics and Applied Ethics are part of philosophical knowledge in understanding humans and their society.

Hence, the difference between general and applied ethics is:

General ethics is a philosophical term that is used to describe the theory of values in human activities. It deals with answering the controversial questions of human morality by establishing the idea of good and evil, right and wrong.

On the other hand, Applied Ethics is a term used in philosophy to describe a branch of ethics that is established to answer the issue of moral dilemmas, strategies, and operations in individuals' life, organizations, technology, and state.

5 0

3 years ago

You have established a new business in your neighbourhood

Arisa [49]

Answer:

Try to Advertise and Get connections with people in your local community

Explanation:

.................

8 0

3 years ago

Merton's Toothpaste has been the leader of dental care products for about 40 years. However, this company relied too long on its

ratelena [41]

Answer:

Core rigidity

Explanation:

According to a different source, these are the options that come with this question:

resource ﬂow.
dynamic capabilities.
core rigidity.
value chain.

This is an example of core rigidity. Core rigidity refers to a situation that can arise in business in which a company relies on its advantages for too long. Companies that find themselves stuck due to core rigidity usually do not improve themselves. Moreover, they tend to become obsolete and often struggle to compete with other firms that are more adaptable or innovative than them.

5 0

4 years ago

Read 2 more answers