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Varvara68 [4.7K]
3 years ago
6

Which of the following is true about the self-employed health insurance deduction? a. Medical insurance is allowed as a deductio

n, subject to a dollar limitation. b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation. c. The cost of insurance for dependent children is not allowed. d. Dental insurance is not part of the allowable deduction. e. Life insurance is allowed as a deduction.
Business
1 answer:
Luden [163]3 years ago
3 0

Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

Explanation:

Long-term care insurance is designed to provide daily benefit to the holder when he is in need of assistance do some activities related to daily living such dressing, eating, bathing, and among others.

It is possible for self employed to qualify to deduct 100% of the premium paid for long-term care insurance subject to the maximum of 2020 age-based eligible premium amounts as provided below:

Age 40 and below = $430

Age 41 - 50 = $810

Age 51-60 = $1630

Age 61-70 = $4350  

Age 71 and over = $5430

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Firms typically repurchase office supplies (paper, ink cartridges, pens, etc.) through straight rebuys on their supplier's websi
Akimi4 [234]

Answer: The options are given below:

A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

B. Yes; history has shown that online reordering can't be trusted.

C. Yes; straight rebuys require a lot of the sales rep's assistance.

D. No; this is a waste of time since straight rebuys are straightforward and easy to handle.

E. No; the sales rep should be looking for new customers instead.

The correct option is A. Yes; the sales rep might learn about a new opportunity in the need recognition stage.

Explanation: Maintaining a strong relationship with customers is very vital to a business. This is because a sales rep will get current, up-to-date, and firsthand information from customers about their changing needs and this will better equip the sales rep to meet the dynamic needs of customers promptly.

For instance, a customer might decide to increase the quantity of inks to be bought, this need recognition opportunity can only be known to the sales rep if the sales rep has always been in touch with the customer.

7 0
2 years ago
Project management is no longer considered a special-need management tool; thus, learning project management skills is personall
svlad2 [7]

Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

<h3>What type of skills are transferable?</h3>

Transferable skills are known to be called  portable skills

These are known to be skills that a person often  take with them from one job to another. An example is a person's ability to clearly talk about ideas to others, solve unexpected issues, etc.

Therefore, Project management is no longer considered a special-need management tool; thus, learning project management skills is personally useful because The skills and tools can be easily transferable.

Learn more about Project management from

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8 0
2 years ago
LO 1.3The Certified Management Accountant (CMA) certification:
Bezzdna [24]

Answer:

includes a two-part exam, education requirements, and a work experience requirement

Explanation:

The CMA certification requires a minimum of a bachelor's degree, at least a two year work experience and passing a two part exam with at least 50%.

CMA focuses on financial analysis, budgeting, and strategic assessment.

I hope my answer helps you.

8 0
2 years ago
In 2016, due to a change in marketing forecasts, Barney Corporation reduced the projected life of its patent for producing round
Effectus [21]

Answer:

(C) Unaffected.

Explanation:

This is a change in estimate. No prior period adjustment is needed.

3 0
3 years ago
Two towns, each with three members, are deciding whether to put on a fireworks display to celebrate the new year. fireworks cost
Burka [1]
1) Town of Bayport:
We have that the residents value the fireworks at a total of 50+100+300=450$. That is the utility they gain. But they would also have to pay 360$ for the fireworks. The total outcome is 450$+(-360$)=90$. Hence, the outcome is positive and the fireworks pass the cost benefit analysis.

If the fireworks' cost is to be split equally, we have that each of the 3 residents has to pay 360/3=120$. Let us now do the cost-benefit analysis for everyone.
Jacques stands to gain 50$ from the fireworks but would have to pay 120$. He will vote against it.
Also, Kyoko will gain 100$ but would have to pay 120$. He will lose utility/money from this so he will vote against.
Musashi on the other hand, would gain 300$ and only pay 120$. He is largely  benefitted by this measure. Only he would

We have that 2 out of the 3 would vote against the fireworks, so that the fireworks will not be bought. The vote does not yield the same answer as the benefit-cost analysis.

2) Town of River Heights:

We have that the total value of the fireworks to the community is 20+140+160=320$. The total value of the fireworks is lower than their cost so their cost benefit analysis yields that they should not be bought.

However, let's see what each resident says. The cost to each resident is 360/3=120$. Rina is against the fireworks since she will only gain 20$. Sean and Yvette are for the fireworks since they gain 140$ and 160$ respectively, which are larger than the cost of the fireworks to each of them (120$). Hence, 2 will vote for the fireworks and one will vote against and fireworks will be bought.

Again, the vote clashes with the cost-benefit analysis.

3) The first choice is wrong. It is very difficult for a government to provide the exact types of public goods that everyone wants because that would be too costly; one cannot have a public good that everyone pays for so that only a couple of people enjoy it. In our example, we saw that in every case, a public good and its production would have sime supporters and some adversaries.

Majority rule is not always the most efficient way to decide public goods; as we have seen in the second case, the cost-benefit analysis yields that the fireworks are not worth it but they are approved by the majority nonetheless.

The final sentence is correct. The differing preferences of the people make a clearcut choice impossible and the government has to take into account various tradeoffs and compromises in order to determine which public goods to provide.
3 0
3 years ago
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