<u>All that applies to be in existence of a partnerships are:</u>
- Sharing of profits or loses
- joint ownership of the business
- equal right to be involved in the management of the business.
Option B, C and D.
<u>Explanation:</u>
Partnerships is an agreeable association of any 2 members or more than two members to pursue any business co-relatively together, as a profit business. Therefore, the essentials of a partnerships are most importantly joint ownership of the business as the business of profit must be jointly held by the partners.
Other essentials include the equal right to be involved in the management and enjoying the shares of the profits as well as suffering the share of the losses in the business co- owned.
If it is a binding price floor, when the law is repealed, quantity demanded increases and quantity supplied decreases.
If it is a binding price ceiling, when the law is repealed, quantity demanded decreases and quantity supplied increases.
<h3>What is a price floor and a price ceiling?</h3>
A price floor is when the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.
Price ceiling is when the government sets the maximum price for a product. It is binding when it is set below equilibrium price.
To learn more about price floor, please check: brainly.com/question/26551616
Answer:
The correct answer is letter "E": All of the above may be deductible as itemized deductions
.
Explanation:
Itemized deductions can be deducted from the Adjusted Gross Income (AGI) as long as they are eligible expenses on products, services or contributions. They allow the taxpayer to pay less in contrast to the regular deduction method. Itemized deductions may include but are not limited to personal taxes, medical expenses, interest, charitable gifts, casualty losses, and state and local taxes.