Answer and Explanation:
The total deductible expense is for tax purpose is shown below:
The income that is earned from gambling and winning lotteries via legal or illegal the same is to taxable
Also the nonrecorded and illegal expenses would be ignored
The following expenses should be considered as deductible
(1) Rent paid of $41,500
(2) Travel expenses $4,150
(3) Utilities of $24,900
(4) Wages $356,750
(5) Payroll Taxes $20,750
(6) Property insurance $2075
Bribes and illegal kickbacks are not taxable
Answer:
GDP deflator in 1995 was 104.11
GDP deflation rate in 1995 was 4.11%
Explanation:
GDP deflator is a term referring to a measure of level prices of domestically produced final products in an economy.
We have the formula as follow:
GDP deflator = 100 x 
So that, replace the formula with data, GDP deflator in 1995 can be calculated as follow:
GDP deflator = 100 x (4220.3/ 4053.7) = 104.11
=> GDP deflation rate was: 4.11%
The answer should be A, as grants and scholarships are easier to attain
Federal reserve notes are the marks on money like the serial number, U.S emblems, and the signatures. They show that the money is an American Dollar.
Flow to Equity (FTE) is the approach to capital budgeting that discounts the after-tax cash flow from a project going to the equity holders of a levered firm.
An alternative capital budgeting strategy is the flow to equity (FTE) or free cash flow approach. The FTE approach merely requires that equity capital be discounted at the cost of the cash flows from the project to the equity holders of the leveraged firm. The amount of cash that a company's equity shareholders have access to after all costs, reinvestment, and debt repayment is taken into account is known as flow to equity. Free Cash Flow to Equity (FCFE) is calculated as Net Income - (Capital Expenditures - Depreciation) - (Change in Non-cash Working Capital) - (Change in Non-cash Equity) + (New Debt Issued - Debt Repayments) This is the cash flow that can be used to repurchase stock or pay dividends.
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