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vladimir2022 [97]
4 years ago
8

Charles is a single person, age 35, with no dependents. In 2015, Charles has gross income of $75,000 from his sole proprietorshi

p. Charles also incurs $80,000 of deductible business expenses in connection with his proprietorship. He has interest and dividend income of $22,000. Charles has no itemized deductions. Charles's taxable income is
Business
1 answer:
r-ruslan [8.4K]4 years ago
6 0

Answer:

The correct answer is $7,650.

Explanation:

According to the scenario, the computation of the given data are as follows:

Gross income from business               $75,000

 Business deductions (Less)                $80,000

Interest and dividend income (Add)    $22,000

Gross income                                        $17,000

Standard deduction (Less)                   $5,700

Exemption (Less)                                  $3,650

Net  Taxable income                             $ 7,650

So, the net taxable income is $7,650.

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CA has nothing to do with FDI. Countries often engage in FDI in industries where the country they invest in has a comparative disadvantage.

When a nation's businesses make investments abroad, it promotes comparative advantage CA in the same sector at home.

What is comparative advantage -

The ability to create goods and services at a lower opportunity cost, not necessarily at a higher volume or quality, is referred to as having a comparative advantage.

What is FDI-

An entity based in another country makes an investment in the form of controlling ownership in a company in another country. This investment is known as a foreign direct investment (FDI).

Learn more about CA and FDI here:

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In a severe cases, it is seen as psychological abuse whereby the superior or supervisor exudes power over the junior or lower worker, this is seen in forms of intimidation and sometimes humiliation.

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The two fields with the highest educational requirements would need at least a Bachelor’s degree for an entry level position, while latter two fields would just need a high school diploma.

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