Answer:
Excess loss business is a situation where deduction exceeds the total income, like given in the above situation.
As per IRS for 2019,
New limitation is $150,000 of the disallowed business loss would be carried forward to 2019 as an additional NOL .
Therefore,
1) Tim has excess business loss of $ 205000
($580000 - $ 225000- $150000)
2) Tim may use $150000 of the $355000.
Answer:
$20.80 and $29.61
Explanation:
The computations are shown below:
Current price is
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend is
= $1.20 + $1.20 × 4%
= $1.20 + $0.048
= $1.248
So, the current price is
= $1.248 ÷ (10% - 4%)
= $20.80
Now the price in 10 years is
= Next year dividend ÷ (Required rate of return - growth rate)
where,
Next year dividend is
= $1.20 × 1.04^10
= $1.20 × 1.4802442849
= $1.7762931419
So, the price in 10 years is
= $1.7762931419 ÷ (10% - 4%)
= $29.61
Answer and explanation:
Democracy is the state in which individuals of a community make decisions collectively being the interest of most people prioritized. A pure form of democracy is difficult to find even in countries that highly promote equal rights such as the United States.
The Democracy Index is a composite that measures democracies in 167 countries scoring them from 1 to 10 (10 is the highest grade). In 2019, The U.S. was positioned in the 25th place in the list of most democratic countries. <em>Norway </em>is placed in the first place followed by <em>Iceland</em>.
In such a case, <em>we should recommend our friend to take a look at the Democracy Index where he or she will find out that the U.S. is not one of the fairest nations in the world. Its government functioning and political participation are aspects where the U.S. needs improvement.</em>
Answer:
Some minimum wage workers will be better off since they will earn a higher salary, people are happy when they earn more money.
But other minimum wage workers may be worse off, since the quantity demanded for minimum workers will decrease, so it will be harder for them to find new jobs and some currently working might even get fired.
Basically all the fast food restaurant owners will be worse off, since they are forced to pay a higher than equilibrium price for labor, so their profit margins will be reduced.
Answer:
$3,449.33
Explanation:
Data given in the question
Earning per hour = $12.00
Number of hours work in each week = 38
Matilda earning amount bi-weekly = $680
So by considering the above information, the combined monthly qualifying income is
= Earning per hour × Number of hours work in each week × total number of weeks in a year ÷ total number of months in a year + Matilda earning amount × biweekly basis
= $12 × 38 hours × 52 weeks ÷ 12 months + $680 × 26 weeks ÷ 12 months
= $1,976 + $1,473.33
= $3,449.33
