Charles sells computer hardware for a computer manufacturer. He is paid 4% for

Big Enos loves Coors beer but he lives in Georgia and nobody sells Coors east of Texas. So he offers to pay Cletus "The Snowman"

Alik [6]

Answer:

Snowman Expenses:

a) Income Tax deductible expenses:

Payment for 400 cases of beer = $10,000

Payment for fuel = $650

Total = $10,650

b) The expenses above are allowable because they are "ordinary and necessary expenses incurred in carrying on any trade or business." IRS Code 162.

c) The bribe paid to the Sheriff of $1,000 is not allowable under the same code.

d) Such payments are not allowable because, according to IRS Code 162 section C: 1 and 2, they are described as "Illegal bribes, kickbacks, and other payments" and "other illegal payments."

Step-by-step explanation:

a) According to the Internal Revenue Code 162 which details trade or business expenses, section A specifically state that "There shall be allowed as a deduction all the ordinary and necessary expenses paid or incurred during the taxable year in carrying on any trade or business, including—

(1)a reasonable allowance for salaries or other compensation for personal services actually rendered;

(2)traveling expenses (including amounts expended for meals and lodging other than amounts which are lavish or extravagant under the circumstances) while away from home in the pursuit of a trade or business; and ..."

b) Bribes are illegal payments prohibited by states law. Snowman paid the payment in order not to get his vehicle impounded and himself imprisoned, according to the Sheriff's threats. That he was over-speeding in order to meet his business appointment does not guarantee him the right to bribe a government official.

7 0

4 years ago

A pot of stew is placed on a stove to heat. The temperature of the liquid reaches 170°F, and then the pot is taken off the burne

belka [17]

Answer:

$T =84.7\°F$

Step-by-step explanation:

Newton's cooling model is:

$T(t) =T_0 + (T_i-T_0)e^{-kt}$

Where

t is the time in hours

$T_0$ is the ambient temperature

$T_i$ is the initial temperature of the body

$k=0.34$

We know that:

$T_0=76\°F$

$T_i=170\°F$

Then after 7 hours the temperature of the liquid will be:

$T(7) =76 + (170-76)e^{-0.34(7)}$

$T =84.7\°F$

7 0

3 years ago

When I think of a number, double it, then add 7, I get 25. What number did I think of? ( Hint: Let the number be x)o

vivado [14]

Hey there!

The answer is $9$

We will start by forming an equation to solve this.

So we are starting with a number, $x$ , then doubling it and adding $7$ , which gives us 25.

So:

$2x+7=25$

Now we solve this equation:

$2x+7=25$

$2x=18$

$x=9$

Have a super awesome day!

3 0

3 years ago

Read 2 more answers

<img src="https://tex.z-dn.net/?f=%5Cfrac%7Bx%7D%7B5%7D%20%3D%203" id="TexFormula1" title="\frac{x}{5} = 3" alt="\frac{x}{5} = 3

Kitty [74]

Answer: 15/5 = 3

Step-by-step explanation:

Let's solve your equation step-by-step.

x/5 = 3

Step 1: Multiply both sides by 5.

x/5 = 3

(x/5) times (5) = (3) times (5)

x = 15

Answer:

x = 15

Source: https://www.mathpapa.com/calc.html?q=x+y%3D7%2C%20x+2y%3D11

, Hope this helps :)

Have a great day!!

6 0

3 years ago

Read 2 more answers

A gumball machine contains 300 grape flavored balls, 400 cherry flavored balls, and 500 lemon flavored balls. What is the probab

Svet_ta [14]

Answer:

Pr(of getting 1grape ball, 1 cherry ball and 1 lemon ball) =0.20832

Step-by-step explanation:

Let the grape falvored ball be represented by G,

Cherry flavored balls be C

Lemon flavored balls be L

the possible order of picks for getting 1grape ball, 1 cherry ball and 1lemon ball are; GCL or GLC or CGL or CLG or LGC or LCG

Pr(of getting 1grape ball, 1 cherry ball and 1 lemon ball)

= Pr(GCL) or Pr(GLC) or Pr(CGL) or Pr(CLG) or Pr(LGC) or Pr(LCG)

with replacement we have;

Probability = $\frac{number of required outcomes}{number of possible outcomes}$

= $\frac{300}{1200}*\frac{400}{1200}*\frac{500}{1200} +\frac{300}{1200}*\frac{500}{1200}*\frac{400}{1200} +\frac{400}{1200}*\frac{300}{1200}*\frac{500}{1200} \\ \\+\frac{400}{1200}*\frac{500}{1200}*\frac{300}{1200} +\frac{500}{1200}*\frac{300}{1200}*\frac{400}{1200} +\frac{500}{1200}*\frac{400}{1200}*\frac{300}{1200}$

= 0.03472 + 0.03472 +0.03472 + 0.03472 + 0.03472 + 0.03472

=0.20832

3 0

3 years ago