Answer:
Explanation: B Food Products & Processing Systems
Materials are any single item utilized when conducting scientific experiments. Apparatus is a collective group of items combined to perform experimental projects that do not have consumption. An example of a material would be water. Examples of apparatus would be thermometers or other instruments.
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Answer: $1,355.41
Explanation:
Business expense deductible:
= Adjusted Cost of gasoline + Depreciation
As Ryan can only provide documentation for 1,300 miles, this is what the deductible will be based on:
= (Cost of gasoline * Documented miles for business / Estimated miles for business) + (Depreciation * Documented miles for business / Total miles travelled)
= (1,920 * 1,300 / 2,260) + (3,900 * 1,300 / 20,200)
= $1,355.41
Using the cpi in 2013, of 233 and in 1998 of 163, divide 233/163=1.43 x 100=$143 the cost in 2013 of the same baby shower item as in 1998. In other words the purchasing power of the $1 decreased over this time period to account for this.
Answer:
No answer is correct.
If we use the values set by the IRS for 2019, the total travel costs deduction = $290.58.
If we use the 2018 value, the total travel costs deduction = $273.05
Explanation:
The new mileage reduction set by the IRS for 2019 is 58 cents (up from 54.5 cents) per mile. Since Jermaine had to travel 3 times during the year and drove for 167 miles, his total deduction should be:
- total travel costs deduction = 3 x 167 x $0.58 = $290.58
If we use the 2018 deduction rates, Jermaine's total travel deduction will be:
- total travel costs deduction = 3 x 167 x $0.545 = $273.05
