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Dennis_Churaev [7]
3 years ago
14

John has a gross income of $60,000. He is single and is choosing to take a deduction for all single people amounting to $6,300.

What does this $6,300 represent? a standard deduction an itemized deduction an earned income credit an adjusted gross income
Business
1 answer:
olasank [31]3 years ago
6 0

Answer:

A standard deduction

Explanation:

John is taking a standard deduction. A standard deduction is deduction on taxable income that the IRS allows for individuals that are not making use of itemized deductions to reduce their income tax. Standard deduction may apply to people based on status, age, disability or other criteria listed.

Standard deduction is different from itemized deduction and both cannot be used together. Itemized deduction applies by listing allowable expenses that are deducted from taxable income such as charity donations, property, medical expenses etc.

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A tenant with a triple net lease rents a building that has the following yearly operating expenses: Property taxes $5,000, Utili
bonufazy [111]

Answer: $13500

Explanation:

The triple net lease refers to a lease agreement whereby the tenant pays all the property expenses such as property taxes, building insurance, utilities, repairs and maintenance.

Therefore, based on the question given, the expenses to be paid will be:

Property taxes = $5,000

Add: Utilities = $7,000

Add: Repairs & Maintenance = $1,500

Total = $13500

4 0
3 years ago
A cashier employed for 18 years ate a bag of potato chips without buying them while at work. She paid for the bag as soon as her
Arturiano [62]

Answer:

The human rights violated was the Americans with Disability Act (ADA)

Explanation:

The Americans with Disability Act (ADA) which became effective in 1990 is a a civil rights act that prohibits any form of discrimination based on disabilities. The civil rights law also covers for employees with disabilities which include both mental and physical conditions.

As stated by the Equal Employment Opportunity Commission, some disabilities included in the ADA civil rights law include; autism, diabetes, multiple sclerosis, bipolar disorder and many others.

From the case stated above, the cashier, a diabetic ate a bag of potato chips without paying but paid as soon as her shift ended which led to the termination of her appointment.

She ate the chips without paying because she realized her blood glucose level was low and was about to have a hypoglycemia attack.

Her employer knew of her disability but still went ahead to fire her, violating her ADA civil rights.

Knowing about her disability, they would have accommodated her seeing that she prevented an impending emergency (hypoglycemia attack). No matter how strict the organization’s policies are, they should be flexible especially with disabled people.

6 0
3 years ago
Customers who shop at Books-A-Million find that it has a large selection of books, in addition to a helpful and friendly staff.
nika2105 [10]

Answer:

Position Strategy

Explanation:

The position strategy is the strategy in which the business focuses on the important things that will drive value for the organization. This way of developing customers choices and attracting them by added value in services is known as position strategy. The company here has focused on friendly staff and cappuccino offering along with a good selection of books. This means that the company has developed its image which is that scholars come here and that's the uniqueness of the position strategy.

Three things that the company has focused here:

  1. Friendly Staff
  2. Good selection of Books
  3. Cappuccino and other products that increases sales
7 0
3 years ago
In a liquidation, a.gains or losses are distributed according to the partnership agreement. b.assets may be sold at amounts that
Sergeeva-Olga [200]

Answer:

D

Explanation:

Liquidation is when the business closes down or dissolves which means the business will not continue any further. Firstly all the assets are sold at their market value which differs from the actual cost or the book value and all the liablities are paid for (or compensated for). After paying all the due balances and receiving all receivables the gain or loss is divided amongst the partners according to their partnership agreement which states the profit/loss sharing ratio. in case of no agreement, the profit/loss is shared equally.

8 0
4 years ago
The graph shows excess demand. A graph titled Excess supply has quantity on the x-axis and price on the y-axis. A line with posi
Anton [14]

Answer:the firm should increase price

Explanation:

From the question there is a shortage i.e Demand is greater than Supply, the firm should increase the price of the product which would induce suppliers to increase their supply.

The increase in price would lead to a movement along the demand curve with would in turn correct the disequilibrium.

4 0
3 years ago
Read 2 more answers
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