AICPA: <span>The national professional organization of practicing Certified Public Accountants (CPAs), whose various committees and boards have been an important contributor to the development of GAAP.
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Answer:
The correct answer is letter "B": Are primarily designed to provide relief for trade or business losses.
Explanation:
The Net Operating Loss or NOL was enacted to offset the differences between taxpayers' deductions due to progressive rates involved in tax calculations. The excess accounted are used as part of tax payment for the company's future tax periods. NOLs could be the result of theft, confiscation or trades. Thus, NOL provisions attempt to partly cover those business losses.
Answer:
C. She wants to work with a different group of adults.
Explanation:
Whitney has an associate degree in early childhood education, so she is qualified for the job, the pay is $35,000 which is above her least requirement and she likes to work with children which the company does so, however she does not want to work with such group of adults (employees) who are not comfortable working with the children as she is a social person and wants to work in a fun environment with happy people.
It is letter C because 120x25=3000+500=3,500
