Answer:
The answer is: A) Ordinary income of $45,000.
Explanation:
The $45,000 the lessor collected from the lessee (his tenant) should be included as ordinary income.
IRS Internal Revenue Code Section 10. b. 1. establishes that payments received by a lessor for the cancellation of a lease are considering ordinary income.
The answer is c there are the answer of the rest
Answer:
D both have strong involvement of the government
Explanation:
Both socialism and communism are characterized by strong government participation in economic activities. The two systems advocates for public ownership of the factor of production. The government owns and controls the production and distribution of goods and services.
Socialists and communist market systems promote the greater good of society rather than individual benefits as in the free-market economies.
Answer:
$11.60 per direct labor-hour
Explanation:
Calculation for what The predetermined overhead rate for the Assembly Department is closest to:
First step is to calculate the Assembly Department overhead cost
Assembly Department overhead cost= $57,400 + ($3.40 per direct labor-hour × 7,000 direct labor-hours)
Assembly Department overhead cost= $57,400 + $23,800
Assembly Department overhead cost = $81,200
Now let calculate the Predetermined overhead rate
Predetermined overhead rate = $81,200 ÷7,000 direct labor-hours
Predetermined overhead rate = $11.60 per direct labor-hour
Therefore The predetermined overhead rate for the Assembly Department is closest to:$11.60 per direct labor-hour
quick withdraw from the bank