The correct option is C.
The personal income tax forms are three in number, one can choose any one that one finds suitable; there are lot of differences among these forms. The simplest and the shortest of the three forms is 1040EZ. The 1040-A is a bit more complex and the 1040 form is the most complex.
Answer:
A. $10,500
Explanation:
FV of IDNA:
Book value $ 15,000
Revalued plant assets ($25,000)
license agreements
$30,000
Intangible assets $50,000
$ 70,000
Non-controlling interest valued at the date of acquisition, following the alternative method allowed by IFRS = 15% * 70,000 = $10,500.
<u>Solution and Explanation:</u>
<u>The following is the selling and administrative expense structure of the Fazel company for the year. According to the given information and the data:</u>
The Variable selling expenses (19730000* 3%) 591900
The Fixed Expenses
The Salaries expense 960000
The Utilities expense 365000
The Office space expense 230000
The Advertising expense 1200000
The Total Fixed expense 2755000
The Total selling & admin Expense 3346900
<u>Note:</u> the variable expense is calculated by multiplying the total sales given in the question with the percentage of the commission given
Answer:
True
Explanation:
yes it is true that you should ask the taxpayer if they had any other interest income to avoid double taxation elsewhere
