Answer:
C. $410,000
Explanation:
Administrative and general expenses in Lee's multiple - step income statement is $410,000
i.e the Legal and audit fees $170,000 and Rent for office space $240,000 which will amount to $410,000
Note: General and Administrative expenses are incurred in the day-to-day operations of a business and are not tied to a specific function or department within the organisation.
If income is accrued <u>or arises outside India and is not received in India</u>, it is not taxable in the case of Non-Resident.
<h3>Who is a resident and non resident?</h3>
A resident is a person who has resided in India in that year for 182 days or more. He is a natural person or an individual who is domiciled in a particular state.
A Non- Resident is a person who is not the resident of India for tax purposes. Section 2(30) defines non-resident as a person who is not a resident.
Basically, Income which accrue or arise outside india and also received outside india is taxable in case of Non-Resident.
Learn more about resident and non- resident here:-
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Answer:
it's the theory that the completion of college indicates do employers that a job applicant is intelligent and hard-working
Answer:
23.07%
Explanation:
For computing the inflation rate first we have to determine the price index for 2011 which is shown below:
Price index for 2011 is
= (market basket of goods and services cost in year 2011) ÷ (market basket of goods and services cost in year 2009) × 100
= ($160) ÷ ($130) × 100
= 123.07%
Now the inflation rate is
= (Price index for 2011 - price index for 2009) ÷ (price index for 2009) × 100
= (123.07 - 100) ÷ (100) × 100
= 23.07%
And, the price index for 2009 is
= ($130) ÷ ($130) × 100
= 100%
