Discuss the meaning of taxation

How are most travel itineraries arranged?

bekas [8.4K]

Event by event so you know the schedule

4 0

3 years ago

Which best describes the benefits of renting a home

Umnica [9.8K]

I just took this test a few days ago and the answer was none of the above. Hope this helps.

8 0

2 years ago

On April 23, Mrs. Y purchased a taxi business from Mr. M for a $60,000 lump-sum price. The business consisted of a two-year-old

vladimir2022 [97]

Answer:

Follows are the solution to the given points:

Explanation:

In point a:

It must allocate $\$19000$ for both the taxicab and $\$41,000$ for the rest of the license, the client list, and the company name registered.

Its cost of intangible material could be amortized for 180 months starting in April. $(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

She could also use Section 179 to decrease her taxable money to $\$17,890 (\$36,890 - \$19,000)$ but include her deduction.

Her taxable annual income is $\$15,840 (\$17,890 - \$2,050)$ .

In point b:

They must allocate $\$19,000$ for the taxi and $\$41,000$ for their licenses, the customer list as well as the business by interacting with people register. Its cost of the material could be depreciated for 180 months, starting in April.

$(\frac{41,000}{180}) \times 9\ \ months = \$2,050$ is her amortization deduction.

The taxable income here $= \$0 (from \ \$17,100 -\$19,000) = -1,900.$

Section 179 could be requested if another income is earned on the tax return (such as W-2 wages).

As all Section 179 is unpaid with other earned income, it is carried forward into the next year.

3 0

3 years ago

Which of the following is not an objective of proactive scanning? Identify and define potential opportunities and threats. Paint

tigry1 [53]

The option that is not an objective of proactive scanning is: Paint a picture of the future 20+ years into the future.

<h3>What is proactive scanning?</h3>

Proactive scanning is the use of automated tools to detect suspicious programs/contents in library, driver, and executable files.

This scanning method can be used to detect threats and important events. They could also serve useful functions to employers and managers.

Learn more about proactive scanning here:

brainly.com/question/26199042

6 0

2 years ago

Businesses can be classified into the following forms: a proprietorship, a partnership, a corporation, a limited liability compa

lozanna [386]

Answer:

Explanation:Answer:

Explanation: Characteristics of a proprietorship:

1. Owned by single individual

2. Less regulated Subject to unlimited liability

3. Has unlimited life Subject to lower income taxes

B.

Michael founded and operated a wedding planning agency, which specialized in celebrity weddings. When he died, his business was dissolved because there was no plan for control after his death. Sole proprietor

DDX Co. is a shipping company. Tyler owned 1,000 shares of DDX stock. He found better opportunities and sold his entire stake in DDX to another investor. Limited liability company.

Jackson and his friend Shirley run a carpet cleaning business. They distribute the profits proportionately and file their individual taxes. Partnership

Tyler, Jackson, and Jose own an accounting firm in San Francisco. All share in the profits of the firm proportionately and file taxes at an individual level. According to their agreement, none of the owners will be held personally liable for the accounting firm's debt. Limited partnership

Businesses in the form of corporations offer their owners several advantages, but the benefits come at a price. For instance, corporations are required to create a charter, set bylaws, and file mandatory reports with state and federal authorities, which can get expensive and time consuming. The filing document, which requires the company to state: (1) the name of the proposed corporation, (2) types of activities the company will be involved in, (3) amount of capital stock, (4) number of directors, and (5) names and addresses of the directors, is called the corporate limited liability company

6 0

3 years ago

Discuss the meaning of taxation​

Discuss the meaning of taxation