Answer:
Yes, she is required to include her tips in gross income.
Explanation:
Yes, Carey is required to include her tips in gross income. She is required to include both her small hourly amount and her tips, declaring both as a total sum amount. Even though the customer has no obligation to pay any tip of any kind to Carey, any tip she receives will count as compensation for services, as the tips are payments for her service to the customer.
Answer:
$32,160.00
Explanation:
Each of the expenses would be allocated as follows:
Advertising expense = (300,000/1,000,000) × 30,00 =9,000
Rent ( 3400/10,000 24000) × 24,000 = 8,160
Administrative expenses (8/24 × 45,000) = 15,000
Total expense allocated to Department B
= 9000+ 8160 + 15000
= $32,160.00
Answer:
C. By realizing gains through increase in share price and cash divideneds.
Explanation:
For most corporations, the management must strive to ensure the firm is doing well in the market space. Once a company is doing well, it will affect its share price positively on the stock exchange.
An increase in the share price of fim is a gain to the firm and its corporate owners. I.e sharedholders. This means that the value of their investment in the firm has appreciated.
Furthermore, the firm must try to make profit which is one of the reason of being in business. A firm that is making profit will be able to declare same at the end of the financial period, hence corporate holders(shareholders) would be have part in profit declaration through dividened.
Answer: Hydroelectricity is a form of hydropower and is the most widely used form of renewable energy throughout the world. ... Hydro electricity extracted from water depends not only on the volume but on the difference in height between the source and the water's outflow.
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Explanation:
Answer:
The answer is: Rose will be taxed as receiving a $15,000 dividend distribution.
Explanation:
Since Parent Corporation owns 70% of Child Corporation, for tax purposes they are considered as one single firm. Rose is the main stockholder of Parent Co. so for tax purposes she is also a stockholder in Child Co. When Child Co. gives her $15,000 in exchange for Parent Co. stock, this would be considered as a dividend distribution rather a stock sale.
