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2 years ago

Which is least likely to be eligible for tax deductions?

Business

1 answer:

Tanya [424]2 years ago

7 0

Answer:

Explanation:

A tax is a compulsory sum levied by the government or its agents on goods and services

Tax credits are amount of monies that taxpayers can be subtract from the amount of tax owed. It reduces the amount of tax to be paid. It is not taxed

A municipal bond is a debt instrument issued by a state or municipality to finance its capital expenditures.

Municipal bonds are usually exempt from federal income tax. This makes these bonds attractive to individuals with a high income tax bracket

Income from dividends are taxed twice. Once at the firm level and the second time when the income is distributed to shareholders

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Programs designed to help only those with low incomes are called

enyata [817]

Answer: Public assistance programs

Explanation: Public assistance programs also known as government welfare programs are designed to help the poor whose income falls below a certain level. These programs are designed to help these poor individuals to meet their basic requirements of life. The primary focus of these programs is to provide assistance to the children, disabled or the aged who are not responsible for their own poverty. People who are able to work are not eligible for these programs.

7 0

3 years ago

Balance sheet and income statement data indicate the following: Bonds payable, 10% $1,000,000 Preferred 5% stock, $100 par (no c

dangina [55]

Answer:

The Time interest earned ratio is 4.5

Explanation:

Given:

Bonds payable 10% in 2 years $1000000

Preferred 5% stock $100 par (no change during the year) 300000

Common stock, $50 par (no change during the year) 2000000

Income before income tax for year 350000

Income tax for year 80000

Common dividends paid 50000

Preferred dividends paid 15000

Time interest earned ratio is a measure of how a company is able to pay up its debts based on its income. It is the ratio of earnings before tax and interest to total interest expense.

Interest expense = $1000000 × 10% = $100000 × 0.1 = $100000

Therefore the earnings before tax and interest = Income before income tax for year + Interest expense = $350000 + $100000 = $450000

the earnings before tax and interest = $450000

Time interest earned ratio = earnings before tax and interest / Interest expense = $450000 / $100000 = 4.5

The Time interest earned ratio = 4.5

7 0

2 years ago

In the U.S. political arena, ______________________ may tend to emphasize the virtues of markets and the limitations of governme

fiasKO [112]

Answer:

The correct answer is letter "A": conservatives; liberals.

Explanation:

Two main approaches define how societies could achieve economic and political prosperity. Conservatives are in favor of little government intervention since individuals must be empowered to take responsibility for their own wellness. They are in favor of market economies -price driven by supply and demand.

Liberals, on the other hand, propose the government must intervene to ensure individuals have equal opportunities. Liberals prefer mixed economies which are mixtures of market economies and command economies -the government is the central planner.

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2 years ago

A client presents with chief complaints of unexplained weight gain and back pain from a compression fracture of the vertebrae. O

kozerog [31]

Answer:

The correct answer is Cushing's Syndrome.

Explanation:

Cushing's syndrome, also known as hypercortisolism, is a disease caused by the increase in the hormone cortisol. This excess cortisol can be caused by various causes. The most common, which affects 60 or 70% of patients, is an adenoma in the pituitary gland; This form of the syndrome is specifically known as Cushing's disease. Other causes of Cushing's syndrome are tumors or abnormalities in the adrenal glands, chronic glucocorticoid use or excessive ACTH production caused by a pituitary adenoma. ACTH is the hormone, produced by the pituitary gland, that stimulates the adrenal glands to produce cortisol. This disorder was described by the American neurosurgeon doctor Harvey Cushing, who reported it in 1932.

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2 years ago

A mixed economy is

vazorg [7]

Generally speaking a mixed economy is "B-a combination of individual choice and government protection," although the balance is often more tilted towards individual choice.

5 0

2 years ago

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