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arlik [135]
3 years ago
8

Which is least likely to be eligible for tax deductions?

Business
1 answer:
Tanya [424]3 years ago
7 0

Answer:

E

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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Miller Company has the following account balances, extracted from its multiple-step income statement for the current year.
Maksim231197 [3]

Answer:

Net Sales = $100,100

Sales Return and allowances = $4,500

Net income = $33,700

Explanation:

Cost of goods sold 48,200

Gross Profit 51,900

Net Sales 100100

Sales Return and allowances = Sales - Net sales- Sales discounts = 107800-100100-3200 = 4500

Selling Expenses = Total operating expenses - General and Administrative Expenses = 18200 - 10400 = 7800

Net income = Gross profit - Total operating expenses

=51900-18200

= 33700

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4 years ago
Markus is in charge of production for a family-owned company that makes and sells kitchen utensils. He has stated that the speed
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3 years ago
Elena is the CEO of a small manufacturing firm. She is concerned with meeting the investment objectives of the firm's shareholde
g100num [7]

Answer: Option B

Explanation: Corporate social responsibility refers to the concept that if a business is operating in a society than it also have some responsibility towards it. It states that business takes resources from the society and must return the favor in some way.

But there are some critics of this concept that states that nothing is provided by the society for free and the entrepreneur pays sufficient for such resources and services. Thus extra effort is not needed for the betterment of society.

Hence we can conclude that the correct option is B .

4 0
3 years ago
What should i do when starting a business? (At least one paragraph)
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Answer:

Uhm uhm uhm

Explanation:

uhm uhm uhm….

8 0
3 years ago
Discuss with your parents or friends what type of communities you belong to. Then submit at least three sentences telling me wha
Feliz [49]

Answer: They are three type of community we have; Urban, rural and suburban.

Explanation:

They are three type of community we have; Urban, rural and suburban. Urban community refers to a community that has developed to a large extent, most residents have non-agricultural jobs, the city has commercial buildings, roads, railway more banks.

Suburban community areas are lower density areas that separate residential and commercial areas from one another. They don't have much development as the Urban community.

Rural community is known for it's underdevelopment, has more of residential areas than industries around it.

I presently stay in a suburban community

4 0
3 years ago
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