Answer:
A. $440,000
B. $460,000
Explanation:
a. Calculation for the amount deductible under the cash method taxpayer
Using this formula
Amount Deductible =Actual payments *Number of Shareholders
Let plug in the formula
Amount Deductible = ($220,000 × 2)
Amount Deductible =$440,000
Therefore the amount deductible under the cash method taxpayer will be $440,000
b. Calculation for the amount deductible under the accrual method taxpayer
Using this formula
Amount Deductible = Amount paid to each shareholder-employee +Each shareholder annual salary
Let plug in the formula
Amount Deductible = $220,000+$240,000
Amount Deductible = $460,000
Therefore the amount deductible under the accrual method taxpayer will be $460,000
<span>A “SPIDER” model is developed that identifies key cognitive processes that are impaired when drivers divert attention from driving. SPIDER is an acronym standing for scanning, predicting, identifying, decision making, and executing a response.
Hence P represents Predicting.</span>
Answer: $300,000
Explanation:
As overhead is applied on the basis of direct labor cost, the overhead rate for the period is:
= Overhead / Direct labor cost * 100%
= 5,340,000 / 890,000 * 100%
= 600%
If direct labor cost is $50,000 then overhead applied will be:
= Direct labor cost * Overhead rate
= 50,000 * 600%
= $300,000
Nark is a SECONDARY consumer when he eats a hamburger. A secondary consumer is basically an organism that feeds on primary consumers. (The cow in this case) :)
Answer:
A mixed economy has all the advantages of a market economy. First, it distributes goods and services to where they are most needed. It allows prices to measure supply and demand. Second, it rewards the most efficient producers with the highest profit.
Explanation: