Answer:
c Claim their expenses as deductions for AGI.
Explanation:
Their costs are specified in Schedule C, not Form 2106 (Option). Although subject to Social Security tax, they are not subject to income tax withholding (option). Legitimate employees are not common law employees (selected). Costs for AGI will be reduced
Definitely a quality product. It is indeed true that you are not there for the service but the products appeal on you.
Answer:
$0
Explanation:
$15,000 (Hillary's partnership basis at the beginning of the year) + $10,000 (ordinary business income) + $8,000 (tax exempt income) - $15,000 (reduction in share of partnership's debt) - $25,000 (cash distribution) = -$7,000. Since the basis cannot be negative, it is $0.
Also, since Hillary's adjusted basis resulted in a negative value, she must report a capital gain of $7,000. That way her basis = -$7,000 + $7,000 = $0
Answer:
Amortization of the discount at December 31, 2020 will include: a debit to interest expense for $8,200.
Explanation:
Note is a promissory note with a written promise made by the borrower to the lender (payee) to pay a certain, definite sum at a specified date.
Since the face value of the note was $511,000 and the inventory was $498,700, then discount on the note is $12,300.
Amortization of the discount at December 31, 2020 will include: $12,300 / 3 x 2 months = $8,200.
Answer:
The dividend yield is 5.14%
Explanation:
In order to calculate the dividend yield we would have to calculate the following formula:
Dividend yield=Dividend/Beginning value
According to the given data we have the following:
Dividend=$2.50 per share
Beginning value
=$48.60 per share
Therefore, Dividend yield=$2.5/$48.6
Dividend yield=5.14%
The dividend yield is 5.14%
