Answer:
$1,200
Explanation:
during 2019, Harry can deduct:
- 50% of the costs of meals while on he is on business trips
- 100% of airfare and other travelling costs
- 100% of lodging costs while doing business
Harry's deductions = (50% x $200) + (100% x $600) + (100% x $500) = $100 + $600 + $500 = $1,200
Any expenses incurred during vacation are not deductible.
So, the correct option is A (Earned income)
Small Business
Generally speaking, a small business is a privately held corporation, partnership, or sole proprietorship with fewer employees and lower yearly income than a corporation or regular-sized business. In terms of being eligible for government assistance and advantageous tax treatment, the meaning of "small" differs by nation and sector. According to a set of criteria based on particular industries, the U.S. Small Business Administration determines what constitutes a small business.
To learn more about Small Business
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Answer:
The answer is: Obligation that has a distant due date exceeding company's operating cycle.
Explanation:
A current liability is a financial obligation due within one year (or one normal operation cycle).
So a financial obligation that has a due date that exceeds a company´s operating cycle should have been directly classified as a long term liability (or a non current liability) in the first place. It simply is not a current liability that is changed into a long term liability, it always was a long term liability.
The other options represent the steps necessary for turning a current liability into a long term liability.
- Intend to refinance the obligation on a long-term basis.
- Demonstrate the ability to complete the refinancing.
- Subsequently refinance the obligation on a long-term basis.
Answer:
$950
Explanation:
Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.
