<span>A company can have a product that they want a single customer to be able to use and profit from, they may sell that product to that customer at a lower price, allowing them to purchase more, and blocking out competitors with higher pricing.</span>
Answer:
D) Todd should include the $500 in 2020 gross income in accordance with the tax benefit rule.
Explanation:
Since Todd is a cash basis taxpayer, he included the $1,500 insurance premium in his 2019 tax return. Cash basis taxpayer report revenues or expenses when the cash is received or paid, not when the service is provided.
Since he received a $500 refund in 2020, he should include it in his 2020 tax return. As a cash basis taxpayer, any money received is considered income.
Answer:
a)$16,894
Explanation:
The computation of his income is shown below:
= Wages + allocated tips for box 7 + tips that do not reported
= $16,400 + $350 + $144
= $16,894
We simply added the Wages, allocated tips for box 7, and tips that do not reported so that the exact value could come
All other information which is given is not relevant. Hence, ignored it
Answer:
d.
Explanation:
Criminal law is a branch of the United States Justice System which deals with all types of crimes. Criminal law is mostly concerned with wrongs committed against the public as a whole. Such crimes include anything that can be perceived as being threatening or harmful to the property, health or safety of the population or an individual.
Answer:
$490,566.04
Explanation:
Calculation for how much will you pay for the policy
Using this formula
Present value of perpetuity= Investment policy Annual inflows/ Required rate of return
Let plug in the formula
Present value of perpetuity=$26,000/0.053
Present value of perpetuity=$490,566.04
Therefore the amount that you will pay for the policy is $490,566.04
