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sergiy2304 [10]
3 years ago
12

Kelly is a self employed tax attorney whose practice primarily involves tax planning. During the year she attended a 3-day semin

ar related to changes related to tax law. She incurred the following expenses: Lodging - $400 Meals - $95 Registration - $350 Transportation - $150 How much can Kelly deduct
Business
1 answer:
Helen [10]3 years ago
8 0

Answer: $947.50

Explanation:

The amount that Kelly can deduct will be calculated as:

Lodging = $400

Add: Meals at 50% = $95/2 = $47.50

Add: Registration = $350

Add: Transportation = $150

Total deductions = $947.50

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With only two goods, if the income effect is in the same direction as the substitution effect then the good is ____.
Leya [2.2K]

Answer:

Normal good

Explanation:

Income effect Is change in quantity demanded when the consumers purchasing power change as a result of a change in real income.

Substitution effect is when quantity demanded falls as a result of rise in price of a good which leads consumers to purchase cheaper alternatives.

A normal good is a good whose demand increases as income increases.

If the price of a normal good falls, the real purchasing power of the consumer increases and the consumer buys more of the good. Also, the consumer substituites from more expensive alternative goods to the more cheap normal good. The income and substitution effect both move in the same direction.

7 0
3 years ago
Your uncle is about to retire, and he wants to buy an annuity that will provide him with $75,000 of income a year for 20 years,
Nataly_w [17]

Answer:

The annuity will cost him $963,212.95.-

Explanation:

Giving the following information:

Cash flow= $75,000

Interest rate= 0.0525

n= 20

First, we need to calculate the final value. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i + {[A*(1+i)^n]-A}

A= annual cash flow

FV= {75,000*[(1.0525^20) - 1]/0.0525} + {[75,000*(1.0525^20)] - 75,000}

FV= 2,546,491.88 + 133,690.82= $2,680,182.70

Now, the present value:

PV= FV/(1+i)^n

PV= 2,680,182.70/(1.0525^20)

PV= $963,212.95

4 0
3 years ago
Audiences are allowed to preview (sneak preview) actual movies such as The Hunger Games and Star Trek so that changes might be m
evablogger [386]

Answer:

The correct answer is: market testing.

Explanation:

A market test, also known as an experimentation technique, is a research technique that consists in trying to know directly the response of people to a product, service, idea, advertising, etc., in order to obtain certain information necessary for a investigation.

Generally, a market test is carried out before the launch of a new product, in order to evaluate its acceptance or reception, and thus reduce the risk of introducing the new product to the market and that it does not have sufficient demand.

When carrying out the market test, the acceptance, reception, printing, reaction or behavior of the public before the new product is known and, based on the results, to determine if the launch of the new product is feasible, if it is necessary to make some changes before its launch, or if the launch is definitely not feasible.

7 0
3 years ago
Kinney, Inc., an electing S corporation, holds $5,000 of AEP and $9,000 in AAA at the beginning of the calendar tax year. Kinney
Murrr4er [49]

Answer:

(C) $1,500 dividend income.

Explanation:

The total AAA available is $15000($10000+$5000(taxable income)).

The total distribution $18000(($6000×2)+($3000×2))

Here since available AAA is $15000 each get deduction of $7500($15000×500shares/1000shares).Hence $1500(i.e $6000+$3000-$7500) is taxable.

7 0
3 years ago
As chobani seeks to build its brand, it opened aunique retail store in new york city: chobanisoho. why did chobani do this?
AnnyKZ [126]
  • Innovative yoghurt recipes from Chobani SoHo are delivered in stunning glass jars.
  • Customers can choose from a wide range of combinations that start with Plain Chobani as the base and include components like Pistachio + Dark Chocolate and Cucumber + Olive Oil.
  • Prices are acceptable while being more than those for normal Chobani Greek Yogurt in order to draw in imaginative customers. Chobani SoHo has these three significant potential long-term benefits.
  • Customers can try new product ideas with various additive combinations to see if they might end up as a staple flavour in the Chobani line.
  • Examples of these additive combinations include flavour pairings and savoury components.
  • Giving consumers the opportunity to engage physically with the brand rather than just picking something up off the shelf, which increases customer loyalty and word-of-mouth advertising.
<h3>Who is Chobani?</h3>
  • Food manufacturer Chobani is on a mission to improve communities, improve the health of the global population, and increase access to wholesome food for all.

Learn more about marketing here:

brainly.com/question/13414268

#SPJ4

4 0
2 years ago
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