Answer: the above statement is true to some extent. Most of the businesses today are either cooperates or limited liability companies. This is because, many businesses try to remove the personal risk associated when running a business venture. Hence, they convert it into a limited liability business so the risk is only limited to the amount they invest.
However, there are still some business that are running on a smaller scale and have unlimited liability.
Answer:
The largest tax deduction = $8,874 mileage method
Explanation:
mileage method = 15300*0.58 =$8,874
Actual Expense = $5,540 + 765 + 3,095 +165 +240 + 1000 = $10,805
business use % = 15300/(15300+5100)
= 15300/20400 = 0.75
Actual expense = $10,805 * 0.75 = $8,103.75
If the interest expense on loan for the Van is considered as an expense for profit and loss section in calculating Net income then
ACTUAL EXPENSE = $10,805 - $1000 = $9,805 * 0.75= $7,353.75
nonetheless Mileage method gives the largest deduction
Answer and Explanation:
Home country has 20% of the world's capital , 10% of the world's skilled labor and 20% of the world's GDP. This means that the GDP of the home country is proportional to its capital possession. As GDP is more dependent on its capital input and less on labor input, home country can be said to be capital intensive
You need to be a leader that facilitates creativity and you must be NON judgemental!! Be a listener and not down ALL of the ideas.
Answer:
Money is a common unit to measure all the goods and services. Also, it acts as a store of value. A farmer who uses perishable items to buy other goods cannot store it and use it in future.
If I am wrong please correct me.
