Yes, Surveyors update boundary lines and prepare sites for construction so that legal disputes are prevented.
Answer:
Meghan Sole Proprietorship
The rent expense that Meghan may deduct on her 2020 tax return is:
= $96,158.
Explanation:
a) Data and Calculations:
February 1, 2020: Rent Expenses $157,350 Cash $157,350
Rent Expenses for 2020 = $157,350 * 11/18 = $96,158
b) The actual cash payment for rent should be prorated to the months in 2020 for which the rent was consumed. This gives 11 months (from February 1, 2020 to December 31, 2020).
Answer:
The correct answer is letter "D": Cindy can claim Mark as a dependent and she can file as head of household.
Explanation:
Dependents are people taxpayers entitles as such to claim exemptions in a tax return. Dependents can be "qualifying child" or "qualifying relative". In the case of qualifying relatives, the dependent must meet the <em>Dependent Taxpayer Test, Joint Return Test, Citizen or Resident Test, Member of Household or Relationship Test, Gross Income Test, </em>and <em>Support Test</em>. The dependent exemption for 2017 is $4,050. Thus, Mark can be considered as Cindy's dependent because they lived in the same household during the same year with nobody else even if he is not working and he is not disabled.
For taxing purposes, being head of household implies p<em>aying more than half of the housing expenses, not being married for the past year, </em>and<em> having a qualifying dependent</em>. Then, as Cindy provided all the support of her household, has not married recently, and has Mark as her dependent, she can be considered the head of the household.
Answer:
$3,325
Explanation:
Bad Debt Expense = Allowance for uncollectible accounts 2022 - (Allowance for uncollectible accounts 2021 - Written off in accounts receivable
Bad Debt Expense = $4,100 - ($1,400 - $625)
Bad Debt Expense = $4,100 - $775
Bad Debt Expense = $3,325
So, the bad debt expense for 2022 would be $3,325.
Well the only answer is c so c