Answer:
The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.
Explanation:
In tax law, the tax base is the magnitude that results from the measurement of the taxable event. It is defined as the dimension or magnitude of an element of the objective budget of the taxable event that is judged as determining the relative contributory capacity.
In tax legal relations, the taxable event shows the existence of an economic capacity in the subjects, but for the tax to be applied, this fact must be assessed in some way, usually in monetary units.
The tax base is ultimately the magnitude that is used in each tax to measure the economic capacity of the subject, such that it is reflected in ceilings.
Answer:
PV= $393.65
Explanation:
Giving the following information:
Cash flow= $150
Number of periods= 3 years
Interest rate= 7%
<u>To calculate the present value of the annuity, first, we need to determine the future value:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {150*[(1.07^3) - 1]} / 0.07
FV= $482.24
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 482.24/1.07^3
PV= $393.65
Answer:
B. a price war
Explanation:
A price war -
It is the type of competition between the company selling the similar type of product , or rival companies who tries to reduce the price of the product strategizing in a way to apprehend the wider area of the market , is known as a price war .
Reduction of the price of any goods or commodity is considered to be one of the best method to increase its market share ,
because as soon as the price of any good decreases , the sales automatically increases , as the consumers are always in search of some discounts and good deals .
A price war can be short term , as well as long term .
Answer:
I believe its Capital carry-forward
Explanation:
The other options don't make sense
