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kati45 [8]
3 years ago
14

• Aiden and Sophia are married and they have always filed Married Filing Jointly.

Business
1 answer:
dem82 [27]3 years ago
7 0

Answer:

5. C

6. C

Explanation:

5. In this year 2020, The most advantageous filing status allowable that Sophia can claim on the tax return is option c :

Which is the Qualifying Widow(er)

This filing status known as the Qualifying widow/widower is applicable to surviving spouses like Sophia who have dependents. The surviving spouse would be able to file taxes jointly with the spouse who is now late.

6. Sophia can deduct a charitable contribution adjustment of option c:

Which is $300

In year 2020, those who are non-itemizers are able to claim up to $300 in an above-the-line income tax deductions for the monetary donations that they made in that year.

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Companies required to perform payroll withholding for them to be able to make sure that their employees pay correct taxes. This is also to avoid later issues that may occur against them if BIR will know that they have employees who were not paying taxes.
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3 years ago
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Tessa is in charge of planning a marketing campaign for a new type of candy. Tessa's
scoray [572]

Answer: Candy for health conscious and love natural products

Explanation:

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Increasing the government budgetary surplus or decreasing the deficit is desirable in a period of?
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3 0
3 years ago
Suppose Mexico’s opportunity cost for producing 1 unit of food is 3 units of clothing and the United States’ opportunity cost fo
Paul [167]

Answer:

Mexico export 1 unit of cloth and  import 2 unit of food

Explanation:

given data

Mexico’s cost producing 1 unit of food = 3 units of clothing

US cost producing 1 unit of food = 0.5 units of clothing

Trade  ratio = 1:1

to find out

How beneficial would it be for Mexico

solution

as given in question we know that Mexico opportunity cost of producing food is lower in the US

so here United States will produce food and Mexico will produce cloth

and trade ratio is 1:1 so that  Mexico has export 1 unit of cloth and can import 1 unit of food

and

when the trade ratio is 1 unit of clothing for every 2 unit of food

Mexico export 1 unit of cloth and  import 2 unit of food

so as that Mexico will gains more by  later trade ratio

8 0
3 years ago
Selections, a general partnership, operates a gift shop. Selections has five partners. Tony has a one-third interest in the part
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With respect to management decisions a majority of the partners must agree, irrespective of the size of each partner's interest in the partnership.

<h3>What is partnership?</h3>

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A partnership is a single business owned by two or more people. Each partner contributes to every aspect of the business, whether it's money, property, labor, or skill. In exchange, each partner shares in the company's profits and losses.

The goal of a partnership agreement (or partnership contract) is to create a legally binding contract between two or more individuals or other legal entities in order to establish a business enterprise. This partnership agreement specifies each partner's or entity's rights and responsibilities.

To know more about partnership follow the link:

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