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Shkiper50 [21]
3 years ago
7

________ are programs where the government provides a tax deduction for spending on health insurance and other benefits by both

employers and employees.
Business
1 answer:
Ivan3 years ago
8 0

Answer:

Tax expenditures

Explanation:

Tax expenditures refer to the special kind of the provision like exclusion, deductions, credit, rate of the tax that would give the benefit for the particualr activities or the taxpayer group.

It is a program where the government give the tax deduction with respect to the amount spend on the health insurance and the other benefits

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Duluth Ranch, Inc. purchased a machine on January 1, 2018. The cost of the machine was $21,500. Its estimated residual value was
SVEN [57.7K]

Answer:

Explanation:

Cost of acquisition - $21,500

Residual value - $6,500

Depreciable amount - 21500-6500 =15,000

Useful life = 5 years

Total units produced = 10000

Depreciation rate = 1/5*100 = 20%

Double depreciation raate = 40%

Depreciation                           2018                  2019

Straight line 20%*15000        3000                3000

Units of production

850/10000*15000                   1275

1300/10000*15000                                          1950

Double declining balance method

2018 = 40%*21500 = 8600

2019 =(21500-8600) *40%= 5160

2020  (12900 -5160)*40% = 3096

2021   (7740-3096) *40% =1858

2022 (4644-1858)*40% = 1114

5 0
4 years ago
Fact Pattern 16-2 Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, and investment fi
professor190 [17]

Answer:

Bryn, Cornell, and Duke are general partners in Equity Lending, a consumer credit, mortgage, andinvestment firm. Their agreement states that it is a breach of the agreement for any partner toassign his or her interest to a creditor without the consent of the other partners.Refer to Fact Pattern 27-3. The partners decide to dissolve Equity Lending. Duke collects anddistributes the firm's assets. This results in(A) nothing with respect to the firm's existence.(B) the continuation of the firm's business.(C) the termination of the firm's legal existence.(D) the temporary suspension of the firm's business.Answer : (C)57.Oliana is a partner in Pacific Traders. In the majority of states, with respect to any partnershipobligations that Oliana does not participate in, know about, or ratify, Oliana would be liable for58.Craig, Donna, and Eve do business as FastTrak Career Consultants. Eve's relationship toFasTrak ends, but the firm continues to do business. This is59.Brad and Carolyn are partners in Doctors for Children, a medical clinic. Brad's dissociation fromthe firm results i

Explanation:

yes sir

3 0
4 years ago
A U.S. citizen accrued $120,000 of creditable foreign taxes last year. The citizen's foreign tax credit limitation for last year
grandymaker [24]

Answer:

C) USD 8,000

Explanation:

Excess credits can be transferred back one year and can be moved ten years, or a sum of 11 (eleven) years. The credits that are anticipated  to be not used are  USD 16,000 So,

= ((USD 30,000 - (USD 2,000 × 11)).

= USD 8000/-

8 0
3 years ago
Which finance option requires the most debt obligation to the person taking it? loan
Semmy [17]
I think the answer is a loan
8 0
3 years ago
Charmed by Claire is a gift shop. Each employee specializes in one product line, like Vera Bradley, Pandora, or Brighton. Clair,
Pepsi [2]

Answer: Functional organization

Explanation:

A functional organization is a type of organizational structure whereby the organization is grouped into smaller groups that is based on the specialized functional areas, like IT, sales, operations, finance, or marketing.

A functional organizational structure is used to organize workers and they are divided based on their knowledge and specific skills. Each employee is attached to a specific department where it is believed that the employee will perform better and more effectively.

7 0
3 years ago
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