Dictionary: Often a book listing the spellings and Definitions of words.
Answer:
The correct answer is<em> competence</em>.
Explanation:
Professional competence is made up of knowledge, skills, values, ethics and attitude; With all these qualities, the professional can perform his duties competently. These skills are developed to the extent that more experience with the practice is acquired, also the professional acquires the commitment to be constantly updated and lifelong learning.
The profession serves the interest of the public, so demand for the guarantee and assurance of work, in that sense the ideal is to have a goal of continuous professional development that contributes to integral growth.
Answer:
Deduction = $8.7 million
Business interest carry forward = $1.8 million
Explanation:
given data
average gross receipts = $50 million annually
net business interest = $10.5 million
adjusted taxable income = $29 million
solution
we know as per the amended rule for the interest deduction and carry forward is
Sum of following will be allowed as deduction:-
- Business interest income for the taxable year
- 30℅ of Adjusted taxable income of the tax year
- The taxpayer's floor plan financing interest paid
and here limit is applicable for all but except average annual gross receipt which is less than the $25 million
so that company have average annual receipt limit is applied.
and Deduction will be
Deduction = 30℅ of Adjusted Taxable income
Deduction = 30℅ of $29 million
Deduction = $8.7 million
and
Business interest carry forward = Actual - deduction allowed
Business interest carry forward = $10.5 million - $8.7 million
Business interest carry forward = $1.8 million