Answer: $28,000
Explanation:
Jonathan can deduct both the real estate taxes and the state income taxes but the Tax Cuts and Jobs Act cut the deduction one can claim on State and Local taxes to $10,000 from 2018 to 2025.
The total deduction Jonathan can claim is therefore:
= Real estate taxes + Capped state income tax
= 18,000 + 10,000
= $28,000
Answer:
a. $0
Explanation:
The business would not be subject to taxation in a state until nexus is established; thus the Chipper’s Apportionable income <u><em>(which means income of any class or type or any activity, that fulfils the connection or criteria described either in the "functional test" or "transactional test,”.)</em></u> that is taxed by X equals $0
Answer:
$60,000,000
Explanation:
Market value is simply defined as the price an asset would fetch in the marketplace, or the value that the investment community gives to a particular equity or business.
Formula for market value is given as
Company's Share × Current Market price per share.
Therefore, given that
Numbet of shares = 3,000,000
Price of share = $20
Then, MV = 3,000,000 × 20
= $60,000,000
Answer:
Standard cost Supplies= $3,480
Explanation:
Giving the following information:
The cost formula for catering supplies is $400 per month plus $82 per job plus $10 per meal.
The company expected its activity in September to be 20 jobs and 144 meals.
<u>To calculate the total budgeted cost, we need to multiply the standard cost for the planned production:</u>
Standard cost Supplies= 400 + (82*20) + (10*144)
Standard cost Supplies= $3,480
Answer:
While taking courses at a community college, Patrice also spends time each week assisting at her town’s community center. Patrice aides the community center leaders and learns about how the center works. Although she is not paid for this time, she hopes to begin a full-time job at the community center after finishing her courses. Patrice’s time at the community center is called
Explanation:
D. an internship
