Answer:
Gina must report the $13,000 as income for the current year.
Explanation:
According to the tax benefit rule, any recovered expense ($13,000) must be included as income in the extent at which it resulted in a tax benefit.
Since Gina had a net $16,000 long term capital gains that were offset by her $18,000 loss, the $13,000 will partially replace most of the capital gains that were reduced the previous year.
Answer:
A partnership is easy and inexpensive to establish
the business benefits from pooled knowledge and skills of different partners
the workload is shared
more partners can be added,which could help increase capital
partnerships are not compelled by law to complete audits on financial statements
Explanation:
According to the situation where an invitation is given to an important political figure was invited to make a speech. However, because you cannot give her an honorarium, reminding her that she is speaking to future political figures is an example of Indirect benefit.
Based on the scenario, the person who gave the invitation is using a way to encourage the political figure that even though she would not get an honorarium, she would be making an impact to the futre politicians.
This is an effective way to make the political figure to give her speech.
Therefore, the correct answer is option B
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Answer: Banks have more funds to issue loans to consumers and businesses, which increases consumer and business spending, employment, and economic growth.
Explanation:
The answer is that it indicated the order of "greater importance".
A hierarchy refers to an arrangement of things (objects,
names, values, classes, and so on.) in which the things are represented to as
being "above", "beneath", or "at an indistinguishable
level from" each other. A hierarchy can connect elements either specifically
or in a roundabout way, and either vertically or diagonally. Authoritative structures exist that are both unconventional
and correlative to hierarchy.