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3 years ago

WHAT IS A Parliamentary System ABOUT

Business

1 answer:

Zarrin [17]3 years ago

4 0

Answer:

A parliamentary system or parliamentary democracy is a system of democratic governance of a state (or subordinate entity) where the executive derives its democratic legitimacy from its ability to command the support ("confidence") of the legislature, typically a parliament, to which it is accountable.

Explanation:

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Since 1960, when the central american beef market began booming, over 25% of the rainforests have been cleared for cattle grazin

faust18 [17]

Since 1960, when the Central American beef market began booming, over 25% of the rainforests have been cleared for cattle grazing is a TRUE statement.

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3 years ago

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as p

Jet001 [13]

Answer:

Students believe that if the initiative does not happen, the funds for the initiative will not be spent elsewhere.

Explanation:

The visual appearance is both non rival and non excludable I.e. Pure public good

Benefit is 17*490=8.330

Benefit is greater than cost so college administrators should undertake the beautification initiative

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3 years ago

Orie and Jane, husband and wife, operate a sole proprietorship. They expect their taxable income next year to be $450,000, of wh

docker41 [41]

Answer:

A. 19,800

B. Check answer

Explanation:

In this question, we are asked to calculate or find out two things

Tax payable on $450,000 if they does not incorporate the sole proprietorship and file joint is 108,879.

If they incorporate sole proprietorship and shift $250,000 to it, on balance $200,000 taxable income they pay $36,579 on their individual return and on $250,000 business income at 21% tax payable is $52,500. Thus, total tax payable is $89,079.

By shifting $250,000 income to corporate, they are saving $19,800 in taxes.

Their marginal tax rate is 22% once their income crosses $77,400. It is beneficial if they keep $77,400 taxable in their hands and the balance $372,600 in the hands of the corporate at 21%.

3 0

3 years ago

When property is contributed to a partnership in exchange for a capital and profits interest, when does the partner’s holding pe

Degger [83]

Answer:

The day the property was contributed.

Explanation:

A holding period refers to the time period an asset or investment is held by a business or an investor, or the period between when the asset is bought and when it is sold.

The character or type of an asset contributed to a partnership in exchange for a capital and profits interest determines the beginning of the partner’s holding period as follows:

1. If the capital asset or property contributed by the partner has been used in a trade or business just before it is contributed to the partnership, the holding period of the partner for the partnership interest will include the holding period of the capital asset or property contributed.

2. If the capital asset or property contributed by the partner is exchanged for money, capital or other property, the beginning of the holding period of the partner in the day of acquisition of the interest, i.e., the day the property was contributed.

Since the question states that the property is contributed to a partnership in exchange for a capital and profits interest, rule number 2 above therefore applies. That is, the partner’s holding period begin for the partnership interest the day the property was contributed.

8 0

3 years ago

Liz and John formed the equal LJ Partnership on January 1 of the current year. Liz contributed $80,000 of cash and land with a f

qwelly [4]

Answer:

Consider the following calculations

Explanation:

a. Liz: Gain = $90,000 - $75,000 = $15,000

John: Gain = $170,000 - $20,000 = $150,000

Partnership: The total value of property received

b. As per section 721, There is no gain or loss is recognized by partnrhsip or other partners on formation of the entity.

c. Liz: Substituted basis = $80,000 + $75,000 = $155,000

John: Substituted basis = $20,000 i.e. in equipment

d. Partnership LZ : Carry over basis = $80,000 + $75,000 + $20,000 = $175,000

e. No, there is no diffrence.

Inside basis : $80,000 + $75,000 + $20,000 = $175,000

Partners

7 0

3 years ago