For a loan, what do you call the amount that you borrow?

A proposed change to federal income tax laws would eliminate deductions from taxable income for donations a taxpayer has made to

Vilka [71]

Answer:

The correct option here is A).

Explanation:

Option A - is correct because according to the conclusion given in the argument, charitable institutions would have to reduce their services and some might have to close their doors , which means the assumption we are going to take will have a direct affect on these institutions , now if we assume that this assumption is false, that means whether this change comes or not charitable institutions will receive donations but that is not the case , so this option has to be correct.

Option B - this option is not right because it is nowhere said that these wealthy individuals are the only source of donations for charitable institution.

Option C - this option is also not correct because here no assumption is being made, the given statement is a consequence of not bringing the change.

Option D - this option is also not correct because there can be other individuals who can make donations.

Option E - this option is also not correct because here an alternative change to tax law is being talked about not the assumption of the argument.

6 0

4 years ago

Lori purchased a home for $250,000 with an additional $5,000 in related purchase costs and then added a garage at a cost of $25,

Tanzania [10]

Answer: $10,000

Explanation:

If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.

Lori passes the ownership test and so can claim the tax exclusion.

Capital gain:

= Cash received - Purchase costs

= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)

= $260,000

After claiming exclusion of $250,000

= 260,000 - 250,000

= $10,000

3 0

3 years ago

Decision Point: Choosing Your Shake's Packaging You've selected the formula for the turmeric shake. You now need to decide on th

lions [1.4K]

Answer:

Drink pouch

Explanation:

The Drink pouch will the best best choice for the packaging of the turmeric shake. It is 12 ounce drink pouches that are fitted with screw tops which are resealable, lightweight and portable. The pouches are inexpensive to purchase.

It is the best choice as the customers wants the packaging style that offers them the convenience in storage as well as in consumption. The drink pouches are designed such that it can be resealed and the lightweight of packaging material is convenient to carry places. Also the cost of the drink pouch is 12 ounce which keeps the production cost low, that preserves in the Fine Fettle's profit margin.

7 0

3 years ago

Is 15 credit hours too much for a freshman?

LUCKY_DIMON [66]

Depends on the student, where they are staying while attending school, and how determined they are. If they are really determined and staying at home with a good support system then no.

4 0

3 years ago

The income statements for Federer Sports Apparel for 2019 and 2018 are presented below Required Prepare a horizontal analysis fo

nignag [31]

Answer:

FEDERER SPORTS APPAREL

Income Statement For the Years Ended December 31

Years Increase /(Decrease)

2019 2018 Amount %

Net sales 18,800,000 15,500,000 3,300,000 21.29%

Cost of goods sold 13,200,000 7,000,000 6,200,000 88.57%

Gross profit 5,600,000 8,500,000 (2,900,000) -34.12%

Operating expenses 1,600,000 1,200,000 400,000 33.33%

Depreciation expense 1,000,000 1,000,000 0 0

Inventory write-down 200,000 0 200,000 100%

Loss (litigation) 1,500,000 300,000 1,200,000 400%

Net Income $1,300,000 $6,000,000 (4,700,000) 78.33%

Explanation:

a) Federer Sports Apparel can use horizontal analysis as a technique for analyzing the financial statement changes over a period of time. It is a useful tool for Federer to evaluate its trend situations, using the financial statements of two years with the earlier year serving as the base year (or independent variable) while the latter year is the dependent variable.

6 0

4 years ago