The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income.
Answer:
C. unfavorable direct labor cost variance
Explanation:
The payment of cash bonuses would result in an unfavorable direct labor cost variance
. The Direct labor cost variance is unfavorable if the actual cost per hour is higher than the standard cost which in this question is as a result of bonuses charged to the direct labor budget. In other word, the factory paid more per hour of labor than what it has estimated
Answer:
Accounting equation is stated as follows:
Assets = Liabilities + Stockholder's Equity
Transaction 1
Providing services will increase revenue, which will increase stockholder's equity. And since it is on account it will increase assets by the same amount = $39,000
Transaction 2
Cash received will increase cash in assets and will decrease accounts receivables in assets. Net effect = 0
Transaction 3
Purchase of equipment will increase equipment that is asset by $24,000 and further it is purchased through a note payable, it will increase liability with the same amount.
Transaction 4
This will decrease cash as paid in cash which will decrease assets, and further this will be expense for the period which will decrease the revenue and will decrease the stockholder's equity.
Answer:
Disagree
Explanation:
The decrease in the demand for the apartments caused the decrease in the rent price, not vice versa. When the quantity demanded of a product decreases, the equilibrium price will also decrease.
This situation was probably the result of a leftward shift in the demand curve which resulted in a decrease of both the quantity demanded and the rental price. In my opinion, this shift was probably due to a decrease in the income of people demanding rental apartments. Detroit's largest industry is the car industry, and American car manufacturers are not doing very well lately.
Options;
- Gear icon > Account and Settings > Billing and Subscriptions
- Client Overview > Company Setup
- Client Overview > Common Issues
- Left navigation > Apps
Answer:
- <u>Left navigation > Apps </u>
<u>Explanation:</u>
Interestingly, in QuickBooks Online a provision was recently made to find the apps connected to an account, by clicking the Left navigation pane, then Apps.
However, one can just go to https://apps.intuit.com.
Select My Apps> then a list of apps connected to the QuickBooks Online company would be displayed.
