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2 years ago

In each of the following situations, indicate whether the 50% reduction for meals applies.

Business

1 answer:

Mashcka [7]2 years ago

5 0

Answer:

Each year, the employer awards its top salesperson an all-expense-paid trip to Jamaica.

This should be considered as part of the employees' compensation (and the employee should be taxed), therefore, the company can deduct 100% of it.

The employer has a cafeteria for its employees where meals are furnished at cost.

Cafeteria meals are not included in the 50% deduction.

The employer sponsors an annual Labor Day picnic for its employees.

This is considered a recreational activity paid by the employer, so the 50% deduction does not apply.

Every Christmas, the employer gives each employee a fruitcake.

It is a fringe benefit, although I doubt that the employees are taxed for receiving a fruit cake. There is no 50% deduction. (referred to as de minimis fringe benefit)

The taxpayer gives business gifts to her clients at Christmas.

Business gives are not subject to a 50% deduction, instead they are subject to a $25 limit.

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This video, carl describes paas, a type of cloud computing in which the customer provides the application software and data,

stepan [7]

Cloud computing company provides the information

8 0

2 years ago

The following information pertains to Lessor Company: Total assets $150,000 Total current liabilities 110,000 Total expenses 160

ipn [44]

Answer:

Achieved. The ROI currently is 13.33% So the prohect earning a ROI of 12% was accomplished

Explanation:

Return on Investment will be Income/ Investment Capital

Which in this case is defined as total assets.

So it would be Income / Total Assets

The last is a given figure: 150,000

Now let's first find out the income:

180,000 revenues - 160,000 expenses = 20,000 net income

Finally calculate the ROI 20,000/ 150,000 = 13.33%

8 0

3 years ago

Ford produces 100,000 cars this year and only sells 95,000. The 5,000 cars that are not sold _______ listed in ________ category

Gekata [30.6K]

Answer:

Are; investment

Explanation:

Ford produces 100,000 cars this year and only sells 95,000. The 5,000 cars that are not sold are listed in investment category of GDP

Gross Domestic Product(GDP) is the measures of the value of economic activity in a country during a period of time. It is the monetary value of all finished goods and services made within a country during a specific period.

GDP is a number that expresses the worth of the output of a country in local currency. It is a tool which guides policymakers, investors, and businesses in strategic decision making.

GDP can be calculated using the following method

1. Income method

2. Expenditure method

3. Production method

6 0

2 years ago

3 Points

Maslowich

Answer:

C. An auction market

Explanation:

Option A is wrong because merchant wholesalers purchase any products directly from the manufacturers and sell those to the retailers, or consumers. In that case, buyers and sellers do not need to come together to complete a transaction.

Option B is incorrect as the warehouse club is recognized as a retail store where customers can purchase bulk products to reduce the expenses. In that case, only sell is the motive.

Option D is wrong because drop shippers cannot hold the inventory to their stocks. Therefore, customers and manufacturers will not come together.

Option C is correct because, in an auction market, the buyer and the seller have to come at the same time to complete a transaction. In that market, the buyer will directly negotiate with the seller to purchase a product or something else.

5 0

2 years ago

Read 2 more answers

List any five prohibited activities during foreign employment.

Zinaida [17]

Answer:

Some of the things that those who work abroad who work abroad cannot do are: Vote for a political candidate from that country.

Explanation:

8 0

1 year ago