The taxable benefit for an automobile provided by an employer is calculated based on the personal use of the vehicle by the employee. The Canada Revenue Agency (CRA) provides guidelines for calculating the taxable benefit.
Consider a situation where an employee receives a company car worth $40,000 and uses it for both work and personal travel. Determining the car's personal use is necessary.
The standby fee is computed using the car's original purchase price. The standby charge rate for 2022 is 27%.
Standby charge = Original cost of the car × Standby charge rate
Standby charge = $40,000 × 27% = $10,800
For 2022, the operating cost benefit rate is $0.28 per kilometer
Operating cost benefit
= Total kilometers driven × Operating cost benefit rate
Operating cost benefit = 10,000 kilometers × $0.28/kilometer = $2,800
Total taxable benefit = Standby charge + Operating cost benefit
Total taxable benefit = $10,800 + $2,800 = $13,600
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Owners of florida homesteads can deduct $50,000 of the assessed value for properties valued at more than __________.
Explanation:
Yeuwjee728228282jsjnsnsns
BTW
A pricing strategy is
A. a long-term approach to setting prices in a companywide integrated effort.
B. the use of one-time seasonal discounts to reduce inventory.
C. the use of slotting allowances to gain access to distribution channels.
D. a short-term approach to setting prices.
E. associated with competitive threats in the marketplace.
A pricing strategy refers to a long-term approach to setting prices in a companywide integrated effort. It involves considering various factors such as the costs of production, desired profit margins, competition, and customer behavior to determine the optimal pricing for a product or service.
A pricing strategy is not a one-time or short-term approach, but rather a continuous process of evaluating and adjusting prices to meet changing market conditions.
While competitive threats in the marketplace can influence pricing decisions, a pricing strategy involves considering broader business objectives and aligning pricing decisions with overall company goals.
Pricing strategies can also include the use of discounts, promotions, and other tactics to attract and retain customers and drive sales.
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9.21 The ABC Corporation placed an asset in service three years ago. The company uses the MACRS method (seven-year life) for tax purposes and the straight-line method (seven-year useful life) for fina
The difference in the current book value obtained using both methods is $27,143.
The cost of the asset is $100,000 and the salvage value used for depreciating purposes is $20,000. The useful life of the asset is 7 years, therefore the annual depreciation is $100,000 - $20,000 / 7 = $12,857.14.
Depreciation for the first three years (using straight-line method) = 3 x $12,857.14 = $38,571.42.
Book value = Cost - Accumulated depreciation
Book value using straight-line method = $100,000 - $38,571.42 = $61,428.58
Depreciation for the first three years (using MACRS) = (0.1429 + 0.2449 + 0.1749) x $80,000 = $34,285.71.
Book value using MACRS method = $100,000 - $34,285.71 = $65,714.29
The difference in the current book value obtained using both methods = $65,714.29 - $61,428.58 = $4,285.71.
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Complete question is:
The ABC Corporation placed an asset in service three years ago. The company uses the MACRS method (seven-year life) for tax purposes and the straight-line method (seven-year useful life) for financial reporting purposes. The cost of the asset is $100,000, and the salvage value used for depreciating purposes is $20,000. What is the difference in the current book value obtained using both methods?
Question 5 of 10
One example of a short-term savings strategy is:
A. a free checking account.
B. an employer-sponsored 401(k) plan.
C. a low-interest bank account.
D. a high-risk stock market investment.
SUBMIT
Answer:
A. a free checking account.
Explanation:
Saving involves putting money aside in a safe place for future use. Banks and financial institutions offer saving accounts as safe and secure platforms for firms and individuals to save.
A checking account is among the types of savings accounts offered by financial institutions. This type of savings account allows customers to save money that they do not wish to spend immediately. A checking account is risk-free and, therefore, a good strategy for short term saving.
Answer:
a low-interest bank account.
Explanation:
i got this right
Melissa plans to become a nurse. What would be a good extracurricular activity for Melissa during high school? O A. O B. O C. O D. joining the cheerleading squad taking charcoal drawing lessons participating in gymnastics volunteering at a health clinic after school
Answer:
Volunteering at a health clinic after school
Explanation:
If Melissa plans on becoming a nurse, she should look for extracurriculars which could help support her in her future years. Volunteering at a health clinic could provide her with hands on experience opposed to cheerleading or charcoal drawing which are good for hobbies and fun activities. But if Melissa really has a passion to become a nurse she should look for extracurriculars which not only interest her but may be of benefit to her.
In terms of the tax formula applicable to individual taxpayers, which of the following statements, if any, is correct?
a. In arriving at AGI, a taxpayer must elect between claiming deductions for AGI and deductions from AGI.
b. In arriving at taxable income, a taxpayer must elect between claiming deductions for AGI and deductions from AGI.
c. If a taxpayer has deductions for AGI, the standard deduction is not available.
d. In arriving at taxable income, a taxpayer must elect between deductions for AGI and the standard deduction.
e. None of these.
In terms of the tax formula applicable to individual taxpayers,
The correct answer is a. In arriving at taxable income, a taxpayer must choose between the standard deduction and itemized deductions.
A taxpayer is anyone who owes taxes to the federal, state, or municipal governments, whether they are an individual or a corporation. Governments primarily obtain their funding through taxes, which are levied on both citizens and companies.The word "taxpayer" comes from a time when buildings were built at a low cost in densely inhabited areas so that property owners could reclaim their property taxes.Taxpayer money is it?
Money held by taxpayers, whether they are people or companies, is referred to as taxpayers' money. Public funds are all sums of money that the government invests or spends in order to meet current or future demands.
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Define store records
Answer:
this is an important document that helps an organisation to determine the rate of use of raw materials
What is the process of managing changes to the business requirements throughout the project?
Requirements management
Requirements definition document
Requirements documentation
All the above
the process of managing changes to the business requirements throughout the project is known as requirements management.
Descriptions of the necessary system characteristics and functionalities are established during the analysis phase. Screen designs, business rules, process diagrams, pseudo code, and other documentation might be included in these descriptions.
How do you manage requirements?Requirements management in the project seeks to ensure that a business accurately documents, validates, and meets the needs and expectations of its customers and other internal or external stakeholders. The first step in requirements management is the analysis and elicitation of the organization's objectives and constraints.
Requirements managing is changes to the business requirements throughout the project
Other elements of requirements management include assisting with planning for requirements, integrating requirements and the organization for dealing with them, as well as interactions with other information delivering on requirements and modifications for these.
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Which of the following is not the process of financial management? A Evaluating financial status B Setting goals C Record monthly expenses D Creating financial plan
Answer:
C) Record monthly expenses
Explanation:
Using the pie chart in your reading, what percentage of our total tax dollars is used by the federal gov. to fund the social security and Medicare programs?
Answer: 38%
The percentage spent on Social Security and Medicare of the total is = 28.32% of the Total Spending.
The total amount of funds used by the Federal Government for social security and Medicare in the year 2020 is $1.869 Trillion.
The total Medicare and Social Security spending:
Medicare ($ 769,000,000,000) + Social Security ($ 1,100,000,000,000) =
Total ($ 1,869,000,000,000) or $1.869 Trillion
The percentage of the Medicare and Social Security spending as a percentage of the total spend:
The Total Spend = $6.6 Trillion (or $6,600,000,000,000)
The percentage spent on Social Security and Medicare of the total is:
Formula = (Value / Total) x 100%
= ($1.869 Trilion/$6.6 Trillion) x 100%
= ($ 1,869,000,000,000/$6,600,000,000,000) x 100%
= 0.28318181818 X 100%
= 28.32%
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The first insurance company in the United States was
The first insurance company in the United States was the Philadelphia Contribution ship for the Insurance of Houses from Loss by Fire, founded in 1752 by Benjamin Franklin and his associates.
The company was established in response to the frequent and devastating fires that occurred in colonial Philadelphia. Details are as follows:
Founding: The Philadelphia Contribution ship was founded on February 13, 1752, with a mission to provide financial protection to homeowners in the event of fire-related losses.
Structure: The company operated as a mutual insurance company, meaning it was owned by its policyholders rather than external shareholders. Policyholders shared the risk collectively and contributed to a common fund to cover losses.
Fire Insurance: The primary focus of the Contributions hip was fire insurance. It offered policies to homeowners to protect their houses, buildings, and other property from fire-related risks.
Premiums and Policies: Policyholders paid premiums to the company based on the value of their insured property. In return, they received a policy that detailed the terms and conditions of their coverage.
Growth and Legacy: The Philadelphia Contribution ship played a significant role in shaping the insurance industry in the United States. It set a precedent for the establishment of other insurance companies across the country.
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TRUE OR FALSE: When using a debit card you must use your pin
Answer:
True
You must use your pin, because the bank has to verify that it is actually you, and not a robber/someone else.
Hope it helps!
In some arts, A/V technology, and communication careers, workers participate in apprenticeships. Why are
apprenticeships useful?
They allow experienced workers to learn new skills.
O They allow experienced workers to stay home from work.
O They allow new workers to get job experience.
They allow new workers to have paid benefits.
Answer: they allow new workers to get job experience
Explanation:
I know this from the back of my head and just took the test!
If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) If you have a checking account and want to buy something online, which method of payment would be most convenient? (Select the best answer.) Writing a check Using an overdraft Using your checkbook register Using a debit card
Answer:
Using a Debit card
Explanation:
Online transaction and payments are transactions that are conducted virtually and electronically through the internet and computer network. One major attribute of this medium of payment is that physical method of payment are minimally used. An example of a medium of online payment is the use of a debit card
A debit card is a payment card issued by financial organization and linked to a customers checking account , which can be used to pay for purchases made through an online platform. It is a faster and saver means of payment.
Answer:
Debit Card (got it right on my test)
Explanation:
Discuss the importance of financial markets for a healthy economy and economic growth.
Answer:
I think financial markets can provide money to health and economic institutions in case they need it
Answer:
A well-developed and smoothly operating financial market is essential for healthy economic growth. Financial markets act as intermediaries between borrowers and investors and channel money into the economy.
Financial markets and money markets are efficient ways for companies and governments to collect money for their needs. Governments collect money for building public infrastructures such as roads, ports, airports, bridges, and other purposes. These projects help governments create new jobs, stimulate economic growth, and earn more tax revenue in the future.
Companies borrow money for business expansion, which creates more jobs and increases economic output. Companies earn more revenue due to business expansion, and the government collects more taxes.
The financial market acts as a channel between investors and borrowers, so it needs to be efficient and robust. A strong financial market can attract funds from a huge population of small investors and accelerate economic growth.
Explanation:
This is the sample answer (word for word)
What is it called when a nation transfers ownership of state property into the hands of private investors, managers, or owners?
The process of transferring ownership of state-owned assets or property to private investors, managers, or owners is called privatization.
Privatization can take various forms, including outright sales, public offerings, or transfer to private management or ownership through concessions, leases, or contracts.
The aim of privatization is often to improve efficiency, profitability, and competitiveness by introducing private sector incentives and disciplines, reducing government intervention and bureaucracy, and increasing private investment and innovation.
Privatization can apply to a range of assets, such as companies, utilities, infrastructure, land, and natural resources, and can have significant economic, social, and political implications.
While privatization can bring benefits, such as increased productivity, investment, and employment, it can also lead to concerns about inequality, public service provision, and accountability.
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Taking notes is likely to increase your
A. Enunciation
B. Focus
C. Speaking ability
D. Logic
Answer:
A. Enunciation
Explanation:
Answer:
A
Explanation:
A straight note for $13,400 was executed at 8 nnual interest. if the borrower actually paid $3,752 in interest, how many months did he take to pay it off?
If the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
Given,
Total amount - $13,400
Annual interest - 8%
Interest amount paid - $3,752
Thus,
In order to calculate how many months did it take for the borrower to pay off interest amount of $3,752, we first have to calculate the per month interest payment. For which the calculation is given below.
Per month interest = (13,400 * 8%) / 12
= $89.33
Months it took to pay $3,752
= $3,752 / $89.33
= 42 months
Hence, if the borrower actually paid $3,752 in interest, he took 42 months to pay the whole amount.
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j.c. penney sells a timex watch for $139.99 that cost $89.97. j.c. penney's percent of markup based on the selling price is:
J.C. Penney sells a Timex watch for $139.99 that cost $89.97. J.C. Penney's percent of markup primarily based on the selling price is: ($50.02/$139.99 = 35.73%.)
What does JCPenney sell?J. C. Penney Co., Inc. is a holding company, which thru its subsidiary, J. C. Penney Corporation, Inc., engages in the promoting merchandise and offerings to consumers thru its branch stores and website. It presents appliances, handbags, shoes, jewelry, shoes, and clothes.
How is JCPenney doing financially 2022?It now has 650 shops throughout the majority of U.S. states and Puerto Rico. JCPenney estimates its income for the 2022 fiscal 12 months will whole $9 billion, up 10% from 2021 however down 16% from 2019, according to the Wall Street Journal.
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wsup peeps this is a really odd one but what problem do you think is going on the most so I can write a PSA about it lol this is opinionative and plus+ you can get 100 POINTS just for the heck of it lol \($o$)/
Answer:
i reali dont now what you ride
Explanation:
how do you start a business successfully
Which of the following arguments did Randolph Bourne advance in Document 127?
Group of answer choices
a. He explained why wars were good for a country
b. He urged Americans to wage wars across the globe
c. He focused on how wars changed societies in negative ways
d. he urged Americans to invade Mexico in 1917
The correct answer is: c. He focused on how wars changed societies in negative ways
According to my database, Randolph Bourne in Document 127 focused on how wars changed societies in negative ways. He argued against the glorification of war and criticized the idea that war could be a unifying force for a country. He believed that war caused social divisions and the suppression of dissenting voices, leading to a loss of individual freedom and democratic values.
Randolph Bourne in Document 127 argued against the notion that wars could be a positive force for a country and instead focused on the negative effects of war on society. He believed that the glorification of war and the idea that it could be a unifying force for a country were both misguided and dangerous.
Bourne argued that wars caused social divisions within countries by creating an "us vs. them" mentality, where people were encouraged to see those who disagreed with the war effort as unpatriotic or even traitorous. This led to the suppression of dissenting voices and the loss of individual freedoms, which he saw as a serious threat to democratic values.
Furthermore, he argued that wars led to a militarization of society, with military values and practices becoming more prominent in civilian life. This, in turn, led to a suppression of creativity and individualism, as people were expected to conform to strict codes of behavior and thought.
Overall, Bourne's argument was that wars had far-reaching negative consequences for society and democracy, and that the glorification of war was both misguided and dangerous.
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Definition of literature
Answer:
writings in which expression and form, in connection with ideas of permanent and universal interest, are characteristic or essential features, as poetry, novels, history, biography, and essays
Explanation:
Answer:
the art of written works, and is not bound to published sources (although, under circumstances they can be exempt).
Explanation:
which sector require joint or collaborative works in our communities
Answer:
Collaborative working can last for a fixed length of time or can form a permanent arrangement. What these options have in common is that they involve some sort of exchange, for mutual advantage, that ultimately benefits end users.
Types of collaborative working
Separate organisations maintain their independence, but work jointly on some activities or functions
Organisations with resources or expertise offer assistance to other organisations, eg a large national organisation working with a small local group
A new organisation to do joint work on some activities or functions
A group structure where a 'parent' organisation governs a group of 'subsidiary' organisations
Merger to form a new organisation working as one body on all activities
Explanation:
If a new car is valued at $21,300 and 7 years later it is valued at $8000, then what is the average rate of change of its value during those 7 years?
The average rate of change of the car's value over the 7-year period can be calculated by finding the difference in value and dividing it by the time elapsed. In this case, the initial value of the car is $21,300 and its value after 7 years is $8,000.
To calculate the average rate of change, we subtract the initial value from the final value: $8,000 - $21,300 = -$13,300. The negative sign indicates a decrease in value.
Next, we divide the difference in value by the time elapsed, which is 7 years: -$13,300 / 7 = -$1,900 per year.
Therefore, the average rate of change of the car's value over the 7-year period is -$1,900 per year, indicating a depreciation in value of $1,900 per year on average.
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ASAP PLEASEEE!!! If the price level were to rise from 160 to 200, in what direction and by how much would the value of a dollar change?
Answer:
- Downward direction
- The change in dollar value is 0.00125
Explanation:
Given
\(P_1 = 160\)
\(P_2 = 200\)
Required
Direction and value of dollar change
Value is calculated using
\(V = \frac{1}{P}\)
When \(P_1 = 160\), the value is:
\(V_1 = \frac{1}{160}\)
\(V_1 = 0.00625\)
When \(P_2 = 200\), the value is:
\(V_2 = \frac{1}{200}\)
\(V_2 = 0.005\)
So, we have:
\(V_1 = 0.00625\)
\(V_2 = 0.005\)
Notice that \(V_1 > V_2\)
i.e. the initial value is greater than the new value
Hence, the value of dollar moves down
The change in value is:
\(\triangle V = |V_2 - V_1|\)
\(\triangle V = |0.005 - 0.00625|\)
\(\triangle V = |- 0.00125|\)
Remove absolute sign
\(\triangle V = 0.00125\)
The change in dollar value is 0.00125
A person decides to buy a book to read rather than buying a movie ticket. The movie ticket that the person has given up, is known as
Answer:
deficit
Explanation:
The person decided to buy a book rather than buy a movie ticket. The movie ticket given by the person is his opportunity cost.
What is an opportunity cost?Opportunity cost refers to the cost of forgone alternative. In simple words, it means the level of satisfaction that can be derived from choosing another thing over one.
If the person buys the book rather than buying a movie ticket, the satisfaction that can be derived from watching the movie will be termed as the opportunity cost incurred by the person.
Therefore the correct option is opportunity cost.
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What are interpersonal skills?
A.
the skills required to develop your personality
B.
the skills required to grow in your job role
C.
the overall way of portraying yourself when communicating with others
D.
the overall way you deal with conflicts
Answer:
The answer is 2
Explanation:
Answer is the letter D the overall way you deal ith conflicts
Answer:
C.
the overall way of portraying yourself when communicating with others
Explanation:
Hi I am doing a product based on green mountain soda but I cannot find the memo please someone help me and give me context and information and everything about green mountain soda.
Answer:
Green Mountain Soda was a brand of soda that was produced by the Green Mountain Beverage Company. The company was founded in 1995 and was based in Vermont. Green Mountain Soda was known for its unique flavors, including black cherry, root beer, cream soda, and orange cream.
The company used natural ingredients and sweeteners in its products, and its soda was popular among health-conscious consumers who preferred beverages with fewer artificial ingredients. In addition to its soda line, Green Mountain Beverage Company also produced a line of teas and lemonades.
However, it appears that Green Mountain Soda is no longer in production. It is possible that the company went out of business or was acquired by another company. If you are looking to create a product based on Green Mountain Soda, you may want to consider creating a new brand with similar flavors and characteristics.
Explanation:
As PlastiPharm’s business has expanded, the company has built a new addition and added new equipment. Each machine has the capacity to monitor the heat of the raw materials as they go through the machine – maintaining a temperate of 370 degrees, plus or minus ten degrees. If the temperate fluctuates beyond those parameters, the machine shuts down, and floor technicians address the issue and adjust ensure quality is maintained in the product. In addition, 100 percent of all products are visually inspected for defects. Why does PlastiPharm take such great efforts to ensure its products meet industry standards and customers’ needs?
The PlastiPharm take great efforts to ensure its products meet industry standards and customers’ needs because fulfilling the customer need and providing the customers good quality produce is one of the long-term goal of the industry.
What is an industry?An industry refers to a group of enterprises or companies or businesses in the market. An industry provides and services to the customers in the market.
The terms industry and sector are often used interchangeably to describe a group of companies that operate in the same segment of the economy or share a similar business type.
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