Answers
Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec).
For taxable income, what is subtracted from gross income?Any gross income produced that is factored into the calculation of your tax liability is referred to as taxable income. It is essentially your adjusted gross income minus any deductions. Included are any pay from the employer, including wages, tips, salaries, and bonuses. Included are investments and unearned income.In accordance with Section 80A (1), the deductions listed in Sections 80C to 80U must be permitted from the assessee's gross total income when determining their total income. In any circumstance, the assessed person's gross total income cannot be exceeded by the total deduction amount allowed under this section.Employee contributions to an approved pension plan, Registrable retirement savings plan contributions and union dues (not applicable in Quebec),deductions for residing in a designated zone that are listed on the employee's federal personal tax credit return and are approved by the CRA.To learn more about Taxable income refer to:
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Related Questions
¿In two to three sentences, explain why it is important to have insurance.?
Answers
Answer:
Explanation:
Insurance protects yourself, your assets, or even your family against financial loss. Oftentimes, events, such as cancer or a car accident, are random and have the potential to financially run people. Insurance is a way to reduce the financial impacts of these risks.
Value of a mixed stream Harte Systems, Inc., a maker of electronic survillance equipment, is considering selling to a well-known hardware chain the rights to market its home security system. The proposed deal calls for the hardware chain to pay Harte $30,000 and $25,000 at the end of years 1 and 2 and to make annual year-end payments of $15,000 in years 3 through 9. A final payment to Harte of $10,000 would be due at the end of year 10. a. Select the time line that represents the cash flows involved in the offer. b. If Harte applies a required rate of return of 12% to them, what is the present value of this series of payments? c. A second company has offered Harte an immediate one-time payment of $100,000 for the rights to market the home security system. Which offer should Harte accept?
Answers
Answer:
101,288
Explanation:
We can calculate the present value of each cash flow by dividing it by the rate of return along with the power of each period in which each cash flow occurs.
Requirement a: Timeline that represents the cash flows involved in the offer
year 1 - 30,000
year 2- 25000
year 3 - 15000
year 4 -15000
year5 -15000
year6 -15000
year 7-15000
year8 -15000
year9 -15000
Requirement b: If Harte applies a required rate of return of 12% to them
Present Value
year 1 - 30,000 /1.12 26,786
year 2- 25000 /(1.12)^2 19,930
year 3 - 15000 /(1.12)^3 10,677
year 4 -15000 /(1.12)^4 9,533
year5 -15000 /(1.12)^5 8,511
year6 -15000 /(1.12)^6 7,599
year 7-15000/(1.12)^7 6,785
year8 -15000 /(1.12)^8 6,058
year9 -15000/(1.12)^9 5,409
101,288
Requirement C:
It should accept the second offer of paying $100,000 as the first offer payment (i.e $101288.5) is greater than $100000
g Used clothing of taxpayer and his family (all acquired more than a year ago) $1,350 $ 375 Stock in ABC, Inc., held as an investment for 15 months 12,000 10,875 Stock in MNO, Inc., held as an investment for 11 months 15,000 18,000 Real estate held as an investment for two years 15,000 30,000 The used clothing was donated to the Salvation Army; the other items of property were donated to Eastern State University. Both are qualified charitable organizations. Disregarding percentage limitations, Zeke's charitable contribution deduction for the year is
Answers
Answer:
$56,250.
Explanation:
So, we are given the following data or parameters or information which we will use to solve this particular problem or Question;
=>" Used clothing of taxpayer and his family (all acquired more than a year ago) = $1,350 for Basis and Fair market value = $ 375 "
=> "Stock in ABC, Inc., held as an investment for 15 months 12,000 for Basis and 10,875 for fair market value."
=>" Stock in MNO, Inc., held as an investment for 11 months 15,000 for Basis and 18,000 for fair market value. "
=> "Real estate held as an investment for two years 15,000 for basis and 30,000 for fair market value."
Zeke's charitable contribution deduction for the year can be calculated by adding the the fair markets values of :
Used clothing of taxpayer and his family (all acquired more than a year ago) + Stock in ABC, Inc., held as an investment for 15 months + Real estate held as an investment for two years
Then, the result gotten will be added to the Basis value for Stock in MNO, Inc., held as an investment for 11 months. Thus;
$ 375 + 10,875 + 30,000 = 41,250.
41,250 + 15,000 = $56,250.
You want to start a Business, but you are unaware about the Business risk. Analyze the factors that cause Business risks.
Answers
Answer:
Business risks can be caused by a variety of factors, including economic conditions, market fluctuations, regulatory changes, and natural disasters. It's important to understand these risks before starting a business so that you can take appropriate measures to mitigate them.
Explanation:
The business , u gotta pay the workers
Problems that may occur in a business due to lack of bureaucracy
Answers
Answer:
Bureaucracy helps to form a rigid organisation.
Explanation:
Any corporation needs formal as well as informal work groups in the organisation for a corporation to achieve its targets it will need the presence of a bureaucratic approach.
bureaucracy in the organisation is to increase the level of formality,
better communication among the colleagues
as well as increase overall productivity.
SOMEONE PLEASE ANSWER ILL GIVE BRAINLIEST I PROMISE FAST PLEASE
Answers
Answer:
pretty sure its B
Explanation:
Effective and carefully planned mission statements:
A) require major changes every few months.
B) require major changes every few quarters.
C) require major revision every few years.
D) do not require revision.
E) require infrequent major changes, but are always subject to revision.
Answers
Effective and carefully planned mission statements require infrequent major changes but are always subject to revision.
What are mission statements?
The mission statement of an organization succinctly states the reason for its operations, its ultimate goal, the kind of product or service it provides, its target market or clients, and the region in which it operates. It might contain a succinct description of important concepts like an organization's beliefs or philosophy, its key competitive advantages, or its "vision" for the future. It has historically been connected to Christian religious organizations; in fact, for many years, a missionary was thought to be someone on a mission that was especially religious. The Jesuits' sending of missionaries abroad is where the term "mission" first appeared in 1598.
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What are some Benefits of Government Debt?
Answers
Answer:
Increasing the debt allows government leaders to increase spending without raising taxes.
It can help deal with a crisis.
Explanation:
Sheffield Corp. thinks machine hours is the best activity base for its manufacturing overhead. The estimate of annual overhead costs for its jobs was $2850000. The company used 1000 hours of processing on Job No. B12 during the period and incurred overhead costs totaling $2900000. The budgeted machine hours for the year totaled 20000. How much overhead should be applied to Job No. B12
Answers
Answer:
the overhead applied is $142,500
Explanation:
The computation of the overhead applied is shown below:
= Estimated annual overhead cost ÷ budgeted machine hours × used hours
= $2,850,000 ÷ 20,000 machine hours × 1,000 hours
= $142,500
Hence, the overhead applied is $142,500
We simply applied the above formula
what does sales manager do?
Answers
Answer:
A sales manager is the person responsible for leading and coaching a team of salespeople. A sales manager's tasks often include assigning sales territories, setting quotas, mentoring the members of her sales team, assigning sales training, building a sales plan, and hiring and firing salespeople.
explanation: common sense
Compare and contrast the three most common types of healthcare indemnity plans.
Answers
10 principles of economics
Answers
The 10 principles of economics are:
People face trade-offs. To get something that we like, we usually have to give up something else that we also like.The cost of something is what you give up to get it. This is the concept of opportunity cost, which measures the value of the next best alternative that is forgone as a result of a decision.Rational people think at the margin. Rational people make decisions by comparing the marginal benefits and marginal costs of an action, not by comparing the total benefits and total costs.People respond to incentives. Incentives are something that induces a person to act, such as a reward or a penalty. Changes in incentives can affect people's behavior in predictable ways.Trade can make everyone better off. Trade allows people to specialize in what they do best and to enjoy a greater variety of goods and services at lower prices.Markets are usually a good way to organize economic activity. Markets are the institutions that bring together buyers and sellers of goods and services. In a market economy, prices and profits guide the allocation of resources and the production of goods and services.Governments can sometimes improve market outcomes. Sometimes markets fail to achieve efficiency or equity, due to externalities, public goods, market power, or incomplete information. In such cases, governments can intervene to correct the market failures and improve social welfare.A country's standard of living depends on its ability to produce goods and services.The most important determinant of a country's standard of living is its productivity, which is the amount of goods and services produced per unit of labor input.Prices rise when the government prints too much money. This is the phenomenon of inflation, which is an increase in the overall level of prices in the economy. Inflation is caused by excessive growth in the quantity of money, which reduces the value of money.Society faces a short-run trade-off between inflation and unemployment. This is the Phillips curve, which shows that in the short run, there is a negative relationship between inflation and unemployment. To reduce unemployment, the government can stimulate aggregate demand, which increases output and prices. To reduce inflation, the government can contract aggregate demand, which decreases output and prices. However, in the long run, the economy tends to return to its natural rate of unemployment, which is determined by structural factors, not by aggregate demand. Therefore, the long-run trade-off between inflation and unemployment is vertical, not downward sloping.NEED HELP ASAP
In the circular flow diagram with government, what does the government provide directly to firms?
A. expenditures
B. factors of production
C. taxes
D. goods and services
Answers
In the circular flow diagram, the government provides goods and services directly to firms. The correct option is D.
In the circular flow diagram, the government provides goods and services directly to firms. This is represented by the flow of resources from the government sector to the business sector.
The government plays a significant role in the economy by providing public goods and services that are necessary for the functioning of the society as a whole.
Public goods include infrastructure projects like roads, bridges, and public utilities, as well as services such as defense, law enforcement, and education.
These goods and services are not typically provided by private firms, so the government steps in to ensure their provision.
By supplying goods and services directly to firms, the government facilitates the production process and supports the overall functioning of the economy.
This enables businesses to operate efficiently and effectively, contributing to economic growth and development.
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A contingent liability is an obligation that should be: Question 2 options: A) Recorded in the accounts and classified in a contingent liabilities section of the balance sheet between current liabilities and long-term liabilities B) Classified in the owners' equity section of the balance sheet when the future event creating the liability is not likely to occur C) Disclosed in a footnote to the balance sheet when the contingency is remote D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur
Answers
Answer:
D) Recorded in the accounts if the amount may be reasonably estimated and it is probable that the future event creating the obligation will occur
Explanation:
This is the best answer to the question
Impact of Fast Fashion on consumer behaviour’s
Answers
Fast fashion has led to increased consumer demand, shorter product life cycles, and unsustainable consumption patterns, contributing to environmental and social impacts.
The impact of fast fashion on consumer behaviors can be significant and has several implications:
Increased Consumption: Fast fashion promotes a culture of constant buying and frequent clothing turnover. Consumers are encouraged to purchase more items due to low prices and the perception of fast-changing trends.Impulse Buying: Fast fashion relies on creating a sense of urgency and scarcity, leading to impulse purchases. Consumers may buy items they don't necessarily need or truly want.Disposability Mindset: Fast fashion contributes to a mindset of disposable clothing. Consumers may view garments as short-term, leading to a decrease in care and quality expectations.Environmental Impact: The high demand for fast fashion results in excessive resource consumption, pollution, and waste generation. The production processes and disposal of clothing have significant environmental consequences.Ethical Concerns: Fast fashion is associated with unethical labor practices, such as exploitation of workers in low-wage countries, poor working conditions, and human rights violations.These factors combined can lead to overconsumption, waste, environmental degradation, and social issues within the fashion industry.
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In each of the following situations, list what will happen to the equilibrium price and the equilibrium quantity for a particular product, which is an inferior good. DRAW THEGRAPHS
a. The population decreases and productivity increases
b. Income increases and the price of inputs increase
c. The number of firms in the market decreases and income decreases
d. Consumer preference decreases and the price of a complement increases
e. The price of a substitute in consumption increases and the price of a substitute in production increases
Answers
Answer:
how to draw graf in this
Discuss five strategies that the chosen business can use to become profitable
Answers
Strategies that the chosen business can use to become profitable.
When businesses formulate a method, it facilitates their understanding of their strengths and weaknesses. This way, they are able to capitalize on what they may be appropriate for and enhance their weaker elements. It ensures that every issue of a business is deliberate. this means extra performance and higher and greater effective plans.
Make strategic making plans a top priority. preserve a near eye on your competitors. paintings to increase your purchaser base.stay near your customers.display profit margins.When businesses formulate a strategy, it facilitates their understanding of their strengths and weaknesses. This way, they can capitalize on what they may be excellent at and enhance their weaker factors. It guarantees that each component of an enterprise is planned. this indicates more performance and better and greater powerful plans.
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Select the correct answer from each drop-down menu.
As a sales executive at a large corporation, Sonya earns____
the company's finance department as an accountant, earns
for every big sale she makes. Jessica, who works full time in the company’s finance department as an accountant, earns ____
1. a) a bonus
b) a commission
c) hourly pay
2. a)a bonus
b)a commission
c) a fixed salary
Answers
2) is fixed salary. Hourly pay usually applies to lower levels and fixed salaries are for higher level, executive, employees
The Answer of First question is option B "a Commission", and answer for second question is option C "A Fixed Salary".
Types of EarningIn a Corporate and private sector, there are many different kinds of earning, such as a fixed salary, a commission or a bonus depends upon the job a person has.
In the First question Sonya is a sales executive, and we know sales is a commission based job, hence the correct option would be A Commission. A bonus is given for completing overall job target.
In the second question, Jessica who works full time as an Accountant which means her job is based on a fixed salary rather than a commission because she is providing professional service to the company. Hence the correct option would be Option C Fixed Salary.
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How did you find the total cost included within the job sheet for number 2?
Answers
To find the total cost on a worksheet, you'll need to add up the fixed costs and variable costs for the entire production.
What is the total cost?It is the cost of the entire production.These are all expenses of an institution.To calculate the total cost you will need to identify all fixed costs and all variable costs in the table and add them together.
Fixed costs are costs with elements that are always present in production such as employee salaries, and energy expenditure, among others.
Variable costs are costs that are not present in production all the time, such as service providers, machine repairs, among others.
You have not shown the table you refer to. This makes it impossible for me to answer your question exactly, but I hope this helps.
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What is the next line?
>>> myDeque = deque('abc')
>>> myDeque.appendleft('x')
>>> myDeque
A. deque([ 'b', 'c'])
B. deque(['x', 'a', 'b', 'c'])
C. An error statement since deques do not have an appendleft method.
D. deque([' 'a', 'b', 'c', 'x'])
Answers
Answer:
B. deque(['x', 'a', 'b', 'c'])
Explanation:
>>> myDeque.appendleft('x') means you put an x in front of the deque.
Describing what is the X axis?
Answers
Answer:
the principal or horizontal axis of a system of coordinates, points along which have a value of zero for all other coordinates. -dictonary
Suppose the income elasticity of demand for toys is +0.8. This means that
A. a 6 percent increase in income will increase the purchase of toys by 4.8 percent.
B. a 6 percent increase in income will increase the purchase of toys by 7.5 percent.
C. a 6 percent increase in income will decrease the purchase of toys by 4.8 percent.
D. toys are an inferior good.
Answers
If the income elasticity is +0.8, it means that a 6 percent increase in income will increase the purchase of toys by 4.8 percent. (option A).
What is the income elasticity of demand?The income elasticity of demand measures how the quantity demanded of a good would change when there is a change in income. It is the ratio of the percentage change in quantity demanded to the percentage change in income.
If the income elasticity of demand is positive, it means that the good is a normal good and if it is negative, it means that the good is an inferior good. The demand for a normal good increases as the income of the individual increases. The demand for an inferior good decreases as the income of the individual decreases.
Income elasticity of demand = percentage change in quantity demanded / percentage change in income
6% / 4.8% = +0.8
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What is the first question you should ask yourself when analyzing an
advertisement?
A.what is its intention
B.how much is it
C.when can i buy
D.will my friends like it
Answers
A.
because it could be like a baby toy and the first question you ask would be when can i buy it
Planning to finance higher education helps people prepare for their financial future because it teaches them about.......
a.) funds management and loans
b.) their educational options
c.) the real world
d.) meeting short term goals
Answers
An economy based on total government control over economic decisions is a
____.
Answers
Answer:
The answer to this question is given below in the explanation section.
Explanation:
An economy based on total government control over economic decisions is a
centrally planned economy or command economy.
This type of economy is totally controlled by the government. In this economy, all economic decisions are taken by the governement. such as a government, makes economic decisions regarding the manufacturing and the distribution of products. Centrally planned economy that is also known as the command economy is different from the market economy, in which such decisions are traditionally made by businesses and consumers.
Answer: Command Economy.
Explanation: it’s the answer just go already
Windborn Company has 15,000 shares of cumulative preferred 1% stock, $100 par and 50,000 shares of $30 par common stock.
The following amounts were distributed as dividends:
20Y1 $30,000
20Y2 12,000
20Y3 45,000
Common Stock
(dividends per share)
I cannot figure out Y1 or Y3
Answers
The dividends per share for the common stock in year 1 (Y1) is $0.60 per share, and in year 3 (Y3) is $0.90 per share.
To calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3), we need to determine the total dividends distributed and divide them by the number of common shares outstanding.
Given information:
Cumulative preferred stock: 15,000 shares, 1% dividend
Common stock: 50,000 shares, $30 par value
Dividends distributed:
Y1: $30,000
Y2: $12,000
Y3: $45,000
First, let's calculate the dividends per share for the cumulative preferred stock in each year.
Dividends per share for cumulative preferred stock = (Par value * Dividend rate) / Number of preferred shares
Dividends per share for cumulative preferred stock = ($100 * 1%) / 15,000 shares
Dividends per share for cumulative preferred stock = $1 / 15,000
Dividends per share for cumulative preferred stock = $0.000067 per share
Now, let's calculate the dividends per share for the common stock in year 1 (Y1) and year 3 (Y3).
For Y1:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $30,000 - ($0.000067 * 15,000)
Total dividends for common stock = $30,000 - $1.005
Total dividends for common stock = $29,998.995
Dividends per share for common stock in Y1 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y1 = $29,998.995 / 50,000 shares
Dividends per share for common stock in Y1 = $0.5999799 per share (rounded to $0.60 per share)
For Y3:
Total dividends for common stock = Dividends distributed - (Dividends per share for cumulative preferred stock * Number of preferred shares)
Total dividends for common stock = $45,000 - ($0.000067 * 15,000)
Total dividends for common stock = $45,000 - $1.005
Total dividends for common stock = $44,998.995
Dividends per share for common stock in Y3 = Total dividends for common stock / Number of common shares
Dividends per share for common stock in Y3 = $44,998.995 / 50,000 shares
Dividends per share for common stock in Y3 = $0.8999799 per share (rounded to $0.90 per share)
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Debit cards and credit cards are which type of currency?
commodity money
representative money
fiat money
fake money
Answers
state three essential characteristics of a good leaders
Answers
Answer:
The Characteristics & Qualities of a Good Leader
Integrity.
Ability to delegate.
Communication.
Self-awareness.
Gratitude.
Learning agility.
Influence.
Empathy.
Answer:
ghhh función de agosto The Rock Creek and have been for a long time now for the rest in the morning and I will be there and I and my son is in a la medicina y cirugía de las partes involucradas te mando la celula BBDD de las tareas que BBDD PAC gxg de las partes involucradas la
as a manager how do you make a decision?
Answers
Answer:
Define the problem
Identify limiting factors
Develop potential alternatives
Analyze the alternatives
Select the best alternative
Calaveras Tire exchanged equipment for two pickup trucks. The book value and fair value of the equipment given up were $20,000 (original cost of $65,000 less accumulated depreciation of $45,000) and $17,000, respectively. Assume Calaveras paid $8,000 in cash and the exchange has commercial substance.
Required:
a. At what amount will Calaveras value the pickup trucks?
b. How much gain or loss will the company recognize on the exchange?
Answers
Answer: B i just got a felling.
Explanation: