True or False? Taxable income will be less than gross income

Answers

Answer 1

Answer:

True

Explanation:

Deductions reduce it


Related Questions

Companies allow customers to pay for products using third-party credit cards because: (Check all that apply.)

Answers

The reasons why Companies allow customers to pay for products using third-party credit cards are;

a variety of payment options typically increase sales volume.the seller does not have to evaluate customer credit.cash is received from the credit card company faster than from a credit customer.the seller avoids the risk of customer non-payment.

Why do companies allow payment with third-party credit cards?

In most cases, companies usually prefer the payment by customer using third-party credit cards because cash is received from the credit card company faster than from a credit customer.

And this also help the seller to avoids the risk of customer non-payment.

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What is a cosigner and what considerations should they make before co-signing a loan?.

Answers

Answer:

Explanation:

The biggest consideration is: do you think the person getting the loan will honor his commitment to the debt? If you don't, then don't sign. There are no favors in business except those that will be honored.

In the event the person getting the loan defaults, can you afford to take on the debt yourself. If you can't, don't do it.

Do you trust the financial institution giving out the money. There is a difference between a pay day loan and a bank loan. If you don't like the institution don't do it.

Is it easy to check up on the status of the loan? That is a consideration. Some institutions -- I would say most -- are very careful about who they give information to.

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Data collection, database management, and data visualization are the
steps a research analyst takes before starting their research
steps a data scientist takes before determining usable results
practices a data analyst must use to be credible
none of the above
Help me with this

Answers

Data collection, database management, and data visualization are the: C. practices a data analyst must use to be credible.

What is data?

Data can be defined as a representation of instructions or factual information in a formalized manner, especially as a series of binary digits (bits).

Who is a data analyst?

A data analyst can be defined as an expert or professional who is saddled with the responsibility of inspecting, transforming, and modelling data with the sole aim of discovering useful information, providing insights, and creating informed conclusions, so as to support decision-making.

In conclusion, the three (3) main practices a data analyst must use in order to be credible include the following:

Data collectionDatabase managementData visualization

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Cash inflows and outflows relating to plant assets, natural resources, and intangibles are reported in which section of the statement of cash flows?.

Answers

Answer:

Investing Activities

Explanation:

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explain six Differences between private and public company​

Answers

Question:

•explain six Differences between private and public company.

Answer:

•In most cases, a private company is owned by the company's founders, management, or a group of private investors. A public company is a company that has sold all or a portion of itself to the public via an initial public offering.

Explanation:

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A simplified version of reality that is used to clarify economic situations is called a(n):Question 1 options:a) current event.b) scarce resource.c) economic fact.d) model.

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An economic model is a simplified version of reality that can be utilized to emphasize and make clarity about an economic situation.

What is an economic model?

An economic model is a simplified depiction of reality that is intended to generate testable hypotheses regarding the economic activity. Due to the fact that there are no objective indicators of economic results, a fundamental element of an economic model is that it is inevitably subjective in construction.

Economic models are classified into two types:

Theoretical models andEmpirical models.

Theoretical models strive to infer verifiable conclusions about economic behavior based on the premise that individuals maximize specified objectives subject to well-defined model restrictions.

Empirical models, on the other hand, seek to validate theoretical models' qualitative predictions and transform them into accurate numerical outcomes.

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"The key to success is to focus our conscious mind and things we desire not things we fear."

by brian tracy​

Answers

Answer:

The key to success is to focus our conscious mind on things we desire not things we fear.

Explanation:

its quite amazing

According to the text, reducing many of the tariffs that are still in existence will lead to Blank______.

Answers

The reduction of tariffs will provide greater market access to foreign products.

What is a tariff?

It should be noted that a tariff simply means a tax that's on an imported good. This is vital to generate revenue for the government.

Reducing many of the tariffs that are still in existence will lead to greater market access to foreign products.

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In the information technology world, which of the following are examples of ethical issues that a company may have to manage?
i. employees searching other employee's private information without consent
ii. employees copying and distributing company owned software
iii. employees intentionally creating or spreading viruses to confuse IT
iv. all of these

Answers

Given the rise of information and technology, examples of ethical issues that a company may have to deal with are:

employees searching other employees' private information without consentemployees copying and distributing company-owned softwareemployees intentionally creating or spreading viruses to confuse IT. (Option D)

What are IT related Ethical Issues?

Ethical issues are behaviors that are considered unacceptable in relation to how people behave in the organization and in relation to employees and customers alike.

Other examples of I.T. related ethical issues are:

Misinformation and Deep fakesHarmful ActionsPilfering of Trade Secrets.

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Jones Company's inventory cost is $100. The expected sales price is $110, estimated selling costs are $12. Consistent with the lower of cost and net realizable value approach, this inventory item should be valued at:__________
a) $110.
b) $88.
c) $98.
d) $100

Answers

Answer:

I think A but ion kno thats prolly wrong-

Explanation:

Alin Co. purchases a building for $300,000 and pays an additional $30,000 for title fees and lawyer fees. Alin also pays $20,000 in renovations, including painting, carpet, lighting, etc. Alin should record the cost of the building at:

Answers

Alin Co. should record the cost of the building at $350,000

What is fixed asset?

Fixed asset is a type of asset that do not vary with the level of output.

When recording the cost of a fixed asset, all the costs that were incurred to acquire the asset and make it ready for production should be included.

Here, those costs include the actual purchase price, the closing costs and the renovations.

Total building cost is therefore:

= Purchase price + Closing costs + Cost to prepare building

= 300,000 + 30,000 + 20,000

= $350,000

Hence, Alin Co. should record the cost of the building at $350,000

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Freeze Ice Cream Shop sells its specialty shakes for $3.50 each. In the summer months, the shop typically sells 200 shakes a day. The shop's owner thinks if he reduces the price to $3 he will increase sales significantly. However, when he reduced the price, he only sold about 15 more shakes per day. This represents demand that is :___________

Answers

As a result of the demand increasing only slightly compared to the reduction in price, the demand must be inelastic.

Why is the demand inelastic?

The demand is considered to be inelastic if the price elasticity is less than 1.

The price elasticity is:

= (%Change in quantity/% Change in price)

Solving gives:

= 15 / 200 ÷ 0.50 / 3.50

= -0.525

In conclusion, the demand for the shakes is inelastic.

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Elena is a sales manager who encourages her employees through motivation to be committed to and a part of the shared vision of the organization. Elena is demonstrating which factor of transformational leadership

Answers

The factor of transformational leadership that Elena is demonstrating here is the inspirational motivation.

What is  transformational leadership?

This is the leadership approach that is used to effect changes in the life of people and also the society in general.

This is the form of leadership that Elena is said to engage in by motivating the workers to be a part of the vision of the business.

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Delta Diamonds had 5 one-carat diamonds available for sale this year: 1 purchased June 1 for $500, 2 purchased July 9 for $550 each, and 2 purchased September 23 for $600 each. On December 24, it sold one of the diamonds that was purchased on July 9. Using a periodic specific identification, its Inventory after the December 24 sale is

Answers

Using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is $2,250.

What is the specific identification method?

The specific identification method is an inventory method that identifies specific inventories sold and uses their specific costs in valuing the cost of goods sold.

Data and Calculations:

Date             Units       Unit Cost         Total       Balance

June 1               1               $500          $500        $500

July 9               2              $550         $1,100      $1,600

Sept. 23           2              $600        $1,200     $2,800

Dec. 24           -1              $550          $550      $2,250

Thus, using a periodic specific identification, Delta Diamonds' Inventory after the December 24 sale is $2,250.

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Why is the core inflation rate calculated separately from the inflation rate?.

Answers

Answer:

To better show long term effects on inflation

Hope it helps you

Explanation:

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how can a reduction in taxation be used to influence aggregate demand​

Answers

Answer:

shifting the aggregate demand curve to the right.

Explanation:

Sample T-Shirt Company, INC. needs help with their profit loss statement for their fourth quarter which lasts between October 1st and December 31st. They have sold 14,320 t-shirts this quarter at $20 a shirt. These shirts cost $3 to make. Of all of the shirt orders, 80 percent are shipped to customers. The company offers free shipping, so they must pay an average of $4 in postage per shirt shipped. The company has three employees who each make $80,000 a year. The company has general liability insurance which costs $600 a year, with equal payments every month. The company rents out a small production space for $600 a month. Each month the company pays $300 for web advertising, $200 for print advertising and $500 for television advertising. The company pays 15 percent of their profit in taxes.

Answers

The preparation of the fourth quarter, October 1st to December 31st profit and loss statement for T-Shirt Company, INC., is as follows:

T-Shirt Company, INC.

Profit and Loss Statement

For the fourth quarter ended December 31

Sales revenue                        $286,400

Cost of goods sold                   (42,960)

Gross profit                            $243,440

Rental income                              1,800

Total income                         $245,240

Expenses:

Freight-out              $45,824

Salaries                     60,000

Insurance Expense        150

Advertising expense 2,950  (108,924)

Income before taxes             $136,316

Income tax rate (15%)              20,447

Net income                         $115,869

What is the profit and loss statement?

The profit and loss statement also known as the income statement is a periodic financial statement that summarizes the revenues, costs, and expenses for the specified period.

The statement is used to determine the profit or loss during the stated period.

Data and Calculations:

Number of shirts sold = 14,320

Selling price per t-shirt = $20

Sales revenue = $286,400 (14,320 x $20)

Product cost per t-shirt = $3

Cost of goods sold = $42,960 ($3 x 14,320)

Freight-out to customers = $45,824 ($4 x 14,320 x 80%)

Salaries Expense of employees for the quarter = $60,000 ($80,000 x 3 x 1/4)

General Liability Insurance Expense = $150 ($600/4)

Rental income for the quarter = $1,800 ($600 x 3)

Web = $900 ($300 x 3)

Print = $400 ($200 x 3)

Television = $1,500 ($500 x 3)

Advertising expense = $2,950

Income tax rate = 15%

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How do long-term goals differ from short-term goals?

Long-term goals require more money than short-term goals.
Long-term goals require more preparation than short-term goals.
Long-term goals are less attainable than short-term goals.
Long-term goals take longer to plan than short-term goals.

Answers

Answer:

2, long term goals require more preparation than short term goals.

Explanation:

You need to put a lot of thinking and preparation for long term goals.

Short-term goals can be accomplished with less planning than long-term ones. As a result, choice (2) is the right one.

What do you mean by short-term goals?

Your immediate priority is to complete a short-term goal. You can affect significant change by setting short-term goals.

Anything you desire to do soon is a short-term objective. Today, this week, this month, or even this year can all be considered as being in the near future. Something you desire to do quickly is a short-term aim. A long-term aim is something that will require a significant amount of time to complete.

You can advance your career by setting both long-term and immediate objectives. You can think of immediate actions to take by setting short-term goals. You may manage your time better by setting short-term goals. While short-term goals may appear insignificant, achieving them can result in significant achievements in both your personal and professional life.

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Explain any circumstances that would affect your family’s ability to help you pay for college?

Answers

Mortgage
Debt
property tax
income tax
inflation rate
unemployment

As secretaries are often the first point of contact that people meet in a business, what type of skill do they need to develop in order to make a good first impression?
A. people skills
B. shared skills
C. technical skills​

Answers

Answer:

a

Explanation:

The market structure called perfect competition is best as _________________________ theoretical theoretical commonplace commonplace small small natural

Answers

Answer:

Theoretical

Explanation:

Perfect competition is a theoretical market structure due to the assumptions required for it to exist: perfect information for consumers and producers, as well as the theoretical maximum number of firms in a market which is a number that never empirically exists.

The activities of the federal reserve board have the most direct influence on.

Answers

Answer:

The activities of the Federal Reserve Board have the most direct influence on: bank interest rates, monetary policy (interest rates, credit, etc.) 

i think apples are woman and pears are dudes. is that true?

Answers

That’s just not even remotely correct

A bank loans Danuta's Ice Cream $190,000 to remodel a building near campus to use as a new store. On their respective balance sheets, this loan is

Answers

On their respective balance sheets, this loan is: an asset for the bank and a liability for Danuta's Ice Cream.

What is loan?

Loan can be defined as the money a mortgage bank or financial institution lend out to a borrower.

Based on the given scenario on the balance sheet the loan amount  this loan is an  asset for the bank and a liability for Danuta's Ice Cream and the loan amount will as well increases the money supply.

Inconclusion on their respective balance sheets, this loan is: an asset for the bank and a liability for Danuta's Ice Cream.

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Privately owned media companies in the united states earn most of their revenue from:.

Answers

Answer:

advertising

Explanation: Mark me brainliest!!

Media companies are the group that enabled broadcasting for knowledge, entertainment, and another purpose. The major source of revenue for media companies is advertisements.

What is revenue?

The revenue can be described as the actual amount earned by a business by performing its regular business operations. It can be in the form of fixed income or fluctuating income.

The media companies invested in the gathering of the information and the processing for the development of the broadcasting content.

The major revenue source gained by the private media companies was developed from advertising.

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Which ics functional area sets the incident objectives strategies and priorities.

Answers

Answer:

chicken blender soup Linda soup

Explanation:

this is when a father goes to a mother and mother father seemed to the place that they went to when they went to that place

How long does a speeding ticket affect your insurance?.

Answers

Answer:

well I think it's about 5 years

Saving for four years for a down payment on a house affects how soon you are able to purchase a home. This is an example of:

Answers

Answer: ✓ an intermediate goal that affects a long-term goal

If a company were to draw from the ideas proposed in the various theories of international trade, from a profit perspective, how would it go about selecting locations for its businesses?

Answers

The business locations regarding the International trade can be selected based on the productive activities to the countries where they can be performed efficiently.

What is international trade?

It should be noted that an international trade simply means the trade between two or more countries.

In this case, it can be deduced that the business locations regarding the international trade van be selected based on the productive activities to the countries where they can be performed efficiently.

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A critical component for labeling a person’s behavior as abnormal is that the behavior must:.

Answers

The critical component is that : It must interfere with some aspect of the person's life.

What is behavior?

Behavior refers to action or inaction of an individual to his or her environment. People react or behave differently to any given situation around them.

A behavior is said to be abnormal when it does not confirm to an expected standard in the society.

Hence, a critical component for labeling a person’s behavior as abnormal is that the behavior must is that It must interfere with some aspect of the person's life.

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* 4. A circle is divided into ten equal sectors.a. Find the measure of each central angle.b. If the diameter is 50 in., find the length of an arc of one of thesectors.HELP PLEASE What is the KE of a 4 kg mass at 3 m/s? Find the slope of the line that passes through points A (-5,-3) and B (7,-5). What do cats sound like? 1. Based on the information in the two-way table, what is the probability that a person selected at random is a left-handed male?(Two-way table at the bottom)A.) 4%B.) 6%C.) 52%D.) 38%2. Based on the information in the two-way table, what is the probability that a person selected at random is a right-handed?A.) 56%B.) 44%C.) 10%D.) 90% Write an equation of the line that passes through (4,5)and is perpendicular to the line y= -4x+6.An equation of the perpendicular line is y= Which list orders integers from greatest to least? A. 1, 3, -8, -6, -3 B. 3, 1, -3, -6, -8 C. 3, 1, -8, -6, -3 D. -8, -6, -3, 1, 3 Can i please get some help!! PLEASE HELP Read this passage from the Ramayana by R. K. Narayan. What cultural context is being explored in this passage?Viswamithra resumed his journey at dawn and reached a desert region at midday. The mere expression desert hardly conveys the absolute aridity of this land. Under a relentless sun, all vegetation had dried and turned to dust, stone and rock crumbled into powdery sand, which lay in vast dunes, stretching away to the horizon. Here every inch was scorched and dry and hot beyond imagination. The ground was cracked and split, exposing enormous fissures everywhere. The distinction between dawn, noon, and evening did not exist here, as the sun seemed to stay overhead and burn the earth without moving. Bleached bones lay where animals had perished, including those of monstrous serpents with jaws open in deadly thirst; into these enormous jaws had rushed (says the poet) elephants desperately seeking shade, all dead and fossilized, the serpent and the elephant alike. Heat haze rose and singed the very heavens.ValuesLifestyleSettingCustoms Kramer invested $15,000 in a certificate of deposit for 1 year. The certificate earnsinterest at an annual rate of 4.5% compounded daily. The amount per $1.00 is1.046025. What is the effective annual yield?4.6%0 4.5%5.4%6.4% List three possible penalties for alcohol related violations. citizens from which of the following countries saw their opportunities for immigration into the united states greatly reduced by new immigration laws passed in the early 1920s?A. MexicoB. CubaC. JapanD. Germany please help asap thank you!!! i will give 5 points extra!! If y varies inversely as x and x is 6 when y is 13, what is x when y is 8? a. 9. 75 b. 3. 69 c. 0. 27 d. 6. 5. What is the solubility of KNO3 at 80 degrees? A. Pick a picture game. Let's play a garnel Are you ready? Choose from the options and tell why you are choosing them, write your answers on a separate sheet of paper. 1. Singing or Dancing? 2. Stay at home or go out and shop? El resumen de la danza The effects of conflict does meiosis produces cells that are genetically different? Find the measure of the numbered angles for the given Isosceles Trapezoid