Complete Question:
A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?
a. depreciation
b. mortgage interest
c. rent
d. Utilities
Answer:
b. mortgage interest
Explanation:
The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules. The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities. The amount to be deducted for mortgage interest should not exceed the percentage for business use.
Answer:
here is a 63.25% for winning the debate given the student distribution and the chance of success of each type of student.
Explanation:
As the student will be picked at random we can determiante the expected value by doing a weighted average:
![\left[\begin{array}{cccc}$Student&$Return&$Probability&$Weight\\$Sophomore&0.2&0.2&0.04\\$Junior&0.6&0.35&0.21\\$Senior&0.85&0.45&0.3825\\Total&&1&0.6325\\\end{array}\right]](https://tex.z-dn.net/?f=%5Cleft%5B%5Cbegin%7Barray%7D%7Bcccc%7D%24Student%26%24Return%26%24Probability%26%24Weight%5C%5C%24Sophomore%260.2%260.2%260.04%5C%5C%24Junior%260.6%260.35%260.21%5C%5C%24Senior%260.85%260.45%260.3825%5C%5CTotal%26%261%260.6325%5C%5C%5Cend%7Barray%7D%5Cright%5D)
Answer:
A sole proprietorship is a form of business owned and managed by one person.
Explanation:
Advantages:
1. It involves small capital to set up the business.
2. There is a close relationship between owner and customers which improves personalised product/service delivery.
3. There is privacy in conducting business affairs.
4. All profits accrue belongs to the business owner.
Disadvantages:
1. The sole proprietor bears the risks alone.
2. There is limitation in expansion
3. Unlimited liability in cases of business failure, his assets maybe sold to pay of debts.
The advantages of owing a sole proprietorship are:
1. Ability to manage the business.
2. The low startup cost.
Answer:
3.33%; 9%
Explanation:
Given that,
Expected dividend next year = $1.50
Trading at = $45
Expected growth rate per year = 9 percent
Dividend yield = (Expected dividend next year ÷ Trading amount) × 100
= ($1.50 ÷ $45) × 100
= 0.0333 × 100
= 3.33%
The capital gain of JUJU is same as the expected growth rate i.e 9 percent.
Answer:
How much must Icon allow Emily to diversify this year?
The answer is $250,000
Explanation:
- After attaining the age of 55 years and participating already for ten years in the ESOP.
- Emily will be allowed to diversify the value equal to 25% of investments.
- 50% of the investment is allowed to be diversified if it is final year of participation but in the present case it is not the final year before the retirement of the Emily so she will not be allowed 50% diversification and only up to 25% is allowed on which the percentage of investment already diversified in previous years will also be reduced.
- Since here in the past no amount has been diversified by Emily so she will be allowed 25 % of investment to diversify in the current year which comes to $250,000 ($1,000,000* 25%). Thus the answer is $250,000.
