Answer:
What she wants to know is whether she can deduct expenses related to her home office?
There are two basic requirements for claiming a home office deduction:
- Regular and exclusive use: this might qualify because her home office would be used only as an office and not as an additional room. This requirement is OK.
- Principal place of your business: she fails with this requirement since most of her work is done at her client's office. Since most of her work is done outside her home office, she cannot deduct expenses for it.
What is the estimated amount of the home office deduction?
There are two ways to deduct home office expenses if you qualify (in this case she doesn't):
- Simplified option: $5 per square foot (for a maximum of 300 sq ft) = $1,500
- Regular method: deductions are based on a % of the area used by the home office, in this case she could deduct approximately 10% of her home expenses (= 500 / 5,000) if she had qualified for the deduction.
Answer: by keeping regular backup of collected data in case of data loss.
Explanation:
Platforms often store personal data subject to security clauses in data protection regulations such as GDPR or the Data Protection Act.
It should be noted that when this type of sensitive data is hosted on a platform, an organization account for these considerations by keeping regular backup of the data collected. This is essential in a situation where there's data loss so that the day can be gotten from the backup.
Answer:
The answer is 12,000
Explanation:
Solution
Given that:
The labor rate variance = (SR-AR) * AH
Now,
(15-13.50) * AH = 18,000
so,
AH= 18000/1.50
Gives us,
=12,000
The total labor variance is = The standard labor cost - The actual labor costs.
= (10000* 15)- (12,000 * 13.50)
=150,000 -162,000
= 12,000 U
Therefore the total labor variance Claire Company is 12,000
Answer with its Explanation:
Step 1:
First of all record a loan of $3 million loan:
Dr Bank $3,000,000
Cr Loan $3,000,000
Step 2:
Finance charge will be 3% on this loan amount:
Dr Finance Charge $3million *3% = $90,000
Cr Bank $90,000
Step 3:
The interest on the note is 7% which is $70,000. So the journal entry would be:
Dr Interest Expense $70,000
Cr Interest payable $70,0000
Answer:
Bubba’s annual total revenue is c. $20,000
Explanation:
Revenue is the total amount that comes from sales, regardless of cost.
Bubba catches 4,000 pounds and sell them for $5 per pound, so the total amount (revenue) he receives from selling them is 4,000 * 5 = $20,000
Note: The information about the $3 cost is not necessary to calculate revenue
