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.
If the price elasticity of demand is inelastic, then the incidence of tax will be greater on consumers, as producers can shift most of the tax on them by raising prices. Whereas if it was elastic, then it would be producers.
Answer:
5.59%
Explanation:
$1,000 bonds carrying a 4% coupon rate, semiannual coupon $20, matures in 20 years
if you purchase the bonds at $715, the nominal annual rate of return = coupon payments / bond price = ($20 + $20) / $715 = $40 / $715 = 5.59%
The nominal annual rate of return is calculated by dividing the revenue generated by an investment by the cost of the investment.
Answer: $12 million
Explanation:
In 2009, Cali made a revenue of $26 million.
In 2005, Cali made a revenue of $14 million.
= 26 - 14
= $12 million
Cali made $12 million more in 2009 than in 2005.
Answer:
1. Which might be Tommy’s best argument to collect from Thacker?
A. An implied contract was formed.
2. Which is an example of a situation where intent to make an offer may be lacking?
D. All of the above.
3. Which is an example of a material (essential) term required to be included in an enforceable contract?
D. All of the above.
4. Which is not a way that an offer can be terminated by action of the parties?
B. Offeror performs acts inconsistent with the existence of the offer (e.g., transacts the same business with a different offeree).
Explanation:
The contract existing between Tommy and Thacker can be implied or express. The legally-binding obligation that derives from the actions, conduct, or circumstances of Tommy and Thacker creates an implied contract with the same legal force as an express contract. On the other hand, an express contract is voluntarily entered into and agreed on verbally or in writing by two or more parties.
