Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Nov 22, 2022

Your home business uses 570 square feet of your 2,850 square foot home. If household expenses for the year were $28,558, how much was

Your home business uses 570 square feet of your 2,850 square foot home. If household expenses for the year were $28,558, how much was alloted to your business? Amount invested

Step by Step Solution

★★★★★

3.40 Rating (153 Votes )

There are 3 Steps involved in it

Step: 1

Given Total area 2850 sq feet Area used for b... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

Step: 3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Income Tax Fundamentals 2013

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

31st Edition

1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516

More Books

Students also viewed these Accounting questions

Question

★★★★★

The company's sales for the year were $300,000, its cost of goods sold was $220,000, and its net income was $35,000. All sales were on credit. Preferred dividends for the year were $5,000. Lisa...

Answered: 1 week ago

Question

★★★★★

Wexler, Inc.s income statement showed total expenses for the year to be $50,000. If the companys revenues for the year were $125,000 and its year-end cash balance was $35,000, what was Wexlers net...

Answered: 1 week ago

Question

★★★★★

Wexler, Inc.'s income statement showed total expenses for the year to be $50,000. If the company's revenues for the year were $135,000 and its year-end cash balance was $35,000, what was Wexler's net...

Answered: 1 week ago

Question

★★★★★

Will restricting imports affect exports and export-related jobs? How?

Answered: 1 week ago

Question

★★★★★

1. Briefly discuss the rules for revenue recognition in accounting and how they pertain to this case. Does the proposed handling of the $12 million violate those rules? Be specific. 2. Assume Carl...

Answered: 1 week ago

Question

★★★★★

An auditor for Canada Revenue Agency is trying to reconstruct some partially destroyed records of two taxpayers. For each case in the accompanying list, find the unknowns designated by capital...

Answered: 1 week ago

Question

★★★★★

For each of the following graphs (a)(d), express the event in the shaded area in terms of the events A, B, and C and state, in words, what this event represents. A A (a) B C (c) C B A B A (b) B C (d)

Answered: 1 week ago

Question

★★★★★

Shonen Knife Corporation has elected to use the fair value option for one of its notes payable. The note was issued at an effective rate of 11% and has a carrying value of $16,000. At year-end,...

Answered: 1 week ago

Question

★★★★★

Presto Corporation makes interlocking childrens blocks in a single processing department. Direct materials are added at the start of production. Conversion costs are added evenly throughout...

Answered: 1 week ago

Question

★★★★★

Cost Estimation at Global Green Books Publishing Global Green Books Publishing is continuing to produce customized eBooks as a key new product line for it as a successful printing and publishing...

Answered: 1 week ago

Question

★★★★★

Do you believe that Netflix will become or is already a monopoly? What are some of the monopoly traits that would make you believe it will soon be or is already a monopoly?

Answered: 1 week ago

Question

★★★★★

1. What is the Government's role in the Public-Interest Game. 2. What is a Kaizen System and what is the purpose of this system for the organization? 3. What is the cycle- market and what are the...

Answered: 1 week ago

Question

★★★★★

A 0 Q3 A steel plate with a square hole in the middle of the plate is subjected to a uniform distributed tensile stress of 1PQR N/m as shown in Figure Q3.1 The modulus elasticity of the plate is 210...

Answered: 1 week ago

Question

★★★★★

The sample data for 2 5 Ohio administrators is contained in the file named Administrator. What is the p value for your hypothesis test in part ( a ) ? If required, round your answer to four decimal...

Answered: 1 week ago

Question

★★★★★

Eli's employer covers 60% of the cost of a $4900-per-year health insurance plan, and Eli's share of the cost of the plan is his only optional deduction. How much is deducted from Eli's paycheck each...

Answered: 1 week ago

Question

★★★★★

Identify the appropriate method of data mining for identifying patterns when using if/then statements. rule induction decision tree K-nearest neighbor fuzzy logic

Answered: 1 week ago

Question

★★★★★

Illustrate how a binary semaphore can be used to implement mutual exclusion among n processes. Please provide code or pseudocode fragment as your answer showing the entry, critical section, and the...

Answered: 1 week ago

Question

★★★★★

What is the difference between direct materials and indirect materials?

Answered: 1 week ago

Question

★★★★★

In June of 2012, Maureen's house is vandalized during a long-term power failure after a hurricane hit the city. The president of the United States declares Maureen's city a disaster area as a result...

Answered: 1 week ago

Question

★★★★★

Laura is a single taxpayer living in New Jersey with adjusted gross income for the 2012 tax year of $35,550. Laura's employer withheld $3,300 in state income tax from her salary. In April of 2012,...

Answered: 1 week ago

Question

★★★★★

If Charles, a 16-year-old child model, earns $50,000 a year and is completely self supporting even though he lives with his parents, can his parents claim him as a dependent? Why or why not?...

Answered: 1 week ago

Question

★★★★★

Calculate the purchase price of each of the $1000 face value bonds

Answered: 1 week ago

Question

★★★★★

Bonds A, B, C, and D all have a face value of $1000 and carry a 7% coupon. The time remaining until maturity is 5, 10, 15, and 25 years for A, B, C, and D, respectively. Calculate their market prices...

Answered: 1 week ago

Question

★★★★★

Eight years ago, Yan purchased a $20,000 face value, 6% coupon bond with 15 years remaining to maturity. The prevailing market rate of return at the time was 7.2% compounded semiannually; now it is...

Answered: 1 week ago

Previous Question Next Question