User Account

All Pages

How much can she deduct on her Schedule C

Assignment Help Accounting Basics
Reference no: EM132099208

Question - Leah is a self-employed consultant who gives gifts to her clients during the holidays. 16 of her 34 clients receives a $50 bottle of wine and the other 18 receive a $45 box of imported Belgian chocolates. How much can she deduct on her Schedule C?

A. $0

B. $760

C. $805

D. $850

E. $1,610

Reference no: EM132099208

Questions Cloud

Discuss the two most interesting aspects of ethics training : Discuss the two most interesting aspects of ethics training that you have learned about from the required learning content this week.
Employee retirement income security act : Which of the following is a negative side effect of the Employee Retirement Income Security Act?
Evaluate the effects of diversity training on hrd : Evaluate the effects of Diversity Training on HRD. Use technology and information resources to research issues in developing human capital.
What is sam cost of goods sold for the year : Sam owns a small cell phone store. He starts the year with $10,000 of inventory, What is Sam's Cost of Goods Sold for the year
How much can she deduct on her Schedule C : Leah is a self-employed consultant who gives gifts to her clients during the holidays. How much can she deduct on her Schedule C
The newest sales representative for weight loss clubs : Assume you are the newest sales representative for Weight Loss Clubs, a gym and weight-management company.
How much can kevin deduct : Kevin takes his client out to a fancy dinner to celebrate the deal they just agreed to that afternoon. How much can Kevin deduct
How much inventory did julia purchase during the year : Julia owns a gift shop. She starts the year with $50,000 of inventory, How much inventory did Julia purchase during the year
What was the outcome of the case : The Fair Labor Standards Act (FLSA) is one of the complex laws governing employment relationships. The FLSA determines how employees are paid.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Compute cindy neuers gross earnings and net pay

Cindy Neuer’s regular hourly wage rate is $16, and she receives an hourly rate of $24 for work in excess of 40 hours. During a January pay period, Cindy works 47 hours. Cindy’s federal income tax withholding is $95, and she has no voluntary deduction..

  Determine the wholesale price

TeaVee normally calculates wholesale prices (i.e., the price it charges retailers) based on a 40% "markup on cost". Using this information, what is the maximum cost that TeaVee can incur per unit to manufacture this particular television?

  If you order new equipment for delivery next month

If you order new equipment for delivery next month. as a result you would expect to see which of the following on this months balance sheet?

  A company makes power tools the motor division makes a

a company makes power tools. the motor division makes a motor that small tools division needs for a new product. the

  Develop a financial planning model

How much will your portfolio be worth in 10 years? In 20 years? When you stop working? The Human Resource department at EcoCarnifex Corporation was asked to develop a financial planning model that would help employees address these questions.

  Transaction data for hanshew real estate agency

Transaction data for Hanshew Real Estate Agency are presented in E2-4.

  The investment turnover for chicks is:

Chicks Corporation had $1,100,000 in invested assets, sales of $1,210,000, income from operations amounting to $242,000, and a desired minimum rate of return of 15%.

  Performing a variance analysis

When performing a variance analysis, what are the possible causes for unfavorable or favorable variances? How could this type of analysis help managers?

  What type of subsequent event is death of board treasurer

What should Dillon & Company CPAs do as a result of the customer bankruptcy? What type of subsequent event is the death of the board treasurer

  Compute its overhead cost as a percent of direct labor

A company incurred the following manufacturing costs this period: direct labor, $605,000; Compute its overhead cost as a percent of direct labor

  Te real estate consists of land appraised at 166320 land

ming yue company pays 368250 for real estate pluse 19600 in closing cost. the real estate consists of land appraised at

  Entries to berecorded by the partnership

Porthos, with permission of the other partners, decides to sell half of his partnership interestto D'Artagnan for $50,000 in cash. No asset revaluation or goodwill is to be recordedby the partnership.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd