As a result, Freya does not need to check her account's interest rate before making the purchase. She doesn't have to make sure she can pay the bills every month because they won't be needed.
What kinds of credit are available to borrowers?Credit can be divided into three categories: open credit, revolving credit, and installment credit There is a distinct structure for borrowing and repaying each of these.
Freya must take into account the following before using her debit card to purchase the $135 tablet computer:
A. She needs to make sure that her bank account has at least $135 available for the purchase.
C. She needs to make sure that her account has any scheduled automatic payments.
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Full Question = Freya wants to use her debit card to purchase a $135 tablet computer. What must Freya consider before using her debit card? Check all that apply. She must be sure there is at least $135 in her bank account for the purchase. She must check the interest rate on the debit card. She must check to see if any automatic payments are scheduled for her account. She must check her credit history. She must make sure she will be able to make the monthly payments.
Which one of the following statements concerning net present value (NPV) is correct? A. An investment should be accepted if, and only if, the NPV is exactly equal to zero. B. An investment should be accepted only if the NPV is equal to the initial cash flow. C. An investment should be accepted if the NPV is positive and rejected if it is negative. D. An investment with greater cash inflows than cash outflows, regardless of when the cash flows occur, will always have a positive NPV and therefore should always be accepted. E. Any project that has positive cash flows for every time period after the initial investment should be accepted.
If the investment's NPV is positive, it should be approved; if it's negative, it should be denied.
In terms of net present value (NPV), which statement is accurate?Explanation and Response: The right response is A) Accept the proposal if the NPV exceeds the cost of investing. A project's current worth is estimated using the net present value, which is calculated by deducting the cost of investment from the present value of the project's future cash flows.
Considering the NPV, which of the following propositions is untrue?Explanation and Response: A) Reject projects with NPVs of zero since adopting them would mean decreasing firm value To determine a project's profitability, the NPV is a method for calculating the current value of all upcoming cash flows.
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Which of the following accounts will have an ending balance after the closing process is completed? A) Owner's Name, Withdrawals B) Rent Expense
Answer: The correct answer is B (Rent Expense)
Explanation:
At the end of every financial year, closing entries are passed for all expenses and income account. Other accounts including account of assets and liabilities are to be carried over to the next year. Hence they will not have an ending balance.
Rent expense is an interest account where income or expense will not contain any balance as all the nominal account are transferred to the trading and manufacturing account by passing the closing entries.
In the United States during the late 1800s, the corporate form of business organization became increasingly important mainly because
The late 1800s saw the emergence of big business, which altered American society. The growth of corporate empires made the United States a strong economic force.
What exactly did industrialisation entail?The process of industrialization is when a country or region switches its economic emphasis from industry to agriculture. A crucial element of this change is the use of automated mass production techniques.
Which industries have undergone industrialization?Manufacturing (in the 1900s), mining (in the 1930s), transportation (in the 1950s), and retailing are examples of industrialisation (1970s). A good example is the industrialization of a vehicle.
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What are the 3 main ways that an economy can have economic growth?
Building up of capital stock. increases in the number of workers or hours worked, for example. technological progress.
What kind of accumulation are there?Illustrations of accumulation. "The planet exists forever, even though generations come and go. The sun rises, sets, and immediately rises again in the same location. The wind circulates on its rounds, first blowing south before turning back to the north.
What does the word accumulation in writing mean?The Latin words ad, which means "to add," and cumulare, which means "pile up," are the roots of the word accumulate. Accumulation is a literary style approach used to highlight similarities among a group of words having comparable physical or abstract properties or meanings.
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What is a conclusion based on evidence in the text?
The term "infer" refers to drawing a logical inference from textual evidence.
The evidence that is currently available backs up this claim. According to epistemology, evidence is what validates beliefs or what makes it rational to hold a specific doxastic attitude. For example, the perception of a tree might be used as proof that there actually is such a thing as a tree. In this approach, evidence is frequently seen as a state of mind. Important questions in this field of study include the nature of these mental states, such as whether they must be propositional and if false mental states can still be used as evidence. Indications in phenomenology.It is frequently taken as proof that the claim being supported is accurate. It depends on the field as to what function evidence fulfills and how it is viewed.
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making the right choices with your money—managing your money—involves knowing how . . .
This means learning how to pay your bills, how to borrow and save money responsibly, and how and why to invest and plan for retirement.
What Is Financial Literacy?Money management is a personal skill that not everyone learns but one that is beneficial to you throughout your life. It's difficult to constantly make the proper choices when it comes to big purchases and investments because of the money that comes in and goes out, the due dates, finance charges, and fees associated with invoices and bills, as well as the general obligation.
Given how important it is, you would assume that this ability would be taught in high school or even earlier. Unfortunately, this is not the case. Understanding personal credit fundamentally and being willing to accept personal responsibility are prerequisites for managing your own money.
In other words, you avoid drowning in debt and make your payments on time.
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When considering the various resources factors of production which of the following is most likely to represent capital?
one of the three factors of production, capital is the wealth, buildings, machinery and equipment owned by a business used to produce goods and services.
What is capital in factors of production?Capital goods, also known as man-made resources like tools and infrastructure, are referred to as a factor of production. These resources are utilised to produce commodities and services.All the materials required for producing a good or service are included in this. Land, labour, capital, and entrepreneurialism all function as production elements.Investing in capital is the third production element. Consider capital as the equipment, resources, and structures that people employ to create goods and services. Hammers, forklifts, conveyer belts, computers, and delivery trucks are a few typical objects that can be considered instances of capital.In order to produce additional commodities and services, capital is a factor of production that has been created. Capital examples include office structures, equipment, and tools. The resources that come from nature are known as natural resourcesTo learn more about production refers to:
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Money has evolved over time from
being printed on valuable substances (commodity money) to merely representing those valuable substances (commodity-backed money) to not representing anything at all (fiat money). The values of both fiat money and commodity money are determined by supply and demand. They both require faith that you will be able to spend them tomorrow. So, they are both the same in that respect. The only difference between fat and commodities is that the fiat is issued by a government, and the government can issue as much as it wants. Some people are worried about our economy because the government can print as much fiat money as it wants. However, the amount of gold and silver can't just be produced just like that, their value is derived by demand and supply where supply can't be unlimited unlike Fiat money. Do you agree or disagree with this concept? Explain your answer.
Yes, i completely agree with this concept. As fiat money has unlimited supply due to the fact that it is printed. However, gold and silver are natural resources and have limited supply and can exhaust overtime.
Give a brief account on fiat and commodity money.Fiat currency's value is mostly determined by public confidence in the issuer. On the other hand, the value of commodity money is determined by the substance used to make it, such as gold or silver. As a result, commodity money frequently has intrinsic value as opposed to fiat money. Fiat currency may become worthless if public opinion about the authority issuing it changes. Contrarily, commodity money maintains value according to the metal or other material composition it contains. As a result of having no inherent value, fiat currency is more susceptible to inflation. Despite having intrinsic worth, commodity money is subject to significant price swings due to shifting commodity prices. In the case of silver coins, for instance, a significant silver find could result in inflation if the value of the silver currency plummeted.
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Costs that change with increases and decreases in the amount produced are _____.
A-fixed costs
B–opportunity costs
C-variable costs
D-none of the above
The kind of cost, which varies with the amount of it produced will be - variable cost
Sharing information, collaborating, and coordinating resources to jointly manage a process is referred to as _______.
Sharing information, collaborating, and coordinating resources to jointly manage a process is referred to as process integration. Hence, the correct answer is process integration.
What does process integration mean?Process integration encompasses not only the design of new facilities but also retrofit design and the operation of existing systems. According to Nick Hallandale, process integration allows enterprises to make more money from their raw materials and capital assets while also being cleaner and more sustainable.
The major benefit of process integration is that it allows you to look at a system as a whole in order to enhance its design and/or operation. An analytical approach, on the other hand, would aim to enhance or optimize process units independently, without necessarily taking advantage of potential interactions between them.
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costs that the manager does not have the power to determine or at least significantly affect are:
Costs that the manager does not have the power to determine or at least significantly affect are: Indirect costs.
The top or senior layer of manager which is a smaller group that also comprises non-executive, executive, and independent members on the board of directors, is made up of the president, vice-president, CEOs, and other C-level executives. The chief technology officer, chief financial officer, and other executives are among the members of the C-suite. They are in charge of leading and managing all business operations at the corporate level. They set the overall direction of the organization, establish the "tone at the top," and make corporate regulations. Top-level managers are also essential for organizing the usage of external resources. Senior executives have obligations to shareholders, the general public, and organizations that oversee businesses.
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How does the government control the labor in a command economy?
The government decides the means of product and owns the diligence to produce goods and services for the public. The government prices and produces goods and services that it thinks to benefit the people.
Ignores consumer preferences. This rapid-fire rallying frequently means command husbandry mows down other societal requirements. For illustration, the government tells workers what jobs they must fulfill, discouraging them from moving. The goods produced are not always grounded on consumer demand. Command economy is made possible by a high degree of state power, meaning the government owns land and primary diligence and largely controls the financial system.
Give three exemplifications of government control over the factors of production in a command frugality. The government generally owns nearly all of the land in a command frugality. In addition, they also give the utmost capital since the maturity of the structures, machines, and tools is government possessed.
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In problem 10 above, what will be the remaining amount of the investment at the end of the 10-year term, after the last income payment is received?
After the last income payment is received the remaining amount of the investment at the end of the 10-year term will be $0.
A purchase made with the intention of creating income or capital growth is known as an investment. An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilise it as a source of immediate consumption, but rather as a tool for future wealth creation. An investment always involves the expenditure about some resource today time, effort, money, or an asset in the anticipation of a future return greater than the initial investment.
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A manual warewashing sink is require red to be equipped with hot and cold water , detergent , a method to sanitize , and a?
A manual warewashing sink is essential for food preparation and cleaning. It must be equipped with hot and cold water, a detergent solution, a method of sanitizing, and a drain.
These components are essential for effective and hygienic cleaning. The detergent solution should be strong enough to remove food residues and other contaminants, while the sanitizing method should be able to kill any potential bacteria.
Hot water should be available for rinsing and to help dissolve the detergent. The drain should be large enough for all materials to be efficiently removed.
To ensure the highest level of hygiene, a manual warewashing sink needs to be equipped with both hot and cold water, as well as a detergent and a method of sanitization. By doing this, you can ensure that all dishes, utensils, and other items used in the kitchen are thoroughly and safely cleaned.
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suggests that disparate impact exists if a selection criterion results in a selection rate for a protected class that is less than 80 percent of that for the majority group.
Disparate impact occurs when a selection criterion has a disproportionately negative impact on a particular group of people or groups of people, and particularly those which are protected by law.
In this current situation, the selection rate for the protected class must be 80 percent or less than the majority group. That is, if the majority group has a selection rate of 80 percent, then the selection rate for the protected class must be 64 percent or less than 64, for there to be a disparate impact. This type of discrimination is illegal and must be dealt with to ensure fair recruitment.
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if one u.s. dollar equals one e.u. euro, which of these could result if the euro experiences inflation?
If the euro experiences inflation, the value of the euro would increase relative to the US dollar. This would mean that it would take more US dollars to purchase one euro.
For example, if the euro experiences 2% inflation, then it would take 1.02 US dollars to purchase one euro
The rate at which prices increase over a specific time period is known as inflation. Inflation is often measured in broad terms, such as the general rise in prices or the rise in a nation's cost of living. But it can also be computed more precisely for some products, like food, or for services, like a haircut, for instance.
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Suppose there are two possible income distributions in a society of ten people. In the first distribution, nine people have incomes of $30,000 and one person has an income of $10,000. In the second distribution, all ten people have incomes of $25,000. If the society had the first income distribution, the utilitarian would argue that the marginal utility of income for the person with an income of $30,000 is than the marginal utility of income for someone with an income of $10,000, so income be redistributed. Rawls considers distribution to be more equitable. True or False: Nozick considers neither distribution to be more equitable. True False
The country's population's total coverage of stimulated gross domestic product is referred to as income distribution. It's a sign that poverty will go down in the home country.
It has been demonstrated that it contributes to the country's level of inequality.
a). The concept of diminishing marginal utility would serve as the foundation for the utilitarian case for income redistribution. It would be ideal if an additional dollar could serve the economically disadvantaged more marginally than the marginally wealthy. The marginal utility of the nine people with $30,000 is lower, while the marginal utility of the $10,000 person is higher. As a result, utilitarian's advocate for equitable income distribution, which means that nine people with $30,000 in income can directly mobilize a dollar. The one person with $10,000 does not mobilize a lot of people. In order to maximize the total utility of all ten people, the utilitarian process ought to continue.
b). A second, more equitable pattern of income distribution was what Rawls favored. The maximin principle is the foundation of this argument. One individual will receive $10,000 in the first distribution, while nine individuals will receive $30,000 in the second. In the second distribution, it would benefit more.
c). Instead of distributing incomes equally, Nozick selection is based on the principle of equal opportunities. He would choose either of the two distribution patterns that ought to be based on the principle of equal opportunities. Nozick has held the belief that the government's role has been limited in order to ensure that people of all abilities have equal access to opportunities in society. The pattern of income distribution is not a concern for the government. Therefore, based on the game rule, Nozick has chosen either distribution, which may be equitable.
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if the price of output is 5 and the wage rate is 10 per hour how many workers should be hired by a profit-maximizing firm
A company that wants to maximize its profits should hire 3 employees if the cost of output is $5 and the hourly compensation is $10.
The number of workers recruited and the compensation rate are defined by the demand and supply curves for labor in a perfectly competitive labor market. In a market where there is competition for labor, a business that hires workers maximizes its profits by hiring workers up to the point where the wage rate is equal to the cost of its marginal labor output.
As long as VMPL > w at each unit of labor recruited, the company will continue to hire workers. When VMPL w, the company will stop hiring because the expense of acquiring a new employee is more than the revenue increase brought on by the new employee. Up to the third unit of contracted labor, as shown in the table VMPL > w. Beyond this point, the wage rate w becomes equal to the value of the marginal product of labor (VMPL).
As a result, the company needs to hire three people.
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Pat recently moved to San Diego from Nevada, where he has an inactive broker license. He has passed the California broker license exam, but has not yet received his license. Pat found a buyer for a house in the neighborhood that was listed for sale. Escrow is scheduled to close in two days and Pat is looking forward to his commission check. Pat receives a call from the escrow officer telling him he will not receive a commission check. Which statement is correct?
The correct statement is: Pat is not a licensed California real estate broker at the time the compensation was
Who are Real estate brokers?A licensed professional who assists in the purchase, sale, and transfer of real estate is known as a real estate broker. They help clients with paperwork, making decisions, and complying with legal requirements by utilizing their expertise and understanding of the real estate industry.
There are three kinds of brokers:
Internet brokers are a brand-new type of digital investment that connects with customers online.Discount agents A stockbroker who executes buy and sell orders at a lower commission rate is known as a discount broker.Brokers with all services.the distinction between a broker and an agent:
Insurance companies are represented by agents. Buyers are represented by brokers. The insurance companies that agents represent sell policies. Brokers look for insurance policies from various companies.
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Issues relating to business ethics often lead to _______ conflict, where there may simply not be a(n) _______ correct answer. Therefore, it may not just be a case of deciding between right and wrong but often at an individual level it involves deciding between different courses of action that different _______ both believe to be right or wrong.
There is frequently "value" conflict and no "objectively" correct answer when it comes to moral business issues. Since there are many possibilities that "Organization" and individuals both deem proper or inappropriate.
values of business- Due to val ue conflict, business ethics are not always clear-cut and frequently veer into very gray areas. As a result, it is frequently necessary to try to understand and reconcile the viewpoints of various actors. What is right and wrong for a person or a community is defined by ethics.Morality is concerned with norms, values, and beliefs embedded in social processes. The study of ethics and the application of reason to clarify specific laws and principles are the subjects of morality. The codification of rules and principles is what ethical theories do.
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What are the 3 Economic Indicators ?
Leading indicators, Lagging indicators, and coincident indicators are the three Economic Indicators .
Macroeconomic data that describe the state of an economy are known as economic indicators. Use them to ascertain if an economy is thriving and growing or struggling and shrinking. Economic indicators are available in three varieties: coincident indicators, lagging indicators, and leading indicators. Leading indicators are thought to anticipate economic trends. These statistics are used by analysts to try and predict changes in the business cycle. Coincident indicators change concurrently with the business cycle and capture the state of the economy at any given time. Lagging signs include things like Average time spent unemployed ,
average prime rate that banks charge ,The cost of labour per unit of production has changed.
Government or nonprofit institutions, such as the Conference Board, the Federal Reserve System, the Bureau of Labor Statistics, and others, publish the most trustworthy and thoroughly scrutinised economic indicators.
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Hulu allows people to watch television shows and movies on the Internet. Hulu's business opportunity was made possible by ________ that enhanced the ability of television shows and movies to be uploaded to the Internet and played by anyone with a suitable computer and an Internet connection. Group of answer choices economic forces legal changes technological advances regulatory changes social forces
Hulu's business opportunity was made possible by technological advances that enhanced the ability of television shows and movies to be uploaded to the Internet and played by anyone with a suitable computer and an Internet connection.
Hulu is a subscription streaming service in the United States that is majority-owned by The Walt Disney Company, with Comcast's NBCUniversal having a minority share. It debuted on October 29, 2007, and it has a library of films and television programmes from studios such as 20th Century Fox, Searchlight Pictures, Disney Television Studios, ABC, Freeform, and FX Networks, as well as Hulu original programming.
Hulu began as a joint venture between News Corporation and NBC Universal, Providence Equity Partners, and eventually The Walt Disney Company, aggregating recent episodes of television programmes from their respective television networks.
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UVW Broadcast Co. entered into a contract to exchange unsold advertising time for travel and lodging services with Hotel Co. As of June 30, advertising commercials of $10,000 were used. However, travel and lodging services were not provided. How should UVW account for advertising in its June 30 financial statements
In its financial records as of June 30, UVW recorded an asset and a $10,000 revenue from advertising.
How Do Financial Statements Work?Financial statements are written records that outline a company's operations as well as its financial success. Financial statements are regularly audited by government organisations, accounting firms, and other entities to ensure their accuracy and for reasons linked to taxes, financing, or investment.
What do lodging services entail?Lodging services include establishments like hotels, motels, motor hotels, rooming and boarding houses, and bed and breakfast inns that provide temporary housing accommodations or a location for such refuge and are accessible to the general public for a cost.
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What is the economic concept that states that the more of something a company buys or produces, the cheaper each unit becomes
For instance, a company might benefit from economies of scale while making large purchases. By making a large number of purchases at once, it was able to negotiate for a cheaper price per unit than its competitors.
Production costs are the expenses a business has to pay while producing purchases a good or offering a service that brings in money for the company. Various expenditures, including labour, raw materials, consumable manufacturing supplies, and general overhead, might be included in production price. Economies of scope happen when it is less expensive to produce two goods together than to produce them individually.
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Which of the following would not be considered part of the implementation phase of problem solving? a. Change management b. Determining the attitude of employees about the solution c. Training an employee on new systems software d. Purchasing hardware for an information systems solution e. Evaluating a selection of software packages for implementing a new business process
Evaluating a selection of software packages for implementing a new business process considered part of the implementation phase of problem solving.
What exactly is a business process?A business process is a group of interconnected tasks with a final destination of providing a service or product to a customer. A series of actions and activities that, when finished, will achieve an organizational purpose is another definition of a business process.
A business process, business procedure, or business function is a group of connected, organized activities or tasks carried out by people or machinery in a certain order to generate a service or a product for a specified customer or consumers.
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IBM's shift to a service business changed the inputs in their transformation process. Which input would be the most important resource in the new model
According to question, the most important input is Labour ,when IBM's shift to a service business changed the inputs in their transformation process .
Direct labor is the term for the salaries and pay given to employees who take part in the actual creation of a good or the provision of a service. The cost of labor per employee is calculated by multiplying the hourly wage of a worker by the total number of hours they will work in a year.
The cost of labor for a salaried employee is estimated by dividing their annual salary by the total number of hours they will work during the course of the year. Businesses that transform raw materials, substances, or component components into finished goods through mechanical, physical, or chemical processes are included in the manufacturing sector.
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Julia works in an advertising company where there is intense competition. How can she prove herself as a reliable employee
Julia can prove herself as a reliable employee by consistently delivering high-quality work on time, effectively communicating with her team and managers, being proactive in finding solutions to problems, and showing a strong work ethic.
Julia should take initiative in her role, actively seek out new opportunities, and take on additional responsibilities when possible.
She should also be available to help her team members and show a positive attitude towards feedback and criticism. She can also build a strong network within her company.
Julia should strive to be a valuable asset to her team and company by continuously improving her skills and knowledge in her field.
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Answer: C
Explanation: Be punctual and deliver work on time
which of the following is not true when determining the selling price for a product?
When it comes to determining the selling price of a product, as long as the selling price exceeds the variable cost, it cannot be said to be profitable in the short term. So the correct choice is A.
What do you mean by variable costing?Variable costing is a cost concept in management accounting. Manufacturing a product using this technology incurs manufacturing overhead. This solves the problem of absorption costs and allows you to grow your income to match your performance. Absorbed cost strategies allow managers to shift costs to the next period when items are sold. This artificially increases revenue throughout the manufacturing cycle as it incurs fewer costs than the variable cost approach. Variable pricing is generally not used for external reporting. Income statements must be calculated under GAAP under the Tax Reform Act of 1986.
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The complete question is as follows:
Which of the following is not true when determining the selling price for a product?
a. As long as the selling price is set above the variable costs, the company will make a profit in the short run.
b. Both variable and absorption pricing plans should be considered, to include several pricing alternatives.
c. Absorption costing should be used to determine routine pricing which includes both fixed and variable costs.
d. Variable costing is effective when determining short-run decisions, but absorption costing is only used for long-term pricing policies.
the alternative minimum tax base is typically ______ the regular income tax base.
The alternative minimum tax (AMT) base is typically lower than the regular income tax base.
This is because the AMT is designed to prevent taxpayers from using deductions and credits to avoid paying their fair share of taxes. The AMT eliminates many of these deductions and credits and calculates tax on a much narrower base, resulting in a higher tax rate.
For example, some deductions are associated with state and local taxes, medical expenses, investment expenses, and certain other items are not allowed for the AMT. This means that these items are not deductible when calculating the alternative minimum tax(AMT).
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Does driving to and from work count as a business expense?
Business owners can reduce expenses for the use of a car for business purposes, for their driving, and employee driving. The car can be ruled by the business or employee, and you can use a strong mileage or actual expenses deduction to get the amount of the reduction.
A small business can reduce expenses for employee and owner use of a car, but only for business purposes.
Personal driving expenses and commuting expenses are not deductible.
You can deduct driving expenses by detailing actual expenses or multiplying the Internal Revenue Service (IRS) standard mileage rate by your business miles for the year.
You must be able to prove that the expenses were business-related, by providing at-the-time records.
Your small business can deduct all business driving cost for all types of vehicles driven by business owners and employees. If your business owns the vehicle, you can also deduct decline expenses, but only if you use the vehicle more than 50% of the time for business purposes.
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