Holly is a small business owner whose income is reported on Schedule C. She placed her 2016 Honda Accord into service when she purchased it on January 1, 2018 for $24,000. She did not claim any §179 expense, but she did claim bonus depreciation. In 2018, she drove her vehicle 9,600 miles for business, 5,200 commuting miles, and a total of 18,000. What is Holly's depreciation for the car in 2018?

Answers

Answer 1

Answer:

the depreciation for the car is $9,600

Explanation:

The computation of the holly depreciation for the year 2018 is as follows:

In the case when the automobiled is used for business i.e. lower than 100% so it would be determined proportionally

i.e.

= $18,000 × 9600 Miles ÷ 18000 Miles

= $9600

Also the communting expense would be considered as a personal expense

So, the depreciation for the car is $9,600


Related Questions

Which type of insurance covers individuals by giving them a
portion of their wages in the event that they are unable to work for
a long period of time due to illness or injury?

O Collateral
O Disability
O Liability
O Property

Answers

Answer:

Disability

Explanation:

Disability insurance offers protection against the loss of income due to disability or sickness. This insurance policy provides income to the insured if they are unable to work as a result of a disability or serious illness. Disability insurance coverage is available from private insurance companies and government-backed programs.

Answer:

Disability

Explanation:

What is federal income tax?

The federal income tax is a significant deduction from an employee’s ______
pay.

Answers

Answer:

The federal income tax is a significant deduction from an employee’s personal

pay.

Explanation:

Nothing make sense

Answer:

I believe its Gross pay

Explanation:

gross pay is what an employee has before taxes

GUYS I NEED YOUR HELP ASAP. ok so im running for school secretary and well i forgot to make an online flyer its due TOMORROW do you guys know any good online customizable flyer websites . if so lmk in the comments i will be forever grateful!!!! btw i just put a random subject

Answers

Answer:

canva is a good one

lemme know if u like it haha

i use lucidpress a lot too for most of my projects !

10 POINTS PLEASE HELP ASAP
What kind of product should a country produce to obtain the maximum gains from trade?

A.
Products that have the lowest opportunity cost of production.
B.
Products that have the highest opportunity cost of production.
C.
Products that need to be produced using the most expensive resources.
D.
Products that can be produced with a minimum number of resources.

Answers

Answer:

I wanna say D

Explanation:

hope that helps

The products that can be produced with a minimum number of resources  a country should  produce to obtain the maximum gains from trade. Thus option (D) is correct.

What is Trade?

Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties.

In finance, trading refers to purchasing and selling securities or other assets. In international trade, the comparative advantage theory states that trade benefits all parties.

Most classical economists advocate for free trade, but some development economists believe protectionism has advantages. In macroeconomics, trade usually refers to international trade, the system of exports and imports that connects the global economy.

A product sold to the global market is an export, and a product bought from the global market is an import. Exports can account for a significant source of wealth for well-connected economies.

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What are liquid assets? What are non-liquid assets? What are some examples of each?

Answers

Explanation:

A liquid asset allows any individual or a company to access cash at any time they want. ex:Cash or currency, Bank accounts, Accounts receivable

Non liquid assets are assets that cannot be sold or converted into cash easily without a significant loss of investment. Some examples of such assets include houses, cars, land, televisions and jewelry.

hope it helps!

In the wrong hands, which of the following pieces of personal information would present the greatest risk for identity
theft?
a. credit card number
b. date of birth
c.phone number
d. place of birth

Answers

Answer:

a

Explanation:

with a credit card number that can access you money, name, and your d.o.b

with a d.o.b they cant do anything bc a lot of ppl have the same birthday

phone number they cant do anything bc more than 1 person have the same number like if someones bill wasnt paid, they recycle the #.

place of birth a lot of ppl were born at the same hospital

In the wrong hands, the credit card number would present the greatest risk for identity theft.

What is credit card number?

A credit card number is a string of numbers that appears on the front of the card. Its purpose is to find out who owns the credit card and who owns the account. It also aids in fraud prevention.

With the credit card number, the name, and date of birth of any person can be detected. They can't accomplish anything with a date of birth because so many people share the same birthday.

The credit card number poses the biggest risk of identity theft in the wrong hands.

Therefore, option a is correct.

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A change of state of matter is an example of a/an
A. chemical change
B. chemical reaction
C. exothermic reaction
D. physical change ​

Answers

Answer:

D.Physical Change

Explanation:

Physical changes alter the size, shape, form or basically the matter state of a material....& they are reversible.

So over here, Changes of state are physical changes in matter coz they are reversible changes that do not change matter's chemical form or chemical properties.

For example, Ice- even though it changes to water when it melts, it can still change back to ice when it freezes. so the change is reversible.

Read the scenario and answer the question.
A hurricane hit the Georgia coast and citizens living along the coast lost power to their homes for two weeks after the storm. During that
time, citizens had limited access to drinkable water and gasoline for their vehicles and generators.
Since gasoline was more scarce than usual, how was the market for gasoline likely affected following the storm?
A
The price of gasoline increased in coastal cities since gasoline was harder to find.
B
Citizens purchased substitute products that would satisfy their demand for gasoline.
С
The demand for gasoline decreased until it became widely available once again.
D
Temporary shortages of gasoline resulted in a price reduction by producers.

Answers

Answer:

A). The price of gasoline increased in coastal cities since gasoline was harder to find.

Explanation:

As per the principles of demand and supply, a decrease in supply while demand remains constant will cause the price to increase.  In Georgia, the supply of gasoline was interrupted by the storm's effect. There was little gasoline coming in, leading to a shortage. After Electricity went off, gasoline demand must have gone high as people needed fuel for generators.

Gasoline has no close substitutes, especially when used as fuel for cars and generators. A shortage results in the scramble for the little available products. Sellers hike prices to maximize profits, and buyers are willing to pay more to get the scarce gasoline, thereby increasing its prices.

Your friend is hoping to buy a home in the next few years. What should your friend know about the process of finding and paying for a new home? Then consider what you learned in the Wk 3 Learning Path video, "Demonstration Problem Video 6.5: Calculating an Affordable Home Price" in WileyPLUS. How would your friend determine what is affordable?

Answers

Answer:

Following are the solution to the given question:

Explanation:

To purchase a new home, they should first be able to afford a way which will have houses itself on budget and should be able to check all similar houses in the area but in others. To pay for the new house, he may pay directly if he does have the amount of money, or if he's had a home mortgage that is also recognized as a car loan, meaning according to his credit history, he receives a loan against the price of a property he plans for purchase, and therefore, that interest rate is decided.

To order to calculate what is reasonable, they need to find out just how much cash he has as well as how many loans he would pay to be compensated for by the EMI on schedule.He should be good at all the financial products he allows usage of it for a better credit record. For a successful FICO score to also be kept, the individual needs to pay the credit card debts and other expenses, like utilities or electricity. He must not make many banks' loan applications since the more requests he creates, and the affected is his FICO score, spoiling the credit record.

What do you think would be the most difficult part of being a public relations specialist?​

Answers

Answer:

Public relations specialists create and maintain a favorable public image for the organization they represent. They craft media releases and develop social media programs to shape public perception of their organization and to increase awareness of its work and goals.

Explanation:

A public relations specialist has to face difficulties like being able to maintain the image of the public figure that they have created for themselves in the eyes of the society.

Who is a public relations specialist?

A public relations specialist is an individual or an organization who looks after the creation, maintenance of the image of a public figure and looking after the affairs related thereto.

There are many difficulties that might come in this way, like behavior of such individual in the society, positive or negative actions of such affairs and ensuring that the image of such individual in the society stays.

Hence, it can be stated that a public relations specialist has to face numerous difficulties in his daily course of life.

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14) Which of the following is an attempt by a fim to increase the demand for its product? (3SEMI21
DOK: 2)
the imposition of a price ceiling on the product
A
B. an advertising strategy designed to change consumer tastes and preferences
C. a marketing strategy to make the good scarce and therefore more expensive
D. a production strategy to flood the market with the good or service

Answers

Answer:

B. an advertising strategy designed to change consumer tastes and preferences

Explanation:

Increasing the demand for a product refers to the activities of making products desirable to customers. It involves interesting customers with the product or services to influence them to purchase.  

Advertising is a strategy for creating awareness for a product in the market. It entails communicating the benefits of a good or service to potential customers in a manner that persuades them to buy. Advertising creates the demand for a product by influencing customer perceptions and opinions on the commodity or service.

Luis has a biweekly gross pay of $770 and claims 2 federal withholding allowances. Luis has all of the following deductions from his gross pay:
federal tax from the following table
A 9-column table with 7 rows is shown. Column 1 is labeled If the wages are at least with entries 720, 740, 760, 780, 800, 820, 840. Column 2 is labeled But less than with entries 740, 760, 780, 800, 820, 840, 860. Column 3 is labeled And the number of withholding allowances is 0, the amount of income tax withheld is, with entries 80, 83, 86, 89, 92, 95, 98. Column 4 is labeled And the number of withholding allowances is 1, the amount of income tax withheld is, with entries 62, 65, 68, 71, 74, 77, 80. Column 5 is labeled And the number of withholding allowances is 2, the amount of income tax withheld is, with entries 44, 47, 50, 53, 56, 59, 62. Column 6 is labeled And the number of withholding allowances is 3, the amount of income tax withheld is, with entries 26, 28, 31, 34, 37, 40, 43. Column 7 is labeled And the number of withholding allowances is 4, the amount of income tax withheld is, with entries 14, 16, 18, 20, 22, 24, 26. Column 8 is labeled And the number of withholding allowances is 5, the amount of income tax withheld is, with entries 1, 3, 5, 7, 9, 11, 13. Column 9 is labeled And the number of withholding allowances is 6, the amount of income tax withheld is, with entries 0, 0, 0, 0, 0, 0, 1.
Social Security tax that is 6.2% of his gross pay
Medicare tax that is 1.45% of his gross pay
state tax that is 19% of his federal tax
Determine how Luis’ net pay will be affected if he increases his federal withholding allowances from 2 to 3.
a.
His net pay will decrease by $19.00.
b.
His net pay will increase by $19.00.
c.
His net pay will decrease by $22.61.
d.
His net pay will increase by $22.61.

Answers

ANSWER:

His net pay will increase by $22.61.

Explanation:

Im pretty sure this is right.

Answer:

D 22.61 increase

Explanation:

Shares can be exerted forfeited:
a for- non Payment of call
money
b) for failure to attend meeting
c o for Payment of calls in advance
d. None of these.​

Answers

Answer:

a for- non Payment of call

money

Explanation:

SHARES can be FORFEITED in a situation where a member or a shareholder of a company or an organization refused to pay his or her call money.

A member or a shareholder who is expected to pay his or her call money are often given some numbers of days by the company which will serve as a notice for such shareholder to make their payment in which if such shareholder refused to pay the call money within the stipulated time his or her shares will be been FORFEITED and in a situation where the shareholder shares is been FORFEITED that means such individual will no longer be a shareholder of the company or the organization.

Therefore Shares can be exerted forfeited FOR NON-PAYMENT OF CALL MONEY.

What are the primary reasons people choose to invest and trade stocks?

(Select all that apply.)


to earn a dividend to earn a dividend , ,

to earn capital gains to earn capital gains , ,

to earn predictable quarterly interest to earn predictable quarterly interest , ,

to earn money that is liquid

Answers

Answer:

to earn a dividend

to earn capital gains

Explanation:

Stocks represent ownership in a corporation. Shareholders are entitled to share in the profits of the business. The portion of profits that shareholders get for contributing capital is the dividend.

Investing in stocks makes one a shareholder and gives them the right to dividends. Investors always select the stocks of companies likely to declare high dividends. Dividends is an important reason why investors opt for shares or stocks.

Stocks of corporations that are performing well financially are likely to increase in price. Investors buy stocks when prices are low and selling them when prices appreciate. That way, they can profit through capital gain.

Dividends and capital gains are the rewards that investors gain from stocks. Interest is earned on deposits and loans.

Gus decides to park his canmper in an empty overgrown lot and connects wires from his camper to an electric pole to obtain electricity. Because
Gus's actions in connecting wires more than likely violate a county ordinance or state law preventing individuals from connecting wires to power
cables installed by the electric company, Gus is liable for
fraud
O trespass
O nuisance
O negligence

Answers

Answer:

negligence

Explanation:

Answer:

It was trespass on edge quiz

Explanation:

There are many costs associated with owning a car. Which of these is not something you'll need to pay for?
A
Maintenance.
B
Registration.
C
Inspection.
D
Arbitration.

Answers

The answer will be -B-

The cost is the defined amount or sum of money that is incurred in the firm from the stage of production to the stage of selling and distributing the goods and services to the market for the customers.

The correct answer is C Inspection.

Option C  Inspection is correct because it does not incur any of the expenses while owning a car. This is because the inspection is done free of cost at the service center to look after the condition of the vehicle.

Options A, B, and D are the wrong ones because they are to be paid at a certain period of time because it is the expense that we incur while owning a car.

To know more about the costs while owning a car, refer to the link below:

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What do you mean by sustainable development? What is as relation with environment.​

Answers

Answer:

The concept of sustainable development was described by the 1987 Bruntland Commission Report as “development that meets the needs of the present without compromising the ability of future generations to meet their own needs.”

Explanation:

An example of a poor study environment is a place with

Answers

Answer:

A place with a lot of noise, poorly lit, and distractions

Answer:

D

Explanation:

PLEASE HURRY!!!! Thanks! ;)
How do you know when you can afford something? When you have the ———————- to pay for it!

Answers

Answer:

Umm. Money

Explanation:

Well its not bananas or ketchup is it?

Does the U.S. have a trade deficit or surplus?

Answers

Answer:

surplus

Explanation:Don't quote me on this because I might be wrong, but I think the united states has a trade surplus because of the dependence on U.S trade globally. China has a trade surplus because they have some the biggest and busiest factories and shipping outposts. Since the U.S has such a high trade level with the trade Surplus of china the U.S is also a trade surplus.

What are the three advantages of high specific heat capacity of water? (write'em in points)​

Answers

Answer:

organism can maintain their normal body temperatureaquatic organisms can live in a relatively stable temperature

As you move through your career and begin to seek promotions, it is helpful to ______. a. Target and train for specific career promotions which fit your needs b. Remain tied to traditional practices in a technologically advancing age c. Show commitment to always doing your job in the same way no matter what d. Compile your professional development and growth every ten years Please select the best answer from the choices provided.

Answers

Answer:

a.

Target and train for specific career promotions which fit your needs

Explanation:

c. Describe the role a sales person would play in selling this type of product. How much help would customers be likely to need from the sales person? (1-3 sentences.

Answers

Answer:

They would help the product that they are selling sell better and would provide examples that would help the product sell better. The better the product sells the better the sales person gets paid. they would likely need not much help sense a sales person is mostly just for the company to sell their product or service well.

Explanation:

I hope this helped

What benefits many and is not consumed when used?
O Private Goods
O Free Goods
O Regular Goods
O Public Goods

Answers

Answer:

Public Goods

Explanation:

Public goods refer to commodities and services available for use by all members of a community. They are provided by the government through taxes. Because the government funds public goods, they benefit everyone in society at no extra costs.

Examples of public goods include public roads, street lighting, police service, national defense, and public bridges.

Public goods are both non-rivalry and non-excludability. They don't get exhausted when consumed, nor is it possible to exclude others from consuming them.

The cost of campaigning requires candidates to conduct extensive
activities.
O community service
O fund-raising
O illegal
O campaigning

Answers

Answer:

fund-raising

Explanation:

Running for a political office is an expensive affair. The candidate and political party require a lot of money to run a successful campaign. To raise funds needed to conduct campaigns, political parties and candidates organize fundraising activities and events.

Community service and campaigning are good platforms to woe voters but cannot generate funds to run for a political office.

Your department has been having things come up missing lately . You've been noticing but no one else has said anything . Two other people work in your department . how will you handle this issue ?

Answers

Answer:Are you friends with these other colleges if you’re you should try asking questions concerning the incidents but be careful so you don’t throw any of them especially if one of them might be the culprit

Explanation:


In Country A, the State controls ALL the factors of production. Country A could be described as a country that is operating within a:

A. free market economic system
B. laissez-faire economic system
C. mixed economic system
D. planned economic system​

Answers

D) Planned Economic System

In a communist economic system, all factors of production are controlled by the government. The Planned economic system most similarly embodies that same economic system.

Your new health insurance has a $4,000 deductible. What does that mean?
You'll pay the insurance company $4,000 a year to cover all of your
medical expenses.
B
Your insurance will cover up to $4,000 of your medical expenses each
year and then you'll have to cover the rest.
с
You'll need to pay $4,000 on medical expenses each year before your
insurance will kick in
Your insurance will pay up to $4,000 for each medical visit you have.

Answers

Answer:

с). You'll need to pay $4,000 on medical expenses each year before your

insurance will kick in

Explanation:

The deductible is the cash amount that a person needs to pay to the insurance company before their insurance coverage can begin.  It applies mostly to medical insurance. If an insurance policy has a deductible requirement, one can not launch any claim without having paid the deductible in full. The insured pays the deductible out of pocket.

please help, easy multiple choice question
whoops meant to put it in art

Answers

Answer: The answer that is correct is the last one, which is shape.

I hope this helped!

the enclosed space between where lines meet is called a shape:)

Adrian is an investor. He reviews the income statement of a company and concludes that he will benefit from investing in it. What is the information that is provided in the income statement that most likely helped him make this decision?

A.
income statement showed the debts the company owes
B.
income statement showed the net profit of the company for a specific period
C.
income statement showed the assets of the company
D.
income statement showed the equity capital of the company

Answers

Answer:

B. income statement showed the net profit of the company for a specific period

Explanation:

The management prepares an income statement at the end of a financial year to show whether a business made a profit or loss. It lists all the revenue in the top section, the expenses in the middle, and profit or loss at the bottom.

The income statement communicates how much profits a business made during a specific financial period.  Adrian was impressed by the profits that the company made that period.

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