Business, 24.10.2019 21:43 robertobi5397

Tom operates an illegal drug-running operation and incurred the following expenses: salaries $ 75,000 illegal kickbacks 20,000 bribes to border guards 25,000 cost of goods sold 160,000 rent 8,000 interest 10,000 insurance on furniture and fixtures 6,000 utilities and telephone 20,000 which of the following amounts reduces his taxable income? a.$279,000. b.$160,000. c.$119,000. d.$324,000. e. none of these choices are correct.

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 08:00, shatj960

Suppose the number of equipment sales and service contracts that a store sold during the last six (6) months for treadmills and exercise bikes was as follows: treadmill exercise bike total sold 185 123 service contracts 67 55 the store can only sell a service contract on a new piece of equipment. of the 185 treadmills sold, 67 included a service contract and 118 did not.

Answers: 1

continue

Business, 22.06.2019 19:50, sp00ns

What is the present value of the following cash flow stream at a rate of 12.0%? years: 0 1 2 3 4| | | | |cfs: $0 $1,500 $3,000 $4,500 $6,000a. $9,699b. $10,210c. $10,747d. $11,284e. $11,849

Answers: 3

continue

Business, 23.06.2019 00:00, shiba8667

How did the change in textile production affect employment in spinning and weaving for adults and children?

Answers: 1

continue

Business, 23.06.2019 00:30, anniebear

5. if you were to take a typical payday loan for $150, with an interest rate of 24.5% due in full after two weeks, what is the total amount you would have to repay? a. $186.75 b. $174.50 c. $157.33 d. $153.67

Answers: 1

continue

You know the right answer?

Tom operates an illegal drug-running operation and incurred the following expenses: salaries $ 75,0...