Indicate the amoun (if any) that she can deduct as an ordinary and necessary business deduction in the situation:
Michelle moves her food truck between various locations on a daily rotation. Last week, Michelle was stopped for speeding. She paid a fine of $220 for speeding, including $175 for legal advice in connection with the ticket.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Indicate the amoun (if any) that she can deduct as an ordinary and necessary business deduction in the situation: Michelle moves her food ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
When Raoul Welsh is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home building nationwide, he is looking at microeconomics. True/False
Answers (1)
Machinery purchased for $67,200 by Coronado Co. in 2016 was originally estimated to have a life of 8 years with a salvage value of $4,480 at the end of that time. Depreciation has been entered for 5 years on this basis.
Answers (2)
A firm recently issued $1,000 par value, 20-year bonds with a coupon rate of 6% and semi-annual payments. The bonds sold at par value, but flotation costs amounted to 5% of par value. The firm has a marginal tax rate of 21%.
Answers (1)
Which do you prefer black or blue jeans and why
Answers (2)
Prepare a short oral report that describes one of the services of the united nations that could be of value to a person working for an international company
Answers (1)
New Questions in Business
In the cost reconciliation report under the weighted-average method, the "Total cost accounted for" equals: A) Cost of beginning work in process inventory Cost of units transferred out B) Cost of beginning work in process inventory Cost of units
Answers (1)
Ted told Bob, the owner of Bob's Travel Agency that, unless Bob bought 10,000 worth of advertising from him, Ted will circulate false stories in the community that Bob had stolen clients' deposits.
Answers (1)
Which is not a reason for allocating internal costs to cost objects? Managers should be charged for benefits received by departments (or products) under their control To determine the amount to be reimbursed under a cost-reimbursement contract To
Answers (1)
Organizational core values are the answer to which of the following questions? How do we accomplish our goals? Which of the value chain activities are primary? What is the value added to a good or service at each step in the production?
Answers (1)
A company borrows $38,000 with 7% interest on october 1, 2018. this amount plus interest is due on september 30, 2019. record the adjusting entry on december 31, 2018.
Answers (1)