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Can you write off gifts as a business expense?
Yes, gifts given to clients or employees can be written off as a business expense, but there are limitations on the amount that can be deducted.
What is the maximum amount of property tax that can be deducted in California?
The maximum amount of property tax that can be deducted in California is 10,000 per year.
What is the maximum amount of student loan interest that can be deducted for the 2018 tax year?
For the 2018 tax year, the maximum amount of student loan interest that can be deducted is 2,500.
What is the maximum amount of student loan interest that can be deducted on taxes for the year 2018?
The maximum amount of student loan interest that can be deducted on taxes for the year 2018 is 2,500.
What is the maximum amount that can be deducted for California property taxes on federal income tax returns?
The maximum amount that can be deducted for California property taxes on federal income tax returns is 10,000.
Can you write off gifts as a business expense?
Yes, gifts given to clients or employees can be written off as a business expense, but there are limitations on the amount that can be deducted.
What is the maximum amount of property tax that can be deducted in California?
The maximum amount of property tax that can be deducted in California is 10,000 per year.
What is the maximum amount of student loan interest that can be deducted for the 2018 tax year?
For the 2018 tax year, the maximum amount of student loan interest that can be deducted is 2,500.
What is the maximum amount of student loan interest that can be deducted on taxes for the year 2018?
The maximum amount of student loan interest that can be deducted on taxes for the year 2018 is 2,500.
What is the maximum amount that can be deducted for California property taxes on federal income tax returns?
The maximum amount that can be deducted for California property taxes on federal income tax returns is 10,000.
What are business deductions?
these are expenses which are deducted from the income of a business and reduce their amount of taxable income. for example, the cost of a renting a store will be deducted from a stores profit.
What is the maximum amount of pay for which social security taxes must be deducted in 2009?
about 674 us dollars
What is gross operating expense?
Gross operating expense is the total amount of money spent by a company to operate its business, including costs such as salaries, rent, utilities, supplies, and other day-to-day expenses. It does not include taxes or interest expenses.
Is bad debt expense a variable cost expense?
According to The Entrepreneur's Guide to Writing Business Plans and Proposals that can be found in google books, bad debt expense is a variable expense because the amount of bad debt depends on the amount of sales.
Is depreciation expense under administrative expense?
Depreciation expense can be allocated to Administrative Expense or Selling & Marketing Expense or even to Cost Of Goods Sold. The amount of allocation and how that is done is specific to the type of business or industry.
How does prepaid expense and accrued expense affect the profit of a business?
it will either increase or decrease profit. Prepaid expense should increase profit as the amount has been overstated.
What is the maximum amount one can use as a charital deduction?
The maximum amount that you may deduct for charitable contributions is 50% of your yearly income. If you've given more than 50% of your income the excess can be deducted on the following years taxes.
