Deductible commuting miles

Assignment Help Accounting Basics
Reference no: EM1357966

Sally incurred a 90-mile round-trip commute every day, mainly because she could not get along with her supervisor at the sales office located four miles from her home. Sally works under a one-year contract, and her assignment to the nearer office is affirmed in the current year's contract, but management has allowed her to travel to the further location. How many deductible commuting miles does Sally accumulate on a work day?

Reference no: EM1357966

Questions Cloud

Determine primary roles of the sec : Determine three primary roles of the SEC and explain how does the Sarbanes Oxley Act augment the SEC's role in managing financial governance? Do you think that businesses are more ethical after the passing of the Sarbanes Oxley Act?
Casualty loss deduction : Sarah came home one day to find significant water damage in her home. Apparently one of the hoses to her washing machine had worn out and split, spilling water all over the place. Over the next month, mildew appeared as well.
Explain if a company only sells its products from a website : Explain If a company only sells its products from a website and which is accessible over the internet to customers from all over the world
What is the concept of environmental sustainability : What is the concept of environmental sustainability and show the challenges to sustainability faced by developed, emerging, and survival economies. Do you think the "green" movement is a fad, or is it here to stay?
Deductible commuting miles : Sally incurred a 90-mile round-trip commute every day, mainly because she could not get along with her supervisor at the sales office located four miles from her home. Sally works under a one-year contract
Find time when station c hears the collision : The size of the frame is long enough to guarantee the detection of collision by both stations. Find: The time when station C hears the collision (t3).
Define the magnitude of the external field : define the magnitude of the external field. The Speed time graph of a particle moving along a fixed direction is shown below. Obtain the distance travelled by the particle between t=0 and t=10s. What is the average of the particle over this interva..
Risk factors of suicide : What are the risk factors of suicide? What are some common interventions everyone should be familiar with?
Compute total dollar return : Purchased five hundred shares preferred stock on January 1, 2006 for 85 a share. The stock pays an annual dividend of 12 a share. On December 31 the market price is 91 each share.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Direct method-amount of costs for department

The human resources department costs are allocated using the direct method and based on the number of employees, and the total amount of costs for the department is $187,000.

  Variances-journal entries

Aquafloat Corporation manufactures raft for us in swimming pools. The standard cost for material and labor is $89.20 per raft. Compute the following amounts. Indicate whether each variance is favorable or unfavorable.

  What technique of accounting should web-browser use

What technique of accounting should Web-Browser use to account for its investment in Internet Access at 31 st December, 1998, and June 30, 1999 (i.e., cost or equity method)?

  Rate and efficiency variances for variable overhead

Determine the rate and efficiency variances for the variable overhead item power cost and indicate whether those variances are unfavourable or favourable.

  Recording journal entries for bonds

On January 1, 2010, Parabolic Company issued 8% bonds with a face amount of $72.9 million, dated January 1. The bonds mature in 2025 (15 years). The market yield for bonds of similar risk and maturity is 10%. Interest is paid semiannually.

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Accounting engagement for acme company

CPA Smith completed an accounting engagement for the ACME Company on December 20, 20X1, and sent ACME a bill for $5,000 which ACME paid on January 25, 20X2. CPA Smith uses the cash basis of accounting

  Accrual basis of accounting from cash-basis

Differentiate the accrual basis of accounting from the cash-basis of accounting. Determine which method is acceptable for most business enterprises and justify your selection.

  Preparing a list of pros and cons

Preparing a list of pros and cons do not mean just giving a definition of three entities. Your information presented should be structured toward their prospective business. Please make sure your responsive comprise the necessary references and rule..

  Define the following persons'' role in an agency

Explain the difference between the role of the Account Executive and the Account Planner within an agency Define the following persons' role in an agency

  Preparation of classified balance sheet using given data

Preparation of classified balance sheet using given data, From the following data, prepare a classified balance sheet for Simon Company at December 31, 2006.

  Spot-money and bond markets

Expalin how Wal-Mart could use the international bond market to finance the establishment of new outlets in foreign markets.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd