a.
To classify: The purchase price of the car as variable cost or fixed cost
b.
To classify: The finance charges on the car loan as fixed cost or variable cost
c.
To classify: The cost of gas as fixed cost or variable cost
d.
To classify: The Oil changes as fixed cost or variable cost
e.
To classify: The cost of Replacement tires as fixed cost or variable cost
f.
To classify: The Insurance cost of $100 per month as fixed cost or variable cost
g.
To classify: The License plate/registration of $200 per year as fixed cost or variable cost
h.
To classify: The cost of SiriusXM Radio subscription as fixed cost or variable cost
i.
To classify: The cost of the Car washes (one per week)as fixed cost or variable cost
j.
To classify: The cost of the monthly parking as fixed cost or variable cost
k.
To classify: The cost of Traffic violation ticket as fixed cost or variable cost
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Managerial Accounting (5th Edition)
- Financial Accountingarrow_forwardMason (single) is a 50 percent shareholder in Angels Corporation (an S Corporation). Mason receives a $184,500 salary working full time for Angels Corporation. Angels Corporation reported $418,000 of taxable business income for the year. Before considering his business income allocation from Angels and the self-employment tax deduction (if any), Mason's adjusted gross income is $184,500 (all salary from Angels Corporation). Mason claims $59,000 in itemized deductions. Answer the following questions for Mason. c. b. Assuming the business income allocated to Mason is income from a specified service trade or business, except that Angels Corporation reported $168,000 of taxable business income for the year. What is Mason's deduction for qualified business income? Ignore the wage-based limitation when computing the deduction.arrow_forwardPlease give me true answer this financial accounting questionarrow_forward
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