Only the portion of your total medical expenses that exceed 7.5% of your adjusted gross income may be written off. You determine the deduction amount on Schedule A(Form 1040).
What is Form 1040?For the filing of individual federal income tax returns by U.S. residents, the IRS utilizes Form 1040, also referred as the "U.S. Individual Income Tax Return." The government must pay the taxpayer's whole taxable income or refund it in accordance with the amount calculated on the form.
Unless April 15 falls on a Saturday, Sunday, or a legal holiday, individual taxpayers must file their income tax returns by Tax Day, which is typically April 15 of the following year. In that case, the returns are due on the following business day. By submitting Form 4868, you can automatically extend your deadline to submit Form 1040 until October 15.
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strikers, inc. sells soccer goals to customers over the internet. history has shown that 2% of strikers' goals will need repair under the warranty program. for the year, strikers has sold 3,600 goals and 46 have been repaired. if the estimated cost to repair a goal is $150, what would be the warranty liability at the end of the year?
The warranty liability at the end of the year would be $7000.
Flawed striker goals as a percentage equals 2%
4000 goals have been sold.
45 goals total after repairs.
$200 is the estimated cost to repair a goal.
Thus,
The percentage of goals that need to be repaired is 2%.
= 2/100*4000
= 80 goals
∴ Estimated warranty responsibility equals the quantity of objectives that need to be repaired. cost of fixing a goal, estimated
= 80 \times 200
= 16,000
goals that have already undergone repair under warranty cost of fixing a goal, estimated
= 45 \times 200
= 9,000
Hence,
Estimated warranty responsibility minus any previously used warranties equals warranty liability.
= 16000 - 9000
The Warranty Liability at the end of the year would be = 7,000.
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san mateo company had the following account balances at december 31, 2024, before recording bad debt expense for the year: accounts receivable $ 1,400,000 allowance for uncollectible accounts (credit balance) 22,000 credit sales for 2024 1,950,000 san mateo is considering the following approaches for estimating bad debts for 2024: based on 3% of credit sales based on 6% of year-end accounts receivable what amount should san mateo charge to bad debt expense at the end of 2024 under each method?
Credit sales percentage of $58500 and accounts receivable percentage of $62000
What are bad debts?When a debtor fails to pay, the creditor is forced to write off the amount as a bad debt. A charge-off occurs when a debt becomes uncollectible and appears on a creditor's books. Every business that extends credit to customers must account for the possibility of bad debt because the funds may not be returned. The percentage or the ageing method for accounts receivable (AR).
Percentage of credit sales = 3/100 × 1950000
Percentage of credit sales = 0.03 × 1950000
Percentage of credit sales = 58500
Percentage of account receivable = 6/100 × 1400000
Percentage of account receivable = 0.06 × 1400000
Percentage of account receivable = 84000
Amount chargeable to bad debt expense account = 84000-22000
Amount chargeable to bad debt expense account = 62000
Hence, 58500 under % of credit sales and 62000 under % of account receivable.
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In the video’s amortization example, the borrower makes a $711 payment, where $375 goes toward paying interest and $336 goes toward paying the principal. Should the borrower be worried that they’ll never pay off the mortgage? why or why not?.
Based on the amortization example where the borrower makes a payment that goes to paying interest and to paying the principal, the borrowed should not be worried about never paying off the mortgage because they eventually will.
How does amortization work?When a loan payment is amortized, it means that it will be paid for over a period of time. In that period of time, the person paying the loan will pay back the value of the loan over a specified period of time by paying for both the interest on the loan, and the actual loan principal.
The payment that they person will make will often be fixed and will be divided into two things. The first is the interest payment and the second would be the principal repayment.
At first, the interest payment will be more than the principal repayment because the interest is based on the unpaid balance. As the borrowed pays more and more principal on the mortgage, they will then pay less interest as the unpaid balance falls.
The unpaid balance will keep falling until the mortgage will be fully paid off.
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through its mobile whopper detour promotion, burger king offered discounted whoppers to people close to a competing mcdonald's restaurant. this is an example of which of the following?
By offering discounted products to customers through a mobile promotion close to a competitor, Burger King is utilizing hyperfocal social marketing.
What is hyperfocal social marketing?Corresponds to a marketing strategy used by companies to reach a greater number of consumers by using digital technology to direct potential consumers to their products and services, through advertisements specially developed for mobile devices, such as smartphones, to generate value by consumer.
It is also correct to say that technology has revolutionized the way people consume, narrowing the relationship between consumer and company and making it faster and more direct.
Therefore, the strategy used by burguer king can be positive and decisive so that the consumer has the chance to choose at the moment the product of which company he wants to consume.
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a firm’s _____ are what it is not good at—things that it does not have the capabilities to perform well.
Weaknesses of an organization are those things that it is not good at or that it lacks the resources to do well.
An entity, such as a business, institution, or association, that is made up of one or more people and has a specific function is known as an organization or organization (Commonwealth English; see spelling variations). Functional, departmental, and matrix are three types of organizations that characterize the organizational structures utilized by the majority of businesses today. Before selecting one of them to use for their firm, owners must weigh the benefits and drawbacks of each of these forms. a reliable source of supplies, assistance, or support that may be tapped into at any time. resources, a nation's overall wealth, or its methods of generating money. resources, typically. money or any item that can be sold for cash; assets. regularly resources.
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An electronic banking outlet that enables customers to use a card to withdraw money is called
Answer: Automated Teller Machines (ATMs)
Explanation:
An ATM, which stands for automated teller machine, is a specialized computer that makes it easy to manage the funds in a bank account. It enables users to check account balances, withdraw or deposit funds, print a statement of account activities or transactions, and even buy stamps.
An ATM, which stands for automated teller machine, is a specialized computer that makes it easy to manage the funds in a bank account. It enables users to check account balances, withdraw or deposit funds, print a statement of account activities or transactions, and even buy stamps.
the type of decision that can be made by following a definite procedure is called a(n) ________ decision.
A structured decision is the kind of choice that can be made by according to a set process.
structured decision are repetitive and predictable and adhere to a set of predetermined actions. Such issues cannot be solved by using the decision maker's judgment or company. As a result, these choices are simple and always provide the same result.
The hiring procedure in a company is a wonderful illustration of a structured decision. It's crucial to put structure around routine circumstances so that time isn't wasted on pointless choices.
Unstructured decisions are made in situations that are company uncertain and ambiguous, whereas structured judgments are made in situations that are well understood. Unstructured decisions are made for general processes, while structured decisions are made for specific processes, such as specialized manufacturing processes.
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one of the reasons employee engagement has become so popular over the years is the engagement–shareholder value chain, in which it is believed that .
It is believed that higher employee engagement drives higher customer satisfaction.
Organizations use the matrix as a tool to assess talent track workforce strength and prioritize which employees receive what type of additional education and training leadership coaching. In the context of understanding follower potential leadership potential can be defined as the ability of a follower to advance one or more levels within an organization.
Shareholder with high degrees are calm supportive tolerant understanding and open-minded with others. Engaged employees have a very positive opinion of their workplace. When employees feel connected to their team love their job, and have positive feelings about your company they will want to stay and go out of their way to help your company thrive.
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if a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics, including
While conducting country market analysis, the major economic factor which the firm will not consider is trade agreement.
While doing market analysis, companies often consider major economic factors such general economic environment that consist of several external factors which can largely impact your business, and such factors are- Interest rates, Taxes, Inflation, Currency exchange rates, Consumer discretionary income, Savings rates also the phase of recession and depression in the economies. Other factors are market size, population and real income, businesses will produce or market their products according to market size, according to income of people etc.
Businesses will rarely go for trade agreement analysis while doing market analysis, because it is of not that much importance as compared to other major factors of economic environment. Trade agreements are imposed by government in the form of taxes, tariff etc.
The complete question is here:
If a firm wants to conduct a country market analysis, it must look at major economic factors using well-established metrics. Which of the following is not a major economic factor that the firm would consider?
a) general economic environment
b) market size, population, growth rate
c) real income
d) trade agreement
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all of the following are examples of cash inflows except: a) income taxes b) asset salvage value c) operating cost reduction d) construction cost savings
All of the following are examples of cash inflows construction cost savings.
What are cash inflows?A cash flow is a physical or fictitious transfer of funds; in its most basic form, it refers to a transfer of funds, particularly from one central bank account to another.
All such actions that lead to the firm receiving money coming into the business are referred to as cash inflows. Determining the effect of cash on various sorts of cash inflows and outflows is the primary goal of the cash flow statement.
Payments from customers, investment gains, and interest on loans you have made to another firm are all examples of cash influx.
The quantity of cash entering and leaving your organisation over a specific time period is known as cash flow. Because it enables you to both meet your current financial responsibilities and make plans for the future, cash flow is crucial. However, small enterprises frequently face difficulties with cash flow.
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gwen is journalizing the purchase of securities. in doing so, she enters a debit to debt investments. what can you determine about the classification of these securities based on this information?
Debt investments that can and will be held to maturity by the business are referred to as held-to-maturity investments.
What is debt investments?Debt investment: In debt financing, a lender lends money to a company. Typically, the business owner repays the loan amount plus interest over the predetermined loan term. This kind of investment necessitates a non-revenue-related payback obligation.
Debt investments that aren't trading securities or investments held to maturity that are available for sale.
Thus, Debt investments that can and will be held to maturity.
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in which organizational model do all buyers report into the procurement function?
The center-led model does not all buyers to report to the procurement process. The correct answer is option(A).
A center-led model has a core obtainment group meeting on setting up the tactics, processes, foundation, best practices, and information sharing. This model is superior to private big organizations accompanying worldwide movements.
The procurement process contains the arrangement and refinement of a demand as well as a complete certificate and authorization of payment. Comprehensively, this can include purchase preparation, guidelines, specifications perseverance, temporary research, selection, payment, price bargaining, and stock control. Without procurement, it hopeful intolerable for related manufacturing operations to function.
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The complete question is:
In which organizational model do not all buyers report to the procurement process?
A) The center-led model
B) The centralized model
bridge builders company examined its factory overhead account at the end of the year and discovered a debit balance. what does this indicate?
The fact that bridge builders company examined its factory overhead account at the end of the year and discovered a debit balance does indicate that account overhead has been under-applied.
What is the factory overhead account?This is an account of factory overhead in Journal Entry. The factory overhead is also known as manufacturing overhead, work overhead or factory burden and means the total cost involved in operating all production facilities of a manufacturing business that cannot be traced directly to a product.
It is is normally aggregated into cost pools and allocated to units produced during the period and charged to expense when the produced units are later sold as finished goods or written off.
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mr. smith is giving back first drafts of a writing assignment, with feedback, to his students at the beginning of class. how should he ask them to use the feedback?
Mr. smith is giving back first drafts of a writing assignment, with feedback, to his students at the beginning of class. He should ask students to look at their feedback and make revisions as part of the same lesson.
Feedback happens when a system's outputs are used as inputs again as part of a cause-and-effect circuit or loop. [1] It can thus be claimed that the system feedback on itself. Simple causal inference concerning a feedback system is challenging because the first system affects the second, which affects the first, creating a drafts circular argument. Teams select players from a pool of available candidates in a drafts in turn. Once a player is chosen by a team, that team has the sole right to sign that player to a contract; no other teams in the league are permitted to do so.
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what are the names of some forms of e-commerce that involve the consumer providing a product or service? more than one answer may be correct.
Consumer-to-business is a form of e-commerce that involve the consumer providing a product or service.
A consumer is a person who purchases goods and service for personal use. Consumers play a vital role in the economic system of a country as they are the ones who drive demand and consumption.
Without consumers, businesses would not be able to sell their products and services and the economy would grind to a halt. Consumers have a lot of power in the marketplace as they can choose what to buy and where to spend their money. This power gives them the ability to influence businesses and the overall economy.
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a. dissolve the partnership. b. dissociate the partner from the firm. c. wind up the business. d. breach the partnership agreement.
Although the parties to a partnership are no longer considered partners in a legal sense when it dissolves, the partnership continues until all of the company's debts have been paid off
The business's legal existence has been terminated, and the company's remaining assets have been distributed.
Can a partner separate themselves from a partnership?
A general partnership is a group of two or more people who co-own a business for profit in California. Any accomplice in an association is allowed to separate, or leave the association, whenever.
When a partnership ends, what is it called?
The dissolution of a partnership is referred to as "partnership dissolution. "It could also refer to the end of the company's various business endeavors. A partnership can break up for a variety of reasons.
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Two employees have a conflict regarding an office policy that they disagree on. What kind of conflict is this?.
Two employees have a conflict regarding an office policy that they disagree on. The kind of conflict is content.
Conflict over content occurs when people have different opinions on how to handle a particular situation. This may be advantageous because it may encourage conversation and boost motivation.
However, in some situations (like competition in sports), moderate amounts of conflict can be perceived as mutually helpful, promoting understanding, tolerance, learning, and effectiveness. Conflict is rarely seen as constructive. The group can learn to resolve intragroup conflict in a team context, which would lead to decreasing undesirable consequences.
As good outcomes improve with increased teamwork, collaboration, and understanding among colleagues, which finally results in the control of intragroup conflict, positive outcomes will increase while reducing negative consequences.
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Which of the following statements is true of the tort of assault?
A) Physical contact is the only requirement for a tort of assault.
B) An attack is considered an assault only if the defendant was provoked to attack a plaintiff.
C) An attack is not considered an assault if the defendant was provoked to attack a plaintiff.
D) Actual physical contact between plaintiff and defendant is not necessary.
The correct statement related to tort of assault Actual physical contact between plaintiff and defendant is not necessary. Hence, the correct option is tort of assault.
According to common law, assault is the crime of deliberately acting, either with broad or specific intent, and creating a realistic belief of an impending unpleasant or harmful touch. In opposed to a tort based on negligence, assault needs intention and is thus classified as an indictable offence. It is not required to have the actual ability to carry out all the monitored contact. An act that incites hatred is punishable by this tort.
According to criminal procedure, an assault is described as a battery attempt that calls for the specific intention to harm someone physically.
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when evaluating your model, we used root mean squared error. in the context of estimating the value of houses, what does error mean for an individual homeowner? how does it affect them in terms of property taxes?
If there is a mistake in the estimated value of a home for a specific homeowner, the home may be either overvalued or undervalued.
The root mean square represents the residuals' standard deviation. Let's now examine what residuals and standard deviation are.
Typical Deviation The standard deviation is a gauge of how evenly distributed a set of numbers is. The square root of the variance serves as its formula. The average of the squared deviations from the mean is known as a variance. In the formula for standard deviation below, "xi" stands for "numbers," "" for "numbers' mean," and "N" stands for "total number of values."
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the study of the decision-making process of government is the study of a. rational expectations theory. b. public choice theory. c. social economics. d. keynesian economics.
The Public Choice Theory holds that decisions affecting the government are made by individual, self-interested public policy actors who work as civil servants or elected officials.
Thus, Option B is correct.
What does sociology's Public Choice Theory entail?The Public Choice Theory holds that decisions affecting the government are made by individual, self-interested public policy actors who work as civil servants or elected officials.
Public personnel is constantly motivated by a desire to promote societal welfare, in accordance with the public choice theory. The public choice approach always sees the bureaucracy as a critic of the public administrations and as being inefficient and unresponsive.
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percy's business is implementing a new information system. percy and his colleagues are discussing how to switch from their old system to its replacement, and percy asserts that they should avoid the riskiest approach--simply stopping the old system and starting the new one--which is called .
Answer:
Explanation:direct conversion
The simply stopping the old system and starting the new one--which is called System Migration. System migration is the process of transferring a system’s instructions and programs over to another platform or into an upgraded version.
What is a System Migration?A system migration is the process of transferring business process IT resources to a newer hardware infrastructure or a different software platform for the purpose of keeping up with current technologies and/or to gain better business value.
A system migration might involve physical migration of computing assets, like when older hardware can no longer provide the required level of performance and meet the business needs of the organization.
Sometimes only data and applications need to be migrated to a new system or platform.
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______________________ increased visibility of purchasing from the mid 70s to the mid 80s.
Scarcity/inflation increased the visibility of purchasing from the mid-70s to the mid-80s.
Visibility is a unit of measurement for the distance at which an object or light can be made out clearly. It remains constant regardless of ambient light level or time of day in meteorology since it is dependent on the transparency of the surrounding air. Depending on the nation, it is recorded within surface weather observations and METAR code in either meters or statute miles. All types of traffic, including air, sea, and land travel, are impacted by visibility. The mismatch between scarcity, finite resources and supposedly limitless wants is the most fundamental economic issue. Demand-induced, supply-induced, and structural factors are the main contributors to economic scarcity. Supply remaining constant as demand increases is referred to be demand-induced.
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Two employees have a conflict regarding an office policy that they disagree on. What kind of conflict is this?.
________ is a component of the relational data model included to specify business rules to maintain the integrity of data when they are manipulated.
The relational data model includes a component called data integrity that specifies the business rules needed to protect the accuracy of the data even when it is being altered.
Describe data.
Data is essentially a codified and structured representation of factual instructions (information), notably in the form of strings or binary digits (bits) utilised by business computer systems.
The C-I-A security trinity is what?
The acronym for confidentiality, integrity, and availability is the C-I-A security triad. The C-I-A security triangle in computer technology can be described as a cybersecurity model created to direct security policies for information security in a commercial enterprise, in order to effectively and efficiently safeguard and make their data accessible to all legitimate end users.
Given this situation, it is logical to conclude that data integrity is a crucial component of any relational data architecture.
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complete Question:
________ is a component of the relational data model included to specify business rules to maintain the integrity of data when they are manipulated.
(A) Corporate morality
Data structure (B)
Constrained by business rules (C)
(D) Data reliability
what is net pay? your gross pay plus any bonuses. the amount of pay earned for the total number of hours worked. the amount of money you're paid after all taxes and deductions are taken out of your paycheck. the amount of money you're paid before all taxes and deductions are taken out of your paycheck.
Net pay is the amount of money you're paid after all taxes and deductions are taken out of your paycheck. The correct option is C.
What is the purpose of the net pay?Before taxes and other withholdings, an employee's gross pay is what they are paid; after these deductions, their net pay is how much they really receive as their take-home pay.
After all, withholdings have been made, an employee's earnings are known as net pay. Automatic deductions are made from an employee's pay for mandatory deductions like the FICA-mandated Social Security tax and Medicare. Benefits are another type of deduction that may or may not be required.
Thus, the correct option is C.
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Rosa is selling hotdogs, begin mathsize 12px style h end style , for $4 at a fair. She spent $200 on supplies for the sale. Which equation models the profit, begin mathsize 12px style p end style , that rosa makes based on her hotdog sales?.
Given: Rose is charging $4 for hotdogs at an event. She spent $200 on sale-related products.
To Determine: Which equation best represents Rosa's profit P from selling hotdogs?
A) P=4h-200
B) P=4h
C) P=4h+200
D) P=200-4h
Solution:
$4 is the price per hotdog sold.
The cost to sell h hotdogs is $4h.
Revenue = 4 hours of money
Cost = $200
Profit = Revenue - Cost
>> P = 4h - 200
P = 4h-200 models as a result. the revenue Rosa generates from selling hotdogs
The right answer is A) P = 4h - 200.
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brenden, the department manager, feels that his employees lack the motivation to consistently meet department goals. to better understand human actions and to motivate his employees toward achievement, brenden needs to adopt the viewpoint.
If brenden, the department manager, feels that his employees lack the motivation to consistently meet department goals. to better understand human actions and to motivate his employees toward achievement, brenden needs to adopt the behavioral viewpoint.
What is behavioral viewpoint?Behavioral viewpoint can be defined as the way of examining or assessing people behavior so as to know the reason why they behave the way they do which why behavioral analyst tend to make use of this process to observe and know how people behave and the reason behind it.
Based on the given scenario the manager what to make use of behavioral viewpoint as this will enables him to understand the reason why his employees lack motivation at worker or the reason why they behave they do after observing and examining their actions.
Therefore we can conclude that the manager is making use of behavioral viewpoint to observe his employees.
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The numbers on which of these credit cards always start with the highest digit? visa mastercard discover american express.
Discover cards are credit cards whose numbers always begin with the highest digit.
What is Discover Cards?
Discover Financial, an American provider of financial services, is the corporation that issues the Discover brand of credit cards (DFS).Discover cards were first offered by retailer Sears, Roebuck & Co. in 1985. When they were first introduced to the public in 1986, they stood out for their lower fees and innovative cash-back rewards programme. Since 2007, Discover has operated independently.Today, Discover Cards rank with Visa (V), Mastercard (MA), and American Express as some of the most extensively used credit cards worldwide (AXP). The Discover brand of consumer credit cards is well-known for its fee reductions and cash-back rewards programme.Without using intermediary bank issuers, Discover Financial offers credit cards directly to its consumers, making a profit from the interest on their outstanding amounts.To know more about Discover Cards visit:
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Which of the following secondary data sources represents an ethical issue in terms of customer privacy issues? A) published sources. B) fields. C) records
Internal database secondary data sources represents an ethical issue in terms of customer privacy issues. Information that is produced by a company and relates to its operations, upkeep, staff, and finances is known as internal database.
Data sources found within the company's network are used to create internal database, which are computerised collections of customer and market data. Marketing managers may easily access and use the database's information to find marketing opportunities and issues, create campaigns, and assess performance. Internal information can offer a significant competitive edge.
A moral dilemma that needs to be resolved emerges when there are ethical issue in business.
When a particular action, scenario, or decision runs afoul of a society's moral standards, there is an ethical issue. These disputes can affect both people and organisations because any of their actions could be questioned in terms of their morality. These problems can arise in a person's connections with other people or with organisations, and they can also arise in a person's ties with other organisations.
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which two factors are usually assessed when a company is deciding how to allocate resources across its business units?
Two factors are usually assessed when a company is deciding how to allocate resources across its business units people and capital.
What is a business?Business is the act of making a living or making money by manufacturing or buying and selling products. It is also "any activity or business carried on for profit." The existence of a company name does not separate the entity from its owner. In other words, the company owner is responsible and liable for the debt incurred by the company. If the company acquires debt, the creditor can trace the owner's personal belongings. Owners are generally tax on all income from the company. Colloquially, the term is also commonly used for companies such as corporations and cooperatives. Corporations are separate legal entities, unlike sole proprietorships and partnerships, which offer limited liability to their owners/members and are subject to corporate tax rates. Public companies are more complex and costly to set up, but offer more protection and benefits to their owners/members.To learn more about business from the given link :
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