Asset ownership has which of the defining effects?

Absolute poverty:

Multiple production department factory overhead rates are most useful when production departments significantly differ in their manufacturing processes.

When a single plantwide factory overhead rate is used, the amount of overhead costs allocated to the different products is the same regardless of the direct labor hours used to produce them.

Ava, describe a piece of art that you grew up with and how/why it provokes. Aim for at least 1 full page. You can reference any sources you’ve read or watched in class, but you do not need to quote as you will not be able to access the transcripts or Essay 1 packet.

A single plantwide factory overhead rate is computed by dividing total budgeted factory overhead by the total budgeted plantwide allocation base.

James has been employed with United Global for several years. He has provided you with the following items related to his employment. Identify whether the items are taxable, non-taxable, a deduction, or not applicable when calculating employment income. 

Indicate which of the following benefits provided by an employer is NOT required to be included in employment income.

 Justin has the following income and losses  Employment income 30,000  Employment Insurance (EI) benefts received   6,000  Business loss (from restaurant)     (10,000) Property loss (rental)     (5,000) Property loss (interest expense of $1,000 accrued on funds borrowed to acquire shares). No dividends were paid on the shares during the year  (1,000) Taxable capital gains     20,000  Allowable capital losses     (25,000) Subdivision e deductions (deductible spousal support paid)     (10,000) Calculate Justin’s Net Income for the taxation year using the ITA 3 Net Income format (3(a), 3(b), 3(c), 3(d)). Show all calculations and subtotals for full marks. 

Once you open the test you have 50 minutes to complete it. (Most people take around 15-20 minutes.) As usual, you may take the test up to THREE times. If you complete the test more than once the highest score is the one that counts. Good luck!