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What is the basis of domestic carriers and keepers of garagesa.Dividendsb.Commissionsc.Interestd.Gross receipts

Question

What is the basis of domestic carriers and keepers of garages?

a. Dividends
b. Commissions
c. Interest
d. Gross receipts

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Solution

To determine the basis of domestic carriers and keepers of garages, we need to analyze the options provided:

  1. Dividends: Typically refer to the distribution of a portion of a company's earnings to its shareholders and are unrelated to the operations of carriers or garage keepers.

  2. Commissions: These are fees that individuals earn for facilitating a transaction, usually seen in sales and brokerage activities, not directly applicable to carriers or garage keepers.

  3. Interest: Generally related to the earnings from lending capital or on savings, and does not directly pertain to the operational basis for carriers or garage services.

  4. Gross receipts: This term refers to the total revenue received by a business for goods sold or services provided before any deductions. It is relevant for carriers and keepers of garages as it represents their income from operations.

Final Answer

The basis of domestic carriers and keepers of garages is d. Gross receipts.

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