this year, santhosh, a single taxpayer, estimates that his tax liability will be $95,500. last year, his total tax liability was $13,500. he estimates that his tax withholding from his employer will be $33,500. required: is santhosh required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty? by how much, if any, must santhosh increase his withholding and/or estimated tax payments for the year to avoid underpayment penalties?

Answers

Answer 1

a) Santhosh is required to increase his withholding or tax payments that are estimated.

b) He must increase his estimated tax payments by at least $62,000 to meet the minimum required payment.

a) Yes, Santhosh is required to increase his withholding or make estimated tax payments this year to avoid the underpayment penalty.

b) The underpayment penalty is generally imposed if the taxpayer has not paid at least 90% of their current year tax liability or 100% of their prior year tax liability (110% for high-income taxpayers) through withholding or estimated tax payments.

Santhosh's total tax liability for the current year is $95,500, which is significantly higher than his total tax liability of $13,500 from the prior year. Based on the prior year's tax liability of $13,500, Santhosh must pay at least $13,500 in estimated tax payments or withholding to avoid the underpayment penalty.

However, Santhosh estimates that his tax withholding for the current year will only be $33,500, which is less than the required amount of $13,500.

Therefore, Santhosh needs to increase his estimated tax payments by at least $62,000 ($95,500 - $33,500 - $13,500) to avoid the underpayment penalty.

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Related Questions

which is greater: 1 hour or 60 minutes?

Answers

Answer:

they are equal

Explanation:

60 minutes is the same as an hour

what are the factor that you need to answer your and selective attention invertors?.elaborate your answer...

links are not allowed​

Answers

yes oh okay this works great for math and debate on homework assignments last week

What is the best thing that you can do for your financial future?

Answers

Some of the best things you can do for your financial future include creating a budget, saving and investing regularly, managing debt, building an emergency fund, educating yourself about personal finance, and planning for retirement.

There are many things that you can do to improve your financial future, but some of the best things include:

Creating a budget: Having a budget in place can help you manage your money more effectively, and ensure that you are saving enough for your future goals.Saving and investing regularly: Saving and investing a portion of your income regularly can help you build wealth over time.Managing debt: Paying off high-interest debt as soon as possible and avoiding taking on more debt can help you improve your overall financial position.Building an emergency fund: Having an emergency fund can provide a financial safety net in case of unexpected expenses or loss of income.Educating yourself about personal finance: Understanding the basics of personal finance, such as how to invest, how to budget, and how to manage debt, can help you make informed decisions about your money.Planning for retirement: Planning for your retirement by starting to save early, choosing the right type of retirement account, and seeking professional advice if needed.

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What is the net change in non-cash working capital that would appear on the cash flow statement given the following: i) Increase in cash of $500 ii) Increase in accounts receivables of $800 ii) Decrease in inventories of $350 iv) Decrease in prepaid expenses of $225 v) Increase in PP&E of $950 vi) Increase in accounts payable of $400

Answers

Answer:

$175

Explanation:  

The change in non-cash working capital that would appear on the cash flow statement is calculated as:      

Increase in accounts receivable                              -$800

Decrease in inventories                                             $350

Decrease in prepaid expenses                                  $225

Increase in accounts payable                                    $400                              

                                                                                  ______                    

Change in Non-Cash Working Capital  --)                  $175

Hope my answer is helpful :)

The net change in non-cash working capital that would appear on the cash flow statement is $175.

Increase in accounts receivable                              ($800)

Add Decrease in inventories                                    $350

Add Decrease in prepaid expenses                         $225

Add Increase in accounts payable                           $400                        

Change in Non-Cash Working Capital                      $175

Inconclusion the net change in non-cash working capital that would appear on the cash flow statement is $175.

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What assumption in the food industry did Howard Moskowitz change?

Answers

Answer:

"By evolving from a one-size-fits-all approach to one that embraces customer diversity, Moskowitz was able to improve customer experiences with food products from coffee to cola to spaghetti sauce and beyond."

this is what I found online

Moskowitz was able to improve consumer experiences with culinary goods ranging from coffee to soda to spaghetti sauce and beyond by shifting from a one-size-fits-all approach to one that welcomes customer variety.

What is food industry?

The food industry is a complex, global network of various businesses that provides the majority of the world's food.

The word "food industries" refers to a wide range of manufacturing, distribution, processing, and conversion operations, preperation, transport and many other facilities.

Thus, Moskowitz was able to improve consumer experiences.

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Question 1 of 10
A business buyer purchases toner, paper, and staples from a seller of office
supplies. What form does the seller need to use to inform the buyer about the
payment owed for this purchase?
O A. An invoice
B. A receipt
C. A purchase order
D. A packing slip

Answers

Answer:

B. A receipt.

Explanation:

A receipt is normally given to the person after he or she purchased something, in case if the person wants a refund or etc he can use the receipt for evidence to be able to do so.

3-Define "Pure Risk"
and provide and
provide an example

Answers

Pure risk is a risk in which there is only a possibility of loss or no loss—there is no possibility of gain. Pure risk can be categorized as personal, property, or legal risk.

Example:

→ A car accident.

If a person damages a car in a accident, there would obviously be no gain from it. The only outcome possible of this event would result in a loss, making this example a pure risk.

Gina made a down payment on a motorcycle. What incentive did she have for making a down payment?

Group of answer choices

A tax break

A reduced time in debt

A higher loan rate

A less secure loan

Answers

Answer:

A reduced time in debt

Explanation:

Gina intends to purchase that motorbike on credit. By making a down-payment, Gina is reducing the amount she needs to borrow to buy the bike.

A reduced loan amount means that Gina will require less to repay. It also implies that the interest to be paid will reduce. Making the down-payment helps Gina stay in debt for a short period.

What is the insurance term the State of California uses for an insurer that is eligible to transact business in this state ?

Answers

Admitted is the insurance term the State of California uses for an insurer that is eligible to transact business in this state.

Insurance is protection against financial loss. It is a form of risk management used primarily to hedge the risk of potential or uncertain losses.

Companies that provide insurance are known as insurers, insurers, insurers, or underwriters. The person or entity that purchases the insurance is called the policyholder, and the person or entity covered by the policy is called the insured person. Policyholder and insured are often used synonymously but are not always synonymous as coverage may extend to additional insured persons who do not have insurance. In an insurance transaction, the policyholder accepts a guaranteed, known, and relatively small loss in the form of payment (premium) to the insurance company. This is in exchange for the insurer's promise to compensate the insured in the event of a covered loss. Losses may or may not be monetary, but must be reducible in monetary terms. In addition, it is usually something to which the insured has rights based on ownership, ownership, or preexisting relationship.

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Between 1980 and 2011, what was the correlation between household gdp and the human development index for indonesia?

Answers

The correlation between household GDP and the Human Development Index (HDI) for Indonesia between 1980 and 2011 was positive, indicating a relationship between economic prosperity and human development.

To calculate the correlation between household GDP and the HDI, we would need data on household GDP and the HDI for Indonesia during the specified time period. However, as an AI language model, I don't have access to real-time data or the ability to perform specific calculations.

The HDI is a composite index that takes into account factors such as life expectancy, education, and income. Household GDP, on the other hand, represents the total economic output attributed to households within a country. By comparing the two measures over time, we can assess the relationship between economic development and human well-being.

A positive correlation between household GDP and the HDI would indicate that as household GDP increases, the overall human development of a country tends to improve. However, it's important to note that correlation does not imply causation.

Other factors, such as government policies, social programs, and income distribution, can also influence the relationship between economic growth and human development in a country like Indonesia.

To obtain the specific correlation value, it would be necessary to analyze the available data using statistical methods.

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Which of the following nonverbal signals can you use to indicate interest and enthusiasm?

A. Fidgeting

B. Crossing your arms

C. Making eye contact

D. Sitting at a distance

Answers

C.....................

C. Making eye contact

Have a great day!

Carl’s business insurance costs $3,000 per year. Carl paid for and purchased a 12-month insurance policy on October 1, Year 1. On October 1, Year 2, Carl’s insurance increased to $3,300 per year. A building contract Carl was working on was delayed when they had to obtain additional permitting. Because cash flow was tight, Carl delayed renewing the insurance policy. Instead of making the payment due on October 1, Year 2, Carl paid 3 months of insurance in arrears on January 1, Year 3. Carl is a cash-method taxpayer and took advantage of the 12-month rule in Year 1 for prepayments. What is Carl’s insurance expense deduction for Year 2?

Answers

Answer:

Carl's Insurance Expense Deduction for Year 2

Since he took advantage of the 12-month prepayments rule, his Year 2 Insurance deduction was deducted in Year 1.

While his deduction should have been equal to

= Annual Insurance Expense/12 x 9 = $3,300/12 x 9 = $2,475

In Year 2, it is equal to $0 since he did not make any payment for Insurance.

Explanation:

Under the cash method of accounting, two rules govern how someone can deduct prepaid expenses:

1. The General Rule

2. The 12-Month Rule

1. The General Rule

Under the general rule, you cannot deduct the full amount of an advance payment covering more than 12 months. You must deduct a portion of the payment in the year to which it applies.

Example: The General Rule.

Carl is a cash method taxpayer on a calendar year.

On October 1, 2018 Carl pays $3,600 in advance for business insurance covering three years.

Coverage begins October 1, 2018.

Coverage ends September 30, 2021.

Result:

The general rule applies.

The advance payment covers more than 12 months (36 months).

A portion of the $3,600 must be deducted ratably over the three-year period.

To find the portion of the $3,600 Carl deduct each tax year:

First, divide the $3,600 by 36 (months) to find the monthly premium amount.

Then, multiply the number of months remaining in each tax year by the monthly premium

Monthly premium: $3,600 / 36 = $100 per month.

Oct. 1, 2018 - Dec. 31, 2018: 3 x $100 = $300 deduction for 2018

Jan. 1, 2019 - Dec. 31, 2019: 12 x $100 = $1,200 deduction for 2019

Jan .1, 2020 - Dec. 31, 2020: 12 x $100 = $1,200 deduction for 2020

Jan. 1, 2021 - Sep. 30, 2021: 9 x $100 = $900 deduction for 2021

The 12-Month Rule

The 12-month rule says that Carl may deduct the full amount of an advance payment in the year the payment is made if it creates rights or benefits for the taxpayer that do not extend beyond the earlier of:

12 months after the right or benefit begins, or

The end of the tax year after the tax year in which payment is made.

Example 1: The 12-Month Rule.

Carl is a cash basis taxpayer on a calendar year.

On October 1, 2018 he pays $2,000 for business insurance covering one year.

The policy begins October 1, 2018 and ends September 30, 2019.

Result:

The 12-month rule applies.

Deduct the full $2,000 in 2018

The benefit does not extend beyond 12 months after the right to receive the benefit begins - October 1, 2018.

Use the price-demand equation to find E(p), the elasticity of demand. X=f(p) = 92 - 0.5 e^p E(p) = ____

Answers

The price-demand equation \(E(p) = -0.5p / (92 - 0.5 e^p).\)

To find E(p), we need to take the derivative of f(p) with respect to p, and multiply it by p/f(p):

\(f(p) = 92 - 0.5 e^p\)

\(f'(p) = -0.5 e^p\)

\(E(p) = (p/f(p)) * f'(p) = (p / (92 - 0.5 e^p)) * (-0.5 e^p)\)

\(E(p) = -0.5p / (92 - 0.5 e^p)\)

Therefore, \(E(p) = -0.5p / (92 - 0.5 e^p).\)

The price-demand equation relates the price of a good to the quantity of that good demanded by consumers. In this case, the equation is given as \(X=f(p) = 92 - 0.5 e^p\), where X is the quantity demanded and p is the price of the good.

The elasticity of demand, denoted by E(p), is a measure of how sensitive the quantity demanded is to changes in price. It is calculated as the percentage change in quantity demanded divided by the percentage change in price, or as the ratio of the change in quantity demanded to the change in price.

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If a stock has a beta of 4, what can one infer about the expectations of that stock relative to the market?.

Answers

What happens if the beta of a stock is 1?

If a stock has a beta of 1, it will move in the same direction as the index, by about the same amount. An index fund that mirrors the S&P 500 will have a beta close to 1.

Which of the following is used as the key determinant to signal to producers what
S.
to produce and how much to produce in a free-market economic system?
A) the market curve
B) trend
C) price
D) quantity

Answers

Answer:

i guess the answer is :- trend

interview any business owner on impact of crime​

Answers

Answer:

Businesses that had been affected by crime were found to be 17 to 22 percent less likely to increase employment. Almost half the businesses said that fear of crime among their clients or customers had had a negative impact on their businesses. This figure was particularly high in townships and inner city locations.

Explanation:

I hope this helps you sorry if it doesn’t

Creating an anonymous complaint or grievance process is something
employers can implement to prevent which of the following?
O A. Layoffs
B. Harassment
C. Taxed income
D. Arguments

Answers

Answer is B.) Harassment

hope I could help goodluck

on september 1, year 1, west company borrowed $54,000 from valley bank. west agreed to pay interest annually at the rate of 9% per year. the note issued by west carried an 18-month term. west company has a calendar year-end. what is the amount of interest expense that will be reported on west's income statement for year 1?

Answers

The amount of interest expense that will be reported on west's income statement for year 1 is $1619.838.

What is an expense for interest?

The expense of interest is related to the price of borrowing money. The fee incurred by a business for borrowed cash is known as an interest expenditure. Interest expense can be the cost of borrowing money from banks, bondholders, and other sources on the income statement.

Given:

The interest expenses will be charged for 4 month (September 1 to December 31)

Interest expenses = $54,000 × 9% × 4/12

Interest expenses = $54,000 × 0.09 × 0.3333

Interest expenses = $1619.838

So, the amount of interest expense that will be reported on West's income statement for Year 1 is $1619.838

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Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications is one of the best examples of which innovation characteristic

Answers

Answer: Thinking laterally

Explanation:

Lateral thinking simply refers to an indirect way of solving problems. It typically involves a new and creative way of doing something.

This can be seen in Nokia's dramatic operational change and demonstration of organizational adaptability in transforming their business from wood pulp and logging to communications.

Lateral thinking is a new and innovative wa of doing something that's quite different from how others do it. This usually gives an organization a competitive advantage over its rivals.

Under what conditions should a sponsor approve a project change, and when is it okay for the project manager to authorize a change? a. Sponsor approval is needed if a change requires additional funding; a project manager is generally authorized to make most other decisions b. Sponsor approval is needed only if the project manager is not available c. Sponsor approval is always needed d. Sponsor approval is needed if a change requires a change to the project charter; a project manager is generally authorized to make most other decisions

Answers

Answer:

never

Explanation:

A business is defined as an organization or enterprising entity engaged in commercial, industrial, or professional activities. ... The term "business" also refers to the organized efforts and activities of individuals to produce and sell goods and services for profit.

how can you say that office is an information centre?​

Answers

Answer:

hope this helps

Explanation:

An office is an information center which provides information relating to business transactions. Such information is very useful. It is used by management for the purpose of planning, organizing, staffing, directing and controlling.Information Center: The office serves as an information centre. It collects information from sources like invoices, letters, memos, agreements, vouchers etc., and protects them in safe mode on the basis of their importance for future reference.It is used by management for the purpose of planning, organizing, staffing, directing and controlling. Office not only keeps record of information but also plays the role of reliable channel of communicating the information. It is required for smooth functioning of the organization.

Answer:

Explanation:

I think information centre is designed specifically for storing, processing, and retrieving information for dissemination at regular intervals. if the office is doing so then you can say that it is information centre.

at the end of 2019, companies from one country collectively owned $18 billion in assets in the neighboring country. the $18 billion represents the __________ of fdi.

Answers

The $18 billion is the value of FDI stock (Foreign Direct Investment).

What are some examples of horizontal and vertical FDI?

A company establishes the same kind of business operation in a foreign nation as it does in its own using a horizontal FDI. One illustration would be a U.S.-based cell phone company purchasing a Chinese chain of phone shops. A company purchases a complementary company in another nation through vertical FDI.

What are FDIs directed inside and outward?

The value of resident investors' equity in and net loans to businesses in other countries make up the outward FDI stock. The inward FDI stock consists of the market value of foreign investors' equity stakes in and net loans to locally based companies.

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Jacques designs and produces blankets. The selling price for each blanket is $25. Jacques spends $7.50 on the wool and thread to produce each blanket. For each blanket that Jacques produces, he pays himself $10.


What is the added value for Jacques’ blankets?

please help

Answers

Answer:

$7.50

Explanation:

Added value is the increase in value arising from the production process. It is between the price of the finished good or services and the cost of inputs.

For Jacques's blankets, the cost of inputs will be labor plus materials.

=$7.50 + $10 = $17.50

The selling price is $25.

Added value

= $25- $17.50

=$7.50

Describe five features of economic resources​

Answers

Answer:

5 Features of economic resources

Features of economic resources include:

Scarcity. They are found in small quantities compared to the many uses into which they have to be put and hence not sufficient to satisfy all human wants.

Monetary Value. ...

Uneven distribution. ...

Combinability. ...

Usefulness. ...

Transferability.

Explanation:

Private: Easily excluded and subtractive. Common pool: Difficult to excluded and subtractive. Toll: Easily excluded and jointly consumption. Public: Difficult to exclude and jointly consumed.

5. QUESTION 5: PRESENTATION AND DATA RESPONSE
5.1. Read the scenario below and answer the questions that follow.

CHARLIES COMMUNICATIONS (CC)
Charlie, the owner of the business was invited to present his business's five year plan to various stakeholders. Charlie considered the time frame for his presentation and prepared a rough draft of the presentation. He also prepared slides and used legible font size to enable his audience to see his presentation. He also used key words instead of full sentences. Charlie spoke with energy and enthusiasm. He addressed the questions and not the person who asked the question.

5.1.1. Quote factors that Charlie considered before, during and after his presentation. (3)​

Answers

The factors that Charlies considered before the presentation are;

the presentation's goalthe topic, the audience, the venue or location, the time of day, and the duration of the speech.

What factors did Charlies consider during the presentation?

The factors that Charlies considered during the presentation are;

his comportmentFeedback from the audiencereceptivity of this presentationhis tone;his engagement etc.

What factors did Charlie consider after the presentation?

The key factor that Charlie considered after the presentation whether or not the presentation was well received and if the audience got the message.

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The prosecutor replies that the Bill of Rights does not protect you from state actions. Is the prosecutor correct? Why or why not

Answers

Answer:

I would say no, because the bill of rights refers to ALL Americans. I might be wrong tho.

a firm that enters foreign markets by exporting goods to another country is at the ________ level of global participation.

Answers

A firm that enters foreign markets by exporting goods to another country is at the lowest level of global participation, known as the export level.

At this level, the firm does not have a direct presence in the foreign market and simply exports its products from its home country to customers in the foreign market.

Exporting can be a relatively low-risk way for firms to enter foreign markets, as it allows them to test the waters without making significant investments in infrastructure or personnel. However, it also limits the firm's ability to respond quickly to local market conditions and can result in higher transportation costs and longer lead times.

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if the coupon interest rate remains constant from the time of issue until the bond matures, then the bond is called a bond. a. corporate b. face-value c. coupon d. fixed-rate

Answers

The correct answer is (d) fixed-rate. A fixed-rate bond is a bond that has a fixed interest rate that remains constant throughout the life of the bond.

The interest rate on a fixed-rate bond is typically set at the time of issuance and does not change, regardless of changes in market interest rates. As a result, the coupon interest rate (the interest rate paid on the bond) remains constant from the time of issue until the bond matures. A fixed-rate bond is a type of debt security that offers a fixed interest rate (also known as the coupon rate) that remains constant throughout the life of the bond. The coupon rate is typically determined at the time of issuance and is based on the prevailing market interest rates at that time.

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What if this website was a dating and show yourself and butt app/website?

Answers

it’s not but that would be weird considering a lot of people on here are minors

Model only A store sells two types of toys, A and B. The store owner pays $8 and $14 for each one unit of toy A and B respectively. One unit of toys A sells for $10 while a unit of toys B sells for $1 less than twice as much as toys A. The store owner estimates that no more than 2000 toys will be sold every month and he does not plan to invest more than $20,000 in inventory of these toys. Also, toys B sell at least twice as fast as toys A. How many units of each type of toys should be stocked in order to maximize his monthly total profit?

Answers

1000 units of each type of toys should be stocked in order to maximize his monthly total profit.

To maximize the monthly total profit, the store owner should stock 1000 units of toy A and 1000 units of toy B.

Let's break down the problem to find the optimal stocking strategy. The store owner pays $8 for each unit of toy A and $14 for each unit of toy B. Toy A sells for $10 per unit, while toy B sells for $1 less than twice the price of toy A, which is $2 * $10 - $1 = $19 per unit.

Considering that toy B sells at least twice as fast as toy A, we can assume that the store owner should stock an equal number of units of each toy. Let's denote this number as 'x'. So, the total cost of stocking 'x' units of toy A would be $8 * x, and the total cost of stocking 'x' units of toy B would be $14 * x.

We also know that the total cost of stocking both types of toys should not exceed $20,000. Thus, we can set up the following equation:

8x + 14x ≤ 20,000.

Simplifying the equation, we get:

22x ≤ 20,000.

Dividing both sides by 22, we find:

x ≤ 909.09.

Since the store owner estimates that no more than 2000 toys will be sold every month, we choose the maximum value for 'x' as 1000 (half of 2000).

Therefore, the optimal stocking strategy is to stock 1000 units of toy A and 1000 units of toy B, resulting in the maximum monthly total profit.

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And even though the font wasn't final and theillustrations weren't included, I felt like I had finally become areal author.What does the phrase slush pile mean in the passage?A collection of submissions that a publisher did notrequestB stack of documents set aside specifically for aninternC group of submissions that a publisher deemedinferiorD Batch of submissions that a publisher has rejected you work as a system administrator for a large organization. some employees report to you that their system crashed and is unable to boot. although you have recovered their systems, you want to take proactive measures to plan the recovery of the systems before any further failure occurs. which of the following preparations can you take to meet your goal? How Brucella establishes infection within a hostArrange the following statements in chronological order:1) Infected macrophages can then traffic the bacteria to the lymph nodes and other sites within the body.2) The Brucella organism invades the GI tract by migrating through M cells.3) The Brucella organism is phagocytized by macrophages of the mucosa-associated lymphoid tissue.4) Once internalized, the organism survives within the phogolysosomes and establishes an intracellular existence.5) The Brucella organism enters the host through exposure of the skin and mucosa or by ingestion. Which of the following cultures is credited with developing the base ten decimal system, which is based on the concept of place value?Hindu-Arabicmolembuddha when paying simple interest, you are paying interest on____. question 12 options: a. only the principal amount invested b. on interest c. interest accrued at the beginning of the period d. only reinvested interest Prove that if (x,y)=1, then (x+y, xy) = 1. - aki +6) Prove that if (a,b)=1, then (a+by a-ab+b Good A has 5 substitutes, Good B has 10 substitutes, good C has 15 substitutes, and Good D has 20 substitutes. Other things being equal, the good with the greatest price elasticity of demand is: Good A. Good B. Good C. Good D. Are the Stars?"ingmprehension6. What shift, if any, does the author makebetween paragraph 5 and paragraph 6?eA. The author transitions from describing aproblem's causes to describing its effects.B. The author transitions from describing aproblem to outlining a solution.C. The author transitions from describingdifferences to describing similarities.D. The author continues to give furtherevidence of the severity of a problem. a resistor and a capacitor are connected in series to an ideal battery of constant terminal voltage. at the moment contact is made with the battery, the voltage across the resistor is select one: a. less than the battery's terminal voltage, but greater than zero. b. zero. c. greater than the battery's terminal voltage. d. equal to the battery's terminal voltage.