Business, 13.03.2020 21:37 devaughnnorthcu8221
Daniel, age 38, is single and has the following income and expenses in 2019: Salary income $171,000 Net rent income 16,500 Dividend income 500 Payment of alimony (divorce finalized in March 2019) 8,000 Mortgage interest on residence 8,300 Property tax on residence 3,000 Contribution to traditional IRA (assume the amount is fully deductible) 3,600 Contribution to United Church 2,300 Loss on the sale of real estate (held for investment) 450 Medical expenses 6,000 State income tax 2,400 6,200 Federal income tax Daniel's standard deduction for 2019 is $12,200. a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible". Payment of alimony Mortgage interest on residence Property tax on residence Contribution to traditional IRA (assume the amount is fully deductible) Contribution to United Church Previous Check My Work Submit Assignment Save and Exit Email Instructor 6,000 State income tax 2,400 Federal income tax 6,200 Daniel's standard deduction for 2019 is $12,200. a. Classify the following expenses as either "Deductible for AGI", "Deductible from AGI", or "Not deductible Payment of alimony Mortgage interest on residence Property tax on residence Contribution to traditional IRA (assume the amount is fully deductible) Contribution to United Church Loss on the sale of real estate (held for investment) Medical expenses State income tax Federal income tax What is Daniel's gross income and his AGI? Gross income: $ AGI: he would benefit from b. Should Daniel itemize his deductions from AGI or take the standard deduction? Because Daniel's total itemized deductions (after any limitations) are $ Next Previous
Answers: 2
Another question on Business
Business, 21.06.2019 20:30
If temper company, a manufacturer of mattresses, was considering moving its production facilities to china but decided against it because the additional costs of shipping the mattresses back to the u.s. would offset the cost savings associated with moving the production facilities, the increased costs associated with shipping would be an example ofanswers: learning-curve economies.diseconomies of scale.economies of scale.competitive advantages.
Answers: 2
Business, 21.06.2019 23:00
Ajustification for job training programs is that they improve worker productivity. suppose that you are asked to evaluate whether more job training makes workers more productive. however, rather than having data on individual workers, you have access to data on manufacturing firms in ohio. in particu- lar, for each firm, you have information on hours of job training per worker (training) and number of nondefective items produced per worker hour (output). (i) carefully state the ceteris paribus thought experiment underlying this policy question. (ii) does it seem likely that a firm’s decision to train its workers will be independent of worker characteristics? what are some of those measurable and unmeasurable worker characteristics? (iii) name a factor other than worker characteristics that can affect worker productivity. (iv) if you find a positive correlation between output and training, would you have convincingly established that job training makes workers more productive? explain.
Answers: 2
Business, 22.06.2019 19:00
The east asiatic company (eac), a danish company with subsidiaries throughout asia, has been funding its bangkok subsidiary primarily with u.s. dollar debt because of the cost and availability of dollar capital as opposed to thai baht-denominated (b) debt. the treasurer of eac-thailand is considering a 1-year bank loan for $247,000.the current spot rate is b32.03 /$, and the dollar-based interest is 6.78% for the 1-year period. 1-year loans are 12.04% in baht.a. assuming expected inflation rates of 4.3 % and 1.24% in thailand and the united states, respectively, for the coming year, according to purchase power parity, what would the effective cost of funds be in thai baht terms? b. if eac's foreign exchange advisers believe strongly that the thai government wants to push the value of the baht down against the dollar by5% over the coming year (to promote its export competitiveness in dollar markets), what might the effective cost of funds end up being in baht terms? c. if eac could borrow thai baht at 13% per annum, would this be cheaper than either part (a) or part (b) above?
Answers: 2
Business, 23.06.2019 12:00
Prepare a 250-500-word response to mrs. turner's questions about predicting final scores, statistical significance, and whether a store location should be closed based on the data provided. explain your approach and the rationale for this method. evaluate the outcomes of your regression model and the responses to mrs. turner's questions.
Answers: 3
You know the right answer?
Daniel, age 38, is single and has the following income and expenses in 2019: Salary income $171,000...
Questions
History, 19.12.2019 21:31
History, 19.12.2019 21:31
