subject
Business, 08.04.2020 05:03 zsmart909

G Ned (a single taxpayer) paid $10,000 of medical expenses in 2018. His AGI in 2018 was $40,000. His other itemized deductions in 2018 (charitable contributions) were $9,000. Ned is reimbursed $8,000 for these medical expenses in 2019. What amount of the $8,000 refund is taxable in 2019

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 21:50
You have $22,000 to invest in a stock portfolio. your choices are stock x with an expected return of 11 percent and stock y with an expected return of 13 percent. if your goal is to create a portfolio with an expected return of 11.74 percent, how much money will you invest in stock x? in stock y?
Answers: 2
question
Business, 22.06.2019 09:50
The returns on the common stock of maynard cosmetic specialties are quite cyclical. in a boom economy, the stock is expected to return 22 percent in comparison to 9 percent in a normal economy and a negative 14 percent in a recessionary period. the probability of a recession is 35 percent while the probability of a boom is 10 percent. what is the standard deviation of the returns on this stock?
Answers: 2
question
Business, 22.06.2019 10:30
Marketing1. suppose the average price for a new disposable cell phone is $20, and the total market potential for that product is $4 million. topco, inc. has a planned market share of 10 percent. how many phones does topco have the potential to sell in this market? 20,0002. use the data from question 3 to calculate topco, inc.'s planned market share in dollars. $400,0003. atlantic car rental charges $29.95 per day to rent a mid-size automobile. pacific car rental, atlantic's main competitor, just reduced prices on all its car rentals. in response, atlantic reduced its prices by 5 percent. now how much does it cost to rent a mid-size automobile from atlantic? $28.45
Answers: 1
question
Business, 22.06.2019 11:10
Post test question number 9 for entering the job market
Answers: 1
You know the right answer?
G Ned (a single taxpayer) paid $10,000 of medical expenses in 2018. His AGI in 2018 was $40,000. His...
Questions
question
Biology, 07.12.2020 20:50
question
English, 07.12.2020 20:50
question
Mathematics, 07.12.2020 20:50
question
Social Studies, 07.12.2020 20:50
question
Mathematics, 07.12.2020 20:50
Questions on the website: 13722360