1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
kati45 [8]
2 years ago
12

Your client, beth, has a home in california with a first and second mortgage. she's looking for a vacation home and has asked if

she can deduct mortgage interest. what could you tell beth?
Business
1 answer:
slega [8]2 years ago
4 0

If my client Beth has a home in California with a first and second mortgage and is looking for a vacation home and asks if she can deduct mortgage interest, I would suggest obtaining a mortgage secured by the second home and deducting the interest from the loan.

Mortgage interest settled on a second home used personally is deductible as long as the mortgage fulfills the exact prerequisites for deductible interest as on your primary home, and if the second home is put on for rent, the loan taken for the second home will not have a limit for the deduction of interest payment.

Vacation Home with Second house mortgage

brainly.com/question/28240585

#SPJ4

You might be interested in
Difference between a parttime and fulltime job
forsale [732]
Depending on the company you work for, the line between part-time and full-time employment can be different. Most companies will require full-timeemployees to work somewherebetween 32 and 40 hours per week. This number is important, because it tells you how many hours you're guaranteed on a weekly basis
6 0
3 years ago
Rex, a cash basis calendar year taxpayer, runs a bingo operation which is illegal under state law. During 2016, a bill designate
vaieri [72.5K]

Answer:

A. $127,000

Explanation:

Rex is only allowed to deduct operating expenses related to game and in the act rest of the expense like Payoff money to state and local police, Newspaper ads supporting H.R. 9, Political contributions to legislators who support H.R. 9 are not allowable

5 0
4 years ago
Situation: C’est Wot is a Quebecois-British fusion restaurant specializing in jellied eel poutine. To encourage customers to bri
Andreas93 [3]

C’est Wot is a Quebecois-British fusion restaurant specializing in jellied eel poutine. To encourage customers to bring their friends, C’est Wot gives first-time visitors buy-one-get-one meal vouchers for their next visit. This is an example of: adding force.

<h3>What is an adding force in business?</h3>

This is the term that is used to describe the way that a company is able to get consumers that would get to purchase and consume their products. It is a strategy that is used to facilitate increased consumer base.

The way this is seen here is that the business had to create a system that would bring them more people. To do this they had to create a way for people to come in pairs.

The first time visitors are given a voucher that would enable them to get free meals when they visit.

Read more on business strategy here:

brainly.com/question/25640993

#SPJ1

3 0
2 years ago
Unemployment benefits are
Nina [5.8K]
Reduced by an amount that is equal to an individual's income from other sources
6 0
3 years ago
The goals of most labor unions in the 1930s was the right to organize, in the 1970s to increase worker pay and benefits, in the
jasenka [17]

One can conclude based on these goals that changes in the social and economic environment determine the goals of labor in a given period.

<h3>What are labor unions?</h3>

These are those unions that are created to see that the conditions of employees are good in a nation.

They are responsible for speaking on behalf of employees in terms of work conditions and pay.

Read more on labor unions here:brainly.com/question/881501

6 0
3 years ago
Other questions:
  • Griffin corp. is evaluating its piquette division, an investment center. the division has a $60,000 controllable margin and $400
    10·1 answer
  • The management of Lanzilotta Corporation is considering a project that would require an investment of $280,000 and would last fo
    14·1 answer
  • A postsecondary school that does not have a set of admission requirements such as a minimum GPA or test scores is called a(n):
    10·1 answer
  • The two main characteristics of a public good are
    7·1 answer
  • Kevin’s Bacon Company Inc. has earnings of $7 million with 2,500,000 shares outstanding before a public distribution. Eight hund
    11·1 answer
  • Suppose the utility function for a firm manager is U = π + bQ, where Q is output, π is profit, and b is a positive constant. How
    12·1 answer
  • Computing and other electrical equipment used in areas where water can accumulate must be uniquely grounded, using __________ eq
    11·1 answer
  • A financial account that allows you to withdraw and deposit money using a check, debit card or ATM card is a _______ account.
    14·1 answer
  • Classify the customer buying motive as rational or emotional.
    10·2 answers
  • What particular business conditions and/or strategy might make telling or not telling the more advantageous option?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!