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
Snezhnost [94]
1 year ago
13

Taxpayers have a choice of deducting the standard deduction or their itemized deductions. therefore, blank______ agi deductions

are considered to be beneficial to more taxpayers because:
Business
1 answer:
KonstantinChe [14]1 year ago
8 0

Itemized deductions are thought to benefit more taxpayers because they can be claimed if the total is higher than the standard deduction.

You can deduct what you paid in real estate taxes, personal property taxes, state and local income or sales taxes, mortgage interest, and disaster losses when you itemize your deductions. You can also count charitable contributions and a portion of the money you spent for health and dental care.

If you itemize your taxes, do you get a bigger refund?

The standard deduction may be exceeded by itemized deductions. The more you may deduct, the less tax you'll owe, which is why some people itemize their deductions because the sum of their itemized deductions exceeds the basic deduction. There are numerous deductions that could be made.

To know more about  itemized deductions

brainly.com/question/3598381

#SPJ4

You might be interested in
Emery mining inc. recently reported $170,000 of sales, $75,500 of operating costs other than depreciation, and $10,200 of deprec
jonny [76]
<span>Net Income After Tax = Net Income Before Tax - Tax Net Income Before Tax = 170,000-75,500-10,200+(16,500*0.0725)=85,496.25 Tax = 0.35*Net Income Before Tax=0.35*85,496.25= 29,923.69 Net Income After Tax = 85,496.25- 29,923.69 = 55,572.56</span>
5 0
3 years ago
Describing a former job as a positive experience will reflect badly upon you.<br> t/f
muminat
False. If you say that you have had a positive work experience, it will seem as though you are skilled in that field.
7 0
3 years ago
Read 2 more answers
Compute the annual dollar changes and percent changes for each of the following accounts. (Round percent change to one decimal p
elixir [45]

Answer and Explanation:

The computation of annual dollar changes and percent changes for each of the following accounts is shown below:-

Particulars       2015         2014       Changes in dollar    Percent change

                           a             b               c = (a - b)                   d = c ÷ b

Short term    

investments $380,168   $239,377    $140,790                    58.82%

Accounts  

receivable  $102,276    $105,903      -$3,627                     -3.42%

Notes

payable        0                $93,973      -$93,973                    -100%

4 0
3 years ago
Barbara Smith is an employee of Allied Manufacturing Company. She has an 8-hr workday and each day is paid $0.60 for each unit p
MariettaO [177]

Answer:

$309

Explanation:

The computation of the gross earning for the week is as follows:

Given that

Payment of $7.15 × 8 = $57.2  or payment of  each unit produced whichever is greater

On monday

= 90 units × $0.60

=  $54

But the greater is $57.2

On tuesday

= 114 units × $0.60

=  $68.4

On Wednesday

= 82 units × $0.60

= $49.20

But the greater is $57.2

On thursday

= 112 units × $0.60

= $67.20

On friday

= 98 units × $0.60

= $58.80

Now the earnings for the last week is

= $57.20 + $68.4 + $57.20 + $67.20 + $58.80

= $308.80

= $309

8 0
2 years ago
An investor owned a 100-acre parcel that contained several natural asphalt lakes. A construction company was erecting highways f
Leona [35]

Answer: Yes

Explanation:

The construction company is entitled to compensation because it has a property right to enter and remove minerals.

The investor gave the construction company the right to use the properties on the land, if anything would be done on the land, the construction company should be compensated because they bought the right to do business there. Since the owner granted them the sole right, they are entitled to the resources.

7 0
3 years ago
Other questions:
  • On January 1, Year 1, Stratton Company borrowed $100,000 on a 10-year, 7% installment note payable. The terms of the note requir
    10·1 answer
  • Michele had been working as an executive assistant to the president for nearly 25 years, so when she retired, no one had a good
    15·1 answer
  • Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of cumulative 7%, $100 par preferred stock o
    5·1 answer
  • 5. Consider the following semiannual bonds: Bond C%(per year) Maturity(years) A 0% 15 B 0% 9 C 5% 15 D 11% 9 a. What is the perc
    7·1 answer
  • Assume that a context switch takes T time. Suggest an upper bound (in terms of T) for holding a spinlock. If the spinlock is hel
    10·1 answer
  • Assume that a company currently depreciates its fixed assets over 7 years. Which of the following would occur if a tax law chang
    5·1 answer
  • Assume that the MPC is .80. If the Federal Reserve decreases the money supply, interest rates rise, and investment spending fall
    9·1 answer
  • Ben set up an elaborate scheme to mine gold in the Rockies. He had a large town meeting and sold stock in his company for only $
    10·1 answer
  • W, Inc. plans to have the same inventories at year end as was in the beginning of the year. The expected total fixed costs for t
    8·1 answer
  • Item13 Time Remaining 45 minutes 57 seconds00:45:57 Item 13 Time Remaining 45 minutes 57 seconds00:45:57 The world's largest man
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!