Answer:
B) $500
Explanation:
Individual taxpayers can only deduct certain losses regarding their property, specially those that are related to their business activity (Talbot used the laptop solely for business purposes). The only other case when an individual can deduct some property loss is when they suffer a theft or an incident like a fire, tornado, flood, etc.
In this case, Talbot paid $1,500 for the laptop and sold it at $1,000, therefore he can deduct a loss of $500 from his gross income.
Answer:
1. people can be prevented from using it.
Explanation:
A good is excludable if the supplier of that good can prevent people that haven't paid from consuming it.
Answer:
The FROM AGI deductions for year 2019 are $24,400.
Explanation:
FROM AGI deduction for a year are the maximum of the following two items
- itemized deductions
- standardized deductions
Here itemized deduction is given as $22,550 where as value of standardized deduction is $24,400 (for 2019)
Thus as the maximum of two is valid thus the FROM AGI deductions for year 2019 are $24,400.
Answer:
The answer is C) a mutual mistake
Explanation:
A mutual mistake occurs when the parties to a contract are both mistaken about the same material. Marquez and Dale, both thought that the truck would be big enough to do the job.
Answer: Paper Forms
Reason: Process of Elimination and Educated Guess (Also, I just learned this)
