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3 years ago

Total itemized deductions must be ____ to reduce your tax liability.

1 answer:

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Total itemized deductions must be “greater than the standard deduction” in order to reduce the tax liability.

Itemized deductions are the personal expenditures which can be deducted from the adjusted gross income (AGI) when the taxable income is determined.

Standard deduction is a blanket deduction which depends on the tax-payer’s age, filing status and other factors. It is taken by a taxpayer whose itemized deductions are comparatively small.

To avoid the itemizing deductions, an individual can chose to take the standard deduction, which is a flat amount.

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Orange juice and cranberry juice are substitute goods. An increase in the price of orange juice results in a(n)______________. a

dmitriy555 [2]

Answer:

Letter d is correct. Increase in the demand for cranberry juice.

Explanation:

Substitute products are those that can be replaced by other products that are not similar but and which meet the same needs as customers may have greater benefits or a lower price offer.

This concept is presented by Porter as a model of competition analysis that influences business strategy, called Porter's 5 forces that, in addition to other variables, analyzed substitute goods and how they contribute to market division.

Therefore, in this question, when the price of orange juice increases, the demand for cranberry juice increases as it is a substitute product

8 0

3 years ago

Priscilla decides to order a delivery from the local sandwich shop. Her order comes to $12. 74 and there is a $2. 30 delivery ch

DochEvi [55]

Debit is the amount of the money paid or owed, it can either raise the asset amount or can reduce the equity balances. It can also be referred to as the amount spent as an expense from the account.

$ 16.95 is the total debit amount.

<h3>How to calculate Priscilla's debit?</h3>

Given,

Price of the order = $12.74
Delivery charge = $2. 30

Step 1: The 15% of the total price of the order excluding delivery will be:

$\begin{aligned}15\% &= \dfrac{\rm X}{\$12.74} \times 100\\
\\
\rm X &= \dfrac{\$12.74 \times 15}{100}\\
\\
& = \$1.91\end{aligned}$

Step 2: Add the total price of the order, delivery charge and tip.

$\$12.74 + \$ 2.30 + \$ 1.91 = \$16.95$

Therefore, option c. $ 16.95 is the expected debit from her account.

Learn more about debit here:

brainly.com/question/3591182

4 0

2 years ago

______________, a vast network of linked computers, had its origins in the late 1960s, when scientists at the United States Depa

ivann1987 [24]

Answer:

The internet.

Explanation:

The internet refers to a vast, global system of interconnected computer networks.

There's a standard framework for the transmission of informations on the internet, it is known as the internet protocol suite or Transmission Control Protocol and Internet Protocol (TCP/IP) model. One of the very basic rule of the TCP/IP protocol for the transmission of information is that, informations are subdivided or broken down at the transport layer, into small chunks called packets rather than as a whole.

Hence, the standard Internet communications protocols which allow digital computers to transfer (prepare and forward) data over long distances is the TCP/IP suite.

Additionally, WWW simply means World Wide Web. The World Wide Web was invented by Sir Tim Berners-Lee in 1990 while working with the European Council for Nuclear Research (CERN); Web 2.0 evolved in 1999. Basically, WWW refers to a collection of web pages that are located on a huge network of interconnected computers (the Internet). Also, users from all over the world can access the world wide web by using an internet connection and a web browser such as Chrome, Firefox, Safari, Opera, etc.

5 0

3 years ago

Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with

seropon [69]

Answer:

The options that are true regarding dividends include:

A stock dividend increases the number of outstanding shares.
A stock dividend commonly indicates management's confidence that the company is doing well.

Explanation:

A stock dividend is a payment to shareholders that is made in shares rather than in cash.

Once investors receive stock dividends, the number of their shares will increase. this validates the first statement

Secondly, stock dividends have a tax advantage for the investor. The share dividend, like any stock share, is not taxed until the investor sells it unless the company offers the option of taking the dividend as cash or in stock.

The stock dividend has the advantage of rewarding shareholders without reducing the company's cash balance thereby indicating management's confidence in the company is well-being.

3 0

4 years ago

Read 2 more answers

Help! Will give brainliest;)

poizon [28]

False that just don’t make since lol

6 0

3 years ago

Read 2 more answers