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4 years ago

Why might someone choose to use itemized deductions instead of taking the standard deduction offered by the irs?

1 answer:

7 0

If you have a lot of deductions compared to a typical W2 tax payer you may itemize instead of standard deduct. An accountant can help determine which is best to file. In most cases, those who itemize have a mortgage, extra medical expenses that exceed a percentage of your adjusted gross income, W9 (contractor/work from home positions), have paid large interest and/or have donation a lot throughout the year.

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The point where marginal cost curve crosses the ____________ and ___________ curve is where the profit maximizing quantity deman

Hoochie [10]

Answer:

This question is incomplete, the options are missing and the word "and" between the gaps is wrong and should not be there.

The options are the following:

a) Marginal revenue

b) Average revenue

c) Variable cost

d) Fixed cost

And the correct answer is the option A: Marginal revenue.

Explanation:

To begin with, in the microeconomics theory the marginal analysis is very well known for being one of the reasons why the price is determined in the markets under the laws of economic sciences. Moreover, this marginal analysis focus on the interaction between all the curves that represents the costs and revenues that are related to the consumer of a good or service in a particular market. In the graphic, the point where the marginal cost curve equals the marginal revenue curve is where the profit maximizing quantity demanded and the price are the same and therefore those are the equilibrium numbers.

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3 years ago

What criteria cannot be used to create a custom segment?.

labwork [276]

Answer:

When a report is based on data from a large number of sessions you may see the following notice at the top of the report This report is based on sessions.You can adjust the sampling.

Explanation:

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2 years ago

Please click this. You. Hey. You. I need to talk to you.

guapka [62]

Answer:

Apple

Explanation:

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3 years ago

Important elements of an internal control system for cash disbursements include each of the following except:

DIA [1.3K]

Answer:

d.The same person that prepares the check should also record it in the proper journal.

Explanation:

Internal control is essential so that any frauds shall not take place. Also that the primary condition is that all the work shall be segregated in different stages, to different people so that there is a check on the quality of work done by the each person.

Thus, when a check is to be issued then the same shall be recorded by some different person, so that the person recording can verify is the check amount and party accurate and not fraud.

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3 years ago

2. A couple would like to take a cruise to Alaska, 15 months from now. They have $1500 in a savings account. The savings account

ivann1987 [24]

Answer:

a.- $ 3,529.82

b.- $ 3,512.11

c.- $ 132,77

Explanation:

In each case, we must calculate the value of their current savings and the additional investment.

The saving are the same for each scenario so let's calculate that first:

$Principal \: (1+ r)^{time} = Amount$

Principal 1,500.00

time 15 years

rate 0.01000

$1500 \: (1+ 0.01)^{15} = Amount$

Amount 1,741.45

Then we add the funds generated from the investment:

a.- 110 annuity due for 15 month:

$C \times \frac{(1+r)^{-time} -1}{rate}(1+r) = FV\\$

C $ 110

time 15 months

rate 0.01

$110 \times \frac{(1+0.01)^{15} -1 }{0.01} = FV\\$

FV $1,788.3651

We add the savings and get a total of: $ 3,529.82

b.- 110 ordinary annuity

$C \times \frac{(1+r)^{time} -1}{rate} = FV\\$

C $ 110

time 15 months

rate 0.01

$110 \times \frac{(1+0.01)^{15} -1}{0.01} = FV\\$

FV $1,770.6585

Plus, original savings of 1,741.45 = 3,512.11

c.-

If they need 3,900 then the fund must cover the difference between these and the savings future value:

3,900 - 1,741.45 = 2,158.55

Now we calculate the PMT, considering the payment are at the beginning:

$FV \div \frac{(1+r)^{time} -1 }{rate}(1+r) = C\\$

FV $ 2,158.55

time 15

rate 0.01

$2158.55 \div \frac{(1+0.01)^{15} -1}{0.01} (1+0.01) = C\\$

C $ 132.770

3 0

4 years ago

Why might someone choose to use itemized deductions instead of taking the standard deduction offered by the​ irs?

Why might someone choose to use itemized deductions instead of taking the standard deduction offered by the irs?