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vodka [1.7K]
3 years ago
15

Clark claimed the standard deduction in the previous tax year. In the current year, he received a state income tax refund of $90

0, plus interest of $10, from the withholding of his previous year's state income taxes. In addition, Clark received a $1,000 income tax refund from the IRS. How much income must Clark include in his current-year federal tax return as a result of these refunds and interests?
Business
1 answer:
Lady bird [3.3K]3 years ago
3 0

Answer:

2000 i think

Explanation:

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Industries that produce A. durable goods are more affected by recessions than is the economy as a whole. B. goods that are expec
tatuchka [14]

Answer:

A. durable goods are more affected by recessions than is the economy as a whole

Explanation:

The industries produce those types of goods that are durable also it could highly impacted whenever the recessions come in the market if we compared with the overall economy

Here durable goods means the goods that can be consumed for the longer time like cars, home appliances, etc

Therefore the above statement should be true

hence, the correct option is a.

6 0
3 years ago
The writing requirement under the Statute of Frauds means that an agreement must simply be evidenced by some type of writing, wr
Misha Larkins [42]

Answer:

It is True. the option (a) is correct

Explanation:

Solution

Given that:

The statue of fraud can be refereed to as the requirements for specific kind of contract that should be in writing and signed by the parties involved with sufficient evidence. the main idea is to stop fraud and other types of injury.

The vital aspect of statute of frauds include  the following:

  • It applies to particular types of contract and they are six classification It include contracts for  an interest for the sale of land, contracts that need to be performed in more than a year, contracts about someone else's debt presumed by other, contract in which marriage is a deliberation, contracts for good sold value more than $500 and promises by executors or administrators.
  • The motive of the contract is that it formalize the concurrence between the parties so that it can be thought seriously.
  • The statute of frauds avert fraudulent conduct of one party to another.

6 0
3 years ago
A brokerage account in which purchases can only be made if sufficient funds are available is called a(n) _____ account. 1. cash
Troyanec [42]

Answer:

1. cash

Explanation:

A cash account is one in which investor must pay the full amount of securities that were purchased. When using this type of account investor is not allowed to borrow from his broker so he must have sufficient funds available before purchasing securities.

Margin account in the other hand can lend money to the investor in case his balance is insufficient. The securities in the investor's portfolio will serve as collateral for the loan collected.

For example if an investor sells stock the money should be available after 3 days. In cash account investor has to wait for the full 3 days before withdrawal is made, while for margin account withdrawal can be made immediately by borrowing finds from the broker.

6 0
3 years ago
Read 2 more answers
Joanna would like to direct users to specific pages on her website directly from her text ads, in addition to her ad's final URL
Katen [24]

Answer:

The correct answer is (B) Ad extensions.

Explanation:

Ad extensions are an important part of text ads because they provide additional information, facilitate user interaction with your business and can improve the quality level by increasing clickthrough rate (CTR). And the latter is because, by making the ad much more attractive to the user, the clickthrough rate increases.

3 0
3 years ago
If employees pay the same percent of their income to the government no matter how much they make, this is known as?
blondinia [14]

If employees pay the same percent of their income to the government no matter how much they make, this is known as "flat taxation." Flat taxation is mainly applied when a person would like too know the corporate income. Corporate income is the amount of money a business would have to pay. It's like taxes to a person but to a business all prime business member's would have to pay it or their business would be shut down. Taxes work like this: the more a person makes in a year, the more that person would have to pay back. The increase of income a person make would have to pay it back and then the taxes would go to the government and then the government would use that money for roads, public schools, police and fire stations, all daily services.

Hope this helps!

4 0
4 years ago
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