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QveST [7]
3 years ago
14

In each of the following independent cases, indicate the amount (1) deductible for AGI, (2) deductible from AGI, and (3) deducti

ble neither for nor from AGI before considering income limitations or the standard deduction. (Leave no answer blank. Enter zero if applicable.) Ted paid $90 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned.
Business
1 answer:
OLEGan [10]3 years ago
4 0

Answer: kindly check your questions, I don't think it's complete.

For the first independent case as you have given in the question. Here is the answer below:

1) Ted paid $90 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned-------

Answer

Deductible for AGI $0

Deductible from AGI $90

Not deductible $0

Deduction from AGI (investment expense )

------For the remaining independent cases as you omitted in the question will be seen below with answers

2.Tyler paid $177 for minor repairs to the fence at a rental house he owned

Answer: Deductible for AGI $177

Deductible from AGI $0

Not deductible $0

-Deduction for AGI

And Rental expense.

3)Timmy paid $585 for health insurance premiums this year (not through an exchange). Timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.

. Answer---

Deductible for AGI $0

Deductible from AGI $585

Not deductible $0

The health insurance premium is from AGI,

Health itemized deduction which is also subjected to an AGI floor limitation.

4)Tess paid $2,090 of state income taxes on her consulting income. (W-2)

Answer---Deductible for AGI $0

Deductible from AGI $2,090

Not deductible $0

--The state income taxes are deductible from AGI which is an itemized deduction.

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Answer: The answer is SITUATIONAL ANALYSIS

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3 0
3 years ago
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Golden Corporation uses direct labor-hours in its predetermined overhead rate. At the beginning of the year, the estimated direc
Agata [3.3K]

Answer:

b.$487,900.

Explanation:

Underapplied overhead occurs when the actual amount of manufacturing overhead incurred is higher than expected.

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Estimated manufacturing overhead at the beginning of the year =  $511,440 - $23,540 = $487,900.

7 0
3 years ago
During 2016, the Beach Restaurant had sales revenues and food costs of $800,000 and $600,000, respectively. During 2017, Beach p
valentinak56 [21]

Answer:

It is $60,000 (C)

Explanation:

As at 2016 :

Operating Profits =$800,000- $600,000

                            =$200,000.

At at 2017

Operating Profit = (800,000+100,000) -(600,000+40,000)

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Increase in Operating Profit = $260,000- $200,000.

                                                =$60,000

This represents increase of [ (60,000/200,000)*100% ]  30%

                     

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3 years ago
William Parks, a special agent of the U.S. Customs Service, was investigating allegations that Bet-Air, Inc. (a seller of spare
grandymaker [24]

Answer:

The appellate court did not rule in favor of Hall.  Instead, it upheld the lower court's rulings.  When Hall appealed up to the Supreme Court, the highest court affirmed Hall's conviction and sentencing.

This shows that there was no violation of the Fourth Amendment in Hall's case.  In addition, the prosecution established the existence of probable cause in the absence of a valid warrant to search and obtain evidence that would establish the case against Terrence Hall, leading to his eventual conviction.

Explanation:

Although, the Fourth Amendment of the US Constitution protects an individual from unreasonable searches and seizures by the government, it does not guarantee against all searches and seizures.  It only guarantees against searches and seizures that are regarded as legally unreasonable.  This implies that there may be probable cause for searches and seizures.

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Flauer [41]

Answer:

1.  a

2.C

3.b

4.a

7 0
3 years ago
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