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Firlakuza [10]
3 years ago
8

Phil and Joan Crawley made the following payments during the current year: Interest on bank loan (loan proceeds used to purchase

U.S. Series EE savings bonds) $4,000 Interest on installment charge accounts 500 Interest on home mortgage for period April 1 to December 31 2,700 Points paid to obtain conventional mortgage loan on April 1 900 The Crawleys had net investment income of $3,000 for the year. What is the maximum amount that the Crawleys can deduct as interest expense in calculating itemized deductions for the current year? A. $3,600 B. $6,600 C. $7,600 D. $8,100
Business
1 answer:
lidiya [134]3 years ago
7 0

Answer:

C. $7,600

Explanation:

For itemized duduction the type of interest will be those related to:

  •    Investment interest (limited to your net investment income) and
  •    Mortgage interest including points

The interest paid to the bank which are 4,000 will be deductible until his investment income of 3,000

so 1,000 dollars will be deductible

Then we have 2,700 interest on mortgage

and 1,900 paid for mortgage points

the total will be 1,000 + 2,700 + 1,900 = 7,600

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joja [24]

Answer:

Yes, the Internet of everything (IOE) has created a lot of excitement in the business community.

Explanation:

IOT has come to revolutionalized our life in many ramifications. It is regarded as the best and fastest means of connecting to the people as well as machines around world. It effect ranging from Aviation, Education, Health Care Services, and so on. Business operation have witnessed significant improvement in the sense that things get done over the Internet easily. One buy and sell, services such as consultancy are rendered over the Internet.

Example

The example is Telecom Industry.

It effect could be seen in communication, is those days where there was no internet, mail or letter are delivered taking longer period and sometime may even get loss but with Telecommunications, introduction of e-mail come where letters is being delivered within seconds.

6 0
3 years ago
Why is using a budget beneficial?
Nataly_w [17]

Answer:

All of The Above

Explanation:

They all make sense in terms of budget

5 0
2 years ago
A futures contract on a 30 day Eurodollar time deposit is currently selling at an IMM index of 95.75 percent. The IMM index on a
kolezko [41]

Answer:

Basis risk for the future contract is 0.65%

Explanation:

Basis risk is the difference in spot price and future price of an hedged asset. It is the difference between the price price of an hedged asset and price of the asset serving as the hedge.

Basis risk = Futures price of contract − Spot price of hedged asset

Basis Risk = Future IMM index - Spot IMM index

Basis risk = 95.75% - 95.10%

Basis risk = 0.65%

5 0
3 years ago
A stadium sells 1,000 tickets at $10 and 2,000 tickets at $5. What is the average ticket price for the event?
Len [333]
Average = \frac{10 + 5}{2}
=\frac{15}{2}
=$7.5
8 0
3 years ago
One of the great benefits of trade is
Tanzania [10]

I believe the answer is: B.That it makes it possible for society to become better off by increasing both its production and its consumption.

Without trades, in order to fulfill all needs of the people, a country need to separate their time and resources to produce each of the needed products. With trades, a country could increase the production of the products in which they have a natural advantage at, and trade the products with other countries in case we need different product that we do not produce here.

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