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tamaranim1 [39]
3 years ago
13

Gordon is over 65. how does that affect his tax return?

Business
1 answer:
Anarel [89]3 years ago
7 0
Gordon is over 65, his age "increases his standard deduction", according to the IRS, people over 65 years of age are included in the deductions program, both for those who are single or married, only the amount varies a little, depending on their marital status, in the first case the amount to deduct is $ 1250 and the second is $ 1550.
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B Company switched from the sum-of-the-years-digits depreciation method to straight-line depreciation in 2018. The change affect
azamat

Answer:

$9120

Explanation:

Using sum of years digit,

5+4+3+2+1=15

5/15*(72000-3600)=22800 for first year

4/15*68400 = 18240 for second year

Total depreciation before change of accounting policy = 22800+18240=41040

Net value of asset at start of 2018 = 68400-41040= 27360

Straight line depreciation for 2018 = 27360/3 = 9120

4 0
3 years ago
If a country's saving rate increases, then in the long run a. productivity and real GDP per person are both higher. b. productiv
labwork [276]

Answer:

A) productivity and real GDP per person are both higher.

Explanation:

In the long run, an increase in savings will increase total investment. If total investment increases, then the productive capacity (productivity) and the aggregate supply should also increase. An increase in investment is the best way to guarantee a sustainable increase in aggregate demand without increasing the inflation rate.

When productivity increases, the real GDP per capita also increases.

3 0
3 years ago
using pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the marke
OleMash [197]

Using penetration pricing, a company initially charges a low price, both to discourage competition and to grab a sizeable share of the market.

In order to attract customers, the penetration pricing approach entails launching a new good or service at a cheap price. Gaining market share and aggressively attracting clients through low costs are the objectives. In a pricing strategy known as penetration pricing, a product's price is first set very low to quickly reach a large portion of the market and spread word of mouth. The tactic relies on the notion that consumers will transfer to the new brand as a result of the price reduction.

When companies launch a low price for a brand-new good or service, this is known as penetration pricing. Competitors are compelled to match the offer or immediately implement alternative techniques since the first price undercuts it. Customers of rivals could switch to the less expensive product.

Learn more about penetration pricing here: brainly.com/question/3521758

#SPJ4

5 0
1 year ago
Facebook is facing a(n) ____________, a situation in which they have to decide whether to pursue a course of action that may ben
Elan Coil [88]
Facebook is facing AN ETHICAL DILEMMA. Ethical dilemma occur when a choice has to be made between two alternatives neither of which resolves the situation in an ethically acceptable manner. When faced with an ethical dilemma, relax, talked with appropriate experienced colleagues, examines the ethical principles involve closely and then make your decision. 
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4 years ago
The general rule for using the weighted average cost of capital (WACC) in capital budgeting decisions is to accept all projects
MrRissso [65]

The general rule is accepting all projects whose rates of return is greater than or equal to the WACC for a capital budgeting decisions

<h3>What is a weighted average cost of capital?</h3>

This means the rate that a firm is expected to pay on average to all its security holders to finance its assets.

Because the weighted average cost of capital represent the firm's opportunity cost, then, it is used by people to evaluate investment opportunities.

Therefore, the Option A is correct.

Read more about WACC

<em>brainly.com/question/25566972</em>

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2 years ago
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