1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alexxx [7]
2 years ago
7

Peter and Shaline Johnsen moved into a home in a new subdivision. Theirs was one of the first homes in the subdivision. During t

he year, they paid $1,510 in real property taxes to the state government, $505 to the developer of the subdivision for an assessment to pay for the sidewalks, and $910 for real property taxes on land they hold as an investment. What amount of property taxes are the Johnsens allowed to deduct assuming their itemized deductions exceed the standard deduction amount before considering any property tax deductions and they pay $5,050 of state income taxes for the year and no other deductible taxes
Business
1 answer:
Afina-wow [57]2 years ago
4 0

Answer:

$2420

Explanation:

From 2018, If itemized, total annual allowable limit for State and local taxes is capped at $10,000

Although as separate allowable property tax is ( 1510 + 910) = $2420

Development cost is not a property tax amount.

Therefore, deductible property taxes amount, lessor of follow:

                                                             (10000-5050)               $ 4,950

                                                   or:                                           $ 2,420

You might be interested in
Suppose that for each one-percentage-point increase in the interest rate, the level of investment spending declines by $1 billio
elixir [45]

Answer:

We expect investment spending to increase by $ 1 billion

Explanation:

If investment decreases by $ 1 billion if a 1 % change is made then that is sensitivity of investment to change in interest rate. Thus if there is a 1 % reduction in interest rate we expect to see a $ 1 billion increase in spending if this holds true.

5 0
3 years ago
Financial Crisis
lions [1.4K]

Answer:

The correct answer to the given question is<u> “D – Short-Run Aggregate Supply Left” </u>

Explanation:

While the problem is there for offering and deriving, less asset is being completed on the budget. Thus due to the lack of capital. The investment standard growing will decrease and therefore as an outcome, short run cumulative source curve will move to the left.

7 0
3 years ago
Toward the end of the fiscal year, the owner of a small company came back from lunch concerned because he had learned that a bus
garik1379 [7]

Answer:

C) the competitive-parity method

Explanation:

Based on the scenario, it can be said that the method of promotional budgeting that the owner wants to use is known as the competitive-parity method. This method basically describes taking the total budget amount that a competitor is allocating towards marketing and spending that exact same amount for your own company's marketing.

4 0
3 years ago
Read 2 more answers
Which of the following statements regarding the manufacturing systems are incorrect? (1). For a MRP system, customer demand fore
matrenka [14]

Answer:

The Correct Options are "1" and "3"

Explanation:

  • An MRP method is employed to arrange the fabric needed for manufacture and dispatch. Its accustomed make sure that material is on the market for fabrication and merchandise are accessible for dispatch. For this designing request predictions are mandatory to stay the required material in order that product will be made on time and also the production method doesn't get halted. Therefore possibility one is correct.
  • In a pull method the material is made on request and for this simply in phase is incredibly necessary, therefore the association should be adapted to Just in time method and therefore possibility three is correct.
  • In a Kanban method stream of knowledge is vital for correct operational of offer restraint and for this each section ought to add agreement with the alternative sections and therefore the assumed possibility is false.

6 0
2 years ago
Suppose that everyone in a​ used-car example is risk​ neutral, potential car buyers value lemons at ​$750 and good used cars at
Nezavi [6.7K]

Answer:

Theta<75.60%

Explanation:

P=$750*theta+$2,800*(1-theta)

P= $750+$2,800-$2800theta

=$2,800-$2,050(Price as a function of theta)

P>$1,250

$2,800-$2,050>$1,250

Thata< $1,550÷$2,050

Theta<75.60%

6 0
3 years ago
Other questions:
  • Identify each person in the table as structurally, frictionally, or cyclically unemployed.unemployment typestructuralfrictionalc
    14·1 answer
  • Why do police officers get paid less than professional baseball players?
    14·1 answer
  • National Bank quotes the following for the British pound and the New Zealand dollar: Quoted Bid Price Quoted Ask Price Value of
    9·1 answer
  • The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The fini
    14·1 answer
  • On January 1, 2021, Red Inc. issued stock options for 200,000 shares to a division manager. The options have an estimated fair v
    13·1 answer
  • Vandel Inc. bases its selling and administrative expense budget on budgeted unit sales. The sales budget shows 5,900 units are p
    7·2 answers
  • Suppose that Dmitri, an economist from a research institute in Texas, and Frances, an economist from a public television program
    8·1 answer
  • When units produced exceed units sold, net income will generally be ______ costing. Multiple choice question. the same under bot
    10·1 answer
  • Assume that Jordan ​Enterprises's radio broadcast license is renewable at the end of each 10​-year term and management has provi
    8·1 answer
  • Felicity's company has several communal workspaces that are soundproof so employees can either enjoy quiet while they work or pl
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!