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Alexxx [7]
3 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]3 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

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Instead of only meeting the goals of upper management, Malcolm also could have tried to meet the goals of his team members. This
Usimov [2.4K]

Answer:

servant leadership

Explanation:

Definition:

A servant leader focuses primarily on the growth and well being of people and communities to which they belong. The leader shares power, puts the needs of others first and helps people develop to their fullest potential.

How Malcolm could have demonstrated servant leadership:

  1. Focus on serving employees’ needs .
  2. Develop employees to unleash potential in them .
  3. Coach and encourage others to participate in organizational activities .
  4. Create enabling work environment  for personal  growth and maximum participation by all.
  5. Move away from self –serving, domineering leadership to respect, value and motivate subordinates .

5 0
3 years ago
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An example of business-to-business sales is selling ________.
uysha [10]

Answer:

a) grocery items to grocery stores

Explanation:

Business -to -business (B2B) sales occur between different companies unlike Business to Consumer (B2C) sales that are between a company and a individual customers.  To answer this question, you identify an option that shows that a wholesaler sells goods to a retailer who then sells to a customer which is supply of grocery items to grocery stores.

'Automobile insurance to a pet shop owner' and 'evening gowns to Oscar award nominees' are B2C. And 'a washing machine to a theatre company' is irrelevant

5 0
3 years ago
Exsplain gross premium
Neporo4naja [7]

The gross premium is the total premium paid by the policy owner, and generally consists of the net premium plus the expense of operation minus interest

3 0
3 years ago
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Suppose Kim is willing to pay $5 for her first ice cream sundae, $4 for a second ice cream sundae, and $2 for a third ice cream
Hatshy [7]

Answer:

5

Explanation:

5?? okay I'm not sure here but if shes getting all 3 for 2 dollars a piece then she only spent $6 dollars. 5+4+2 is 11. 11-6 is 5

7 0
3 years ago
Gelb Company currently manufactures 43,000 units per year of a key component for its manufacturing process. Variable costs are $
Mashutka [201]

Answer:

It is cheaper to buy the component. At this level of production by $40,750.

Explanation:

Giving the following information:

Production= 43,000 units

Variable costs are $2.95 per unit

Avoidable Fixed costs= $73,000 per year

Unavoidable fixed costs= $77,500 per year.

The company is considering buying this component from a supplier for $3.70 per unit.

We need to calculate the cost of producing and buying and choose the best option.

Production:

Total cost= 43,000*2.95 + 73,000= $199,850

Buy:

Total cost= 43,000*3.7= $159,100

It is cheaper to buy the component. At this level of production by $40,750.

8 0
3 years ago
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