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OLga [1]
3 years ago
10

Juanita knits blankets as a hobby and sells them. In the current year, she earns $5,000 from her blanket sales and incurs expens

es of $600. Juanita does not itemize deductions. On her tax return, she shouldA) report $5,000 of hobby income and deduct $500 of hobby expenses from AGI.B) report $5,000 of hobby income and deduct $400 of hobby expenses for AGI.C) report $5,000 of hobby income and deduct nothing from AGI since Juanita does not itemize deductions.D) report no hobby income and no hobby deductions.
Business
1 answer:
nirvana33 [79]3 years ago
6 0

Answer:

C) report $5,000 of hobby income and deduct nothing from AGI since Juanita does not itemize deductions.

Explanation:

After the passage of the Tax Cuts and Jobs Act (HR 1, “TCJA”) from the period 2018 to 2025 the hobbies deduction is no longer valid.

Thus Juanita cannot declare any deduction. As hobbies aren't businesses. They aim for fun and entertainment not profit is not entitled to the tax deduction businesses are.

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If real GDP per capita measured in 2009 dollars was​ $6,000 in 1950 and​ $48,000 in​ 2018, we would say that in​ 2018, the avera
julia-pushkina [17]

Answer:

8

Explanation:

Gross domestic product is the market of all the goods and services produced and rendered during a specific period of time. GDP can be expressed in real value or nominal value .Real GDP does not include the inflation effect but the nominal GDP included the inflation effect on the value of product and services.

According to given data in the question

Real GDP per capita in 1950 = $6,000

Real GDP per capita in 2009 = $48,000

Increase in time = Real GDP per capita in 2009 / Real GDP per capita in 1950 = $48,000 / $6,000 = 8 times

7 0
3 years ago
In cultures that are high in uncertainty avoidance,————-
lukranit [14]

Culture is known to be the way of life of people in a particular place. In cultures that are high in uncertainty avoidance is one where orderliness, consistency, and structure are important.

  • Uncertainty avoidance is simply known as the way cultures socialize its people or members to feel in uncertain, novel, surprising, or in surprise situations.

People who have high uncertainty avoidance cultures often capitalizes on strict orderliness and consistency in behavior.

Conclusively, The ability to approach cross-cultural work relationships with a learner mind-set is known to be an attribute of high cultural intelligence.

Learn more about Culture from

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6 0
2 years ago
An example of a product that would be sold through niche marketing is
elixir [45]

a toothpaste with a whitening agent and cavity fighting protection

3 0
3 years ago
Suppose that the current value of all of a mutual fund's holdings is determined to be $750 million. The fund's liabilities are $
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Answer: B) $13.89 per share

Explanation:

In order to find the net asset value or NAV of a mutual fund we have to know the liabilities and assets that fund has as of the date that we want to calculate the NAV. Then we will subtract its total liabilities from its total assets. Then we will divide that number by the number of shares to find the net asset value.

Total assets = 750 million

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3 years ago
Inflation is a decrease in the average price level in the economy.
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This is false. When inflation happens, prices go up in the economy.
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