Answer:
1.53 Million
Explanation:
The reason is that the Environment Protection Agency is a qualified organization and donations made to qualified organization are allowable expense under the US tax rules, so the gross income will include a net amount which is the actual amount left for Hal Gore and which is $1.53 million ($2.1 m - 0.57).
Answer:
Mortgage interest of $7,875 and property taxes of $1,850.
Explanation:
A tax deduction can be defined as the total amount of money that one can deduct to lower their tax liability. More tax deductions always implies a reduced tax liability. In dealing with mortgage payments, tax deductions should be considered carefully to determine how much one tax one needs to pay. The following mortgage expenses are considered for deductions;
1. Mortgage interest
A mortgage interest deduction is a deduction that allows homeowners to subtract the interest on the loan they used to pay for the purchase, improvements or building of a home. In our case, Hilda and Hyatt are liable to a deduction of $7,875.
2. Property tax
In general, state and local property taxes are eligible to be deducted from the federal income taxes of a property owner. The only taxes that are deductible are state, local and foreign taxes levied for public welfare. They do not include services like home renovation and trash collection. The federal tax as of 2018 for property tax was capped at a total of $10,000. This means that any property tax value below $10,000 was eligible to a property tax deduction of that amount.
Answer: Option C
Explanation: In simple words, product focused process refers to the processes that focuses on producing the batch of similar products. These processes are usually used to manufacture products like paper rolls and light bulbs.
Under this process large units are produced of a similar product. Such processes require high fixed cost and low variable cost.
From the above we can conclude that the correct option is C.
Considering the available options, the coverage that makes the most sense to eliminate is the "<u>Collision</u><u> coverage, because their car is quite old and the </u><u>deductible</u><u> is relatively high."</u>
<h3>What is Insurance Premium?</h3>
The insurance premium is the money by an individual or company to insure some specific properties. Insurance premium usually covers healthcare, auto, home, and life insurance.
However, one of the ways to reduce the mount paid on insurance premiums is to <em><u>reduce coverage on older cars.</u></em>
It is believed that if the car is worth less than 10 times the premium, paying for the coverage is not cost-effective.
Hence, in this case, it is concluded that the correct answer is option A. <u>"</u><u>Collision</u><u> coverage because their car is quite old and the </u><u>deductible</u><u> is relatively </u><u>high</u><u>."</u>
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Learn more about Insurance premiums here: brainly.com/question/24441770
When you are trying to reduce debt it is easier to cut out things that aren't necessary.
You need shelter so you can't cut out rent. Utilities will be hard to cut down since it is used a lot. School shouldn't be cut down either, because that is important for you future job which may help you reduce debt in the future
Dining out is the easiest to cut out/cut down first. Many people dine out because they don't have the time to cook or because they don't want to. If you really want to reduce debt then you can make the time to cook or find the motivation to. This will greatly reduce that big chunk of your money going to dining out, since cooking your own food is a lot cheaper.
Hope this helped!
~Just a girl in love with Shawn Mendes
