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kherson [118]
3 years ago
12

Bill has a mortgage loan on his personal residence. he decides to pay 18 months of interest in advance on october 1, 2016. the t

otal advanced interest payment is $36,000. how much of the advance interest payment can he deduct in 2016?
a. $36,000
b. $6,000
c. $24,000
d. mortgage interest is not deductible.
e. if a taxpayer makes an advance payment, he may not deduct any interest.
Business
1 answer:
VARVARA [1.3K]3 years ago
3 0
<span>In theory, Bill can deduct $36000 from his 2016 taxes. However, there are often caps on deductions, so there is really not enough information.</span>
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Answer:

$583

Explanation:

Under the FIFO method, we considered the first unit first comes out

The computation of the cost of units sold for 26 units is shown below:

The 26 units are taken from

11 units at $17 each, 11 units at $28 each and the remaining 4 units i.e 26 units - 22 units taken at $22 each

So,

= 11 units × $17 + 11 units × $28 + 4 units × $22

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2 years ago
In February 2017 the risk-free rate was 4.97 percent, the market risk premium was 7 percent, and the beta for Twitter stock was
Gnesinka [82]

Answer:

14.77%

Explanation:

In this question, we apply the Capital Asset Pricing Model (CAPM) formula which is shown below

Expected rate of return = Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 4.97% + 1.40 × 7%

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The (Market rate of return - Risk-free rate of return)  is also called market risk premium and the same is shown in the answer

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3 years ago
Innov Inc. manufactures electronics and home appliances for the environment-conscious buyer. It has recently launched an online
lesantik [10]

Answer:

d. Idea development

Explanation:

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
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Jerilyn is in the early stages of an inoperable cancer. she has prepared a signed and witnessed written document directing her f
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Answer:

Living will.

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Living will can be described as a legal document in which an individual clearly states the type of treatment he or she will prefer in a situation whereby they are unable to communicate their wishes.

A living will enables an individual to make the right decision on the form of life support treatment that he or she would prefer to help aviod any form of confusion.

6 0
2 years ago
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Frank is making a fundamental attributional error when judging the cause of Anna's inability to meet sales target. Frank is blaming her failure based on her character rather than on the real reason which is the attractive sales offer of their competitors. Fundamental attributional error is an error which arises from judging a person's action based on their character without considering other possible external causes.

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