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
hichkok12 [17]
4 years ago
7

a sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

Business
1 answer:
Elza [17]4 years ago
3 0

Complete Question:

A sole proprietor with a tentative loss may deduct which of the following for qualified business use of home expenses?

a. depreciation

b. mortgage interest

c. rent

d. Utilities

Answer:

b. mortgage interest

Explanation:

The sole proprietor with a tentative loss may deduct expenses for mortgage interest, mortgage insurance premiums, and real estate taxes under the normal rules.   The sole proprietor is not allowed to deduct other expenses that are normally tax-exempt expenses, including depreciation, rent, and utilities.  The amount to be deducted for mortgage interest should not exceed the percentage for business use.

You might be interested in
The United States uses mostly free enterprise principles in our economy; but the
Snezhnost [94]

I hope this helps

Explanation:

Mixed

4 0
3 years ago
Taxpayers over 65 can only deduct expenses that are greater than 7.5% of adjusted gross income for
ElenaW [278]
The answer to this is MEDICAL and DENTAL EXPENSES. This is already a fixed law in terms of expenses deduction which would be based on the adjusted gross income. For individuals below 65 years old, they only have 10%. 65 years old is the temporary threshold and this is an exemption making it 7.5% of their AGI or the adjusted gross income. 
7 0
3 years ago
Which term describes judging an individual based on the group to which they belong?
Andre45 [30]

Answer:

D. Stereoptyping

Explanation:

8 0
3 years ago
Read 2 more answers
Back in the 1930s, the house at 102 Barbour Street was the only one in sight. Since then, however, the town has grown considerab
Leviafan [203]

Answer:

Non-conforming zoning

Explanation:

Non-conforming is a type of variability in the zoning when a piece of land may be excluded from the current zoning decrees because of changes made by a previous owner or prior to an intended use by the present zoning decrees, in accordance with local law.

3 0
3 years ago
Which performance management technique initially involves the identification of a large number of critical incidents, followed b
FrozenT [24]

Answer:

A. Behaviorally Anchored Rating Scale

Explanation:

The behaviorally anchored rating scales, called BARS for short, indicates both qualitative and quantitative data to the employees appraisal process. BARS uses behavioural movements as reference rather than using the traditional generic descriptors. It identifies critical behaviours of a large group, classify these behaviors into performance dimensions and then rank these behaviors into levels of performance.

8 0
4 years ago
Other questions:
  • Billion of Dollars
    11·1 answer
  • Why would having a lower opportunity cost for producing one item give you a comparative advantage over another?
    8·1 answer
  • A group of individuals got together and purchased all of the outstanding shares of common stock of DL Smith, Inc. What is the re
    12·1 answer
  • The "dollar days" inventory measurement results from a complex algorithm used to compute individual units of inventory and their
    14·1 answer
  • A huge open-area in which contests were held
    7·1 answer
  • In the theory of perfect competition, the assumption of easy entry into and exit from the market implies Group of answer choices
    7·1 answer
  • A student who lives on the fifth floor of Bates Hall is assigned to a new room on the eighth floor during her junior year. She h
    14·1 answer
  • Luker Corporation uses a process costing system. The company had $166,500 of beginning Finished Goods Inventory on October 1. It
    6·1 answer
  • A 10 percent increase in income leads to a 15% decrease in the quantity of macaroni and cheese demanded but no change in the pri
    14·2 answers
  • On January 1, 2020, a company purchased equipment and signed a 6 year mortgage note for $160,000 at 15%. The note will be paid i
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!