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quester [9]
3 years ago
8

The investment interest expense deduction is limited to the taxpayer's net investment income.

Business
1 answer:
cricket20 [7]3 years ago
7 0

Answer:

The amount of interest which can be deducted in one year is limited to the net investment income of a taxpayer for that year.

Explanation:

This amount can not be exceeded. Investment income according to the IRS includes:... It does not include eligible dividends or net capital gains other than those that you want to include.

Limitations on investment interest Not all interest that you pay on investment loans are allowed to be deducted. For particular, the IRS forbids registration of certain forms of investment value, including:

1. Home mortgage interest eligible.

2. Value to raise tax-exempt revenue, as if the municipal tax-free bond is to be bought on a margin.

3. Option straddles, which are not available to most investors as an advanced investment strategy.

4.Interest in any passive operation when measuring profit or loss

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Consumers have certain rights that do NOT carry corresponding responsibilities.
galina1969 [7]

Answer:

<h2>Explanation:Consumers have certain rights that do NOT carry corresponding responsibilities....(<u><em>false is the answer)</em></u></h2>
7 0
3 years ago
The equivalent units in beginning work in process inventory plus the equivalent units in ending work in process inventory equals
vivado [14]

Answer:

False

Explanation:

The formula for equivalent units units as follows:

Opening Work in Process + Equivalent units on which the work is done - Closing Work in process = Units Transferred

Therefore, ideally,

Opening work in process - Closing work in process = Units transferred - Equivalent units on which work is done.

As adding all the cost incurred during the period to opening inventory of work in process, we get the total cost for the period, thereafter, deducting the cost allocated to closing work in process we get the value of goods produced and transferred.

<u>Therefore, above statement is false.</u>

8 0
3 years ago
A change in location with respect to a reference point is ___ <br> PLEASE HELP!!!
balandron [24]

Answer:

Motion.

Explanation:

Motion can be defined as a change in location with respect to a reference point.

This ultimately implies that, motion would occur as a result of a change in location (position) of an object with respect to a reference point or frame of reference i.e where it was standing before the effect of an external force.

Mathematically, the motion of an object is described in terms of acceleration, time, distance, speed, velocity, displacement etc.

3 0
3 years ago
Identify each CTSO from its description
Roman55 [17]

Answer:

identifico a gato población feo

Explanation:

la respuesta es pelagato

6 0
2 years ago
For each of the five situations below, suggest the opportunity (real) cost of the person’s choice. In the text box, describe the
inessss [21]
1. When Tonya chose the chicken sandwich, her opportunity cost was the burger.

2. When Jimmy chose the licorice, his opportunity cost was the jelly beans. (It's the jelly beans since the nut clusters are not included in the next alternative because of his allergies to it.)

3. When Mary chose the jacket, her opportunity cost was either the dress or the shoe, whichever was her next best alternative. (The statement does not give enough information to identify her opportunity cost. It could not be both since an opportunity cost is the next <em>best</em> alternative and not <em>all</em> alternatives.)

4. When Joe chose the Ford truck, his opportunity cost was the Chevrolet.

5. When the city council chose to build the music stage, their opportunity cost was the wading pool. (The parking lot which people would have wanted is not considered because we are talking about the City Council's opportunity cost.)
4 0
3 years ago
Read 2 more answers
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