Answer:
Correct option is A.
<u>Interest on a loan for a 90-foot yacht (a qualified residence) with a kitchen, 3 baths and 5 bedrooms</u>
Explanation:
Assesses are permitted a conclusion for unmistakable intrigue paid or collected during the expense year. Sum and sort of derivation is reliant intentionally for which cash is obtained. Enthusiasm on credit for lease, business and eminence exercises is deducted for balanced gross pay. Enthusiasm on credit if there should be an occurrence of individual utilise like speculation intrigue, qualified home intrigue, contract intrigue prepayment punishments, intrigue identified with aloof action. Enthusiasm on credit used for buying resources producing charge excluded salary isn't deductible.
Following interest is not deductible as an itemised deduction:
1. Credit investigation fees
2. Service charges
3. Premium on convertible bonds
4. Interest paid to carry single premium life insurance
Arvrage cost is the total cost divided by the number of units.
Answer:
Why should financial education be taught in schools?
Financial literacy classes teach students the basics of money management: budgeting, saving, debt, investing, giving and more. That knowledge lays a foundation for students to build strong money habits early on and avoid many of the mistakes that lead to lifelong money struggles
Should financial literacy be taught in schools essay?
it empowers you with basic knowledge of investment options, financial markets, capital budgeting, etc. Understanding your money mitigates the danger of facing a fraud-like situation. ... Basic knowledge of financial literacy will help people with foreseeing the risks and argue/justify with anyone learned and well-informed
Answer:
100%
Explanation:
Let the normal retail price of the sweater be 'SP' and the cost price be 'CP'
Therefore,
The selling price = SP - 40% of SP = SP - 0.4SP = 0.6SP
Now,
the profit = 20% of CP = 0.2CP
also,
Profit = Selling Price - Actual price
or
0.2CP = 0.6SP - CP
or
1.2CP = 0.6SP
Or
CP = 0.5SP
or
SP = 2CP
thus,
Increase percentage in sweater marked up from wholesale at its normal retail price
= 
or
= 
= 100%