The correct answer is Choice C.
Beginning Jan. 1, 2019, all taxpayers may deduct only the amount of the total unreimbursed allowable medical care expenses for the year that exceeds 10% of their adjusted gross income.
Answer:
The appropriate solution is:
(a) $3150
(b) $4200
Explanation:
According to the question,
(a)
The exchange loss will be:
=
=
= ($)
(b)
The exchange loss will be:
=
=
= ($)
Answer:
A speculative risk is uncertain degree of gain or loss. Every speculative risk are made as conscious choices and are not just a result of uncontrollable circumstances.
Explanation:
It's basically a conscious choice you made!