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QveST [7]
3 years ago
5

if you have $60,000 and spend $6,500 dollars on medical expenses are you eligible for tax deduction? and how much A) No she is n

ot B) Yes; entire tax deduction on the medical expenses C) yes; a tac deduction on any amount spent 10% above her AGI D) no; her medical bill is 20 % of her AGI
Business
1 answer:
Veseljchak [2.6K]3 years ago
3 0
The answer is C You may deduct down to 10 percent of you AGL
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why is currency held by the u.s. treasury, the federal reserve banks, commercial banks, and thrift institutions excluded from m1
Andrew [12]

The u.s. treasury, the federal reserve banks, commercial banks, and thrift institutions excluded According to the question, the "federal reserve system" is the organisation in charge of controlling the nation's money supply.

The central banking system of the United States of America is said to have a variety of duties to carry out. The main duties include keeping an eye on financial institutions, controlling the amount of money in the economy, acting as the government of the United States' fiscal agent, etc. As a result, its main goal is to ensure the financial and monetary systems are secure, flexible, and stable.A commercial bank purchases a Treasury bond from the Federal Reserve for $100,000. the amount of money available could rise by $100,000.The Federal Reserve buys and sells government assets to control interest rates and the availability of money. This activity is classified as open market activities.

To know more about U.S treasury visit:

brainly.com/question/29485988

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8 0
2 years ago
While using a metal detector at the beach during spring break, Toni uncovered some rare coins with a current fair market value o
Liono4ka [1.6K]

Answer:

Toni must report the whole fair market value as his income

Explanation:

According to the tax laws you must report the whole FMV as your income

4 0
3 years ago
A report that lists accounts and their balances, in which the total debit balances should equal the total credit balances, is ca
Dovator [93]

Answer:

The correct answer is: Trial balance.

Explanation:

A Trial Balance is a worksheet listing all of an entity's ledger accounts debit and credit balances. According to accounting theory, the sum of all debits should equal all credits. Because the trial balance is a list of all accounts, it serves as a verification of accuracy.

7 0
4 years ago
In most societies, resources are allocated by
Maksim231197 [3]
In most societies, resources are allocated by the combined action of millions of households and firms.
Resources are very important to setup and build societies. Resources are scare and this is the reason why societies and households faces many decisions. How societies manage scare resources, we study this in economics.
7 0
3 years ago
Cash flows from investing activities LO P3 Equipment with a book value of $65,300 and an original cost of $133,000 was sold at a
bekas [8.4K]

Answer:

$221,100

Explanation:

Given that,

Book value of equipment = $65,300

Sold at a loss = $14,000

Purchase of a new truck = $89,000

Sale of land = $198,000

Sale of Long term investment = $60,800

Cash flows from investing activities:

= Sale of Equipment - Purchase of a new truck + Sale of land + Sale of Long term investment

= ($65,300 - $14,000) - $89,000 + $198,000 + $60,800

= $51,300 - $89,000 + $198,000 + $60,800

= $221,100

8 0
3 years ago
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