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andrew11 [14]
3 years ago
10

Martha and Lew are married taxpayers with $400 of foreign tax withholding from dividends in a mutual fund. They have enough fore

ign income from the mutual fund to claim the full $400 as a foreign tax credit. Their tax bracket is 24 percent and they itemize deductions. Should they claim the foreign tax credit or a deduction for foreign taxes on their Schedule A?
Business
1 answer:
DedPeter [7]3 years ago
5 0

Answer: they should claim a deduction for foreign taxes on their Schedule A?

Explanation: An itemized deduction is an expenditure on eligible products, services, or contributions that can be subtracted from adjusted gross income (AGI) to reduce your tax bill.

Most taxpayers have the option to either itemize deductions or claim the standard deduction that applies to their filing status.

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Work hours are unlimited for which of these as it pertains to child labor laws?
meriva

Answer: D

Explanation: Im not sure if im correct but i believe its D

3 0
3 years ago
The ability to meet short-term obligations and to efficiently generate revenues is called:________.
Dafna1 [17]

The ability to meet short-term obligations and efficiently generate revenues is called Liquidity.

Liquidity is the ease or speed with which money can be raised to meet short-term financial responsibilities such as paying bills. Stocks and bonds, as well as other easily tradable assets, are regarded as liquid assets.  

A company's liquidity can be determined by how well it can meet its short-term obligations, particularly those that are due in less than a year. What the business owes in comparison to what it owns is typically represented as a ratio or percentage. You can gain insight into the company's financial situation by using these metrics.

The liquidity status of a business is primarily affected by two factors. The first factor is its capacity to transform assets into cash to cover its present liabilities (short-term liquidity). Its debt-carrying capability is the second.

To learn more about Liquidity refer to:

brainly.com/question/13646882

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5 0
1 year ago
Scientists assign each kind of organism a universally accepted name in the system known as:.
Viefleur [7K]

Answer:

Binomial nomenclature.

Explanation:

What is Binomial nomenclature?

a system for giving each organism a two-word latin name that consists of the genus name followed by the specifies name taxonomy.

4 0
2 years ago
Read 2 more answers
What is a major difference between the world trade organization (wto) and the world bank?
Murrr4er [49]

The World Trade Organization (WTO) is the global international organization that deals with trade rules between different nations. The World Bank handles all financial assitance with developing countries around the world. Though they both help different nations, one handles the trade between nations and the other handles financial monetary assets.

8 0
3 years ago
Read 2 more answers
A local finance company quotes an interest rate of 17 percent on one-year loans. So, if you borrow $34,000, the interest for the
Serga [27]

Answer:

Company quotes an interest rate 17 percent on one-year loans.

Explanation:

Borrow value=$34000

interest rate of company in one year=17 percent

Total interest in a year =$34000×\frac{17}{100}

total interest=$5780

Total payment in one year=$34000+$5780

Total payment=$39780

You will pay $39780/12 or $3315.00/month according to company statement.

6 0
3 years ago
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