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Contact [7]
3 years ago
11

Mort is employed as brick layer. on the weekends, he also does some landscaping for several businesses and received five forms 1

099-misc with amounts in box 7. he uses his van in his landscaping business to pick up supplies at various garden shops. his written record of his mileage shows that he drove the van 910 miles for this purpose. he used the van 25% for business in 2015 (910 business miles divided by 3,640 total miles). in 2015, mort paid $400 of interest on the van loan and he paid personal property tax of $200. how much of mort's loan interest and personal property tax can he deduct on his schedule c?
Business
1 answer:
Bingel [31]3 years ago
4 0
<span>The answer is "$100 of interest and $50 of the personal property tax".

</span><span>Mort paid $400 of interest on the van loan
and he paid personal property tax of $200
Now,
Interest = 25% of $400 
=25/100 x 400 = 0.25 x 400 
Interest =$100

personal property tax = 25% of $200
=25/100 x 200 = 0.25 x 200
</span>personal property tax = $50<span>

</span>
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Huang Aerospace Corporation manufactures aviation control panels in two departments, Fabrication and Assembly. In the Fabricatio
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Answer:

b. $1,500

Explanation:

The computation of the total amount of manufacturing overhead is shown below:

= Assembly department + Fabrication department

where,

Assembly department equals to

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Fabrication department would be

= $12 × 25 direct labor hour

= $300

So, the total manufacturing overhead would be

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3 years ago
You have a opportunity to be hired into a exciting new career. Explain what types of clothing you would wear to the interview an
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I would wear something simple not to flashy like some black pants with a button up top and a blazer I think that is very professional. I would use my communication skills by using eye contact not interrupting and asking questions if I don’t understand something. Also I would try my best to answer the questions they ask to the best of my ability and use a good speaking voice and good grammar. Hope this helps!!

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3 years ago
Financial planning involves building wealth in a short period of time<br> True<br> False
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Explanation:

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3 years ago
Sentoria is an island nation in the Pacific Ocean. Its geographical location is advantageous since it has access to a variety of
wolverine [178]

Answer:

B) Theory of national competitive advantage

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3 years ago
A simple optimal portfolio problem is the cash matching problem.
liraira [26]

Answer:

The units of the 5-year zero coupon bond that should be purchased in the optimal portfolio is:

= 6 units

Explanation:

a) Data and Calculations:

Spot rates = 5% annually

Yield of a 1-year zero coupon bond = 5%

Yield of a 2-year zero coupon bond = 5%

Yield of a 3-year zero coupon bond = 5%

Yield of a 4-year zero coupon bond = 5%

Yield of a 5-year zero coupon bond = 5%

Yield of a 6-year up to a 10-year zero coupon bond = 5%

Future Monetary Obligations:

YEAR                  1         2         3         4          5         6        7      8      9     10

OBLIGATION 100    200    300     400     500    600    700 800 900 1000

PV factor      1.05 1.1025 1.1576 1.2155 1.2763 etc.

Present value of a 5-year zero coupon bond = $78.35 ($100/1.2763)

Number of units of the 5-year zero coupon bond that should be purchased in the optimal portfolio = 6.382 ($500/$78.35)

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2 years ago
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