Answer:
qualified acquisition debt = $750,000
qualified home equity debt = $0
Explanation:
Qualified acquisition debt refers to the debt incurred to purchase or build your home. In this case, Cary and Bill are allowed to itemize the interests paid for up to $750,000 of the acquisition debt ($375,000 if filing separately). This limit was reduced due to the TCJA of 2017, and will remain in place until 2025. After 2025, the limit will return to the normal $1,000,000.
Certain amount of interests on qualified home equity loans will also return in 2025, but currently they are not deductible.
Answer:
I would us the data by
Explanation:dividing the difference in the prices of similar homes between districts by the difference in test scores between districts
Answer:
A. Yes, because the corporation would be required to pay tax on its profits, and the shareholders would also be required to pay taxes on dividends
Answer:
A corporation is to make profit
non-profit coorporation don't have any shareholders, so they serve a different function. Thier focus is on something other than making profit
My answer choice would be "B" " The business will have a financial history, which gives you an idea of what to expect and can make it easier to secure loans and attract investors"
