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finlep [7]
3 years ago
7

In 2015 through 2018, Shana borrowed a total of $30,000 for higher education expenses on qualified education loans. In 2019, whi

le still living at home and being claimed by her parents as a dependent, she began making payments on the loan. The first year interest on the loan was reported as $1,750. The amount that Shana can claim on her tax return is _______.
Business
1 answer:
MissTica3 years ago
5 0

Answer:

$0

Explanation:

A student who lives in his parents’ home and being claimed as a dependent by his parent cannot claim any return on tax return for an amount borrowed for higher education expenses or for an interest paid on such loan. This is because, the parents have already claimed as a dependent to reduce their taxable income.

Therefore, Shana will claim $0 because he still lives at home and being claimed by his parents as a dependent to reduce their taxable income.

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True or false: Controlling involves developing goals and preparing various budgets to achieve those goals.
Radda [10]

False, Planning involves developing goals and preparing various budgets to achieve those goals not controlling

Controlling involves determining if goals have been followed and taking corrective measures

Control is a management feature that helps you check for errors in order to take corrective action. This is done to minimize deviations from standards and ensure that the organization's set goals are achieved in the desired way.

The corporate governance management process is when managers define, measure, improve and manage cost management of their business operations. Control processes allow enterprises to manage changes in their supply chain, customer demand, and other variables that affect their lives.

Learn about controlling function here:brainly.com/question/22691648

#SPJ1

7 0
1 year ago
How many cases of bankruptcy cases are provided for in the bankruptcy code
tia_tia [17]
There are six types of bankruptcy cases that are provided for in the bankruptcy code, They are:

Chapter 7, Chapter 9, Chapter 11, Chapter 12, Chapter 13, Chapter 15

In short, Your Answer would be Option B

Hope this helps!
4 0
3 years ago
Stock X has a standard deviation of 25 percent per year and stock Y has a standard deviation of 16 percent per year. The correla
Zanzabum

Answer:

The portfolio standard deviation is 14.82%

Explanation:

The portfolio standard deviation would be calculated by finding out the variance of the portfolio and taking the square root of it.

Variance of the portfolio = [(1 - .50)^{2} x 0.25^{2}] + [0.50^{2} x 0.16^{2}] + [2 x (1 - 0.50) x 0.50 x 0.25 x 0.16 x 0]

= [0.25 x 0.0625] + [0.25 x 0.0256] + [0]

= 0.015625 + 0.0064

VarPort = 0.022025

Std DevPort  = √0.022025

Std DevPort = 0.1482 = 14.82 percent

3 0
3 years ago
Read 2 more answers
A real estate loan where a homeowner receives monthly payments based on accumulated equity rather than a lump sum and is repaid
ivanzaharov [21]

Answer:

reverse annuity mortgage

Explanation:

The term that is being described is known as a reverse annuity mortgage. Like defined in the question, this is a loan that allows you to cash in some of your home's equity without actually needing to sell the entire real estate property and move out of your home. Instead the loan is secured against the value of your home and monthly payments are paid to the owner that asked for the loan.

6 0
3 years ago
Trevor Williams’ bank calculates interest daily. At an APR of 3%, how much simple interest does $2,000 earn in twelve days?
pishuonlain [190]
The answer is $1.97. 

6 0
3 years ago
Read 2 more answers
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