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jeka94
3 years ago
9

Marsha is single, had gross income of $50,000, and incurred the following expenses:________. Charitable contribution $2,000 Taxe

s and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:_______. a. $39,750 b. $40,000 c. $40,750. d. $49,750 e. None of these choices are correct
Business
1 answer:
zysi [14]3 years ago
5 0

Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:

d. $49,750

Explanation:

  • Marsha is single, had gross income of $50,000, and incurred the following expenses: Charitable contribution $2,000 Taxes and interest on home 7,000 Legal fees incurred in a tax dispute 1,000 Medical expenses 3,000 Penalty on early withdrawal of savings 250Her AGI is:
  • d. $49,750
  • The Interest which is used to buy or carry tax exempt securities is not deductible.
  • Only  20% of the adjusted gross income limitation is applied to certain contributions made to private foundations.
  • Married couple must be,filing a separate return, and their spouse is itemizing.

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3 years ago
Manuel sued Patricia on a promissory note. Patricia admitted signing the note, but raised the defense that Manuel was not a hold
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Answer:

Explanation:

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4 years ago
Difference between insurance and assurance
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4 years ago
For a certain firm, the 100th unit of output that the firm produces has a marginal revenue of $11 and a marginal cost of $10. A)
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Answer:

The correct answer is option d.

Explanation:

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The doctrine that makes a defendant liable even if the defendant is without fault is called...
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I hope this helped ya :)</span>
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