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Furkat [3]
3 years ago
7

This fall Millie finally repaid her student loan. She originally borrowed the money to pay tuition several years ago when she at

tended at State University (a qualified educational institution). This year Millie paid a total of $2,400 of interest on the loan. If Millie files single and reports $70,000 of income and no other items of income or expense how much of the interest can she deduct?
A. Millie can deduct $2,400 for AGI.

B. Millie can deduct $1,600 for AGI.

C. Millie can deduct $2,400 as an itemized deduction.

D. Millie can deduct $800 for AGI.

E. None - the tuition is not deductible.
Business
1 answer:
Kryger [21]3 years ago
3 0

Answer:

B. Millie can deduct $1,600 for AGI.

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Which one of the following statements is true? Debt instruments offer residual claims to future cash payouts. Bonds with call pr
Nikitich [7]

Answer:

The answer is: None of the options are correct.

Explanation:

Debt instruments don´t offer residual claims to future cash payouts.

Bonds with call provisions don´t have lower coupon rates than otherwise identical bonds. Generally if the bond issuer decides to redeem the bond earlier they will pay the bondholder a premium over their face value.

Bondholders don´t enjoy a direct voice in company decisions. They have the right to receive financial statements of the company and in case of bankruptcy they hold first rights to the distribution of assets.

Bonds are low risk investments that don´t do well in inflationary periods. The inflation rate adjusts the real interest rates a bond will earn, sometimes turning them negative real interest rates.

Preferred shareholders are not the first investors to be repaid in bankruptcy liquidation. Bondholders are the first investors to be repaid in bankruptcy liquidation.

7 0
4 years ago
The survival principle states that A. the only firms that survive are those that maximize profits. B. firms must undertake socia
Flauer [41]

Answer:

The survival principle states that

A. the only firms that survive are those that maximize profits.

Explanation:

Profit maximization is important for a firm to survive.  Without profit maximization, firms fail.  Profits impact share price, business growth, and short-term and long-term survival.  Profits reduce debt burden, and increase capital investments and acquisitions.  Without profits, a firm cannot pay dividends or repurchase shares.  Profit is at the center of a firm's survival.  Even Baumol's theory of sales maximization states that it is only when an acceptable level of profit has been achieved that a firm can shift its focus away from profits to revenue maximization.  This emphasizes the importance of profit maximization.  Profit maximization also contributes to the maximization of cash flows.

5 0
3 years ago
Instead of focusing on a good, a company that provides a service is likely to focus its marketing message on what? A. The physic
Serhud [2]

Usually, the company that provides the service is more likely to focus its marketing message on what the people who provide the service or the experience customers will have

The Marketing message basically means how a firm does communicates to its target audience about itself and what it offers.

So, instead of focusing on a produced good, they do focus its marketing message on what the people who provide the service or the experience customers will have

In conclusion, the Option C is correct.

Read more about this here

<em>brainly.com/question/24925953</em>

6 0
3 years ago
The portion of your health insurance paid by your employer:
Artyom0805 [142]

Answer:

yes portion of your health insurance is paid by your employer

4 0
4 years ago
Read 2 more answers
You have $5,600 that you want to use to open a savings account. There are five banks located in your area. The rates paid by ban
Nadya [2.5K]

Answer:

if you want to maximize the amount of interest that you will earn, then you should choose bank C

Explanation:

interest gained in 1 year in bank A = $5,600 x 4.61% = $258.16

interest gained in 1 year in bank B = $5,600 x [(1 + 4.15%/12)¹² - 1] = $236.87

interest gained in 1 year in bank C = $5,600 x [(1 + 4.57%/2)² - 1] = $258.84

interest gained in 1 year in bank D = $5,600 x [(1 + 4.25%/4)⁴ - 1] = $241.82

we have to calculate the effective interest rate paid by each bank using the following formula:

effective interest = (1 + i/n)ⁿ - 1

8 0
3 years ago
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