Based on Hope's check, her contribution to her RETIREMENT plan b. is pre-tax and therefore not included in federal income taxes.
<h3>What does the check say?</h3>
The check notes that Hope's retirement contribution is not included in her federal taxable income.
This means that the contribution is paid pre-tax and will not be liable for federal income taxes. She will most probably pay taxes on the retirement fund when she withdraws from it.
Find out more on retirement contributions at brainly.com/question/6806179.
Medical school, and internship and residency program
The simplified method of computing home office expenses limits the number of home office expenses allowed to a fixed amount regardless of the amount of business income or the size of the home office.
<h3>How do you calculate home office deductions?</h3>
A business owner can calculate the home office deduction in two ways: regular and simplified. The regular method would require you to use Form 8829 to calculate your deduction, which would include figures for the area of your home and the total hours it was used for business purposes, your business income, and other business expenses.
If you itemize deductions and use the simplified method for a taxable year, you can deduct home expenses that would otherwise be deductible as itemized deductions on Form 1040 or 1040-SR, Schedule A, without reducing these expenses by the amounts allocable to the simplified method.
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Answer:
Install Security System
Explanation:
The security system should always be purchased, because, the marginal benefit of the security system is higher than the marginal cost of this system.
The marginal benefit of the security system is $600, the marginal cost of this system is $400.
In Moonroof marginal benefit is lesser than its marginal cost.
