1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ziro4ka [17]
3 years ago
13

For regular tax purposes, with regard to the itemized deduction for qualified residence interest, home equity indebtedness incur

red during a year:
a. Includes acquisition indebtedness secured by a qualified residence.
b. May exceed the fair market value of the residence.
c. Must exceed the taxpayer's net equity in the residence.
d. Is limited to $100,000 on a joint income tax return.
Business
1 answer:
mojhsa [17]3 years ago
7 0

For regular tax purposes, with regard to the itemized deduction for qualified residence interest, home equity indebtedness incurred during a year: Is limited to $100,000 on a joint income tax return.

Explanation:

The debt of household property is entitled to a joint return of $100,000. Home equity debt is any mortgage not obtained by a qualifying property.  

The reasonable market value of the home shall not be greater than that of the purchase loan or the lesser amount of $100,000.  

The debt to purchase, create, and substantially improve a qualifying residence is the debt owed in the purchasing, construction and securing of such house (a 1 million dollars limited).  

The certain value on debt that outperforms these limits can not be subtracted.

You might be interested in
Jennifer Orgolini, the chief financial officer at New Belgium Brewery, explains that the benefits and rewards associated with th
Natali [406]

Answer: emotional intelligence

Explanation: The capacity of an individual to control, express and be aware of the emotions of others and himself is called the emotional intelligence.

    In the given case, Jennifer Orgolini is encouraging to the employees to participate in the philanthropy program. Such programs are focused on social welfare and will make the participants more emotionally aware. Thus such motivating depicts the company wants employees that have high emotional quotient.

     

7 0
3 years ago
Metlock Company took a physical inventory on December 31 and determined that goods costing $185,000 were on hand. Not included i
Paha777 [63]

Answer:

$229,890

Explanation:

The formula to compute the ending inventory is shown below:

= Cost of inventory + goods purchased from f.o.b. shipping point + goods sold at f.o.b. destination

= $185,000 + $24,080 + $20,810

= $229,890

We added the goods purchased and goods sold to the cost of inventory so that the accurate value of the ending inventory can come.

6 0
4 years ago
It is important when you first start using social media to create a trial because?
Scrat [10]
The correct option is D.
When one is about to start using a particular social media, it is needful that one first creates a trial for some important reasons. Firstly, creating a trial gives one the opportunity to become familiar with the program, so that one will know what using the media entails. Creating a trial also gives one the opportunity to decide whether the social media is fit for one's needs or not. During this period, one will surely make some mistakes, but their impacts will be minimized because one is just trying out the social media.
4 0
3 years ago
nternational trade can have big effects on domestic markets. For both an import good and an export good (in other words, address
belka [17]

Answer:

International business is a affects the domestic economy in many ways.

Explanation:

  • The impacts of international trade can vary from the supply and demand of a  particular good or product and their impact on the domestic market functioning. The price changes in the market affect the wages received by the workers as trade opens new foreign markets.  
  • The supply of the products is depended on the demands of the consumers which may be affected by the government policies, and many socio-cultural aspects.
  • International trade leads to the increase of the value of the products and thus increases in the demands and the competitiveness of the market, for this, the government provides a subsidy to the domestic infant industries to protect them from getting removed for the competition.
  • Due to the competition, the firms try to sell their product at a lower or higher cost thereby increasing the quantity demanded by the customer. Thus the equilibrium of the price and quantity demanded changes.
3 0
3 years ago
Whether a firm has growth or value and how this firm characteristic affects an estimate of the cost of equity is called the ____
Dahasolnce [82]
It is called value factor. There are two kinds of value factor one is present value factor and second is future value factor. The business or anything in the business has their value on their own. The future value factor is used to calculate the future value of the amount per dollar of its present value. It is the amount greater than a dollar and you can see this on the table when you calculate the future value or FV. Present Value factor is based on the time and money when you borrow or it is the debt that can grow in the span of time. 
5 0
3 years ago
Other questions:
  • One of the appeals of a sole proprietorship is that business expenses are
    9·2 answers
  • Many customers shop at All Natural because of the employees’ extensive product knowledge. In a SWOT analysis, the employees’ hig
    14·1 answer
  • A firm currently sells $1,750,000 annually of an expensive product line. That firm is considering a similar, less expensive, dis
    13·1 answer
  • B Co. reported a deferred tax liability of $24 million for the year ended December 31, 2017, related to a temporary difference o
    14·1 answer
  • The most common measure of inflation is a statistic called the
    7·2 answers
  • Jamie ensures that his subordinates are closely guided and instructed throughout a project. He believes that this makes him a hi
    6·1 answer
  • Joan bought a business machine for $15,000. In a later year, she sold the machine for $12,800 when the total allowable depreciat
    7·1 answer
  • Assume just for this question that the portfolios have identical betas, but one has high investment-specific risk (standard devi
    8·1 answer
  • Delta Screen Corporation is currently operating at 60% of capacity and producing 6,000 screens annually. The normal selling pric
    9·1 answer
  • 5dcual es la tarea del ser humano?​
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!