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
Mkey [24]
3 years ago
11

Taxpayers have a choice of deducting the standard deduction or their itemized deductions. Therefore, ________ AGI deductions are

considered to be beneficial to more taxpayers because:________
a. For; these deductions increase the amount of the standard deduction
b. From; they result in a lower AGI which reduces the limitations based on AGI that decrease some tax benefits
c. For; they are available to all eligible taxpayers, not just those that itemize deductions
d. From; these deductions reduce a taxpayer's tax liability dollar for dollar
Business
1 answer:
Luba_88 [7]3 years ago
4 0

Answer:

C) For; they are available to all eligible taxpayers, not just those that itemize deductions

Explanation:

Any individual's adjusted gross income is equal to the individual's total gross income minus certain specific deductions, e.g. health savings account, contributions to retirement accounts, student loan interest, etc.

An individual's taxes are calculated using the adjusted gross income as basis, not simply the gross income.  

You might be interested in
Florida Keys Construction installs swimming pools. It calculates that warranty obligations are 3% of sales. For the year just en
Mademuasel [1]

Answer:

Dec. 31

Debit Warranty Expense 14,800

Credit Warranty Payable 14,800

Explanation:

Calculation to Determine the estimated warranty expense for the year

Based on the information given we were told that Florida Keys sales has the amount of $1,450,000 with 3% sales warranty obligation, and Florida keys as well had debit Warranty Expense of the amount of $28,700 this means that the Estimated warranty expense will be calculated as;

$1,450,000 * 3% =$43,500

$43,500-$28,700=$14,800

Therefore the Journal entry will be:

Dec. 31

Debit Warranty Expense 14,800

Credit Warranty Payable 14,800

5 0
3 years ago
Half of the income for magazine publishers comes from
mixer [17]

Answer:

B. advertising.

Explanation:

A magazine can be defined as a written document published periodically to provide informations about a particular subject or field. An example is the Marketing News magazine.

Marketing News is a magazine from the American Marketing Association and it covers all aspects of the marketing industry, which is mainly read by academics and people working directly in marketing.

Magazine publishers are mainly dependent on adverts posted on their pages to generate revenues for the smooth running of their business.

Hence, half of the income for magazine publishers comes from advertising.

Basically, organizations and business firms submit their products or services to a magazine company for the purpose of promoting their business through advertising.

4 0
2 years ago
Read 2 more answers
Rabbits have large ears. infer how this adaptation helps the rabbit meet its needs
BabaBlast [244]
 rabbits have large ears so that they can hear predators coming so they will run and stay alive
8 0
2 years ago
State farm Commercial "she shed" Who burned down the she-shed
Anika [276]

Explanation:

The ad features a character named Cheryl who calls State Farm to check whether she's insured for the outdoor "she shed" burning down in front of her and her husband, Victor. The prevailing fan theory is that Victor burned down the she shed

5 0
3 years ago
Read 2 more answers
Why does Joe's demand curve have a negative slope? Joe only has so much money; when other things get more expensive he must buy
AleksAgata [21]

Answer:

The answer is: He needs the price of coffee to go down to convince him to buy more.

Explanation:

A demand curve (almost) always has a negative slope. As a product gets more expensive, the amount of people willing to buy that product decreases. So if the product gets cheaper, the more people are willing to purchase it.

The opposite happens with the supply curve, as the price of a product increases, the more companies are willing to sell that product.  

7 0
3 years ago
Other questions:
  • Ford, an american car company, purchased volvo, which is based in sweden. what is this an example of? an independent agency a fo
    14·1 answer
  • Why does the pricing strategy need to reflect the marketing strategy?
    13·1 answer
  • RF Company had January 1 inventory of $300,000 when it adopted dollar-value LIFO. During the year, purchases were $1,800,000 and
    15·2 answers
  • What is comsumption efficiecy?
    13·1 answer
  • If the level of advertising expenditures is compared to the number of units sold at the end of a four-month period, the independ
    8·1 answer
  • When planning an information system, a company must consider how a new system will interface with older systems, which are calle
    7·1 answer
  • Lester's Markets has total revenues of $3,811, costs of $2,902, depreciation of $315, interest expense of $168, and taxes of $89
    11·1 answer
  • Happy halloween everyone
    14·2 answers
  • A fire and emergency services organization's records management system may be used to?
    15·1 answer
  • the focal point in budgeting for a service organization is likely to be: a) capital assets acquisition. b) raw material utilizat
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!