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Rina8888 [55]
3 years ago
15

Which payment option could have interest charged to you

Business
1 answer:
kramer3 years ago
6 0

Answer:

Loans, Credit cards

Explanation:

If you don't pay your credit card on time, they will charge you a late fee. If you take out a loan, they make you pay back the money you took out and a percent of that amount for interest.

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2 years ago
Farmers in developing countries want the united states to reduce the subsidies that it gives to u.s. farmers because subsidized
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6 0
3 years ago
Your friend Scotty informs you that in 2019 he received a tax-free reimbursement of some medical expenses he paid in 2018. Which
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Answer:

c.Scotty did not itemize deductions in 2018

Explanation:

Itemized deductions can be defined as a form of eligible expenses in which individual taxpayers can claim on federal income tax returns which will in turn reduce their taxable income, and this is said to be often claimable in place of a standard deduction, only in a situation where it is available which is why ITEMIZED DEDUCTIONS are expenses that are allowed by the IRS that can decrease your taxable income because when an individual itemize on his or her tax return, such individual can opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction.

Therefore based on the Scotty scenario the statements that best explains why Scotty is not required to report the reimbursement in gross income is :Scotty did not itemize deductions in 2018

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Hunter has always been great at math. He has an accounting degree and wants to work for the federal government in the Governance
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Explanation:

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Hope it helps!
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