Answer:
Rent or Buy Housing and the U.S. Tax Code
The tax deductibility of the interest ___paid___ on a mortgage and the___costs__ incurred on your home create a tax shelter for the___taxpayer___ , which ___reduces___your taxable__income__ and tax liability.
The standard deduction for mortgage interest under the 2014 U.S. tax code is:
c. $6,300 for single individuals and $12,600 for married couples filing jointly
Explanation:
Currently, the IRS allows taxpayers to deduct home mortgage interest on the first $750,000 ($375,000 if they are married but filing separately) of their indebtedness. However, higher limitations ($1 million) or ($500,000, if married but filing separately) apply if the taxpayers are deducting mortgage interests from their indebtedness incurred before December, 2017.
decreasing profit margins
Sales Budget
- Sales Budget is mainly based on sales forecast.
- It is the starting point of master budget and helps the company to determine that how much number of units to be sold in a coming year and its selling price.
learn more about this here-
brainly.com/question/17197344
#SPJ4
The answer is primary research. This falls under the type of
research in which the study is being processed in means of going out and
collecting the data needed for the study. This usually made use of instruments
such as surveys or interviews and even made use of ethnographic research.
The promise to pay a specified amount of interest each year plus the principal in five years. - Bonds.
What is interest?
The monetary fee for the privelidge of borrowing money is known as interest. Interest expense or revenue is frequently expressed in monetary terms, whereas the interest rate used it to calculate interest is usually expressed in annual percentage rate(APR). The amount of money received by a lender or financial institution in exchange for lending money is referred to as interest. The amount of ownership a share holder has in a company, usually expressed as a percentage, is also referred to as interest. Interest is indeed the concept of compensating one celebration for taking a risk and foregoing the ability to use funds, while penalising another party for using someone else's funds. The person who is temporarily parting with their money is owed compensation, and the person who is temporarily using those funds is frequently required to pay the above compensation.
To learn more about interest
brainly.com/question/2294792
#SPJ4
