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
DedPeter [7]
4 years ago
8

Linda installed a special pool for the hydrotherapeutic treatment of severe arthritis, as prescribed by her doctor. The cost of

installing the pool was $19,520, and her insurance company paid $4,880 toward its cost. The pool increased the value of Linda's house by $6,832, and it has a useful life of 10 years. How much of a deduction is Linda entitled to in the year of installation of the pool?
Business
1 answer:
brilliants [131]4 years ago
4 0

Answer:Therefore amount of deductions allowable in year of installation = $7,808

Explanation:

Deductions  entitled in the year of installation of pool  =Cost of installing pool -insurance cost - the increase in property value

=$19,520- $4,880 -$6,832

=$7,808

Therefore amount of deductions allowable = $7,808

You might be interested in
The College Board reported the following mean scores for the three parts of the Scholastic Aptitude Test (SAT) (The World Almana
storchak [24]

Answer:

a) P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

b) P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

c) P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

Explanation:

Previous concepts

Normal distribution, is a "probability distribution that is symmetric about the mean, showing that data near the mean are more frequent in occurrence than data far from the mean".

The Z-score is "a numerical measurement used in statistics of a value's relationship to the mean (average) of a group of values, measured in terms of standard deviations from the mean".  

Part a

Let X the random variable that represent the scores for critical reading of a population, and for this case we know the distribution for X is given by:

X \sim N(502,100)  

Where \mu=502 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(502-10 < \bar X < 502+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(492

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 0.949)= P(Z

Part b

Let X the random variable that represent the scores for Math of a population, and for this case we know the distribution for X is given by:

X \sim N(515,100)  

Where \mu=515 and \sigma=100

We select a sample of size n=90, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{90}}=10.54)

And for this case we want this probability:

P(515-10 < \bar X < 515+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(505

And we can use excel or the normal standard table to find this probability:

P(-0.949 < Z< 1.898)= P(Z

Part c

Let X the random variable that represent the scores for Writing of a population, and for this case we know the distribution for X is given by:

X \sim N(494,100)  

Where \mu=494 and \sigma=100

We select a sample of size n=100, since the distribution for X is normal then the distribution for the sample size is also normal

\bar X \sim N(\mu, \frac{\sigma}{\sqrt{n}}=\frac{100}{\sqrt{100}}=10)

And for this case we want this probability:

P(494-10 < \bar X < 494+10)

And for this case we can use the z score given by:

z= \frac{\bar X -\mu}{\sigma_{\bar x}}

And if we use this formula we got:

P(484

And we can use excel or the normal standard table to find this probability:

P(-1 < Z< 1)= P(Z

3 0
3 years ago
The sector of the economy that includes proprietorships partnerships and corporations is the
aalyn [17]

Answer:

Invesmtent sector.

Explanation:

Is also responsible for the economic act of production.

4 0
3 years ago
The dual banking system in the u.s. today refers to:
Ymorist [56]
A dual banking system refers to the U.S in which banks supervised by the federal government and banks operated by the states are operated side by side. <span />
3 0
4 years ago
An asset was purchased for $54,000 and originally estimated to have a useful life of 10 years with a residual value of $4,900. A
Keith_Richards [23]

Answer:

Annual depreciation for the first two years is  $4,910.00  

Book value at the end of year 2  $44,180.00  

depreciation expense for each of the remaining years after revision is $21,110.00

Explanation:

The initial depreciation =cost-salvage value/useful life

cost was $54,000

salvage value is $4,900

useful life was 10 years

initial depreciation charge=($54,000-$4,900)/10=$4,910.00  

Book value at the end of year 2=cost-depreciation for first 2 years

book value at the end of year 2=$54,000-($ 4,910*2)=$44,180.00  

Depreciation expense for remaining years=($44,180-$1,960)/2=$21,110.00  

3 0
3 years ago
In general, is the U.S. federal tax system progressive or regressive?
Lubov Fominskaja [6]

Answer:

1- (a) Progressive.

2- (a) As a capital gain taxed at the long-term tax rate.

3-  decreased, reduce, greater

4- required

5- Dividends paid.

Explanation:

1- In the U.S. federal income taxes are progressive. They take a larger share of income as the income grows. People with higher incomes will pay a large percentage of their income as federal tax and people with lower incomes will pay a lower percentage of income.

2- The share are purchased and sold after few years. The investment is kept for more than a year than its capital gains will be taxed at the long-term tax rate.

3- Depreciation expense is considered as a tax shield. The larger the depreciation expense, the lower will be the taxable income.  

4- The tax payers are liable to pay greater if AMT liability or regular tax liability under tax law 1969.

5- Dividends paid are not deducted to derive taxable income. Interest paid is deducted from operating income to calculate taxable income.

3 0
3 years ago
Other questions:
  • The Chemco Company uses a highly toxic chemical in one of its manufacturing processes. It must have the product delivered by spe
    9·1 answer
  • Demand for a good is said to be inelastic if the quantity demanded increases substantially when the price falls by a large amoun
    5·1 answer
  • Total stockholders' equity includes $50,000 of common stock with a stated value of $0.50, and 5,000 shares of treasury stock wit
    11·1 answer
  • offers a 6.3 percent bond with a current market price of $767.50. The yield to maturity is 8.49 percent. The face value is $1,00
    11·2 answers
  • P7-47. Interpreting Debt Footnotes on Interest Rates and Interest Expense. Boston Scientific discloses the following as part of
    11·1 answer
  • If project A generates $10 million of free cash flow over its five year useful life and project B generates $8 million of free c
    12·1 answer
  • Is the type of competition that occurs in a competitive market without identical producers.
    11·1 answer
  • Jim is a lawyer who requires that his clients pay him in advance of legal services rendered. Jim routinely credits Legal Service
    12·1 answer
  • Which investment option has the highest risk ?
    13·1 answer
  • When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!