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Lyrx [107]
3 years ago
7

Hector is a married, self-employed taxpayer, and this year he paid $3,000 for his health insurance premiums (not through an exch

ange). Under which of the following alternative conditions can Hector deduct the cost of the premiums for AGI?a. Hector chose not to participate in the employer-sponsored plan of his spouse.
b. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.
c. Neither Hector nor his spouse participates in an employer-sponsored plan although both are eligible to participate in a plan.
d. Hector can deduct the health insurance premiums regardless of the insurance status of his spouse.
e. None of the choices - health insurance premiums can only be deducted as an itemized deduction.
Business
1 answer:
Korvikt [17]3 years ago
7 0

Answer:

The answer to this question is option  B. Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

Explanation:

Hector can deduct the cost of the premium for AGI if Hector's spouse participates in an employer-sponsored plan but Hector is not eligible to participate in this plan.

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Answer:

b. Debt ratio

Explanation:

The liquidity ratio includes the current ratio, quick ratio, etc

where,  

Current ratio = Total Current assets ÷ total current liabilities

And, Quick ratio = Quick assets ÷ total current liabilities  

where,  

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These two ratios check the liquidity of the business organization whereas debt ratio shows a relationship between the total liabilities and the total assets. It checks the leverage of the firm whether it is capable to repay the borrowed amount or not

Hence, option b is correct

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Answer and Explanation:

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Elmo Inc., a global conglomerate, designed the ElBrush, an electric toothbrush. Sensing market demand for the electric toothbrus
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Answer:

Target costing

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According to this, the answer is that the situation exemplifies target costing.

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