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
erastova [34]
3 years ago
15

Which of these items is a tax deduction?. a)cash awards. b)interest from bonds. c)interest on a home mortgage

Business
1 answer:
wolverine [178]3 years ago
5 0
C)interest on a home mortgage
You might be interested in
The ceo of big wheel automotive is concerned about declining sales. he has identified his research problem as the fact that his
White raven [17]

The CEO of Big Wheel Automotive is using market research organizations for secondary data about the research problem that he is experiencing. The market research is a way of having to gather information in which is helpful for an organization or business in order to improve their own and a way of having to target their consumers.

5 0
3 years ago
A _____ is the highest postsecondary degree available.
Nadusha1986 [10]
I pretty sure it’s B
5 0
2 years ago
Read 2 more answers
You plan to retire in 19 years. At the point of retirement, you want to be able to withdraw 32,877 at the end of each year forev
xz_007 [3.2K]

Since no any further contributions will be made to the retirement fund, the amount you need today is $172,014.

<h3>Calculation of Present Value and Present Value of a Perpetuity</h3>

The first step is to calculate the present value (PV) of the contribution at the point of retirement in 19 years using the formula for calculating the present value (PV) of perpetuity as follows:

PV in 19 years = CF / R ............................................. (1)

Where;

PV in 19 years = Present value (PV) of the contribution at the point of retirement in 19 years = ?

CF = Cash flow or yearly expected withdrawal = $32,877

R = Rate of return after retirement = 5.02%, or 0.0502

Substituting the values into equation (1), we have:

PV in 19 years = $32,877 / 0.0502 = $654,920.3187251

The amount you need today can be calculated using the present value formula as follows:

PV = FV / (1 + r)^n ……………………………………………. (2)

Where;

PV = Present value or the amount you need today = ?

FV = Future value or PV in 19 years = $654,920.3187251

r = rate of return prior to retirement = 7.29%, or 0.0729

n = number of years = 19

Substituting the values into equation (2), we have:

PV = $654,920.3187251 / (1 + 0.0729)^19 = $654,920.3187251 / 3.80737505803714 =  $172,013.607470218

Rounding to the nearest dollar, we have:

PV = $172,014

Therefore, the amount you need today is $172,014.

Learn more about present value here: brainly.com/question/17322936.

3 0
2 years ago
Splish Corporation has retained earnings of $707,000 at January 1, 2020. Net income during 2020 was $1,428,500, and cash dividen
BartSMP [9]

Answer:

Explanation:

Statement of retained earning represent the changes in retained earning balance during the year and accumulated beginning balance of the period and Ending balance as well. It deals with all the adjustment in retained earning like net income transfer  fro the year, dividend paid during the year etc.

                    Splish Corporation

           Retained Earning Statement

  for the year ended December 31, 2020

                                                                          $

Retained Earning at January 1, 2020           707,000

Less: Cash Dividend paid during 2020       85,000

Add: Net Income for the year 2020             <u>1,428,500</u>

Retained Earning ath December 31 2020   <u>2,050,500</u>

5 0
3 years ago
Equilibrium income is that level of income:______. a. which an economy is capable of producing without generating accelerating i
Phoenix [80]

Answer:

The correct answer is: c. toward which the economy gravitates in the short-run.

Explanation:

In the economic context, the Short Term is a period in which an economy does not have enough time to change its fixed expenses in order to reach new levels of profitability or production, so it must be limited to changes in variable costs. It is worth mentioning that the Short Term is not a defined period of time, but depends on each company, industry or economic variable.

One of the most important bases of the meaning of Short Term is that companies have fixed and variable costs. For example, some common expenses, wages and prices are fixed costs, so they cannot change to freedom to reach a new equilibrium.

3 0
3 years ago
Other questions:
  • If an investment of $45,000 is earning an interest rate of 8.50% compounded annually, it will take for this investment to grow t
    8·1 answer
  • Who among the following is associated with contributions to quality control in operations​ management? A. Henry Ford B. W. Edwar
    6·1 answer
  • About this app<br> What is the benefit of this app
    6·2 answers
  • Jones, a consulting manager of Miller &amp; Co., is considering membership on an audit client's board of directors. Jones does n
    13·1 answer
  • Which of the following activities create positive externalities? Group of answer choices An excavation firm pollutes a local str
    10·1 answer
  • Pioneer Chicken advertises "lite" chicken with 30% fewer calories than standard chicken. When the process for "lite" chicken bre
    9·1 answer
  • Time period is important in accounting. Companies need to report revenue and expenses on their income statement based on what th
    6·1 answer
  • The amount that people are willing to pay for each additional unit of a product or service is the A. Opportunity cost B. Margina
    10·2 answers
  • The Sheridan Acres Inn is trying to determine its break-even point during its off-peak season. The inn has 50 rooms that it rent
    5·1 answer
  • Fitch Ratings a credit rating agency, recently downgraded Vermont's debt rating from AAA to AA, citing the state's economy and c
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!