Itemized deductions are thought to benefit more taxpayers because they can be claimed if the total is higher than the standard deduction.
You can deduct what you paid in real estate taxes, personal property taxes, state and local income or sales taxes, mortgage interest, and disaster losses when you itemize your deductions. You can also count charitable contributions and a portion of the money you spent for health and dental care.
If you itemize your taxes, do you get a bigger refund?
The standard deduction may be exceeded by itemized deductions. The more you may deduct, the less tax you'll owe, which is why some people itemize their deductions because the sum of their itemized deductions exceeds the basic deduction. There are numerous deductions that could be made.
To know more about itemized deductions
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Answer:
The options for this question are the following:
a. Specific and measurable
b. Cover key result areas
c. Linked to rewards
d. Defined time period
e. Challenging but realistic
The correct answer is a. Specific and measurable
.
Explanation:
Without smart goals, there is no success. SMART objectives encourage focus and action. They are a way of contributing structure and measurability to your goals and objectives. If you want to succeed in sports, you must set SMART objectives: specific, measurable, attainable, relevant and temporary. Let's see each one of them and talk about what it really means to set SMART goals:
S - Specific
The less clear your goal is, the less likely it is that you can achieve it. Try to be as specific as possible by asking yourself questions like: What do I really want to achieve? When do I want to get it? Where? How? Including figures in your goal is also a good way to make it more specific. For example: I want to perform 10 Strict Pullups in 15 weeks. Or, my goal is to improve my Aphrodite time by 2 minutes in the next 3 months.
M - Measurable
Measurable is related to the criteria on which you base your achievement, is to have concrete evidence that you have achieved it. How will it make you feel? What are you going to see? Dividing your goal into measurable steps makes it clearer and easier to achieve the desired result.
Answer:
Freecia has a comparative advantage in producing memory chips
Explanation:
Comparative advantage occurs when a company has an advantage over the other through the production of certain goods at a cheaper rate.
Looking at the given example , let us assume that the cost of producing a bushel of rice is $10 and memory chips is $10
Warmia produces two bushels of rice at $70 and a memory chip at $70(ratio 2:1) 1/3*70= 23.3
Freecia produces five bushels of rice at $70 and two memory chips at $7
(Ratio 5:2). 2/7*70=14
We can see that the cost of producing memory chips is cheaper fo Freecia
Answer:
$854.81
Explanation:
The formula for calculating the present value is as below
PV = FV/( 1 + r)^n
Where Fv =1000
r = 4% or 0.04
n= 6
PV = $1000/ (1 + 4/100)^4
PV=$1000/(1 + 0.04)^4
PV=$1000/1.16985
PV =$854.81
.
