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baherus [9]
3 years ago
9

Leslie, who is single, finished graduate school this year and began repaying her student loan. The proceeds of the loan were use

d to pay her qualified higher education expenses. She has not received any type of educational assistance or scholarships. The amount of interest paid during the year amounted to $3,800. What is the amount and classification of her student loan interest education deduction if her modified AGI is $40,000?
Business
1 answer:
9966 [12]3 years ago
6 0

Answer:

$2,500 from AGI

Explanation:

Given:

Adjusted Gross income = $40,000

Amount of interest pay = $3,800

According to the federal law of deduction from income tax, passed out students can take a deduction from their annual AGI payment up to $2,500, but to avail, this deduction students income must be under in specified range.

Modified Adjusted Gross income under this law must be less than $80,000.

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Diversification merits strong consideration whenever a single-business company: Select one: a. Is faced with diminishing market
harina [27]

Answer:

The answer is option A) Diversification merits strong consideration whenever a single-business Is faced with diminishing market opportunities and stagnating sales in its principal business company

Explanation:

Diversification is a technique that reduces risk by allocating investments among various financial instruments, industries, and other categories. It aims to maximize returns by investing in different areas that would each react differently to the same event.

It's important to diversify among different asset classes. Different assets such as bonds and stocks will not react in the same way to adverse events. A combination of asset classes will reduce your portfolio's sensitivity to market swings. Generally, bond and equity markets move in opposite directions, so if your portfolio is diversified across both areas, unpleasant movements in one will be offset by positive results in another.

7 0
3 years ago
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XYZ Company allocates fixed overhead costs based on direct labor dollars, with an allocation rate of $5 per DL$. XYZ sells 1,000
Anon25 [30]

Answer:

See below

Explanation:

Given that;

Price per unit = $20

Direct labor cost = $2

Direct material cost = $5

Overhead cost = $1

Fixed overhead allocation= $5 per direct labor cost = $5 × $2 = $10

Total expenses = $2 + $5 + $1 + $10 = $18

Therefore , profit margin

= Price per unit - Total expenses

= $20 - $18

= $2

6 0
3 years ago
​________ is the equity earned by profitable operations that is not distributed to stockholders.
Alexeev081 [22]

Answer:

Retained Earning.

Explanation:

The total earned profit of an organization from which investors and business partners get less share is known as retained earning. This expanse is adjusted each and every time when there is an entry to the bookkeeping accounts that affects the income.

4 0
4 years ago
Which characteristic best describes organizational buying?
Scorpion4ik [409]

Answer:

A

Explanation:

I'm pretty sure cause The market contain huge numbers of buyers

7 0
3 years ago
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Dont KNOW FIND IT YOURSEF
VARVARA [1.3K]

Answer: What is your business question?

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2 years ago
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