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slega [8]
3 years ago
12

Margo has $2,100 withheld from her wages for state income taxes during 2014. In March of 2014, she paid $400 in additional taxes

for her 2013 state tax return. Her state income tax liability for 2014 is $2,600 and she pays the additional $500 when she files her 2014 state tax return in April of 2015. What amount should Margo deduct as an itemized deduction for state income taxes on her 2014 federal income tax return, assuming she elects to deduct state and local income taxes?a. $2,100b. $2,500c. $2,600d. $3,000e. None of the above
Business
1 answer:
inn [45]3 years ago
5 0

Answer:

b. $2,500

Explanation:

amount that Margo should deduct as an itemized deduction for state income taxes on her 2014 federal income tax return, assuming she elects to deduct state and local income taxes$2100 + $400 = $2500

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The market demand curve
Sidana [21]

Answer:

The answer is: A) is the sum of all individual demand curves.

Explanation:

By definition the market curve is the sum of all individual demand curves in a market. It shows the total quantity of goods that consumers demand (are willing and able to purchase) at varying price points. Usually the curve shows a downward slope since consumer demand decreases as the price of a good increases.

5 0
3 years ago
Which of the following statements is/are FALSE, all else the same?
xz_007 [3.2K]

Answer:

I. Present values increase as the discount rate increases.

and

III. Present values are smaller than future values when both r and t are positive.

5 0
3 years ago
Which of the following correctly orders the investments from LOWER risk to HIGHER risk?
Yuliya22 [10]
Here is the correct order of investments from Lower Risk to Higher Risk: <span> Treasury bond − Diversified mutual fund – Stock

Treasury bond is released by Government, so unless your country went bankrupt, it is safe to assume that you will get the investment back.

Diversified mutual fund puts your eggs in a lot of baskets So in case one of your investment fail, the others could still support your overall investments

Since the stock is a single entity and really fluctuative, it is considered as the most dangerous type of investment.

</span>
3 0
4 years ago
Nanometrics, Inc. has a beta of 3.15. If the market return is expected to be 10 percent and the risk-free rate is 3.5 percent, w
OLga [1]

Answer:

23.975%

Explanation:

Calculation for Nanometrics required return

Using this formula

Required return = Risk free rate + (Beta*(Market rate - Risk free rate))

Where,

Risk free rate =3.5%

Beta=3.15%

Market rate =10%

Let plug in the formula

Required return = 3.5% +(3.15*(10%-3.5%)

Required return = 3.5% +(3.15*6.5%)

Required return = 3.5% + 20.475%

Required return = 23.975%

Therefore Nanometrics required return will be 23.975%

3 0
3 years ago
4. List and explain the reserve requirements for banks in 2019 for checking accounts and savings accounts.
777dan777 [17]

Answer:

love the points

Explanation:

4 0
3 years ago
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