Answer:
Mortgage interest of $7,875 and property taxes of $1,850.
Explanation:
A tax deduction can be defined as the total amount of money that one can deduct to lower their tax liability. More tax deductions always implies a reduced tax liability. In dealing with mortgage payments, tax deductions should be considered carefully to determine how much one tax one needs to pay. The following mortgage expenses are considered for deductions;
1. Mortgage interest
A mortgage interest deduction is a deduction that allows homeowners to subtract the interest on the loan they used to pay for the purchase, improvements or building of a home. In our case, Hilda and Hyatt are liable to a deduction of $7,875.
2. Property tax
In general, state and local property taxes are eligible to be deducted from the federal income taxes of a property owner. The only taxes that are deductible are state, local and foreign taxes levied for public welfare. They do not include services like home renovation and trash collection. The federal tax as of 2018 for property tax was capped at a total of $10,000. This means that any property tax value below $10,000 was eligible to a property tax deduction of that amount.
Answer:
The dollar amount of dividends that will be distributed for the 2016 is $0.26
Explanation:
The dividend distributed to preferred stock = 7% x 20,000 shares x $10 par value = $14,000
The dividend distributed to common share = total distribituion of $40,000 – distributed to preferred stock $14,000 = $26,000
The earning per common share (EPS) = Total dividend distributed/ number of shares outstanding = $26,000/ 1,000 shares = $26
The dollar amount of dividends = EPS/ par value = $26/ $100 = $0.26
Answer:
b. are better off under a single-price monopoly
Explanation:
Consumers who put a high value on a service <u>are better off under a single-price monopoly</u>. Under perfect price discrimination, every consumer is charged equal to the maximum willingness to pay then in the case of a high value on service person will be charged very high than a single price monopoly so the consumer is better with single-price monopoly.
Dress shirts and ties are complementary goods and we know that complementary goods have a negative cross-price elasticity of demand which means an increase in the price of dress shirts will decrease the demand for ties (negative cross-price elasticity of demand)
Elasticity is the ability of a deformed body of material to return to its original shape and size when the force causing the deformation is removed. Bodies with this ability are said to behave (or react) elastically.
Consumer durables are an example of demand elastic products. Things you rarely buy, like a washing machine or a car, that you can move when the price goes up. For example, car discounts have been very successful in increasing car sales through price reductions.
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