The amount that Archie and Tina can deduct as a charitable contribution without itemizing their deductions is <u>$600</u>.
<h3>Data and Calculations:</h3>
Archie's earnings =$32,000
Tina's earnings = $24,000
The Reynolds' dependent children = Laura and Timothy
Total charitable deductions for 2021 = $1,700
Limit allowed per couple without itemization of deductibles = $300
The total charitable deductions allowed for the Reynolds = $600 ($300 x 2).
Thus, the amount that Archie and Tina can deduct as a charitable contribution without itemizing their deductions is <u>$600</u>.
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Answer: $6289.07
Explanation:
Monthly mortgage = $1,850
Car payment = $500
Student loan = $350
Note : 43% is the maximum debt to income ratio under FHA
Therefore calculating Hope's total monthly debt ;
(Monthly mortgage + car payment + student loan)
$(1850 + 500 + 300) = $2700.
Therefore Hope's minimum monthly income in other to afford the loan can be calculated by dividing her total monthly debt by the maximum debt to income ratio under FHA
$2700 ÷ 0.43 = $6,279.069
=$6279.07
Answer:
$1,080,000 asset
Explanation:
Net deferred income taxes = Unused plant facilities disposed * Tax rate = $3,600,000 * 30% = $1,080,000 asset
Therefore, $1,080,000 should be reported as net deferred income taxes on Krause's balance sheet at December 31, 2018.
As per the nisp guideline, an incubation unit at the institute can take up to what<u> 2-9.5%</u> of total equity in an incubated startup in return of incubation services and supports it provide?.
<h3>What is an incubation unit?</h3>
An incubation unit can be defined as an office space which a start-up project or a Small and mid-size enterprises (SME) company as well as a promoters can make use of.
This unit can tend to take up to 2-9.5 percent of the equity in an incubated early startup that do not have business ideal in return of the services and supports they rendered to them.
Therefore as per the nisp guideline, an incubation unit at the institute can take up to <u>2-9.5%</u> of total equity.
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A business plan is a plan how to achieve the objectives of the organisation, how to manage the resources, how to plan and manage everything in the enterprise.
<u>Explanation:</u>
A business plan is a formal composed report containing business objectives, the techniques on how these objectives can be accomplished, and the time period inside which these objectives should be accomplished.
A business plan is a document that condenses the operational and money related destinations of a business and contains the point by point plans and spending plans demonstrating how the goals are to be figured it out. It is the guide to the achievement of your business.