1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
icang [17]
3 years ago
5

Mrs. and Mr. Strange, who are filing a joint return, have adjusted gross income of $50,000 in 2019. During the tax year, they pa

id the following medical expenses for themselves and for Mrs. Strange's father, Mr. Stark. The Strange's could claim Mr. Stark as their dependent, but he has too much gross income. Insulin for Mr. Strange $1,000 Health insurance premiums for Mr. and Mrs. Strange (after-tax) $3,100 Hospital bill for Mr. Stark $5,200 Doctor bill for Mr. Strange $4,000 Mr. and Mrs. Strange (both age 40) received no reimbursement for the above expenditures. What is the amount of their deductible itemized medical expenses? Group of answer choices $3,750 $9,550 $8,100 $13,300
Business
1 answer:
Valentin [98]3 years ago
3 0

Answer:

$8,300

Explanation:

Health insurance premiums for Mr. and Mrs. Strange (after-tax) $3,100

Add Hospital bill for Mr. Stark $5,200

Total $8,300

Therefore the amount of their deductible itemized medical expenses is $8,300

You might be interested in
South Carolina is facing budget cuts. The number of employees needs to be reduced over the next three years at all state agencie
choli [55]

<u>Answer:</u> This approach is called attrition.

<u>Explanation:</u>

Attrition is the process of reducing the workforce of the company due to various reasons. Here South Carolina has lot of budget constraints which forces the state to reduce the in take of new employees. This approach can also be called as hiring freeze so that the payroll can be reduced instead of doing layoffs.

The strength of the state is reduced in order to reduce the expenses and money pay outs. When there is a deficiency in the budgets actions have to be taken accordingly to minimize the effects.

8 0
3 years ago
The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian ________ and the South Korean
Illusion [34]

Answer: GNP; GDP

Explanation:

<em>The value of what a Canadian-owned Tim Hortons produces in South Korea is included in the Canadian </em><em><u>GNP </u></em><em>and the South Korean </em><em><u>GDP</u></em><em>. </em>

Gross National Product refers to the total amount of domestic production and foreign production that can be attributed to the residents of a nation.

This means that GNP includes the GDP and income earned by residents of the country in other countries but less the income earned by foreigners in the country. For Canada therefore, the value of goods produced by the Canadian company in South Korea will be added to the GNP.

Gross Domestic Product (GDP) on the other hand is simply the total final value of goods and services produced in a country regardless of if it was foreigners or residents doing the production. The value of what a Canadian-owned Tim Hortons produces in South Korea is therefore included in South Korea's GDP.

7 0
3 years ago
Nursing home kitchens, corporate employee lunchrooms, and state park concession stands are all examples of? A. noncommercial foo
Basile [38]

Answer:

D

Explanation:

D because you have to keep up with demand

3 0
3 years ago
What is effective demand?
Ahat [919]
The level of demand that represents a real intention to purchase by people with the means to pay
5 0
2 years ago
You want to purchase a new car, and you are willing to pay $19,970. If you can invest at 10% per year and you currently have $15
andrezito [222]

Answer:

It will take 3 years to have enough money to purchase the car.

Explanation:

We can use either Compounding or Discounting Formula to determine the time it will take to make $19,970 from $15,000 when the investment rate is 10%. Lets go with the Compounding Formula:

                           Future Value = Present Value * (1 + i) ^ n

<u>Re-arrange equation for "n" which is the Time Period:</u>

⇒ FV / PV = (1 + i) ^ n

Taking log on both sides;

⇒ log (FV / PV) = log (1 + i) ^ n

OR log (FV / PV) = n log (1 + i)

OR n = log (FV / PV) / log (1 + i)

Simply put values now;

⇒ n = log (19,970 / 15,000) / log (1 + 10%) = log (1.33) / log (1.1) = .12 / .04

OR n = 3

3 0
3 years ago
Other questions:
  • At a price of _____, books will be both supplied and demanded. $10 $20 $30
    8·1 answer
  • Guns R Us overstated its ending inventory in the current year by $5,000. The company incorrectly reported $100,000 of net income
    11·1 answer
  • Nikolai knows that what his boss has asked him to do is not in the best interest of the company. He also knows that if he does n
    7·2 answers
  • Alzania produces and consumes​ 500,000 tons of cotton during a year. Reports indicate that​ Alzania's neighbor, which also emplo
    13·1 answer
  • A company developed the following per-unit standards for its product: 2 pounds of direct materials at $4 per pound. Last month,
    12·1 answer
  • which of the following paycheck withholdings puts money into a retirement investment fund that you will manage?
    13·1 answer
  • Identify the following costs as fixed or variable:
    11·1 answer
  • What is it determines a good trade agreement? (Economics)
    7·1 answer
  • Distinguish between planned economy and mixed economy?​
    14·1 answer
  • A start-up company has developed some innovative products, but it has no marketing or advertising expertise. It hired The Tullen
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!