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Triss [41]
3 years ago
15

Hall, a divorced person and custodian of her 12-year-old child, filed her 2014 federal income tax return as head of household. S

he submitted the following information to the CPA who prepared her 2014 return:
The divorce agreement, executed in 2016, provides for Hall to receive $3,000 per month, of which $600 is designated as child support. After the child reaches 18, the monthly payments are to be reduced to $2,400 and are to continue until remarriage or death. However, for the year 2019, Hall received a total of only $5,000 from her former husband. Hall paid an attorney $2,000 in 2019 in a suit to collect the alimony owed.
The $2,000 legal fee that Hall paid to collect alimony should be treated as a(n) ______.A. Deduction in arriving at AGI.B. Nondeductible personal expense.C. Itemized deduction subject to the 2%-of-AGI floor.D. Itemized deduction not subject to the 2%-of-AGI floor
Social Studies
1 answer:
kow [346]3 years ago
6 0

Answer:

C. Itemized deduction subject to the 2%-of-AGI floor

Explanation:

The $2000 legal fees that Hall paid to collect alimony is treated as Itemized deduction subject to the 2%-of-AGI floor.

AGI refer to Adjusted Gross income.

According to IRS(Internal Revenue Service), Miscellaneous itemized deductions are those deductions that would have been subject to the 2% of adjusted gross income limitation. Items listed on the IRS website subject to the 2% AGI limit include:

1. Credit or debit card convenience fees

2. Clerical help and office rent in caring for investments

3. Fees to collect interest and dividends

4. Depreciation on home computers used for investments

5. Legal fees related to producing or collecting taxable income or getting tax advice.

6. Repayment of income.

7. Tax advice fees.

8. Trustee's fees for your IRA, if separately billed and paid. etc

From the above list, we can see that the $2,000 paid by Hall as legal fees to get alimony is itemized deduction subject to the 2%-of-AGI floor.

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Monarchy
Verdich [7]

Answer:

Explanation:

Advantages

1. A monarchy is regarded as one of the most stable forms of government.

2. Monarchies reduce the levels of political divide in a country.

3. Most monarchies rule from a centrist approach.

4. It is possible to reduce or eliminate corruption within the boundaries of a monarchy.

5. There are opportunities to refresh the government.

6. Monarchy leaders are trained from birth to become leaders.

Disadvantages

1. Monarchies can require minors to serve as their country’s head of state.

2. It can be difficult to stop the powers of the monarchy.

3. There is no guarantee of competency coming from the leadership

4. A monarchy can decide to remove all checks and balances.

5. Monarchies create a class-based society.

I think some people didn't really care about it , it really depends on who you are.Some people like Monarchs because it helps society have order and others think that its horrible because Monarchs decide on what you can and can't do and they try to gain too much power/

6 0
3 years ago
Marcos is testing how performance in video games affects aggression; he randomly assigns participants to play either an easy vid
Elodia [21]

Answer:

Unsystematic Variability

Explanation:

Variability

This refers to a number or measure of the observed differences in the value of a variable that is from one unit of observation to another unit.

Unsystematic variability

This is usually refered to as a type of variability that is unexplainable (not accounted for) for by a one or a known source, but that comes from effects or the combinations of extraneouss variables, measurement error, and noise.

They are the known differences in scores of individuals because of the variable that were not examined. They are usually not related to variables examined. Mostly type 11 error, are within groups variance in experiments and usually leads to high total variability.

5 0
3 years ago
How could unresolved issues from the Treaty of Versailles cause a world war
Shkiper50 [21]
In the Treaty of Versailles, Germany lost territory, was forced to pay huge reparations ​(payments by a defeated country for the destruction it caused in a war), was forced to take responsibility for the war through the War Guilt clause, and forced to demilitarize or greatly reduce their military.
6 0
3 years ago
Read 2 more answers
Phil was training for the marathon, so he had to tain from junk food. Natalie wanted to watch the spective on TV. The man ensure
ziro4ka [17]

Phil was training for the marathon, so he had to Abs tain from junk food.2.Natalie wanted to watch the  Retro spective on TV.3 .The foreman ensured work at the construction site went on smoothly.

1. "Phil was training for the marathon, so he had to abstain from junk food." is the right response. The verb "abstain" means to refrain from consuming, possessing, or engaging in something. Another situation where the term "abstain" can be used appropriately and meaningfully in a sentence is: "When Lisa learned she was expecting, she made the prudent decision to abstain from drinking and smoking.

2. Retro is the right response. Natalie wished to view the television retrospective. A retrospective is essentially any exhibit, show, or program that chronicles the whole course of a person's career or endeavors. For instance, a well-known musician or artist might do a retrospective to highlight their journey and professional development from the beginning to the end. Basically, a retrospective is a look back at something or someone's journey.

3. C. fore is the right response ".

At the building site, the foreman made sure everything ran smoothly "In essence, a foreman is a worker who directs and oversees other workers while they complete a project. Delegating work to other employees, providing them with training, and ensuring that the work is done effectively are all responsibilities and obligations of a construction foreman. A foreman is often a skilled worker who is considered a "senior" in their industry.

Learn more about foreman here brainly.com/question/1299523

#SPJ4

5 0
2 years ago
The Harappan city of Mohenjo Daro was built along the Indus River. Why did the citizens of Mohenjo Daro build their homes in thi
soldier1979 [14.2K]
Ancient civilizations were built along rivers because the land was fertile.
5 0
3 years ago
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