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GrogVix [38]
3 years ago
5

Doug and Sue Click file a joint tax return and decide to itemize their deductions. The Clicks' income for the year consists of $

89,000 in salary, $1,500 interest income, and $700 long-term capital loss. The Clicks' expenses for the year consist of $1,450 investment interest expense. Assuming that the Clicks' marginal tax rate is 35 percent, what is the amount of their investment interest expense deduction for the year
Business
1 answer:
Yuki888 [10]3 years ago
8 0

Answer:

$1,450

Explanation:

Interest Income = $1,500

Investment Interest expenses = $1,450

Allowed deduction limit investment interest is subject to investment income. So $1,450 is allowed as deduction

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Smith Company manufactures washing machines in their own facility. They sell them to stores like Best Buy and Lowes for ultimate
MariettaO [177]

Answer:

Answer in Attachment

Explanation:

Download xlsx
6 0
3 years ago
Chang Lee is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of
Allisa [31]

Answer:

C) In today's dollars, Chang Lee's money is worth more than Soo Lee's

Explanation:

The present value of receipts 6 year hence of amount $20,000 discounted at 7% rate would be: Discounting factor of 1 $ for 6 years at 7 % i.e expressed as:

\frac{20000}{(1\ +\ .07)^{6} }

= 20,000 × 0.6663

= $ 13,327 approx

The present value of $20,000 receipts 9 years hence discounted at 7% rate is given by:

\frac{20000}{(1\ +\ .07)^{9} }

= 20,000 × 0.5439

= 10,879 approx.

As is evident from above, Chang Lee's present value of receipts is more than those of Soo Lee's.

6 0
3 years ago
Suppose a consumer buys a Perfect Pizza frozen cheese pizza at the grocery store for $10. Perfect Pizza purchased the dough and
miskamm [114]

Answer:

The GDP of consumption price is increasing by $10

Explanation:

Consumption price GDP is that by $10 And the price of tomato sauce and cheese is indirect cost and that cost is the demand and we can't apply that directly. These costs may indirectly be used for calculated GDP.  

So, in the question given, consumers bought the Pizza from the $10 grocery store and tomato sauce and cheese is the intermediate cost so they can't add it directly.

Therefore, The GDP of consumption price is increasing by $10

8 0
3 years ago
BruceCo is a small coffee company. Recently, the surgeon general announced that students who consume massive amounts of coffee t
wolverine [178]

Answer: The correct answer is "a. Opportunity".

Explanation: This would be considered an <u>OPPORTUNITY</u> for BruceCo.

This situation according to the SWOT analysis, represents an opportunity for BruceCo because the announcement of an authority reported on a benefit of coffee consumption, and this small coffee producer, can take advantage and exploit this announcement in order to increase its sales.

3 0
3 years ago
Sarah grows rosebushes that she decided to sell online. She ships them using an airline. If a rosebush dies, to whom is the carr
Tpy6a [65]

If the rosebush dies while in transit, the carrier will be liable to Sarah, the principal.

<h3>Who is the carrier liable to?</h3>
  • The carrier will be liable to the person that it engaged in a business transaction to ship goods to another person.

In other words, the carrier will be liable to Sarah because it was Sarah that they got into business with. Sarah will then be liable to the buyer for the death of the rosebush.

In conclusion, option B is correct.

Find out more on liability at brainly.com/question/24777053.

7 0
3 years ago
Read 2 more answers
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