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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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I'm pretty sure its 2346

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Answer:

The monarchs continued to challenge Parliament's authority.

Explanation:

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Therefore, option C is correct.

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3 years ago
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Suppose you graduate with an accounting degree and then become a certified public accountant. You work for a big firm, but are o
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The answer is: marginal tax rate

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3 0
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Daniel goes on vacation for four weeks. When he returns the company puts him on layoff for four weeks during which he waits to b
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