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Masteriza [31]
4 years ago
7

Robin, who is a head of household and age 42, provides you with the following information from his financial records for 2019. R

obin itemizes deductions. Regular income tax liability $142,125 PositiveAMT adjustments 30,000 AMT preferences 100,000 Taxable income 481,000 Calculate Robin's AMT for 2019. a.$12,636. b.$3,757. c.$12,032. d.$15,126.
Business
1 answer:
andre [41]4 years ago
7 0

Answer:

$15,158.

Explanation:

We can calculate the Robin's AMT for 2019 by first deducting the AMT exemption for 2019 and then multiplying it by the rate of 26% FOR 2019.

DATA

AMT preferences 100,000

PositiveAMT adjustments 30,000

Total AMT = $100,000 + $30,000 = $130,000

Solution

Exemption for 2019 = $71,700.

Robin's AMT for 2019 = ($130,000 - $71,700) × 26%

Robin's AMT for 2019 = $15,158.

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3 0
3 years ago
Assume that the interest rate on borrowings in Argentina is 3 percent, but the interest rate on deposits in British banks is 9 p
defon

Answer:

carry trade

Explanation:

Carry trade can b defined as borrowing funds at a low interest rate and then investing those funds in assets that generate a higher return. This way, you profit will be the difference between the higher rate of return yielded by the asset minus the low interest rate paid for the loan. Carry trade is a type of arbitrage since you are obtaining a good at a certain price (low interest rate) and placing it at a higher price (higher rate of return).

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All receivables that are expected to be realized within a year are reported in the __________ section of the balance sheet.
REY [17]

All receivables that are expected to be realized within a year are reported in the

Reconstruction

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Reconstruction

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federalism

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Reconstruction

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6 0
2 years ago
A check list should be based on past____?
Jet001 [13]
Is there any choices?
6 0
4 years ago
Read 2 more answers
ransfers real estate worth $180,000 (basis of $40,000) andservices (worth $20,000) rendered in organizing the corporation. Each
MrRissso [65]

Answer:

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Emily's basis for Red Corporation's stock = real estate ($40,000)  + service ($20,000) = $60,000

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Even though both Emily and Sarah received 600 shares each, the basis for her tax calculations are different.

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