Answer:
$32,600
Explanation:
Calculation to determine her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard
Using this formula
Itemized deduction =(Financing amount * 6 percent)+(Additional amount borrowed*interest rate of 8 percent)
Let plug in the formula
Itemized deduction=( $350,000 * 6 percent)+($145,000 *8 percent)
Itemized deduction=($21,000+$11,600)
Itemized deduction=$32,600
Therefore her itemized deduction if she used the proceeds of the second loan to finish the basement in her home and landscape her yard wi be $32,600
Businesses decrease their incentives that will lead to minimizing their ability to carry out their part for social responsibility of the triple bottom line.
The bottom line is an obligation on businesses to not just look for their profit but include and maintain a good balance between these factors:
Similarly, businesses need to follow the Triple bottom line in these ways:
- Making sure that there is positive social welfare on their part.
- Maintain ecological footprint
Thus, by the looting of shops and malls, the ability of businesses to meet both their social responsibility and Triple bottom line is minimized and not as it was in normal conditions.
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With the assessed value of $64,120, and tax rate of 3.2%, the annual tax bill the Smith's expect to pay is $2,051.84.
<h3><u>
What is tax?</u></h3>
- Taxes are compulsory payments made by a government organization, whether local, regional, or federal, to people or businesses.
- Tax revenues are used to fund a variety of government initiatives, such as Social Security and Medicare as well as public infrastructure and services like roads and schools.
- Taxes are borne by whoever bears the cost of the tax in economics, whether this is the entity being taxed, such as a business, or the final users of the items produced by the business.
Taxes should be taken into consideration from an accounting standpoint, including payroll taxes, federal and state income taxes, and sales taxes.
Simply multiplying the value and rate, we get the annual tax as $2,051.84.
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D. would be the correct answer I believe!
Answer and Explanation:
The computation of the percentage of each amount is as follows;
<u>Particulars 2020 Change Percentage of change
</u>
a b (b ÷ a) × 100
Cash $170,000 $500,000 294%
Accounts Receivable $710,000 $270,000 38%
Inventory $520,000 $190,000 37%
Long Term Assets $2,100,000 -$200,000 -9.52%
Total Assets $3,500,000 $760,000 21.71%