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EastWind [94]
3 years ago
10

Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowe

d $27,500 from County Bank and paid interest of $1,650. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for higher education expenses and interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.) a. Lionel's AGI before deducting interest on higher-education loans is $50,000..
Business
1 answer:
UNO [17]3 years ago
7 0

Answer:

Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).

So Lionel will be able to deduct $1,650 as interest expense (above the line deduction).

Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.

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If managers are making decisions to maximize shareholder wealth, then they are primarily concerned with making decisions that sh
bogdanovich [222]

Answer:

It is to increase the market value of the firm's common stock (B)

Explanation:

Profits : it is subjective in nature and can be manipulated. Hence, it is not good measure of shareholders wealth maximization.

Increase the market value of the firm's common stock : This is difficult to manipulate because it results from long-term view of business performance through investment in a viable projects . When the company produces good result that give investors good return for their capital, this will have a positive market impact on the share price of the company.

5 0
4 years ago
You need a 35-year, fixed-rate mortgage to buy a new home for $295,000. Your mortgage bank will lend you the money at an APR of
Anika [276]

Answer:

$434,780.69

Explanation:

The computation of the large the ballon payment would be is determined by using the future value formula i.e. to be shown in the attachment

Provided that

Present value = $295,000

Rate of interest = 5.9% ÷ 12 months  = 0.49166%

NPER = 35 years × 12 months = 420 months

PMT = $1,350

The formula is shown below:

= -FV(Rate;NPER;PMT;-PV;type)

So, after applying the above formula, the future value is $434,780.69

8 0
3 years ago
A party who agrees to act on behalf of another person or party is called a( n ) ________.
IceJOKER [234]
<span>A party who agrees to act on behalf of another person or party is called an agent.</span>
6 0
3 years ago
Jang-mi owns her own cleaning business and posts on local message boards online to advertise her business. Customers can reach o
____ [38]

(C) Direct marketing.

<h3>What is telemarketing?</h3>
  • Telemarketing is a form of direct marketing in which a salesman calls potential clients to ask them to purchase goods or services.
  • This can be done over the phone, during a prearranged in-person meeting, or by web conferencing.
<h3>What is microtargeting?</h3>
  • Direct marketing datamining techniques that use predictive market segmentation are part of microtargeting, which is frequently used by political parties and election campaigns.
<h3>What is direct marketing?</h3>
  • The act of presenting an offer directly to a target client and providing them with a way to respond immediately is known as direct marketing.
  • It is sometimes referred to as direct response marketing among practitioners.
  • Advertising, in contrast, is a form of mass messaging.
<h3>What is the sharing economy?</h3>
  • The sharing economy is a socioeconomic structure based on capitalism that emphasizes resource sharing.
  • It frequently involves a different method of buying goods and services than the conventional business model, which involves employers hiring workers to create commodities that are then sold to customers.

Therefore, the correct answer is (C) Direct marketing.

Know more about direct marketing here:

brainly.com/question/14457086

#SPJ4

3 0
2 years ago
Which of the following is an example of direct labor cost for a cell phone manufacturer? a.salary of plant supervisor b.cost of
insens350 [35]

Answer:

d.cost of wages of assembly worker

Explanation:

The following are not related to cost of producing the cell phone because

a.salary of plant supervisor: Overall supervisors are accountable of various product of the organisation for example the plant might have five outputs with the cell phone being one of them therefore his/her labor costs are not related to a certain product.

b.cost of phone components : Direct labor is related to cost of paying workers in an organisation therefore cost of phone components doesn't have anything to do with people.

c.cost of oil lubricants for factory machinery : explanation is the same as in b

d.cost of wages of assembly worker : the worker the directly linked to the production of the product thus his/her wages are a direct labor cost to the manufacturer.

5 0
3 years ago
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