1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
seraphim [82]
3 years ago
7

For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross inco

me. True False
Business
1 answer:
Elina [12.6K]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

The Adjusted Gross Income (<em>AGI</em>) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in <em>Form 1040</em> (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.

You might be interested in
Which two answers identify the two middle core processes, i.e. core process 3 and 4? (choose two)​
Maksim231197 [3]

Answer:

c. ​ Understand the details of the problem

d. ​ Design the components

Explanation:

Systems development life cycle (SDLC) consists of six main phases:

  1. System planning
  2. System analysis: involves understanding the details of the problem to be solved by the proposed system. What are the end-users' requirements and expectations?
  3. System design: involves designing the components, elements interfaces and architecture of the proposed system.  
  4. System implementation and deployment
  5. System testing and integration
  6. System maintenance

6 0
3 years ago
John would like to move from the suburbs into the city, but the rent in the city is very high. John has found an apartment he re
gavmur [86]
He should just stay where he is and save up his money.Or he can try to find a different apartment.
4 0
3 years ago
As the price of a good increases, all else being equal, consumers will likely purchase _____.(1 point)
Olegator [25]

Answer:

less of the good because substitutes have become relatively more expensive

8 0
3 years ago
Ranger Inc. would like to issue new 20-year bonds. Initially, the plan was to make the bonds non-callable. If the bonds were mad
meriva

Answer:

c. The required rate of return would increase because the bond would then be more risky to a bondholder.

Explanation:

Options to the question are <em>"a. There is no reason to expect a change in the required rate of return.    b. The required rate of return would decline because the bond would then be less risky to a bondholder.    c. The required rate of return would increase because the bond would then be more risky to a bondholder.    d. It is impossible to say without more information.    e. Because of the call premium, the required rate of return would decline."</em>

<em />

Bonds will be usually called back when the new interest rates are lower, this will lower the interest income of the investors. However, call premium cannot always compensate all the income loss by investors.

6 0
3 years ago
______ is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific produc
Stella [2.4K]

Answer:

Sales Incentives

Explanation:

Sales Incentives is a form of sales promotion in which sales personnel are incentivized to expend greater effort selling a specific product or brand. When salesperson is given some kind of incentives for selling a product or service, the amount or benefit paid to him other than his fixed salary is know as Sales incentive. It is paid basically to motivate him for selling the product, or keep him motivated for selling the larger amount of products.

By using the sales incentives company cant not only increase its sales but also can compete with other companies in retail format and overall. When the particular company's sales team will be more motivated by this technique then surely they will gather more traffic towards them and then converting that traffic into sales number.

3 0
3 years ago
Other questions:
  • Personal finance help please!!
    12·1 answer
  • You work for an automotive parts distributor based in Ohio that is expanding operations in China. Management and operations empl
    11·1 answer
  • The amount of taxes a business owes is a/an
    15·1 answer
  • A review of the ledger of Wildhorse Company at December 31, 2020, produces the following data pertaining to the preparation of a
    9·1 answer
  • Which of these is the biggest challenge to saving money? Employer incentives Advertising campaigns Instant gratification Social
    9·2 answers
  • Which of the following is an example of investment (I) Group of answer choices a. new plants and equipment purchased by a firm.
    10·1 answer
  • The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $12,000 Current assets $2
    15·1 answer
  • U Co. had cash purchases and payments on account during the current year totaling $455,000. U's beginning and ending accounts pa
    13·1 answer
  • The following information pertains to Blue Flower Company. Assume that all balance sheet amounts represent both average and endi
    14·1 answer
  • Investor A has an initial wealth of $100 and a utility function of the form: U(w) = log(w) where w is her wealth at any time. In
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!