Answer:
The tax on hearing aid is $120 per unit.
Explanation:
The supply curve for hearing aid is a typical upward-sloping straight line, and the demand curve is a typical downward-sloping straight line.
A tax is imposed on each unit of hearing aid.
As a result of the tax, the equilibrium quantity of hearing aids decreases from 10,000 to 9,000.
The deadweight loss of the tax is $60,000.
Deadweight loss =
$60,000 =
$60,000 =
Tax =
Tax = $120
Cost recovery deduction = $1520
Solution:
Given data
purchase price = $38,000
used the car business = 80%
used the car personal = 20%
solution
cost recovery limit are,
cost recovery limit = asset value × statutory % × mid quarter convention
We recognize the 5-year MACRS convention of car and the depreciation rate of MACRS is 20 percent in the first year.
so we use MACRS statutory % method
cost recovery limit = $38000 × 5%
cost recovery limit = $1900
we know maximum limit is $3160
so cost of recovery is $1900
so,
cost recovery deduction is
cost recovery deduction = cost recovery limit - personal use
cost recovery deduction = $1900 - ( $1900 × 20% )
cost recovery deduction = $1520
Answer: $13,400
Explanation:
Current Assets are those that will be used up in a year and in this question are;
= Accounts Receivable + Inventory + Supplies + Prepaid rent + Cash
= 2,600 + 3,200 + 300 + 2,100 + 5,200
= $13,400
propertyIsEnumerable() The propertyIsEnumerable() method returns a Boolean telling if the specific property is enumerable and is the object's own property.
Enumerable properties are those with an internal enumerable flag set to true, which is the default for properties created through simple assignment or a property initializer. Object-defined properties, such as defineProperty, are not enumerable by default.
We must use the Object. defineProperty() method to create a non-enumerable property. This is a special method for creating objects with non-enumerable properties.
Learn more on enumerable-
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Answer:
A.- Randy can deduct $30,200 The interest on the loan of the car is nondeductible personal interest, but he can deduct all $28,000 on the home loan as an itemized deduction. The $4,200 of margin interests is likely investment interest, and this itemized deduction is limited oto net investment income. $2,200 of interest income qualifies as investment income and he apparently has no other invesstment expenses, the investment interest expense would be limited to Randy´s $2,200 in net investment.
B. He may deduct all %28,000 of his interest on the home loan