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Ymorist [56]
3 years ago
9

Bill, age 65 has 2020 unreimbursed medical expenses totalling $20,000 and an adjusted gross income of $170,000. How much of thos

e medical expenses can he deduct?
Business
1 answer:
svp [43]3 years ago
7 0

Answer:

$7,250

Explanation:

You can deduct medical expenses <u>that exceed</u> 7.5% of your AGI (changes, but is currently at this level).

170,000 x .075 = 12,750

20,000 - 12,750 = $7,250

I hope this helps!

-TheBusinessMan

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In September 2000 the Pullman Group arranged a bond issue for the estate of the late Marvin Gaye. The collateral on the bonds (a
nata0808 [166]

Answer:

The bond will sell for the amount of $869.17

Explanation:

According to the given data coupon amount = 50/2 = 25

Therefore, in order to calculate the selling price of the bond we would have to make the following calculation:

selling price of the bond = 25 * PVIFA(3%,52) + 1,000 * PVIF(3%,52)

selling price of the bond= 25 * 26.1662 + 1,000 * 0.2150

 selling price of the bond= $869.17

The bond will sell for the amount of $869.17

6 0
3 years ago
A _____ is a form of business ownership that is considered to be separate from its owners or stockholders.
Yuliya22 [10]
I think it's freelance but I could be completely wrong
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3 years ago
You purchased two WXO 30 call option contracts at a quoted price of $.35. What is your net gain or loss on this investment if th
tekilochka [14]

Answer: $670

Explanation:

Since the quoted price of $.35, the cost to purchase two WXO 30 call option will be: = $0.35 × 2 = $0.70

Then, the price of RADM 30 call option contract will be calculated as;

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= $3.70

The net gain on one RADM 30 call option will then be:

= $3.70 - $0.35

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3 0
3 years ago
The post-closing trial balance consists only of Group of answer choices Asset and liability accounts. Nominal accounts. Revenue
mariarad [96]

Answer:

Permanent accounts

Explanation:

The post-closing trial balance consists only of permanent accounts. These permanent accounts are assets, liabilities, and equity. Permanent accounts are not closed when an accounting period ends. Temporary accounts (revenue, expense, dividend) on the other hand is a direct opposite as they are closed or cleared to zero when an accounting period ends.

4 0
3 years ago
An investment earned the following returns over a four-year period: 28 percent, 21 percent, 1 percent, and -36 percent. What is
riadik2000 [5.3K]

Answer:

A) 0.0618

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Variance is given by:

V = \frac{\sum(Xi - \mu)^2}{n}

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The mean investment return is:

\mu = \frac{0.28+0.21+0.01-0.36}{4} \\\mu = 0.035

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V = \frac{\sum(Xi - \mu)^2}{n}\\V = \frac{(0.28- 0.035)^2+(0.21- 0.035)^2+(0.01- 0.035)^2+(-0.36- 0.035)^2}{4}\\V= 0.0618

The variance of the returns on this investment is A) 0.0618.

4 0
3 years ago
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