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2 years ago

Which of the following is not allowed as an itemized deduction?

Business

2 answers:

Readme [11.4K]2 years ago

7 0

D) magazines can only be deducted if purchased for a business.

My name is Ann [436]2 years ago

7 0

Answer:

your answer is d) A subscription to the Wall Street Journal to help with personal investment decisions.

Explanation:

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Several employees at a fast-food restaurant call in sick at the last minute. The manager tries to fill in but doesn't know how t

VikaD [51]

Answer: Trained incapacity

Explanation: In simple words, it refers to the idea that after gaining a certain kind of education, skill or experience etc. the level of thinking of an individual cannot go beyond a certain limit.

In the given case, the manager was the upper level employee and was not habitual to the work that was performed by the workers in the restaurant.

Therefore this position in the workplace limited his skills of performing only the managerial work.

Hence from the above we can conclude that the above case depicts trained incapacity.

3 0

2 years ago

Fred and Lucy are married, ages 33 and 32, and together have AGI of $120,000 in 2019. They have four dependents and file a joint

algol13

Answer:

$3,800

Explanation:

According to the scenario, computation of the given data are as follow:-

Particular Amount ($)

Bills of doctor and dentist and hospital expenses 9,200

Less-received an insurance reimbursement 4,400

Add-prescribed medicines and drugs 3,000

Add-high deductible health insurance policy 5,000

Total expenses 12,800

Less- AGI’s 7.5% ($120,000 × 7.5% ) $9,000

After Deduction medical expenses for 2019 $3,800

Contribution of $2,600 to a qualification health savings account is a deduction for AGI. So it is not calculated in deduction.

According to the analysis, option (C) $3,800 is correct.

3 0

2 years ago

Moates Corporation has provided the following data concerning an investment project that it is considering:

Vlad1618 [11]

Answer:

$144,128

Explanation:

The net present value is the present value of after tax cash flows from an investment less the amount invested.

NPV can be calculated using a financial calculator:

Cash flow in year 0 = $-250,000

Cash flow each year from year 1 to 4 = $119,000

I = 8%

NPV = $144,143

To find the NPV using a financial calacutor:

1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.

2. After inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.

3. Press compute

I hope my answer helps you

5 0

3 years ago

A typical American worker covered by unemployment insurance receives _____ percent of his former wages for up to ________ weeks.

erica [24]

Answer:

correct answer is 50% and 26 weeks

Explanation:

solution

American worker wage replacement rate for the minimum wage worker is 50 percent of former wage

and weekly benefit for the full time and full year worker earn minimum wage they not replace 50 percent of lost income

and worker run out of benefit prior to standard that is 26 weeks

so correct answer is 50% and 26 weeks

5 0

3 years ago

Your employees have an average salary of $37,000 per year. Their benefits, health insurance and a retirement plan, are worth $22

const2013 [10]

Answer:

i think that answer 15%percentage

4 0

2 years ago