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
mash [69]
3 years ago
14

Will and Lyndsey are married with no dependents and file a joint tax return. In 2019, they paid $3,000 in qualified student loan

interest in addition to $22,550 in itemized deductions. What is the total of their "FROM AGI" deductions in 2019?
Business
1 answer:
wel3 years ago
7 0

Answer:

The total of their "FROM AGI" deductions in 2019 is $24,400

Explanation:

The computation of the total From AGI deductions is computed by considering

Larger amount of  

1. Itemized deductions - $22,250

2. Standard deductions - $ 24,400

Since the standard deduction for the married couple is $24,400 is larger than the itemized deduction. So, the total deduction in 2019 is $24,400

And, the student loan interest should not be considered. Hence, it is ignored in the computation part.

You might be interested in
A company has designed a new product and tested the prototype. what is the next step in product development?
ohaa [14]

Answer:

A company has designed a new product and tested the prototype. What is the next step in product development ? Test - market the product.

Explanation:

Answer option A) Test - market the product.

5 0
3 years ago
Neoclassical Model of Investment" (1 point): In class, we discussed the idea of net investment, and how it could change in respo
statuscvo [17]

Answer:

Take Note that the model has following relationship between investment and factors that affect it

Int = F(Ye, it, d, πe, tc, Kt-1)

Net investment is a function of

Expected output (Ye),

Rental or user cost of capital (such as nominal interest rate it),

Expected inflation (πe),

Corporate tax/ investment tax credit,

Existing stock of capital

For a given stock of capital,

A rise in expected output (Ye), increases investment

A rise in expected inflation (πe) increases investment

A rise in the investment tax credit increases investment.

A rise in nominal/real rate of interest decreases investment

A rise in corporate income tax decreases net investment

(a) Anti-inflationary monetary policy raises the real interest rate (r ↑). As mentioned, it will depress net investment as firms have to pay a higher rate of interest on the investment made. Such policy increases rental cost of capital and it will decrease the desired capital stock.

b) An earthquake destroys part of the capital stock (K ↓). This will reduce net investment, increases rental cost of capital and it will decrease the desired capital stock.

(c) Immigration of foreign workers increases the size of the labor force (L ↑). With more workers to share the capital stock, marginal producivity of capital rises and so net investment increases. This decreases rental cost of capital and it will increase the desired capital stock.

(d) Advances in computer technology make production more efficient (A ). This causes the net investment to increase as the marginal productivity of capital will increase. This decreases rental cost of capital and it will increase the desired capital stock.

Explanation:

6 0
3 years ago
MicroTech Corporation maintains a capital structure of 40 percent debt and 60 percent common equity. To finance its capital budg
timama [110]

Answer:

weighted cost of capital for next year is 10.27 %.

Explanation:

Weighted cost of capital = Ke × (E/V) + Kd × (D/V)

Ke = Cost of Equity

    = Dividend Yield + Expected growth rate

    = $1.30 / $30.00 + 0.07

    = 0.11333 or 11.33 %

Kd = Cost of Debt

     = Interest × (1 - tax rate)

     = 11% × ( 1 - 0.21)

     = 8.69 %

Weighted cost of capital =  11.33 % × 60% + 8.69 % × 40%

                                         = 10.27 %

5 0
2 years ago
Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,288,076
Xelga [282]

Answer:

Using the FIFO cost method:

beginning WIP 34,600 units

materials $79,000 (100% complete)

conversion $48,200 (30% complete, 70% remaining = 24,220 EU)

units started 662,700

materials added $1,594,520

conversion costs added $566,356

ending WIP 24,100

100% complete for materials

40% complete for conversion = 9,640 EU

units completed and transferred out = 34,600 + 662,700 - 24,100 = 673,200

units started and completed = 662,700 - 34,600 - 24,100 = 604,000

total equivalent units for the month:

materials 662,700

conversion = 24,220 + 604,000 + 9,640 = 637,860

total cost per EU:

materials = $1,594,520 / 662,700 = $2.4061

conversion = $566,356 / 637,860 = $0.8879

total = $3.294

cost of ending WIP:

materials = 24,100 x $2.4061 = $57,987

conversion = 9,640 x $0.8879 = $8,559.36 ≈ $8,559

total = $66,546

cost of units transferred out = $79,000 + $48,200 + $1,594,520 + $566,356 - $66,546 = $2,221,530

total units transferred out = 673,200

production cost per unit = $2,221,530 / 673,200 = $3.30

3 0
3 years ago
The $1,000 par value bonds of uptown tours have a coupon rate of 6.5 and a current price quote of 101.23. what is the current yi
Paul [167]

Hello, to get the current yield of the bond, determine first the<span> annual interest payment which is calculated as stated interest rate times the face value of the bond. In this question, the bond’s value is $1,000 and the stated interest rate is 6.5 percent, therefore, the annual interest payment is 65. Finally, the annual interest payment of 65 is divided by the current market price quote of 101.23 to get the current yield of 64.21%. Hope this helps.</span>

4 0
3 years ago
Other questions:
  • Define osmosis and predict the direction of water movement based on differences in solute concentrations.
    8·1 answer
  • Scoring at least 80 percent on the next anatomy test is a specific goal.<br> True or false
    7·2 answers
  • Brand differences are worth promoting if they satisfy certain criteria. What are these criteria? Briefly describe each of them.
    14·1 answer
  • Riverside Manufacturing designs and manufactures bathtubs for home and commercial applications. Riverside recorded the following
    14·1 answer
  • which of these is most appropriate closing for a business letter? a. respectfully, b. kind thoughts, c. until next time, d. chee
    7·2 answers
  • Based on the following data for the current year, what is the inventory turnover? Sales on account during year $700,000 Cost of
    5·1 answer
  • Applying the concept of opportunity cost to the pollution of a lake, an economist probably would conclude that: pollution should
    7·1 answer
  • Futures contracts on gold are based on 100 troy ounces and priced in dollars per troy ounce. Assume the January gold contract se
    14·1 answer
  • There are two ways to calculate the expected return of a​ portfolio: Either calculate the expected return using the value and di
    14·1 answer
  • Free pts <br>have a nice day​
    8·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!