Answer:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
Explanation:
The amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 can be calculated using the following formula:
Interest expenses deductible = (Taxable interest / Total interest) * Interest expenses .................... (1)
Where;
Taxable interest = $1,200
Total interest = $6,000
Interest expenses = $500
Substituting the values into equation (1), we have:
Interest expenses deductible = ($1,200 / $6,000) * $500
Interest expenses deductible = 0.20 * $500
Interest expenses deductible =$100
Therefore, the amount of interest expenses that Jennifer can deduct from her tax return for tax year 2019 is $100.
In a market economy, like the one described in the question, there is the potential to achieve efficiency in production. This is because producers can choose what they produce and can focus on the products they are good at. This can help with economies of scale and efficiency.
Answer:
The initial problem of this question is you left out a bunch of context of what you are asking about.
Explanation:
learn how to use this website please.
