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9966 [12]
3 years ago
9

Which item(s) are tax deductible for consumers who are buying or renting a home?

Business
2 answers:
castortr0y [4]3 years ago
6 0

A deductible expense is one you can subtract from your taxable gross income.

For consumers who are buying or renting a home deductible tax is the interest and property tax portions of your mortgage payment, medical bills, etc. After you purchase a home, you are allowed to deduct all of your interest payments on any mortgage up to $750 million.

Mumz [18]3 years ago
5 0
<span>You can deduct the interest and property tax portions of your mortgage payment, medical bills, etc.

</span>
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Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in a(n)
oee [108]

Consumers are required to apply their skill or analytical or creative thinking to try to win a prize in contests.

Analytical or creative thinking:

While creative thinking is occasionally referred to as "lateral" thinking, analytical thinking is also known as logical thinking. Others go further to highlight the idea by comparing it to whether thinking is more left-brain (analytical) or right-brain (creative).

Converging on facts, data, knowledge, judgment, experience, and wisdom in quest of the best answer is known as analytical thinking. Diverging one's thinking to consider a wide range of possibilities is the act of being creative.

It's common for people to identify themselves as either analytical or creative thinkers, and to some extent, this is true because most people tend to lean more toward one or the other. But skills are frequently less natural than people believe.

Learn more about Analytical or creative thinking here:

brainly.com/question/27276969

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7 0
2 years ago
If a gain of $7,600 results from selling (for cash) office equipment having a book value of $55,100, the amount reported in the
Alisiya [41]

The amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

<h3>Cash flow from operating activities sections:</h3>

Based on the information given the amount that will be reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is the gain amount of $7,600.

This  gain is the gain from selling office equipment and this amount must be deducted from net income in the operating activities section of the statement of cash flows.

The reason why we have to deduct the $7,600 is because under accrual basis of accounting  the amount represent a noncash addition to net income.

Inconclusion the amount reported in the Cash Flows from (used for) Operating Activities section of the statement of cash flows using the indirect method is $7,600.

Learn more about cash flow from operating activities sections here:brainly.com/question/25530656

3 0
2 years ago
Manny has his money in a savings account earning 3 percent interest. How long will it take his money to double?
Nostrana [21]
The answer  to your question is twenty-four years
4 0
3 years ago
Daphne is one of the three project managers at Virgo Inc., an art and design studio. Raymond and Gabriel, the other two project
Blababa [14]

Answer:

E) playing safe

Explanation:

Daphne is, as colloquially can be said, "playing it safe" within the company. She is a risk-averse individual who does not feel comfortable outside her comfort-zone, therefore, she tries to only work with projects that cater to her personal skills and experience, even if this strategy causes distress to the other two project managers.

7 0
3 years ago
​_______________ refers to the broad set of activities carried out by organizations to analyze sourcing​ opportunities, develop
Solnce55 [7]

Answer:

Supply Management

Explanation:

Supply Management -

As the name suggests , it is the management of the supply , it is also known as procurement .

In a business or company , the method to determine and manage the resources and the suppliers which are required for the business , is referred to as supply management .

The focus of the people working in the supply management is -

cost control , collecting data and information , risk management etc.

Hence , from the given information of the question ,

The correct answer is supply management .

7 0
3 years ago
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