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3 years ago

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

You can deduct the interest and property tax portions of your mortgage payment, medical bills, etc.

You might be interested in

The principle of comparative advantage asserts that a. the world price of a good will prevail in all countries, regardless of wh

Free_Kalibri [48]

Answer:

b. countries can become better off by specializing in what they do best.

Explanation:

Comparative advantage in economics is the ability of an individual or country to produce a specific good or service at a lower opportunity cost better than another individual or country.

The comparative advantage gives a country a stronger sales margin than their competitors as they are able to sell their specific products or render their peculiar services at a lower opportunity cost.

In 1817, David Ricardo who is an english political economist talked about the law of comparative advantage in his book “On the Principles of Political Economy and Taxation."

Also, the principle of comparative advantage asserts that countries can become better off by specializing in what they do best.

This simply means that, any country applying the principle of comparative advantage, would enjoy an increase in output and consequently, a boost in their Gross Domestic Products (GDP).

5 0

3 years ago

Ramakrishnan Inc. reported 2018 net income of $20 million and depreciation of $1,500,000. The top part of Ramakrishnan, Inc.'s 2

Afina-wow [57]

Answer:

$6,500,000

Explanation:

Calculation to determine the 2018 net cash flow from operating activities for Ramakrishnan, Inc.

Cash Flows from Operating Activities

Net income $ 20,000,000

Additions (sources of cash):

Depreciation $1,500,000

Increase in accrued wages and taxes $8,000,000

($43,000,000-$35,000,000)

Increase in accounts payable $9,000,000

($69,000,000-$60,000,000)

Less Increase in accounts receivable ($6,000,000)

($98,000,000-$92,000,000)

Less Increase in inventory ($26,000,000)

($170,000,000-$144,000,000)

Net cash flow from operating activities: $ $6,500,000

Therefore the 2018 net cash flow from operating activities for Ramakrishnan, Inc is $6,500,000

4 0

2 years ago

To what degree a country's legal system is based on the rule of law matters little in international business.

marissa [1.9K]

Rule of law is very important in case of country’s legal system

This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.

People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.

Learn more about rule of law at

brainly.com/question/820417

#SPJ4

3 0

1 year ago

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased,

Romashka-Z-Leto [24]

When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

Explanation:

Certain points that are to be kept in Mind when writing a Condolence Messages are:

Don't unintentionally say the wrong thing in a sympathy message
The Condolence message should be short and crisp
In the message try to recall a funny memory of the deceased.
In the message ,you should not simply sign rather mention your full first and surname.
Don't mention any financial obligation of the deceased or offer any financial help
Don't try to offer any other help like cooking a good meal

Thus we can say that ,When writing a message to express condolences, you should mention the loss tactfully, recognize the good qualities of deceased, assure the receiver of your concern, offer assistance, and conclude on a reassuring note.

3 0

3 years ago

Which of the following best explains why online retail companies have an

tekilochka [14]

Answer is D.

Explanation: They have a larger number of potential customers because people anywhere can buy from them.

5 0

3 years ago