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gregori [183]
4 years ago
8

g edna had an accident while competing in a rodeo. She sustained facial injuries that required cosmetic surgery. While having th

e surgery done to restore her appearance, she had additional surgery done to reshape her chin, which was not injured in the accident. The surgery to restore her appearance cost $ 9,000 and the surgery to reshape her chin cost $ 6,000. How much of Edna's surgical fees will qualify as a deductible medical expense (before application of the 10% -of-AGI floor)?
Business
1 answer:
DanielleElmas [232]4 years ago
7 0

Answer:

$9000 is a deductible medical expense.

Explanation:

Cosmetics surgery is necessary and deductible if the reason it was done was to enhance  her appearance arising from a form or kind of abnormality, personal injury or a disease that disfigures.<em>The $9000 cost that was paid because of the surgery due to the accident is deductible because the surgery was necessary while the $6000 paid for the unnecessary cosmetic surgery to reshapen the chin is not a deductible medical expense</em>.

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Suppose you bought a bond with an annual coupon of 7 percent one year ago for $1,010. The bond sells for $985 today. a. Assuming
butalik [34]

Answer:

(a) $45

(b) 4.45%

(c) 1.41%

Explanation:

a) Dollar return:

= Selling Price - Buying Price + Coupon

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= $45

b) Rate of return:

= Dollar return ÷ Buy price

= 45 ÷ 1,010

= 4.45%

c) Based on Fisher relation,

(1 + Nominal rate) = (1 + Real rate) × (1 + Inflation)

(1 + 4.45%) = (1 + Real rate) × (1 + 3%)

Therefore,

Real rate = 1.41%

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3 years ago
when the federal open market committee (fomc) directs that treasury securities be sold in the open market, this a) decreases the
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When the Federal Open Market Committee allows treasury securities to be sold in the open market, the result is a) decreases the money supply.

<h3 /><h3>What happens when treasury securities are sold?</h3>

When treasury securities are sold by the FOMC of the Federal Reserve, people will buy those securities which means that the Federal Reserve gets that money.

As a result, the money supply in the economy will decrease as the amount of money in the economy will be reduced by the amount that went to the Fed.

In conclusion, when treasury securities are sold on the open market, this decreases the money supply.

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"The use of a buyer's agent guarantees that the buyer will get a property for the lowest price possible" is NOT an advantage of buyer's agency.


It is true that the efforts that a buyer's agent exerts on behalf of the buyer cannot be compromised and that the buyers can freely communicate confidential information without fear that disclosing that information will weaken their negotiating position. The buyers will also have the benefit of a licensee's expertise in finding the right property, negotiating the purchase and attending to closing details.

However, using a buyer's agent won't guarantee that the buyer can get the best deal on a property; as a result, this is not one of the advantages of buyer's agency. The agent would only consider what is best for the buyer and not the cheapest.

Agents will also charge extra fees and commissions for representing their buyers. To avoid additional expenses, some buyers and sellers choose not to use an agent. In order to save more money and find a property for the lowest price, buyers should avoid using an agent and instead deal directly with the seller.

Learn what happens when there's no buyer agency agreement in place here: brainly.com/question/28066390

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1 year ago
The idea of efficiency often arises when measuring a society's well-being. There are two kinds of efficiency: productive efficie
satela [25.4K]

Answer:

The correct answer is letter "A": The maximum level of production of goods and services for a society.

Explanation:

Production efficiency or productive efficiency is the point in which an economy cannot increase output in a good or service without lowering the production level of another product. An economy that operates along its production possibility frontier (<em>PPF</em>)<em> </em>has maximized its production efficiency. In other words, that economy is working at its maximum possible level.

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Answer:

true

Explanation:

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