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2 years ago

During 2018, Doug incurs the following deductible expenses:

Business

1 answer:

Alexus [3.1K]2 years ago

3 0

The amount of Doug's taxable income is $27,700.

Explanation:

GIVEN:

AGI = $35,000

State income taxes = $2300

Local property taxes = $3000

Medical expense = $800

Charitable contribution = $2000

Total deduction amount= State income taxes+Local property taxes+Charitable contribution

= 2300+3000+2000

= $ 7300

Total deduction amount= $7300

Taxable income= $35000- $7300

= $27,700

The amount of Doug's taxable income is $27,700.

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Answer:

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2 years ago

When evaluating a Website, which of the following statements might indicate the site is based on the author’s opinion instead of

lidiya [134]

It is from my experience since if it is from his experience then the author could tell us something like it is a beautiful place or it is very warm. based on these statements it is opinions since he doesn't have a fact do back it up. his experience tells us what he thought so it is his opinion

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3 years ago

Read 2 more answers

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased fr

andreyandreev [35.5K]

Answer:

Government policymakers decided to reduce the rate of inflation from 3% to 1.6%. As a result, the unemployment rate increased from 4.8% to 6.2%. The sacrifice ratio is:______

d. none of the above

Explanation:

a) Data and Calculations:

Old inflation rate = 3%

New inflation rate = 1.6%

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Ratio of old inflation rate to old unemployment rate = 3 : 4.8 = 0.625

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2 years ago

Horton Co. was organized on January 2, 2014, with 500,000 authorized shares of $10 par value common stock. During 2014, Horton h

Harrizon [31]

Answer:

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The computation of the balance in the treasury stock account is shown below:

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2 years ago

Legally a corporation is a thing that can endure beyond the natural lives of its members and that has incorporators who may sue

Fed [463]

Answer:

A) True

Explanation:

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Many corporations outlive their founders. The most famous companies were incorporated decades ago. A corporation is often described as a legal person. Its lifespan is not dependent on the lives of its owners.

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2 years ago

During 2018​, Doug incurs the following deductible​ expenses:

During 2018, Doug incurs the following deductible expenses: