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Papessa [141]
3 years ago
12

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

Business
1 answer:
Alexus [3.1K]3 years ago
3 0

The amount of Doug's taxable income is <u>$27,700</u>.

<u>Explanation</u>:

<u><em>GIVEN</em></u>:

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 <u>$27,700</u>.

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Answer:

Devil's advocacy.

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3 years ago
The cost system best suited to industries that manufacture a large number of identical units of commodities on a continuous basi
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Process Costing

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7 0
4 years ago
Which of the following is an example of the barter system?
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Answer:

B. Taking a friend to lunch in return of a favor

Explanation:

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4 0
3 years ago
Which of the following skills is used by active listeners?
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Answer:

b. Long-term care insurance is allowed as a deduction, subject to a dollar limitation.

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3 years ago
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