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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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A unique selling proposition is a unique benefit exhibited by product or brand that makes it unique or different from other brands or products.

6 0
3 years ago
Under the principles of agency law, any sale of goods by a salesperson in a store to a customer can be binding on the owner of t
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Answer: True

Explanation:

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This is why the Agent must act in the best interest of the owner because the owner could be held negligent for the actions of their agents. For instance, a salesperson will not be sued for a faulty equipment that caused harm but the store can.

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3 years ago
The Whistling Straits Corporation needs to raise $72 million to finance its expansion into new markets. The company will sell ne
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Which of the following is true about the ethics line
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Answer:

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Explanation:

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