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rusak2 [61]
4 years ago
10

Ricardo pays the following taxes during the year: Ricardo's Taxes Taxes Amounts Real estate taxes on his personal residence $2,5

00 Real estate taxes on rental property 2,000 State sales tax 600 State income taxes 4,000 City income taxes 1,000 Federal income taxes 5,400 What is the amount Ricardo can deduct for taxes as an itemized deduction for the year?
Business
1 answer:
exis [7]4 years ago
7 0
The answer is 5,000bdbrbgvtvdhdudidjrbrbfbtbfjf
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Question 6 of 10<br>3 Points<br>A body of the letter is composed of the:​
baherus [9]

Answer:

Introduction

The body of the letter is usually divided into the three paragraphs (one is the introduction, then supporting details, then conclusion of topic).

5 0
3 years ago
A year ago, you invested $12,000 in an investment that produced a return of 16%. What is your approximate annual real rate of re
Natali [406]

The approximate annual real rate of return is 14%.

16% - 2% = 14%.

Rate of Return = [ (Current Value − Initial Value) ÷ Initial Value ] × 100. Let's say you own a stock that started at $100 and went up to $110. Now you want to find out the rate of return. In our example, the calculation would be [ ($110 – $100) ÷ $100] x 100 = 10.

“The real rate of return formula is the sum of one plus the nominal rate divided by the sum of one plus the rate of inflation, which is then subtracted once. The real rate of return formula can be used to determine the effective rate of return on an investment after adjusting for inflation.” Real returns = (1 + nominal rate/1 + inflation rate) – 1

Rate of return = ( (value of investment after one year - initial investment) / initial investment) x 100 percent. Analyze your investment to obtain the values ​​necessary to calculate its initial rate of return. For example, consider a $25,000 investment that grows to $28,500 after one year.

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7 0
1 year ago
Accrual accounting: A. results in the balance sheet showing the fair value of the entity's assets. B. is designed to match reven
satela [25.4K]

Answer:

The answer is B. is designed to match revenues and expenses.

Explanation:

Accrual Accounting method records revenues and expenses when they are incurred, regardless of when cash is received or paid.

5 0
3 years ago
Extra units that are held in inventory to reduce stockouts are called a. demand variance. b. reorder point. c. safety stock. d.
vampirchik [111]

Extra units that are held in inventory to reduce stock outs are called just-in-time inventory. The term inventory refers to both the raw materials utilized in production and the finished commodities that are ready for sale. The first-in, first-out method, the last-in, first-out approach are used for inventory valuation.

Inventory turnover is a major contributor to revenue production and, subsequently, to profits for the company's shareholders, making it one of a company's most valuable assets. Work-in-progress items, finished goods, and raw materials make up the three categories of inventory. It is classified as a current asset on the asset side of a company's balance sheet.

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7 0
2 years ago
Q 9.30: On December 1, 2016, Acme Company places a new asset into service. The cost of the asset is $50,000 with an estimated fi
Nikolay [14]

Answer:

Annual depreciation 2017= $8,000

Explanation:

Giving the following information:

The cost of the asset is $50,000 with an estimated five-year life and $10,000 salvage value at the end of its useful life.

T<u>o calculate the depreciation expense under the straight-line method, we need to use the following formula:</u>

<u></u>

Annual depreciation= (original cost - salvage value)/estimated life (years)

Annual depreciation= (50,000 - 10,000)/5

Annual depreciation= $8,000

8 0
4 years ago
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