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Nuetrik [128]
3 years ago
14

Samantha, who is single and has MAGI of $36,000, recently was employed by an accounting firm. During the year, she spends $1,650

for a CPA exam review course and begins working on a law degree in night school. Her law school expenses were $4,275 for tuition and $900 for books (which are not a requirement for enrollment in the course).
Assuming no reimbursement, how much can Samantha deduct for the:

a. CPA exam review course? $X

b. Law school expenses? $X
Business
1 answer:
jek_recluse [69]3 years ago
7 0

Answer:

a) $0

b) $4,000

Explanation:

a)

No deduction will be allowed to samantha for the amount spent on CPA exam review course.

So, Samantha can deduct $0.

b)

Under section 222 of IRS Code, maximum amount of deduction allowed to tax payer (whose adjusted gross income is less than $65,000) on account of tuition fees and other education expenses is $4,000.

So, Samantha can deduct $4,000.

Hope this helps!

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Answer:

Threat assessment includes in depth analysis of a risk occurence and its impact on the organization, both in financial and non financial aspects are considered.

Explanation:

The last questions listed is relevant to threat assessment because threat assessment is acknowledging what impact a particular outcome poses on the organization operations or organization as a whole. Whereas the first question was of risk management procedure which talks about how a risk must be mitigated to make ensure a safe future of the organization.

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3 years ago
Consider the following list of items: Food Electric bill Clothing Health insurance These are all examples of:
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These are all expenses because they cost you money each month.

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Hope this helps

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3 years ago
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Find the average variable cost for producing 18 sneakers. Round your answer to the nearest hundredth.
murzikaleks [220]

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7 0
3 years ago
You want to construct a portfolio containing equal amounts of U.S. Treasury bills, stock A, and stock B. If the beta of the stoc
7nadin3 [17]

Answer:

beta of stock B = 1.33

Explanation:

the beta of treasury bills is 0

the beta of stock A = 1.46

the beta of stock B = ?

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3 years ago
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