1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Artemon [7]
3 years ago
11

Brandon and Jane Forte file a joint tax return and decide to itemize their deductions. The Fortes' income for the year consists

of $119,900 in salary, $950 interest income, $1,450 nonqualifying dividends, and $950 long-term capital gains. The Fortes' expenses for the year consist of $2,950 in investment interest expense and $890 in tax preparation fees. Assuming that the Fortes' marginal tax rate is 32 percent and they make no special elections, what is the amount of investment interest expense deduction for the year
Business
1 answer:
Dmitrij [34]3 years ago
7 0

Answer:

$2,400

Explanation:

The computation of the investment interest expense is shown below:

Investment interest expenses is

= Interest Income + Non-qualifying dividends

= $950 + $1,450

= $2,400

We simply added the interest income and the non qualifying dividend so that the investment interest expense could come and the same is considered

Plus the investment interest income is $2,950 which exceeded than the $2,400 so $2,400 would be considered

You might be interested in
Outback Steakhouse wants to expand its line of food products. The managers sent surveys to customers to determine which food ite
Anettt [7]

Answer:

Letter e is correct. Idea generation.

Explanation:

Outback through customer survey seeks to identify which items meet the needs of your target audience so you can expand your food product line. The Outback Idea Generation technique is a technique used by companies to achieve the innovation needed to develop new activities and organizational improvements, as well as to solve problems and opportunities more efficiently and systematically.

3 0
3 years ago
Dennis, age 25, needs lifetime life insurance protection. His agent showed him a chart displaying yearly renewable term premiums
Sveta_85 [38]

Answer:

Dennis, age 25, needs lifetime life insurance protection. His agent showed him a chart displaying yearly renewable term premiums and level-premiums for the next ten years. The level premiums were always higher than the yearly renewable term premiums. Based on this chart, Dennis is convinced he should purchase yearly renewable term insurance. What is Dennis overlooking?

"Age" and "Amount of coverage" is the important factor that is being overlooked.

Explanation:

"Age" and "Amount of coverage" is the important factor that is being overlooked.

In level premium insurance, premium prices remain unchanged throughout the term whereas, in yearly renewable term premiums, premium rates rise as the policies age.

Additionally, in level premium, the amount of coverage offered increases over time at no additional expense.

4 0
3 years ago
What criteria must your employer-provided PPE meet?
galben [10]

The employee PPE meet must contain the adequate equipment that the equipment is adequate to protect the work place and the workers from the hazardous accidents

Explanation:

There are many PPE standards and all must ensure that the PPE meet their standards and they provide face protection and the eye protection and the other additional protection

The need to check the standard is completely voluntary and they must make clear that they are under the safety conditions and there are some items that the must pay for is for their boots and shoes the safety glasses and the safety googles

8 0
3 years ago
Which of the following statements is true regarding variable costing?Multiple Choice
pentagon [3]

Answer:

a

Explanation:

8 0
3 years ago
Read 2 more answers
Ursula wants to buy a $19,000 used car. She has savings of $2,000 plus an $800 trade-in. She wants her monthly payments to be ab
kow [346]

Answer:

Explanation:

Ursula needs $19,000 or in other words FV (Future value)

She has savings of $2000 and trade in of $800 or in other words she has $2800. She needs to borrow $16200 (19000-2800)

Also, she wants monthly payment to be $282. To find which answer fits best, let's check each of them.

A) APR =78% or mothly rate of 78/12 = 6.5%; 48 months

Using financial calculator:

Rate = 6.5%

n = 48

PV = $16200

Find PMT? PMT = 11068

This is not the right answer

B) APR = 78%, monthly rate=6.5%

n = 60

PV = $16200

Find PMT? PMT = 1077.6

This is not the right answer

C) APR = 7.8%; monthly 0.65%

n =72

PV = $16200

Find PMT? PMT = 282.4

This is the correct option

Answer is - C

6 0
3 years ago
Read 2 more answers
Other questions:
  • You have the opportunity to invest in several annuities. Which of the following 10-year annuities has the greatest present value
    5·1 answer
  • Bargaining power of buyers tends to be higher when a company sells a popular product to multiple buyers than when a company is d
    6·1 answer
  • Which answer best describes an unsubsidized federal loan?
    10·1 answer
  • A commercial oven with a book value of $67,000 has an estimated remaining 5 year life. A proposal is offered to sell the oven fo
    14·1 answer
  • A nurse manager is preparing to talk to her staff about quality improvement at a staff meeting. Which statement below is a corre
    5·2 answers
  • The minimum efficient scale is:Group of answer choicesthe minimum output level where the firm’s average total costs are lowest
    11·1 answer
  • Select all the words that are associated with Demand
    10·1 answer
  • Two managers in the research and development department of a company disagree on whether their organization should outsource dev
    13·1 answer
  • aner, Harris & Chan is a consulting firm that specializes in information systems for medical and dental clinics. The firm ha
    13·1 answer
  • Consider the following financial statement information for the Hop Corporation:
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!