Answer:
a)Randy received $2,800 of interest this year and no other investment income or expenses. His AGI is $75,000.
complete question
Explanation:
Randy can deduct $33,050 i.e. (30,250 + 2800)
The interest on the car loan is non-deductible personal interest. However, he can deduct all $30,250 of his interest on the home loan as an itemized deduction.
The interest margin of $5,325 is assumed to be investment interest and this itemized deduction is limited to net investment income.
The amount of $2,800 of interest income qualifies as investment income and since, Randy has no other investment expenses, the investment interest expense would be limited to his $2,800 in net investment income.
Answer:
False
Explanation:
Different levels of management have their information need, this can be classified as operational, tactical and strategic.
Operational information - are information relating to day to day routine of the entity, such information is needed by the lower level management.
Tactical information- are information which deals with decisions relating to the deployment of the various assets of an entity, this information is needed by middle level management.
Strategic information - This is information that relates to the strategic focus of an entity such information is for top level management..
Answer: The two parts of demand are:
• Willingness to buy
• Ability to pay
Explanation:
Demand simply refers to the amount of the goods and services which the buyers want to purchase at a certain price for a particular period of time.
There are two parts of demand which are the willingness of a buyer to purchase a certain good and also the ability to pay by the person.
Answer:
D. Whether to pay office workers a wage or a salary
Explanation:
The HR compensation functions entail rewarding employees for work done. Employee compensation includes monetary payments such as salaries, wages, overtime, profit sharing, allowances, or bonuses.
Non -monetary compensation includes benefits such as housings, paid car, insurance coverage, and stock ownership.
In consultation with the other managers, the HR managers determine the level and combination of compensation for every employee. HR has to decide whether to employ office workers on a part-time or full-time basis. Equally, HR determines whether to pay the office workers either a salary or wages.
International trade affect consumers such that B. Consumers have access to a greater variety of goods and services from other countries. Trade exists from one country to another and opens the goods of one country to another country. In this regard, consumers can enjoy a wider array of goods which they can use in their daily lives
