Answer:
$50,000
Explanation:
The computation of the interest expense for deduction is shown below:
= Interest on a mortgage on his home + Interest on a mortgage on his vacation home
= $40,000 + $10,000
= $50,000
All other information which is given in the question is not relevant for the computation part. Hence, ignored it
We simply add both types of interest related to a mortgage on the home
<u>Answer: </u>
Property tax: 1 percent charged on the value of all residential houses
Excise tax: $2 tax charged on each pack of cigarettes
Sales Tax: 7 percent charged on the purchase of all non-
necessary goods
<u>Explanation:</u>
Property tax is the tax that is charged on the property that is being purchased based on the tax rates in that jurisdiction where the property is located in. The property can be building or land. The value changes based on the developments that take place in the surroundings.
Excise tax are charged on specific goods like fuel, alcohol and cigarettes . These are international taxes charged within the country. They are generally charged on businesses. They are not paid directly by the consumers.
Sales tax is collected on the sales of goods or services. These sales tax are charged by the retailers to the customers which are then paid by retailers to the government.
Answer:
an executive summary is compelling which reveals the company's mission statement, along with a short description of its products and services. its also good to briefly explain why you're starting your company and include details about your experience in the industry that you're entering
Answer:
the financial accounting standard board
Answer:
The correct answers are "Increases the demand for; decreases"
Explanation:
Why might fiscal stimulus crowd out investment?
Fiscal stimulus that increases an existing government budget deficit, increases the demand for loanable funds, which decreases investment.
