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
sp2606 [1]
4 years ago
12

What item(s) are tax deductible for consumers who are buying or renting a home?

Business
1 answer:
olasank [31]4 years ago
4 0
Being a new home owner, I can tell you a few tax deductibles. They are:
1. Mortgage interest
2. Property taxes
3 Moving costs

You might be interested in
Gullett Corporation had $37,000 of raw materials on hand on November 1. During the month, the Corporation purchased an additiona
Vlada [557]

Answer: See explanation

Explanation:

The journal entry to record the purchase of raw materials is analysed below:

November:

Dr Raw materials $86000

Cr Cash or account payable $86000

It should be noted that as the raw material is increasing, the raw material account will be debited while as the cash or account payable I decreasing, it is credited.

8 0
3 years ago
Goal-setting theory is one of the most influential management practices. there is strong evidence that setting goals:______.
klasskru [66]

Goal-setting theory is one of the most influential management practices. there is strong evidence that setting goals increase employee engagement within the workplace.

In accordance with goal-setting theory, productivity can be increased by defining explicit, quantifiable goals. One may boost employee engagement while also enhancing employee performance in the workplace by implementing the goal-setting principle.

Goals should be sufficiently difficult to maintain employees' interest and concentration while carrying out the necessary tasks to accomplish each goal. Achieving goals that are overly time-consuming or simple may demotivate you and leave you feeling less satisfied with your accomplishments.

A key element of the goal-setting theory is feedback. To make sure tasks continue on track to accomplish the objective, frequent feedback should be given throughout the goal-achieving process.

Goals ought to be divided into smaller ones. A review and updating should be carried out once each smaller goal has been accomplished.

To learn more about Goal-setting theory refer to:

brainly.com/question/27333813

#SPJ1

5 0
2 years ago
Texas Inc. has 8,000 shares of 6%, $125 par value cumulative preferred stock and 83,000 shares of $1 par value common stock outs
vesna_86 [32]

Answer:

the annual dividend on the preferred stock is $60,000

Explanation:

The computation of the annual dividend on the preferred stock is shown below:

= Number of shares × par value per share × dividend percentage

= 8,000 shares × $125 × 6%

= $60,000

Hence, the annual dividend on the preferred stock is $60,000

We simply applied the above formula and the same is relevant

8 0
3 years ago
XYZ Company received $18,000 on April 1, 2020 for one year's rent in advance and recorded the transaction with a credit to a nom
djverab [1.8K]

Answer:

Dr Rent revenue

Cr Unearned rent revenue, $4,500

Explanation:

Preparation of XYZ Company Journal entry

Since we were told that the Company received the amount of $18,000 on April 1, 2020 for a one year's rent paid in advance in which the transaction has a credit to a nominal account, this means we have to record the transaction by Debiting Rent revenue with 4,500 and Crediting Unearned rent revenue, with the same amount of $4,500 calculated as

(3/12 x $18,000 ).

Dr Rent revenue

Cr Unearned rent revenue, $4,500

(3/12 x $18,000 )

7 0
3 years ago
You are considering purchasing a stock that currently sells for $50. The expected price of the stock in a year is $45, and durin
Verizon [17]

Answer:

The holding period return of the stock is - 6 %  or - 6.0%

Explanation:

Solution

Given that:

You are thinking of purchasing a stock that currently sells for= $50

The expected price of the stock =$45

Dividend expected to be paid =$2

Risk free rate = 5%

Market return = 10%

Stock (beta) = 0.85

We will now find the holding period return of the stock which is given below:

The formula for calculating the holding period return of a stock is  given as,

= The Expected price in a year + Dividend earned during the year – Purchase Price  / Purchase Price

We recall that:

The Purchase Price = $ 50  

Expected price in a year = $ 45

Dividend earned during the year = $ 2

Now,

By Applying the above values in the formula we have the holding period return of the stock as :

=  [45 + 2 – 50] / 50

= - 3 / 50

= - 0.0600 = - 6.00 %

= - 6.0 % ( when rounded off to one decimal place )

Therefore, the Holding period return of the stock is - 6 %  or - 6.0%

8 0
3 years ago
Other questions:
  • Marina Lyon works as a reservation executive at a travel and tourism company. Though her job requires her only to efficiently bo
    15·1 answer
  • Explain why identity theft protection is more necessary now than ever before, especially for young adults. Provide your answers
    14·2 answers
  • The unadjusted balance of the Allowance for Doubtful Accounts of Johnston Supplies, Inc. is a credit balance in the amount of $2
    8·1 answer
  • Moran Company uses a job order cost system and has established a predetermined overhead application rate for the current year of
    13·1 answer
  • You and your friends want to buy a condo at the beach to time share. Each of you has single peaked preferences with a most prefe
    14·1 answer
  • The debt owed to a bank​
    7·1 answer
  • In the two-country model of international labor mobility:________
    6·1 answer
  • Suppose that China is a small country of peanuts import, and the demand and supply of peanuts are as follows:
    8·1 answer
  • When attempting to evaluate the worthiness of a corporate level strategy, one would consider whether the:
    9·1 answer
  • A company has net income of $2,800,000. it also has 400,000 weighted-average common shares outstanding and a price-earnings rati
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!