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bazaltina [42]
3 years ago
9

According to income tax law, John could adjust the cost basis of his personal residence for which of the following items?A. Inte

rest on the home loanB. Cost of adding a new garageC. DepreciationD. Cost of replacing the water heater
Business
1 answer:
UNO [17]3 years ago
8 0

Answer:

The correct option is B

Explanation:

According to income tax laws, an individual will pay mess capital gains tax when his basis in an asset is higher. From the example, John has a personal residence and to increase his basis, he needs to think of what to add to the residence such that the selling price would increase and thus capital gain tax will reduce. From the option, the best and likely thing that would increase the basis of his asset (the house) and lead to an increase selling price is adding a new garage.

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goblinko [34]

Answer: D) economies of scale.

Explanation:

Economies of scale refers to when an entity is able to reduce its total costs as quantities of the good causing the costs increase.

Financial Intermediaries such as Commercial banks, Mutual funds, Investment banks etcetera have a lot of funds available for trade which they use to execute large trades. As a result, the costs on average are lower or them per transaction as opposed to traders executing with lower volumes. For example, when purchasing shares they will be able to negotiate better fees with stockbrokers because they are buying a lot of shares as opposed a single buyer trading.

7 0
3 years ago
Explain the relationships between a firm’s short-run production function and its short-run cost function .Focus on the marginal
VMariaS [17]

Answer:

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Explanation:

4 0
3 years ago
according to age-earnings data, group of answer choices high earnings are due to motivation and innate ability, rather than educ
Delvig [45]

One of the indicators used in research on income levels is age. The result of research on age-earnings data is that investments in education result in higher earnings. Hence, the correct option is (D).

<h3>What is the Relationship Between Education and Earnings?</h3>

Based on the results of the research, it was found that people who have a higher level of education tend to have a higher level of income. This makes sense because, with a high level of education, a person basically has higher job opportunities. In addition, the knowledge possessed by someone with higher education allows that person to find the most appropriate solution to problems that exist in the business world.

Learn more about the relationship between employment and education at brainly.com/question/29338947

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3 0
1 year ago
You see a television commercial for a product you may want to buy, and there is a telephone number you must call to place an ord
bulgar [2K]

Answer:

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Explanation:

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8 0
3 years ago
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Answer:

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Explanation:

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