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emmasim [6.3K]
3 years ago
7

Jessica is a U.S. Army Reservist and in 2019 traveled 130 miles each way to serve duty at a local military installation. She was

required to report four times in 2019. Her normal route from home to the base included a $1.75 toll each way. Jessica's for AGI deduction for these costs is:________.
a. $0.
b. $14.00.
c. $122.00.
d. $566.80.
e. $580.80.
Business
1 answer:
faust18 [17]3 years ago
4 0

Answer:

Jessica's for AGI deduction for these costs is:

b. $14.00.

Explanation:

The aggregate gross income (AGI) can be defined as the total amount of income that an individual earns and is used in calculating the amount of income tax that an individual is liable to pay. The AGI can be expressed as follows;

AGI=T×N×W

where;

AGI=aggregate gross income

T=toll amount per way

N=number of times she reported

W=number of way

In our case;

AGI=unknown, to be determined

T=$1.75

N=4

W=2

Replacing;

AGI=(1.75×4×2)=$14.00

Jessica's for AGI deduction for these costs is:

b. $14.00.

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Answer:

Company should continue with old machine (Alternative 1)

Explanation:

Preparation of a differential analysis dated April 11 on whether to continue with the old machine (Alternative 1) or replace the old machine (Alternative 2)

DIFFERENTIAL ANALYSIS

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(11200*5 = -56000)

(7400*5 = -37000)

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Answer:

The answer is 17.67 years.

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Present value is $2,500

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Interest rate is 4%

Number of years or periods to reach this $5,000 is unknown. So we are looking for this.

To compute this number of periods, lets use Financial calculator.

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Answer:

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The formula for computing net income and return on assets is shown below and the computation is also made.

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4 0
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How does globalization affect your life?
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Explanation:

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