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lora16 [44]
2 years ago
11

Jed is an electrician. Jed and his wife are accrual basis taxpayers and file a joint return. Jed wired a new house for Alison an

d billed her $15,000. Alison paid Jed $10,000 and refused to pay the remainder of the bill, claiming the fee to be exorbitant. Jed took Alison to Small Claims Court for the unpaid amount and was awarded a $2,000 judgement. Jed was able to collect the judgement but not the remainder of the bill from Alison. What amount of loss may Jed deduct in the current year?
Mathematics
1 answer:
tankabanditka [31]2 years ago
6 0

Answer:

$3000

Step-by-step explanation:

Assuming that the court didn't charge any legal fee to Jed and Jed also the lawyer for this case didn't charge him anything, Jed had personally planned to get $15,000. Subtracting the amount initially paid, $10,000, Jed still needs $5,000 from Alison. Assuming a fair judgement was made, giving Jed 2,000 and subtracting this from his expectation of $5,000 we remain with $3,000. Therefore, we can conclude that the $3,000 is the loss he should record out of this deal.

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In 1988, a certain model of car cost $17000. What would be the cost of that car in 2017 dollars?
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Answer:

$66,092.50

Step-by-step explanation:

In 1988, the car cost $17,000

Annual inflation over this period was 3.54% from 1988 to 2017

After adjusted for inflation, $17,000.00 in 1978 is equal to $66,092.50 in 2017

Therefore, the cost of that car in 2017 is closest to $66,092.50

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3 years ago
HELP!!! CORRECT ANSWER NEEDED OR ELSE I FAIL ;-; STUDY ISLAND !!
Ket [755]

Answer:

  B.  Step 2 uses the associative property, and step 3 uses the commutative property.

Step-by-step explanation:

The associative property lets you group terms for addition any way you like. It appears that in Step 2, the grouping is ...

  4 + (1/6 + 3) + 5/6

The commutative property lets you change the order of any pair of terms involved in addition. It appears that in Step 3, the order of the terms within the group has been swapped.

  4 + (3 + 1/6) + 5/6

_____

<em>Comment on associative and commutative properties</em>

What applies to terms in addition applies to factors in multiplication.

5 0
2 years ago
from a set of seven math books, nine science books, and five literature books, in how many ways can a student select two from ea
Over [174]
There are 7 math books, 9 science books and 5 literature books. Student has to select 2 books from each set.

This is a combination problem.

Number of ways to select 2 math books from 7 books = 7C2 = 21
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Number of ways to select 2 literature books from 5 books = 5C2 = 10

Total number of ways to select 2 books from each set = 21 x 36 x 10 = 7560 ways.

So there are 7560 ways to select 2 books from each set of seven math books, nine science books, and five literature books
6 0
3 years ago
If m&lt;BEG = (19x + 3)° and m&lt;EGC = (m&lt;GCB + 4x)°, which of the following statements is true about quadrilateral BEGC? Se
viktelen [127]

Answer:

The sum of all exterior angles of BEGC is equal to 360° ⇒ answer F only

Step-by-step explanation:

* Lets revise some facts about the quadrilateral

- Quadrilateral is a polygon of 4 sides

- The sum of measures of the interior angles of any quadrilateral is 360°

- The sum of measures of the exterior angles of any quadrilateral is 360°

* Lets solve the problem

- DEGC is a quadrilateral

∵ m∠BEG = (19x + 3)°

∵ m∠EGC = (m∠GCB + 4x)°

∵ The sum of the measures of its interior angles is 360°

∴ m∠BEG + m∠EGC + m∠GCB + m∠CBE = 360

∴ (19x + 3) + (m∠GCB + 4x) + m∠GCB + m∠CBE = 360 ⇒ add the like terms

∴ (19x + 4x) + (m∠GCB + m∠GCB) + m∠CBE + 3 = 360 ⇒ -3 from both sides

∴ 23x + 2m∠GCB + m∠CBE = 375

∵ The sum of measures of the exterior angles of any quadrilateral is 360°

∴ The statement in answer F is only true

3 0
3 years ago
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