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
lora16 [44]
3 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]3 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.

You might be interested in
How many 1/7 inch pieces can be cut from a piece of ribbon 5/21 of an inch long
yawa3891 [41]

Hello there! :D

6 in' pieces can be cut! :D

7 0
3 years ago
Find the value of 2.<br> P<br> 2xº<br> 3<br> 3<br> R<br> 3<br> Q<br> please help!!
Minchanka [31]

Answer:

I'd say x=30

cause the angle is 60°

8 0
3 years ago
If f(x) = x^2 - 4x + 1, find the range of f(x).<br><br> {y: y ≥ -3}<br> {y: y ≥ 13}<br> all reals
Tomtit [17]
Hello : 
y= <span>x² - 4x + 1
calculate : x 
y = (x²-4x+4)-4+1
y+3 = (x-2)²
x exist : if   y+3 </span><span>≥ 0
y </span><span>≥ -3
the range is : </span><span>{y: y ≥ -3}</span>
8 0
3 years ago
2 gallons : 31 miles
Vika [28.1K]
15.5, because 31 divided by 2 is 15.5.  And all the other number divided by the number below them also turns out to be 15.5. 

Hope this helps. :)

7 0
3 years ago
Read 2 more answers
How much will you save if you buy an item listed at $75.50 at a 25% discount?
ankoles [38]
$18.88

You’d be saving 1/4th of $75.50
5 0
3 years ago
Read 2 more answers
Other questions:
  • What is the product of 1 1/3 and 5/6
    6·1 answer
  • Please help me get this question correct
    5·1 answer
  • When a figure is translated on a coordinate grid, what conclusion can you draw from the pre-image and image?
    7·1 answer
  • A. Calculate the median and interquartile range for each set of data. Make sure to label each measurement in your answer.
    8·1 answer
  • Solve 4 (x -3) +5x = -48<br><br> a. 9<br><br> b. 4<br><br> c. -4<br><br> d. all real numbers
    14·1 answer
  • The product of two consecutive positive integers is 132. What are the integers?
    12·1 answer
  • Simplify the expression:<br> 6(20 + 1)<br> =
    8·1 answer
  • What’s the range?????? :(
    10·1 answer
  • I NEED HELP ASAP PLEASEEE !!!!!
    15·1 answer
  • Un pueblo tiene 1500 vecinos de los que 975 viven de la pesca. ¿Que tanto por ciento son pescadores?
    7·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!