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stellarik [79]
3 years ago
14

Ivan and Olga own a duplex. They collect the rents and make repairs to the property when necessary. That is, they are active par

ticipants in the rental property. During the current year, the duplex has gross rents of $16,000 and total allowable deductions of $31,000.What is the effect of the duplex rental on their taxable income if their AGI is
a) $87000? b)$122000? c) $155000? d)$139000?
Business
1 answer:
Rom4ik [11]3 years ago
4 0

Answer:

A. $155,000

Explanation:

The $25,000 rental real estate deduction is reduced when an individual's adjusted gross income exceeds $100,000. The amount of the reduction is $.50 for every $1 of adjusted gross income in excess of $100,000. Thus, the special rental real estate deduction is not available to taxpayer's whose adjusted gross income exceeds $150,000. Because Ivan and Olga have $155,000 of adjusted gross income, they are not allowed to deduct any of the $15,000 rental loss. The $15,000 loss is suspended as a passive loss and can be deducted in the following year against either passive income or under next year's $25,000 limit.

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Dell Computers wants to reach all potential users of their products, both industrial buyers and final consumers. They would most
Vera_Pavlovna [14]

Answer:

The correct answer is letter "B": national.

Explanation:

National advertising refers to a marketing strategy in which a company aims to offer a good or service in the same proportion all over a country. This advertising is massive and involves promoting the corporation's product through different mediums of communications such as <em>television, radio, newspapers, </em>or <em>billboards</em>. The campaign is directed to individual consumers and organizations.

5 0
3 years ago
A ________ is an intermediate step in the transition from a free trade area to a common market.
Natasha2012 [34]

Answer:

A <u>customs union</u> is an intermediate step in the transition from a free trade area to a common market.

8 0
2 years ago
The criteria that parties to a contract must be in agreement is also known as
irga5000 [103]

Answer:

C: Mutual Assent.

Explanation:

Mutual assent is a legal term which represents an agreement by both parties to a contract. When two parties to a contract both have an understanding of the parameters, terms and conditions surrounding a contract, it ultimately implies that they are in agreement; this is generally referred to as mutual assent.

Hence, the criteria that parties to a contract must be in agreement is also known as mutual assent.

<em>In a nutshell, mutual assent connotes agreement, acceptance and consent to a contract by both parties. </em>

7 0
3 years ago
Sari, a movie theater manager, recently implemented a policy stating that workers who are willing to work a double shift on Frid
e-lub [12.9K]

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soldiering

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8 0
3 years ago
Read 2 more answers
Consider the market for meekers in the imaginary economy of Meekertown. In the absence of international trade, the domestic pric
kotykmax [81]

Answer:

Export

true

Explanation:

Because the price of meekers in meekertown is lower than the world price for meekers, meekers from meekertown are cheaper. so if free trade is allowed, other countries would want to purchase meekers from meekertown because it is cheaper.

So, meekertown would export meekers if free trade is allowed.

When a country is too small affect the world price, allowing for free trade will always increase total surplus in that country, regardless of whether it imports or exports as a result of international trade.

this is so because if the country is efficient in production of a good (producing at a lower price when compared to the world price), export of the good would increase thus increasing producer surplus. if on the other hand, the country is inefficient in producing a good and the country allows for free trade, the country can import the good. this would increase consumer surplus.

4 0
3 years ago
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