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
iragen [17]
3 years ago
5

Sacha, a dentist, has significant investment assets. She holds corporate bonds, municipal bonds, stocks and mutual funds. Sacha

paid $1,500 to an investment adviser to conduct a portfolio review and to prepare a recommendation for rebalancing her portfolio. Which of the following statements is correct regarding the tax treatment of the $1,500 fee?A) Sacha can include the full fee as an investment-related expense in her miscellaneous itemized deductions.B) Sacha can include the full fee as an investment-related expense in her "for AGI" deductions.C) Part of the $1,500 fee will be disallowed due to the holding of the municipal bonds.D) The $1,500 fee is not deductible.
Business
1 answer:
erik [133]3 years ago
4 0

Answer:

C) Part of the $1,500 fee will be disallowed due to the holding of the municipal bonds

Explanation:

the investment-related expenses are deductible as the miscellaneous itemized deductions. in the case the tax-exemp securities are help, the proportionate investment-related expenses are allocated to these securities and the are not allowed since the income is tax-exempt.

You might be interested in
Review the scenario:
ankoles [38]

Answer:

w4

Explanation:

because its w4 because it explains its his first day on the job

4 0
3 years ago
Read 2 more answers
Evans Ltd. publishes a monthly newsletter for retail marketing managers and requires its subscribers to pay $60 in advance for a
Sav [38]

Answer and Explanation:

According to the scenario, computation of the given data are as follow:-

Total Sales = No. of Subscription Sold × Advance Price of Subscription

= 500 × $60 = $30,000

August Month Received Amount = (No. of Subscriber × Paid Amount) ÷ (1÷12 )

=(350×$60)÷1÷12

= $21,000 ÷ 12

= $1,750

Balance Sheet

Particular     Assets($)   Liabilities($)    Stockholder Equity($)   Income($)

Cash        36,000    

Unearned revenue      36,000  

Earned revenue       -1,800                                              -1,800

Total        36,000      34,200                                             -1,800

Income Statement

Income            Amount ($)                 Expense ($)      Amount ($)

Earned Revenue -1,800  

3 0
3 years ago
Marcus paid $35 to buy a potato cannon, a cylinder that shoots potatoes hundreds of feet. He was willing to pay $45. When Marcus
julsineya [31]

Answer:

The question is incomplete; Determine the consumer surplus from the original purchase and the additional surplus generated by the resale of the cannon.

Marcus' consumer surplus=  $45-$35= $10

Starling's consumer surplus= $80-60= $20

Marcus'  producer surplus = $60-35 = $25

Explanation:

5 0
3 years ago
If Sara just reconciled her checking account, what did she do?
hoa [83]
"In accounting, reconcile means to compare two sets of records to make sure they are in agreement"

She compared two sets of records for example checking and finance to make sure it's in agreement
3 0
3 years ago
A project manager determined that the project was running behind schedule. If she wants to shorten the total​ completion, which
jasenka [17]
B.Forecasting i believe
3 0
2 years ago
Read 2 more answers
Other questions:
  • There are three seating categories at a stadium. for a softball game, class a seats cost $15, class b seats cost $12, and class
    5·1 answer
  • For users at home, which file sharing is most likely the simplest to set up and use?
    13·1 answer
  • A company makes a product and has no way to determine which ones are faulty until an unhappy customer returns it. Three percent
    11·1 answer
  • What is the most likely reason why the author includes realistic elements in his description of the watchdog?
    9·1 answer
  • Aaron Company plans to issue a large stock dividend. In accounting for this transaction, what effects occur to the contributed c
    8·1 answer
  • In a planning context, A. open facts are preferred to closed facts. B. None of the choices are correct. C. new facts are preferr
    6·1 answer
  • hanif gives his neighbor carla his freshly grown tomatoes in exchange for her expert lawn care.What is hanif engaged in
    7·1 answer
  • Preferred stock which confers rights to prior periods' unpaid dividends even if they were not declared is called:
    13·1 answer
  • Enerico contributes $100,000 cash in exchange for a 40% interest in the calendar year ABC LLC. This year, ABC generates $80,000
    10·1 answer
  • You sold a car and accepted a note with the following cash flow stream as your payment. The effective price you received for the
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!