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aleksandrvk [35]
3 years ago
6

4.

Business
1 answer:
valentina_108 [34]3 years ago
3 0
<span>Salary is the correct answer. </span>
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Sammy and Monica, both age 67, incur and pay medical expenses in excess of insurance reimbursements during the year as follows:
Mademuasel [1]

Answer:

The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

Explanation:

For the purpose of regular income tax, the deduction pertaining to medical expenses are available up to the extent it exceeds 10% of AGI.

Deduction available = excess expenses incurred - 7.5% of AGI

                                 = ($16,000  + 4,000  + 2,500 +5,000) - 7.5%*130000

                                  = 27500 - 9.750

                                  = $17,750

Therefore, The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.

5 0
3 years ago
Suppose you've just inherited $66,000 from your rich Aunt. You're trying to decide whether to keep the $66,000 in cash so that y
Flauer [41]

Answer:

Opportunity cost of holding the money = $1.650

Explanation:

Opportunity cost is the value of the next best alternative sacrificed in favour of a decision.

The opportunity cost of holding the money is the interest on deposit that would be have been earned should it be invested at the savings rate.

Interest on savings deposit = interest rate × deposit

                                         = 2.5%× 66,000= $1,650

Opportunity cost of holding the money = $1.650

3 0
3 years ago
Janice is unsure about her future career path. She has grown up on her family farm, but she is also interested in medicine. Jani
ArbitrLikvidat [17]

Instead of joining groups to learn more about the two fields, Janice should job shadow in the medical career and also her family members on the job. By job shadowing, she would get a better feel for what the work environment and everyday life would be like in that career instead of just what some groups teach about the different fields. Medical and farming are two large career fields with any different smaller job opportunities within.

8 0
3 years ago
Read 2 more answers
Huprey Co. is the defendant in the following legal claims. For each of the following separate claims, indicate whether Huprey sh
Triss [41]

1. (a) Record a liability

2. (a) Record a liability

3. (b) Disclose in notes

<h3>What happens if you fail to record a liability?</h3>

Frequently, failing to register a responsibility entails also neglecting to record an expense. Income is decreased by expenses; but, in this case, this wasn't documented so that net income wouldn't be impacted when it should have been. The net income will be overstated as a result.

<h3>On a balance sheet, how do you record liabilities?</h3>

Unearned income or a "payables" account is normally where liabilities are recorded. In most cases, unless they are regarded as contra liabilities, they have a credit balance. As a result of discounting or lowering the amount owed, this kind of liability has a negative balance.

To know more about record a liability visit:

brainly.com/question/14266222

#SPJ4

4 0
10 months ago
_____ graphics are those in which the data can be moved around within the graphic without changing the meaning.
sergij07 [2.7K]
This doesn't look like p0rnhub to me
8 0
3 years ago
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