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AfilCa [17]
3 years ago
10

Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hobby is $40,000. During 2019 s

he sold the bedspreads for $10,000. She incurred expenses as follows: Supplies $4,000 Interest on loan to get business started 500 Advertising 6,500 Assuming that the activity is deemed a hobby, how should she report these items on her tax return
Business
1 answer:
Nastasia [14]3 years ago
8 0

Answer:

With respect to Adjusted Gross Income we can not deduct anything. She will claim $10,000 in itemized deductions, subject to 2% deductions.

Explanation:

You might be interested in
The concept "bureaucracy" refers to
Vera_Pavlovna [14]

Answer:

d. An organizational model rationally designed to perform task efficiently.

Explanation:

Bureaucacy is an organization plan that performs daily activities like division of labour, has standardize processes and responsibilities. In bureaucracy, there is relationship between employees, hierarchies and duties are clearly spelt.

An example of bureaucracy is car production department. The department involves so many processes, division of labour and interpersonal relationships among employees.

Thus, bureaucracy tends to perform tasks efficiently due to a number of inputs required to complete the process.

6 0
3 years ago
The definition of ______ ______ states: highest level of management, consisting of the president and other key company executive
Juli2301 [7.4K]

The definition of supervisory management states the highest level of management, consisting of the president and other key company executives who develop strategic plans.

<h3>What is supervisory management?</h3>

Supervisors, within the context of business management, are those who keep an eye on the strategic direction of the company.

They are not bogged down with the operations or day-to-day activities of the company. Hence, the reason why they are called supervisory management.

Learn more about supervisory management at:

brainly.com/question/2954747

7 0
2 years ago
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
sdas [7]

Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

4 0
3 years ago
The nurse in a maternity unit is providing emotional support to a client and her significant other who are preparing to be disch
Setler79 [48]

Answer: It might be "We want to attend a support group."

Explanation:

A support group can help the parents work through their pain by nonjudgmental sharing of feelings. The correct option identifies a statement that would indicate positive, normal grieving.

8 0
3 years ago
Better Publications sold annual subscriptions to their magazine for $42,000 in December, 2016. The magazine is published monthly
Amanda [17]

Explanation:

The adjusting entry is as follows

On January 31

Unearned revenue A/c Dr $3,500

     To Magazine subscription  revenue A/c $3,500

(Being the unearned revenue is recorded)

The computation is shown below:

= Sale value of annual subscriptions ÷ total number of months in a year

= $42,000 ÷ 12 months

= $3,500

7 0
3 years ago
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