The answer to your question is false
Answer: $11.25
Explanation:
From the above question, The bank charges 1.5 percent per month and uses the average daily balance excluding new purchases method.
The average daily balance for the month excluding the new purchase is $750.
Therefore, the finance charge =
$750 x 1.5%
= $11.25
Taxes give the government the money they need to afford military spending, social programs, public workers and other government activities.
<span>both free-market
and regulatory forces are at work. Some see these forces as being at
odds with each other; others feel that the economy works at its peak
when both forces are working together. Whatever you believe, many
countries, including the United States,</span>
Answer:
a. Ted paid $30 rent on a safety deposit box at the bank. In this box he kept the few shares of stock that he owned.
Is not a business expense nor it can be itemized.
b. Tyler paid $154 for minor repairs to the fence at a rental house he owned.
Repairs and maintenance expenses of rental property decrease your AGI.
c. Timmy paid $775 for health insurance premiums this year. Timmy is employed full-time and his employer paid the remaining premiums as a qualified fringe benefit.
If Timmy's medical expenses were more than 10% of your AGI, then you can deduct the difference. But I doubt Timmy earns less than $7,750.
d. Tess paid $1,880 of state income taxes on her consulting income.
If you itemize deductions, you can deduct up to $10,000 in state or local taxes.
