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Morgarella [4.7K]
3 years ago
13

On December 30, you decide to make a $2,500 charitable donation. (Assume you itemize your deductions.) (a) If you are in the 24

percent tax bracket and you expect to itemize your deductions, how much will you save in taxes for the current year
Business
1 answer:
Crank3 years ago
7 0

Answer:

$600

Explanation:

Calculation to determine how much will you save in taxes for the current year

Using this formula

Tax savings = Tax rate × Tax deduction

Let plug in the formula

Tax savings= 0.24 × $2500

Tax savings =$600

Therefore how much will you save in taxes for the current year is $600

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How does the dynamic model of aggregate supply and aggregate demand explain​ inflation? A. by showing that if total spending in
boyakko [2]

Answer:

The correct answer is option A.

Explanation:

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3 years ago
On 1/1/X1, Dolan Corp. pays $100,000 to retire its bonds early. At the time of the retirement, the bonds have a face value of $1
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Answer:

2,000 loss on redemption

Explanation:

the company will recognzie considering the current value of the bonds, thus the carrying value:

as the face value is lower than carrying value there is a discoutn for the difference: 104,000 - 98,000 = 6,000

When we compare the cash outlay with the carrying value we sovle for the redemption result:

98,000 bonds are paid at 100,000 therefore 2,000 loss

bonds payable         104,000 debit

loss on redemption     2,000 debit

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          cash                           100,000 credit

6 0
3 years ago
An investor looking for which of the following investment goals would be BEST served by a deferred variable annuity?
Ne4ueva [31]

Answer:

1. Investors seeking capital appreciation over a long period of time

Explanation:

Deferred variable annuity are designed to provide long term capital appreciation. They do not provide immediate income. They do not adjust their return for inflation and they are not fixed rate securities.

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Svetlanka [38]

Answer:

d. empowered front-line employees gain a false sense of power, in turn aiding the customer.

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Employee empowerment is when an employer gives the employee a degree of autonomy in making decisions that affects their jobs.

They are allowed to decide how best to perform their jobs.

This gives the employee a sense of ownership that translates to better customer service, positive attitude, better employee moral, and cheaper source of market research than going to the consumer directly.

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