Answer:
The total medical expenses deductible before the 10% limitation is 2090
Explanation:
Solution
Recall that:
The Total expenses included is stated as follows:
Th Hotel room is = $150 * two rooms * three nights
Mileage of = $900,
Miles = 1000
Doctor's bill ins an Francisco = 1,600
Now,
To next step is to find the total medical expenses deductible before the 10% limitation is given as follows:
Doctor's bill = 1,600
The total expenses i hotel room is calculated as :150 * 1 *3 = 450
So,
The total = 1600 + 450 = 2050
It is also important to know that only 10% of the expense stay for the accompanied person is permitted
Therefore,
450*10% =45
Total 2050+45 = 2090
The way Virtual Reality can be used understand the project needs by
monitoring progress and providing inputs in the industry.
<h3>What is Virtual Reality?</h3>
This is a simulated experience which is usually similar or different from
the real world.
This helps individuals to interact with an artificial 3-D visual and is used in
entertainment and business. It helps workers to provide the necessary
input during developmental stages in the construction industry.
Read more about Virtual reality here brainly.com/question/26514873
Answer:
4.18%
Explanation:
The formula for used for this calculation is given as
Future value = Present( Initial) value (1 + r)ⁿ
Where n = number of years of the investment = 13 years
Future value (Amount of the investment after 13 years)= $5,280
Present ( Initial) value (Amount of the investment before 13 years) = $3,100
r = rate of return
The formula for r is derived as:
r = (Future value/ Present (initial) value)¹/ⁿ- 1
r = ($5,280/$3,100)¹/¹³ - 1
r = 1.0418139573 - 1
r = 0.0418139573
r is always in percentage format
r = 0.0418139573 × 100
r= 4.18139573%
Approximately, the rate of return annually for 13 years = 4.18%
Answer:
Debit Accounts Receivable for $104,700; and Credit Sales Revenue for $104,700.
Debit Cash for $85,400; and Credit Accounts Receivable for $85,400.
Explanation:
The (summary) journal entries to record the items noted will look as follows:
<u>Particulars Debit ($) Credit ($) </u>
Accounts Receivable 104,700
Sales Revenue 104,700
<u><em>(To record net sales (all on account) for the year.) </em></u>
Cash 85,400
Accounts Receivable 85,400
<u>(Collections on accounts receivable during the year.) </u>
Answer:
$60,000
Explanation:
According to section 1250 of the Internal Revenue Service, the depreciation previously allowed as a deduction would now be taxed in the case of ordinary income at the highest tax level.
And, For this, the asset should be depreciated real property.
In the question, there is depreciation charged for apartment building so the same is eligible
The eligibility is allowed up to $60,000 and the same is to be considered
