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Finger [1]
3 years ago
8

Chuck has AGI of $70,000 and has made the following payments State income tax $1,900 Federal income tax $7,100 Social Security t

ax $4,800 State excise tax on liquor $ 400 Real estate tax $ 790 Calculate the amount of taxes that Chuck can deduct on his itemized deductions: A. $1,900 B. $2,690 C. $3,090 D. $9,000 E. $13,800
Business
1 answer:
zlopas [31]3 years ago
5 0

Answer:

B. $2,690

Explanation:

Calculation for the amount of taxes that Chuck can deduct on his itemized deductions

State income tax $1,900

Add Real estate tax $ 790

Itemized Deduction $2,690

($1,900+$ 790)

Therefore the amount of taxes that Chuck can deduct on his itemized deductions is $2,690

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Which of the following occupations is among the 10 projected most rapidly declining U.S. occupations in terms of percentage decr
NemiM [27]

Answer:

Postal service mall sorters and processors is the correct answer for the following.

Explanation:

  • A postal worker would be someone who receives, philtres and handles mail and sells mail items.
  • These include such roles as postal hoppers and agents, mail carriers, developers, and assembly line workers.
  • Workers at the Postal Service collect and prepare mail for shipment to homes, companies and boxes at the post office.

Therefor, the Postal service is the correct answer.

6 0
3 years ago
Interest amounting to $4 was credited to your account by the bank in September. The bank's service charge for the month was $5.
allsm [11]

Answer:

Bank Reconciliation Statement as at October 2:

Balance as per checkbook            $601

Add: Electronic transfer             $2,400

       Interest                                       $4

Less: Bank charge                            ($5)

Balance as per bank statement $3,000

Explanation:

A bank reconciliation statement is a statement prepared periodically to reconcile the balance in the cash book with the balance shown on a bank statement.

The process starts with identifying transactions that do not (do) appear in the cash book and those that do not (do) appear in the bank statement, which did not appear in the other.  Errors are also identified and corrected during the process.  After this, the reconciliation statement is prepared to agree the two sources of balances.

6 0
3 years ago
According to Fred Luthans and his associates' study of 450 managers, ________ made the largest contribution to the success of ma
dedylja [7]

Answer and Explanation:

A) networking

6 0
3 years ago
Suppose a large country experiences economic growth which results in a reduced willingness to trade. The country’s terms of trad
eimsori [14]

Answer:

The correct answer is letter "B": improve; rise.

Explanation:

Terms of Trade measures the efficiency of a country's trade. It is a ratio which compares the exports of a country with its imports. It is <em>calculated by dividing the export value by the import value, and by multiplying the result by one hundred (100)</em>. A terms of trade figure higher than 100, means a country exporting goods at a higher value than its imports.

<em>Given the case that there is no willingness to trade in an economy after a growth, the most possible scenario to take place is that the trade terms will </em>improve <em>as a result of the decrease in the demand of imports and assuming the level of exports keeps at the constant level that allowed the economic growth or if it even </em>rises<em>.</em>

4 0
3 years ago
If revenue is less than operating expenses, the business would have a _____ cash flow. break-even negative
Aneli [31]

The correct answer is negative cash flow.

When a company has a situation where their revenue is less than their operating expenses they have a negative cash flow. This is normally indicative that a company is not doing well and may need to make changes in order to become profitable.

3 0
3 years ago
Read 2 more answers
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