1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Finger [1]
2 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]2 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

You might be interested in
4. What is a power machine's "throw"?
RideAnS [48]

Answer:

The machines horsepower

Explanation:

Throwing would simulating moving yes? yes. House power is the amount of horses it would take to pull that car for example 250HP engine would mean it would take 250 horses to pull at that power that engine can pull.

3 0
3 years ago
Sanders Enterprises arranged a revolving credit agreement of $9,000,000 with a group of banks. The firm paid an annual commitmen
Kaylis [27]

Answer:

Total dollar Annual Cost = $300,000

Explanation:

  • Total loan Commitment = 9000000
  • Borrowed Fund (Used Portion) = 6000000
  • Unused Portion (9000000 - 6000000) = 3000000
  • Annual Commitment Fee for unused Portion = 0.50%
  • Commitment Fee = 3000000 x 0.05% = 15000
  • Borrowed Fund (Used Portion) = 6000000
  • Interest Rate (3.25% + 1.5%) = 4.75%
  • Interest Cost (6000000 x 4.75%) = 285000

Total dollar Annual Cost (15000 + 285000) = $300,000

5 0
3 years ago
At its date of​ incorporation, McCarty Company issued​ 100,000 shares of its​ $10 par common stock at​ $11 per share. During the
Paul [167]

Answer:

(C) Decrease No effect

Explanation:

at purchase:

30,000 shares x 16 dollars each:

Treasury stock  480,000 debit

              Cash              480,000 credit

--purchase of own share--

Then we will decrease retained earnings for the difference in the cash proceed on the sale and our treasury stock.

30,000 x 12 dollars = 360,000 cash proceeds

treasury stock             480,000

decrease in RE            120,000

cash                         360,000 debit

retained earnings    120,000 debit

        Treasury Stock                      480,000 credit

8 0
3 years ago
What are some characteristics of social enterprises
givi [52]

Answer:

see below

Explanation:

Social enterprises participate in commercial activities to solve social problems, improve communities' well-being, and better the environment. They make money through normal trading activities.

<em>Some characteristics of social enterprises include</em>

1. They have a mission to serve the community by initiating and supporting social, environmental, cultural, and economic programs. Social enterprises are not entirely driven by profits but have social missions to achieve.

2. Social enterprises generate the majority of their income through business activities. They are self-reliant as the selling of goods and services is their primary source of revenue.

3. A big proportion of the profits generated by social enterprises is invested in community projects. Social enterprises use profits to achieve their social objectives.

4 0
2 years ago
An interview in which a job candidate is asked to explain how he/she would handle a specific set of circumstances is a type of
zloy xaker [14]

Answer:

I believe this would be D

Explanation:

I say that it is D because it is asking about what they would do under certain circumstances and or situations to see what they would say

4 0
3 years ago
Read 2 more answers
Other questions:
  • The amount of money you can charge to a credit card is called
    6·1 answer
  • received a cheque from Karim,being full settlement of the amount owing after allowing him a cash discount of 5%​
    6·1 answer
  • The marginal cost of Alexa's Guide to Street People and Their Pets is constant at $5. Alexa sells 5,000 copies per year at $20 p
    12·1 answer
  • Bonita Company assigns overhead based on machine hours. The Milling Department logs 2350 machine hours and Cutting Department sh
    11·1 answer
  • Acme Co. issues a $1,000 face value bond that pays an annual coupon rate of 6.5 percent and matures in four years. Assuming a ma
    10·1 answer
  • Below is the income statement for Sun Devil Company for the year ending December 31, 20x2: Sales (net) $500,000 Cost of Goods So
    5·1 answer
  • Scratch Miniature Golf and Driving Range Inc. was opened on March 1 by Scott Verplank. The following selected events and transac
    14·1 answer
  • Selected accounts with a credit amount omitted are as follows: Work in Process Apr. 1 Balance 7,500 Apr. 30 Goods finished X 30
    5·1 answer
  • Which example could result in an investor losing their money?
    13·2 answers
  • What taxes and withholdings take the biggest bite out of the amount of your paycheck?.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!