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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

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A(n) _____________ questionnaire measures what it was intended to measure in the population being assessed.
irinina [24]
The answer in the space provided is the valid questionnaire. It is because a valid questionnaire is a type of questionnaire in which it measures   a particular quantity, group or a particular thing that is related to their research. This type of questionnaire enables to promote the validity and reliability. It could be seen above that it is considered to be a valid questionnaire as it tries to measure something that is related to their research in which they will measure the population.
8 0
3 years ago
The Chandler Group wants to set up a private cemetery business. According to the CFO, Barry M. Deep, business is "looking up". A
Tems11 [23]

Answer: 6.49%

Explanation:

The constant rate of growth where the company would break even will be calculated thus:

Initial investment = Net cash inflow / (14% - g)

759000 = 57,000/(0.14 - g)

where g = growth rate

759000 = 57,000/(0.14 - g)

Cross multiply

759000(0.14 - g) = 57000

106260 - 759000g = 57000

759000g = 106260 - 57000

759000g = 49260

g = 49260/759000.

g = 0.0649

g = 6.49%

6 0
2 years ago
Which of the following is one of the advantages of forming a corporation?
s344n2d4d5 [400]
B a non-profit corporation
5 0
3 years ago
Read 2 more answers
suppose that aggregate demand is falling for several months in a row. describe how the economy will adjust in the long run.
Salsk061 [2.6K]

If aggregate demand in the long run is falling for several months in a row, it will make aggregate market results in an increase in the price level but no change in real production. The level of real production resulting from the aggregate demand shock is full-employment real production.

Aggregate demand can be described as a measurement of the total amount of demand for all finished services and goods produced in an economy. Aggregate demand is expressed as the total amount of money exchanged for those services and goods at a specific point in time and price level.

The model of aggregate demand and long-run aggregate supply predicts that the economy will eventually move toward its potential output. To see how nominal wage and price stickiness can cause real GDP to be either above or below potential in the short run, consider the response of the economy to a change in aggregate demand.

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4 0
1 year ago
Victory Corporation sold 400 shares of treasury stock for $45 per share. The cost for the shares was $35. The entry to record th
Marianna [84]

Answer:The entry to record the sale will include a Credit toPaid in Capital from  treasury stock at $4,000.

Explanation:

Journal entry to record sale of shares

Accounts and explanation          Debit                  Credit

Cash                                        $18,000

Treasury stock                                                      $14,000      

Paid in Capital from Treasury STOCK                  $4,000

Calculation

CASH = Number of  shares x Price per share

= 400 x $45=$18,000

Treasury stock = Number of  shares x Price per share

= 400 x $35=$14,000

Paid In Capital = Cash - Treasury stock= $18,000- $14,000= $4000

6 0
3 years ago
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