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Alexxx [7]
3 years ago
9

Felix, a single taxpayer, claimed $180 of state tax as an itemized deduction on his 2018 tax return. The total itemized deductio

ns on his tax return were $12,025. In 2019, he received a $25 refund from the state. What is the amount Felix must to report on his 2019 tax return
Business
1 answer:
soldier1979 [14.2K]3 years ago
4 0

Answer: $0

Explanation:

The question is asking for what Felix must record in his 2019 tax return yet the itemized deductions given were for the year 2018 including the refund he received in 2019 as this was related to 2018 as well.

From those figures therefore, he need not include any of those deductions or refund as income in 2019 as they relate to a previous year.

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A buyer is concerned about making changes to a historic property he wants to purchase. Who should the buyer consult?
Andreas93 [3]

Answer:

real estate agent

Explanation:

A real estate agent is seen as a licensed professional , whose job or duties is to arrange real estate transactions, putting buyers and sellers together and acting as a representatives in negotiation. this negotiations and purchase are basically made for property procurement.

4 0
3 years ago
How does the automated system improve the efficiency and timeliness of financial <br> statements?
stich3 [128]
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4 0
4 years ago
Review the transactions listed below for thyme advertising company, and classify each transaction as either an operating activit
soldi70 [24.7K]

Answers:


1.       Financing Activity


2.       Operating Activity


3.       Operating Activity


4.       Non Cash Activity


5.       Financing Activity


6.       Non Cash Activity


7.       Operating Activity


8.       Investing Activity


9.       Non Cash Activity


What to remember:


Operating activities are the kinds of activities the company accomplishes to generate profits. This includes cash out flows and inflows.


Investing activities contain the purchase or sale of long-lived assets used in operating the business, or the purchase or sale of investment securities (stocks and bonds of companies other than Thyme).


Financing activities are borrowing money, issuing shares of stock, and paying dividends.

5 0
3 years ago
Del is buying a $250,000 home. He has been approved for a 5.75% mortgage. He was required to make a 15% down payment and will be
alukav5142 [94]

Answer:

Del is expected to prepaid to pay $535.62 in prepaid interest at the closing.

Explanation:

The down payment of 15% is $250000*15%=$37500

The balance of mortgage net of down payment=$250000-$37500

                                                                               =$212500

Interest yearly=$212500*5.75%=$12,218.75

A year interest divided by 365days give one day interest.

A day interest=$12218.75/365=$33.48

Total interest  to pay at closing=16days*$33.48

                                                     =$535.62

The number of days was 16 because July has 31days and deal was closed on 15th,hence 31 minus 15 gives 16.

4 0
4 years ago
Which of the following best explains why online retail companies have an
tekilochka [14]

Answer is D.

Explanation: They have a larger number of potential customers because people anywhere can buy from them.

5 0
4 years ago
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