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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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Because of the difference between the discipline imposed by market competition and the discipline imposed by political decisions
Cloud [144]

Answer:

Difficulty managing public investment so it's done in a cost effective way

Explanation:

An Economy

This is simply known as a well arranged means by which nations supply or provide for the needs and wants of its people.

Resources

This are simply all the materials or things that is put in place that is used in producing goods and services.

Factors of production includes land, labor, capital, and entrepreneurship.

The reasons for government intervention is due to the allocation function, market failure occurs in case of Public Goods, externalities, Insufficient Competition; distribution function and stabilization function. Government influences decision making by establishing legal framework within which businesses and households operate.

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3 years ago
An essential consumer skill is being able to ________________________.
umka21 [38]

a. address problems with sellers.

5 0
3 years ago
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Highway 151 Inc. can further process 2,500 pounds of Product C to produce Product M. Product C is currently selling for $36 per
Grace [21]

Answer:

$27,500

Explanation:

Revenue from the sale of  Product C = $36 × 2500

                                                             = $90,000

Cost to produce Product C = $14 × 2500

                                             = $35,000

Revenue from the sale of Product M = $47 × 2500

                                                              = $117,500

Differential Total Net Revenue of producing Product M

= $117,500 - $90,000

= $27,500

4 0
3 years ago
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Using a steel framework with masonry sheathing, the _____________, designed by louis sullivan, is thought by many to be the firs
xxTIMURxx [149]

wainwright building

7 0
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What does an organization use to manage its operations across several industries and several markets simultaneously? a. Tactical
Papessa [141]

The strategy an organization employs to manage its operations across several industries and several markets simultaneously is called Corporate-level strategy.

<h3>What is the Corporate-level strategy?</h3>

A corporate-level strategy is a decision made to achieve a competitive and strategic advantage by selecting and managing a diverse set of firms that compete in a variety of sectors or product marketplaces.

  • A business organization is a business environment where business activities take place.

The three levels of strategy utilized in a business organization are:

  • Business level strategy
  • Functional  level strategy
  • Corporate level strategy

Therefore, we can conclude that the Corporate-level strategy is the strategy that an organization employs to manage its operations across several industries.

Learn more about the Corporate-level strategy here:

brainly.com/question/24845876

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3 years ago
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