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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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You need to buy some chicken for dinner tonight. you found an ad showing that the store across town has it on sale for $3.29 a p
xxTIMURxx [149]
Yes, it's 20c cheaper than your neighborhood store.
3 0
4 years ago
Read 2 more answers
For each activity, select the impact on the accounting equation. After doing all transactions, ensure that the accounting equati
soldi70 [24.7K]

Answer:

<u>                                      Assets       =         Liabilities     +       Equity             </u>

1)                                  15,000                          0                       15,000

2)                                  9,000                      9,000                      0

3)                                   1,200                        1,200                     0

4)                                  2,400                        2,400                     0

5)                                 (12,000)                         0                         0

                                     12,000                         0                         0

6)                                   3,000                           0                      3,000    

7)                                   (4,000)                      (4,000)                   0

8)                                   (2,400)                      (2,400)                   0

9)                                        0                           (1,200)                  1,200

10)                                  (1,000)                            0                     (1,000)

TOTALS                       23,200                       5,000                  18,200

5 0
3 years ago
Amanda, the sales manager at an e-commerce fashion site, decides the annual, monthly, and weekly targets of all the salespersons
enot [183]

Answer:

The correct answer is B: Planning.

Explanation:

Planning is a key fundamental management function. It is deciding beforehand how are you going to achieve the objectives previously determined. Planning is deciding what needs to be done, when, who and how.

In this case, Amanda set the targets of the salesperson in order to achieve the organizational goals. By planning the sales required, she believes it will take her a step closer to the goals of the period.

4 0
3 years ago
"Malika wants to study the effect of rising textbook prices on the number of books students purchase. In planning her study, she
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Answer:

Use the ceteris paribus assumption

Explanation:

By using the ceteris paribus assumption she can assume all other conditions are equal and that the number of books purchased by students and the price of the books are the only variables in the study

With the Latin phrase, ceteris paribus, meaning all other things are the same or other things considered as being equal or remain constant, it is possible to determine causation of an event by focusing on the effect of a one of the several independent variables on the dependent variable.

4 0
3 years ago
Job ______ is the practice of moving employees between different tasks to promote different work experience and learn a variety
slega [8]

Answer:

job rotation

Explanation:

5 0
3 years ago
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