Answer:
deductible expenses = $5000
Explanation:
given data
gross income = $30,000
medical expenses = $8,000
floor for deduction = 10 %
to find out
How much of a tax deduction will Kaye be able to deduct
solution
we find here deductible expenses that is express as
deductible expenses = medical expenses - ( 10% × gross income ) ...............1
put here value we get
deductible expenses = 8000 - ( 10% × $30,000 )
deductible expenses = 8000 - ( 3000 )
deductible expenses = $5000
Answer:
d. Law of Demand
Explanation:
The law of demand states, the quantity demanded of a product is indirectly related to it's price keeping other factors affecting demand as constant.
The law states, more of a product is demanded when it's price falls and vice versa.
It is noteworthy here that it is quantity demanded which changes when only price changes, not the demand itself. Demand would change when factors affecting demand other than price of the product change.
In the given case, when price of high speed internet decreases, the quantity demanded increases. The statement indicates the operation of the law of demand.
I'm pretty sure it's D- All of the above
Answer:
Explanation:
Pretax cost of debt is the annual rate(YTM) of the bond. Using a financial calculator, input the following to calculate it;
N = 5*2 = 10
PV = -(95% *10,000,000) = -9,500,000
Coupon PMT = (6%/2)*10,000,000 = 300,000
FV = 10,000,000
then compute semiannual rate; CPT I/Y = 3.604%
convert to annual rate = 3.604*2 = 7.21%(this is the pretax cost of debt)
After tax cost of debt is calculated because interest payable on debt has tax shield. The formula is as follows;
Aftertax cost of debt = pretax cost of debt (1-tax)
AT cost of debt = 7.21% (1-0.40)
AT cost of debt = 4.33%
The correct answer is; October 1st and September 30th.
Further Explanation:
There are approximately 3 types of fiscal years. They are;
- Business
- Federal
- Non-profit
The federal fiscal year always starts on October 1st and will end on September 30th the following year. These are divided into four quarters each year. This will cover a 12 month calendar year.
A fiscal year can contain 365 or 366 days depending if there is a leap year. This is used as a starting place to start commencing your record keeping in order and when to conclude for the year.
When keeping financial records numerous things needs to be kept for the following year. Some of the things that needs to be kept are; precise records, receipts, contracts, check stubs, and the budget used.
Learn more about the fiscal year at brainly.com/question/13648773
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