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zmey [24]
3 years ago
11

Three basic questions of economics are:

Business
1 answer:
Mazyrski [523]3 years ago
4 0
The question is B, or what, how, or for whom.
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Ilene rents a property for the entire year. During the year, Ilene reported a net loss of $15,000 from the rental. If Ilene is a
Maksim231197 [3]

The loss can she deduct against ordinary income in the year is $5000.

<h3>How to calculate the loss?</h3>

AGI = $140000

Less: Allowable limit = $100000

Excess = $40000

50% of excess = $20000

Less: Net loss = $15000

Loss deduction = $5000

Therefore, the loss can she deduct against ordinary income in the year is $5000.

Learn more about income on:

brainly.com/question/15834358

#SPJ1

6 0
2 years ago
Shanna, a calendar year and cash basis taxpayer, rents property to be used in her business from Janice. As part of the rental ag
andreyandreev [35.5K]

}{y}[/tex]Answer:

For part A) The <u>entire 2019 is deductible.</u>

For part B) $9,075

Explanation:

FOR PARTE A) we know the equation is:

\frac{24,200}{y} number of months where y is 12 (which means the entire year) and the number of months will be also 12. So the equation will be:

\frac{24,200}{12} 12 and the answer will be 24,200 which means the entire year is deductible.

FOR B) the equation to be used  will be replaced by 24 (two years) and the number of month will be 9.

so the equation is:

\frac{24,200}{24} 9

the answer wil be $9,075

5 0
4 years ago
A zero-coupon bond pays no interest payments to the bondholder. It has a $1,000 par value and matures in 5 years. What is the va
Bad White [126]

Answer:

$620.92

Explanation:

Present Value Paid at Maturity = Face Value / (Market Rate/ 100) ^ Number Payments

Present Value of Interest Payments = Payment Value * (1 - (Market Rate / 100) ^ -Number Payments) / Number Payments)

Present Value of Bond = Present Value Paid at Maturity + Present Value of Interest Payments

4 0
4 years ago
John R. Park was president of Acme Markets, Inc., a national food chain headquartered in Philadelphia with 36,000 employees and
vova2212 [387]

Answer:

1. FDA found rodent infestation in the Acme warehouses, between 1970 and 1972.

2. Mr. Park was warned about the problem severally and by reason of his position in the company, he failed to prevent or promptly correct the violation.

3. The instruction given by the judge impose a standard criminal liability and a fine of $500.

3 0
4 years ago
Decide which account is best for each person. Becky wants an account that will let her spend her money as much and as often as s
Kobotan [32]

Becky wants an account that will let her spend her money as much and as often as she needs. <u>Checking Account</u>

A checking account allows a person to make as many withdrawals as may be necessary. They may or may not earn some interest on the balance.

Sanjay wants an account that will earn interest but still let him make withdrawals. <u>Interest (Dividend) Checking Accounts.</u>

Interest (Dividend) Checking Accounts offer combined features of a checking account and a savings account. The interest rate on the balance is higher than a regular checking accounts, but an individual can withdraw money without any penalties. This account requires that an individual maintain a higher minimum balance.

Neveah has some money she wants to save until she goes to college in two years. She wants an account that will earn a little more interest. <u>Savings Accounts.</u>

Savings Accounts are interest bearing accounts and designed to encourage savings. Hence, withdrawals from such accounts may not be possible until a certain pre-agreed withdrawal date. Withdrawals before the pre-agreed date attract a large amount of penalty. Such accounts are usually used to build wealth.

8 0
4 years ago
Read 2 more answers
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