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Goryan [66]
3 years ago
13

Ned is a head of household with a dependent son, Todd, who is a full-time student. This year Ned made the following expenditures

related to Todd's support:
Auto immram;e premiums : 1.700
Room and board at Todd’s school 2,200Health insurance premiums (not through an exchange) 600Travel (to and from school) 350What amount can Ned include in his itemized deductions?a. $1,700 included in Ned's miscellaneous itemized deductions.b. $2,050 included in Ned's miscellaneous itemized deductions.c. $950 included in Ned's miscellaneous itemized deductions.d. $600 included in Ned's medical expenses.e. None of the choices are correct.
Business
1 answer:
UNO [17]3 years ago
5 0

Answer: D. $600 included in Ned's medical expenses

Explanation:

The amount that Ned can include in his itemized deductions will be the $600 that's included in Ned's medical expenses.

It should be noted that the medical expenses will be under the itemized deductions. On the other hand, the other options will be under the miscellaneous itemized deductions. Therefore, the correct option is D.

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During business cycle expansions when income and wealth are rising, the demand for bonds ________ and the demand curve shifts to
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A business is an activity that makes a living or makes money by manufacturing or buying and selling products (such as goods or services).

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5 0
1 year ago
The elements of the business environment include the:.
quester [9]

Answer:technological environment, economic and legal environment, competitive environment

Explanation:

5 0
2 years ago
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr
MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

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3 0
1 year ago
Pattison Corporation is a service company that measures its output by the number of customers served. The company has provided t
777dan777 [17]

Answer:

B. $1,500 F

Explanation:

                                          Flexible    Planning     Activity  

                                          Budget     Budget      Variance

Customer served (q)             17             20  

Travel expense ($500q)   $8,500     $10,000     $1,500 (Favorable)

Workings

<u>Travel Expense </u>at 500q

Flexible budget = 500 * (17) = $8,500

Planning budget = 500 * (20) = $10,000

5 0
3 years ago
When a fruit or vegetable (such as strawberries or lentils) is in season, the demand for it will increase as it becomes cheaper.
Olenka [21]

Answer: True

According to the law of demand, the demand for a good increases when its price falls. Thus, when a fruit or vegetable is in season, it is relatively less expensive than in off seasons. Thus, consumers buy more of these seasonal fruits in season. Thus, demand for the good increases when it becomes cheaper.

Thus, the statement is true.


5 0
3 years ago
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