HELP!!!!!

Mr. and Mrs. Kim, married filing jointly, own a principal residence and a vacation home. Each residence is subject to a mortgage

Evgen [1.6K]

Answer:

$53,577

Explanation:

Computation for Mr. and Mrs. Kim's qualified residence interest

Using this formula

Qualified residence interest=(Acquisition debt ÷ Total debt) ×Total interest

Where,

Total Acquisition=$ 969,800+ 361,000

Total Acquisition=$1,330,800

Total debt =$ 45,000 +26,300

Total debt=$71,300

Let plug in the formula

Qualified residence interest=(1,000,000÷$1,330,800)×$71,300

Qualified residence interest=$53,577

Therefore the Qualified residence interest is $53,577

3 0

2 years ago

Categories of expenditures Gilberto and Juanita Jones live in Swarthmore, PA. Juanita's father, Lorenzo, lives in Sweden. For ea

kotegsom [21]

Answer:

a. Imports

b.Exports or Consumption

c. Consumption

d. Government Spending

e. Consumption.

Explanation:

a. if Gilberto buys Italian wine in the US that is part of consumption spending because the store that Gilberto buys from already imported the wine from Italy and paid all the costs that go with it but if Gilberto orders the wine from Italy that will be part of imports because the wine will have to be imported then have all those importing costs on it.

b. Juanitas father will be exporting the syrup if its from the US even though he might buy it online as he lives in Sweden .

c. Juanita will be part of consumption spending for goods and services as this will be part of the US GDP consumption spending.

d. This is part of government purchases as the government will spend on everything that includes repaving the high way.

e. Consumption spending because they are manufactured in the US and they are in the US therefore its part of the US purchases of goods and services.

8 0

2 years ago

CPI is calculated by dividing the ____ using ____by the ____using ____ and multiplying by 100.

Anika [276]

Explanation:

The CPI stands for Consumer Price index . It refers to the change in the price level with respect to the goods and services available in the market.

The CPI is calculated below

= Given the cost of market goods and services using the price of given year by the Given cost of market goods and services using the price of a base year and then it would be multiplied by 100

While the GDP Deflator deals with the price of all goods and services that are produced in domestic.

7 0

2 years ago

As the Board of Governors of the American Red Cross considers planning, one option is to make strategic plans and then direct ma

n200080 [17]

Answer:

a. the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership.

Explanation:

If the organization is a dynamic system, it means that conditions change fast and often. In this case, a plan developed by top-management may not be adequate enough a month, or even a week later after being devised.

Therefore, it's best to allow frontline managers, who have knowledge about daily operations and conditions, to develop their own plans (with the assistance of the planning specialists), and to modifiy those same plans if needed.

3 0

3 years ago

The use of health of information technology is increasing in all health care settings. address the following: how does health in

swat32

You know I'm really not sure why those website is making me write this to you, even though I can only be of no help

8 0

2 years ago