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Aliun [14]
3 years ago
13

Howard and Barbara are divorced. They have not lived together since 2016. Barbara has full custody of their 11-year-old daughter

, Megan, and will claim her as a dependent. In 2019, both parents contributed to Megan's support, and Howard paid $6,000 for Meghan's braces. Who may claim the deduction for this medical expense
Business
2 answers:
ElenaW [278]3 years ago
5 0

Answer:

Howard

Explanation:

As it is mentioned that Megan is Howard non-dependent also it can be claimed for the deductions with respect to the medical expenses as Barbara claimed Megan as a dependent

Therefore as per the given situation, the howard should be eligible and claim for the deduction with respect to the medical expenses

hence, the same is to be considered

katrin [286]3 years ago
3 0

Answer:

The appropriate approach is "Howard".

Explanation:

  • Megan would be Howard's anti-dependent and also it has the authority to charge insurance premiums so even though Barbara assumed that Megan would have been her contingent.  
  • Specialized medical expenditures of such a child who has been born overseas may be asserted as either a taxable income by either the family member required to pay those costs, regardless of the actual over whether or not an individual charging the extra cost was indeed entitled to assume the heavily reliant tax benefit.
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Bart sold a parcel of land for $21,000. He paid a real estate agent a commission of $1,500 for assisting with the sale. Bart had
vivado [14]

Answer: The amount realized on the sale of the land is $19500.

Explanation: The amount realized in the sale of the land is equal to the sale price less the commission of the real estate agent, that is:

21000 - 1500 = $ 19500

But in reality the operation generated a loss of $ 500 given by the difference between the price at which I bought the land and the amount realized in the sale, which is:

19500 - 20000 = $( - 500).

7 0
3 years ago
When looking at the purchase of accounting software, things to avoid include
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Answer:

4) C) software that requires a high annual subscription whether you want the updates or not

Explanation:

7 0
3 years ago
The currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4. What is the money​ multiplier?
dimaraw [331]

Answer: 1.67

Explanation:

From the question, we are informed that the currency drain ratio is 0.5 of deposits and the​ banks' reserve ratio is 0.4.

The money​ multiplier is calculated as:

(1 + the currency drain ratio)/( the reserve ratio + the currency drain ratio)

= (1 + 0.5)/(0.5 + 0.4)

= 1.5/0.9

= 1.67

Therefore, the money multiplier will be 1.67.

3 0
3 years ago
Let qa be the quantity demanded of good a, pa be the price of good a, pb be the price of good b, and m be income. let the demand
-BARSIC- [3]

Answer: Cross price elasticity is - 0.12

Explanation:

Cross price elasticity measures the responsiveness of quantity demanded of good a to a change in any of its related variable such as good b.

Qa=86-5Pa-4Pb+2M

Given,

Pa=6, Pb=3, and M=30,

Qa = 86 - 5(6) - 4(3) + 2(30)

Qa = 86 - 30 - 12 + 60

Qa=104

So, cross price elasticity is given by

e_{pb} = \frac{Change in Qa}{Change in Pb} * \frac{Pb}{Qa}

e_{pb} = -4 * \frac{3}{104}

e_{pb} = -0.1153

Since, cross price elasticity is negative it means that good a and good b are complements to each other.


4 0
4 years ago
Joseph works as a senior manager in his company’s research and development department. He plans to conduct market research so th
Sindrei [870]

Answer:

Hello,

The next step will be; analyse data and report the findings

Explanation:

After collecting data, Joseph should analyse the data to identify positive trends according to the assumptions he decides to make.At this step, he can summarize the whole study to capture the procedure involved, the results obtained and the conclusion derived from the research.He should check if the hypothesis was correct or wrong.Making decisions based on assumptions can affect the company.The data obtained should be analysed the way it is rather than adding more information that was not obtained in the research. After this step, take action!

Best of Luck!

8 0
3 years ago
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