Answer: $6,040
Explanation:
To find out Robin’s allowable itemized deduction for interest paid we ADD the interest paid on the acquisition debt which is her Allowed Deductible Interest to the points that she obtained in the Initial Mortgage.
This figure is what she is allowed to deduct.
Calculating that would be,
= 4,440 + 1,600
= $6,040
Robin’s allowable itemized deduction for interest paid is $6,040.
Note that Closing costs are not Deductible but are instead added to the basis of the house.
The correct option is A. The effect of tax cut is reduction in the amount of money that the government is generating and increase in the amount of money available to those whose taxes are reduced. Government usually cut taxes in order to boost the economy through increased spending.
<h2><u>arise when there are disagreements over their goals, methods or needs of the team. </u></h2>
- <u>So </u><u>w</u><u>hen </u><u>the </u><u>conflicts </u><u>are </u><u>in </u><u>between </u><u>the </u><u>team </u><u>members </u><u>they</u><u> arise, addressing these disagreements and coming to a mutual </u><u>understanding </u><u>it </u><u> allows everyone to collaborate harmoniously and productively.</u>
<h2><u>hope</u><u> it</u><u> helps</u></h2>
Answer:
The present of value of the bonds payable is $ 109,893.83
Explanation:
The present value of the bonds payable is the present of semiannual coupon payments as well as the repayment of face value in year 4.
coupon payments =$100,000*12%*6/12=$6,000
Face value receivable in year 4 is $100,000
Find attached spreadsheet detailing the computation of present value
