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melomori [17]
3 years ago
14

Kaye Blanchard is 50 years old. She has $48,000 of adjusted gross income and $11,600 of qualified medical expenses. She will be

itemizing her tax deductions this year. How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)
Business
1 answer:
Mariana [72]3 years ago
6 0

Answer:

$6,800

Explanation:

Calculation for How much of a tax deduction will Kaye be able to deduct (assume 10% floor for deduction)

Tax deduction=$11,600-(10%*$48,000)

Tax deduction=$11,600-$4,800

Tax deduction=$6,800

Therefore the amount of tax deduction that Kaye will be able to deduct (assume 10% floor for deduction) is $6,800

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Which of the following is considered a source of general revenue in the Government-wide Statement of Activities?
TiliK225 [7]

Answer:

C) Sales Tax

Explanation:

The Government-wide Statement of Activities shows the revenues and expenses of the government and the general revenues indicate all the taxes, aid received from other governments and earnings from investments. According to that, the answer is that the option that is considered a source of general revenue in the Government-wide Statement of Activities is sales tax.

3 0
3 years ago
Mona is induced by her guardian Newt to sign a contract to invest her student loan funds in OptiBank through Newt's investment f
kifflom [539]

Answer:

a. ​undue influence.

Explanation:

Undue influence -

It the case , when the person is capable to persuade some other person's decision because of the link between the two parties , is known as undue influence .  

In most of the case , one of the party is in power with respect to the other party , which can be due to more education , elevated status , emotional connections .

And , due to this advantage , the more powerful person uses this advantage .

Hence , from the question , Mona may rescind the contract due to undue influence .

8 0
3 years ago
Oscar’s Kennels spent $130,000 to refurbish its current facility. The firm borrowed 70 percent of the refurbishment cost at 4.5
andrew-mc [135]

Answer:

$1696.51

Explanation:

70% of $130 000 = $91 000; number of payments = 12 * 5 years = 60 months ; 4.5% is converted to 4.5/1200 to accommodate the monthly repayments being calculated.

Loan monthly repayment

= principal  [ interest (1+ interest)^ number of payments] / [(1+interest)^number of payments - 1]

$91 000 [(4.5/1200* (1+ 4.5/1200)^ 60)] / [((1+4.5/1200)^60) - 1]  

= 1696.514751

= 1696.51

6 0
3 years ago
An individual consumes products X and Y and spends $36 per time period. The prices of the two goods are $3 per unit for X and $2
vekshin1

Answer:

a) 3X + 2Y = 36

b) X = 6 , Y = 9

c) 27

Explanation:

Individual consumes : X and Y

Spends : $36 per time period

unit cost : $3 per unit for X

                 $2 per unit for Y

utility function : U( X, Y ) = .5XY

<u>A) Budget equation mathematically</u>

X* Px + Y* Py = M

3X + 2Y = 36

Px and Py = unit cost for X and Y

M = Total spent ( revenue )

<u>b) Values of X and Y that will maximize utility </u>

Maximum utility ( MRS )  = Px / Py ,

MRS = MUx / MUy

 = Y/X  = 3/2

∴ 2Y = 3X

From BC : 6X = 36 ( X = 6 plug into mathematically equation above )

∴ X = 6 , hence Y = 9

<u>c) Total utility generated per unit of time </u>

U( X,Y ) = .5XY

            = 0.5 * 6 * 9 = 27

6 0
3 years ago
Controlling the flow of information is important, because people tend to learn better when a little bit of new information is pr
diamong [38]

Answer:

True

Explanation:

Controlling the flow of information is important since too much flow of information eventually leads to more loss of information and distortion of facts as less is grasped, comprehended and retained.

It is essential to control and regulate the flow of information as excessive flow of information also results into confusion and the intended meaning gets lost.

So it is recommended to learn by being exposed to little bit of new information at a time rather than huge quantity of information whose comprehension and retention both would be difficult.

5 0
3 years ago
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