Help Immediately!!!!!! <br> someone figure out this question pls

Priscella pursued a hobby of making bedspreads in her spare time. Her AGI before considering the hobby is $40,000. During 2019 s

daser333 [38]

Answer:

Income = $10,000
Adjusted Gross Income (AGI) Deduction = $0
Claim $10,000 as itemized deduction due to expenses

Explanation:

The activity being a hubby does not exempt it from tax so the $10,000 will be included as income for tax purposes and there will be no deduction for this from the AGI.

She can however, claim her expenses as itemized deductions. There is no tax on interest payment so expenses deducted are:

= 4,000 + 6,500 - 500

= $10,000

7 0

3 years ago

Thorkfeld Company incurred depreciation expenses of $28,900 last year. The sales were $755,000 and the addition to retained earn

blondinia [14]

Answer:

Cost of Goods Sold is = $697213.44

Explanation:

given data

depreciation expenses = $28,900

sales = $755,000

retained earnings = $10,200

paid interest = $6,200

dividends = $5,000

tax rate = 33 percent

solution

first we get here EBIT that is express as here

EBIT = Earnings for equity holders + Tax + Interest ...............1

Earnings for equity holders = Dividend Paid + retained earnings

Earnings for equity holders = $5,000 + $10,200 = $15200

here Tax is = $\frac{15200}{67}$ × 33 = 7486.56

so here EBIT = $15200 + $7486.56 + $6,200

EBIT = $28886.56

so Cost of Goods Sold is = sales - depreciation - EBIT ..................2

Cost of Goods Sold is = $755,000 - $28,900 - $28886.56

Cost of Goods Sold is = $697213.44

3 0

3 years ago

Suppose a huge increase in credit card frauds leads to many businesses refusing to accept payments by credit cards. As a result,

julia-pushkina [17]

Answer:

Suppose a huge increase in credit card frauds leads to many businesses refusing to accept payments by credit cards. As a result, people want to keep more cash on hand, increasing the demand for money. Assume the Fed does not change the money supply. According to the theory of liquidity preference, the interest rate will __increase__ , which causes aggregate demand to__decrease_

If instead the Fed wants to stabilize aggregate demand, it should ___increase__ the money supply by _purchasing__ government bonds.

Explanation:

The economy's aggregate demand will increase as a result of the increased preference for liquidity leads to an increase in consumer spending, thereby increasing the Gross Domestic Product. If the Fed increases the money supply in response to the increased preference for liquidity, it will cause a reduction in interest rates, thereby further increasing consumer spending.

5 0

3 years ago

With which type of amortization does the amount applied toward the principal remain the same each month, with the interest amoun

xz_007 [3.2K]

With Straight line of amortization, the amount applied toward the principal remain the same each month, with the interest amount varying according to the outstanding loan balance.

<h3>What is amortization?</h3>

Spreading payments across a number of time periods is known as amortization in business.
Both the amortization of debts and the amortization of assets fall under this umbrella phrase.
In the latter instance, it refers to spreading out the cost of an intangible asset over time (for instance, throughout the course of a 20-year patent term, $1,000 would be recorded each year as an amortization expense if $20,000 was initially spent producing a product).
As defined by an amortization schedule, amortization in the context of lending is the division of loan repayments into a number of cash flow instalments. Unlike other repayment plans, this one includes principal, interest, and occasionally fees if they weren't paid at origination or closing.

To learn more about amortization with the given link

brainly.com/question/24232991

#SPJ4

4 0

2 years ago

How should each instrument be changed if the fed wished to decrease the money supply?

densk [106]

The way each instrument be changed if the fed wished to decrease the money supply is the Fed should conduct :
- Open market sales
- Raise discount rates
- Raise interest paid on reserves.
This will attract more saving from the people.

3 0

3 years ago

Help Immediately!!!!!! someone figure out this question pls