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boyakko [2]
3 years ago
13

Paul, a calendar year single taxpayer, has the following information for 2020: AGI $175,000 State income taxes 13,500 State sale

s tax 3,000 Real estate taxes 18,900 Gambling losses (gambling gains were $12,000) 6,800 Paul's allowable itemized deductions for 2020 are: a.$16,800. b.$39,200. c.$10,000. d.$42,200.
Business
1 answer:
Alborosie3 years ago
5 0

Answer:

b.$39,200

Explanation:

Calculation to determine Paul's allowable itemized deductions for 2020

Using this formula

2020 itemized deductions=State income taxes+Real estate taxes+Gambling losses

Let plug in the formula

2020 itemized deductions=$13,500+$18,900+$6,800

2020 itemized deductions=$39,200

Therefore Paul's allowable itemized deductions for 2020 are $39,200

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The elasticity of supply measures how responsive:
slega [8]

Answer:

the quantity supplied is to a change in price. 

Explanation:

Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price

Elasticity of supply = percentage change in quantity supplied/ percentage change in price

Supply is elastic if a small change in price has a greater effect on the quantity supplied.

Supply is inelastic if a small change in price has little or no effect on quantity supplied.

Supply is unit elastic if a small change in price has a proportional equal effect on quantity supplied.

I hope my answer helps you

8 0
3 years ago
By lowering production costs, subsidies help foreign competitors gain export markets. True or False
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Answer:

False

Explanation:

Whenever, there will be reduced production costs, due to any reason in the economy, then the goods will be cheaper and accordingly the sale will be in abundance assuming other factors remain constant.

Thus, due to subsidies the cost to producers will be less and then exporters will not be able to get more share as domestic goods will cost cheaper.

Thus, there will not be any gain to foreign competitors in our domestic markets, as they will not get any share extra rather they will loose as a foreign competitor. In fact goods which are exported will also cost low, and therefore, will gain new customers.

Therefore, above stated statement is false.

5 0
3 years ago
It is Micah's role at the company to plan, organize, and control the functions within the human resource department. Based on th
tensa zangetsu [6.8K]

Answer:

C. Management Role

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Micah is in a management role at his company because all the functions that he performs are  functions of management in the an organisation.

The management functions include, Planning, Organizing, controlling and leading. The manager mainly plan the work of the organisation,  coordinates the activities of others and direct them towards  the achievement of the organisational goals and objectives.  

6 0
4 years ago
The dividend growth model: Multiple Choice is only as reliable as the estimated rate of growth can only be used if historical di
ddd [48]

Answer: The correct answer is "is only as reliable as the estimated rate of growth".

Explanation: The dividend growth model: is only as reliable as the estimated rate of growth because the growth model is a method to assess the price of a company's stock using constant growth and discounting the value of future dividends today.

<u>This happens because it assumes that the growth that the company will experience is constant.</u>

3 0
3 years ago
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