Answer:
Their allowable tax deduction on the mortgage interest is $1904
Explanation:
In arriving at the tax savings,the interest on mortgage needs to be ascertained.
Interest on mortgage=8%*$85000
Interest on mortgage=$6800
However,the tax savings on the interest is by applying the tax rate of 28% to the interest on mortgage
Tax savings=28%*$6800
Tax savings=$1904
Field tests are tests of the ad or commercial under natural viewing situations, complete with the realism of noise, distractions, and the comforts of home.
Answer:
Option D is the correct option. Please choose option D that is $150,000.
Explanation:
Amount of paid-in capital from treasury stock transactions = Shares exchanged * (Market Price - Share purchase Cost)
Where Shares exchanged = 25000
Market price = $45
Cost of share = $39
Therefore, the amount of paid-in capital from treasury stock transactions = 25000 shares * (45 - 39) = $150,000
Option D $150,000 is correct