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aksik [14]
3 years ago
7

Mandy, who has AGI of $80,000 before considering rental activities, is active in three separate real estate rental activities. M

andy has a marginal tax rate of 22%. She has $12,000 of losses from Activity A, $18,000 of losses from Activity B, and income of $10,000 from Activity C. She also has $2,100 of tax credits from Activity A. Calculate her deductions and credits allowed and the suspended losses and credits.
Business
1 answer:
finlep [7]3 years ago
8 0

Answer: See explanation

Explanation:

Mandy's deductions and credits allowed and the suspended losses and credits are calculated as follows:

Mandy's deduction (her utilized loss) total = $12000 + $18000 - $10000 = $20000

Her suspended loss = $0

After deducting the loss, Mandy has available a deduction equivalent of = $5000

Hee utilized credit is ($5000 × 22%) = $1100 and her suspended credit is ($2100 - $1100) = $1000.

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When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by?
schepotkina [342]

When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

<h3>What is Net operating income?</h3>
  • Net income in business and accounting is an entity's revenue less costs, depreciation and amortization, interest, and taxes for a certain accounting period..

  • Net Operating Income, or NOI for short, exists a formula those in real estate use to quickly calculate the profitability of a particular investment. After deducting essential operational costs, NOI calculates the revenue and profitability of investment real estate property.

  • By deducting all annual expenses from income, the NOI formula determines how profitable a potential investment property is over the course of a single year.

  • After all costs have been deducted, operating profit displays a company's earnings, excluding the cost of debt, taxes, and some one-time expenses.

  • Net income, on the other hand, represents the profit remaining after all costs incurred in the period have been subtracted from revenue generated from sales.

Hence,  When the activity level increases by 15%, net operating income in the flexible budget will ordinarily increase by -more than 15% b/c fixed costs do not increase with changes in activity.

To learn more about Net operating income refer to:

brainly.com/question/15834358

#SPJ4

4 0
2 years ago
Both nondeductible contributions to a traditional IRA and contributions to a Roth IRA are similar in the sense that neither prov
Nastasia [14]

Answer:

The answer to this question can be defined as follows:

Explanation:

In part A

When Most citizens can't deductible in tax and their daily IRA donation, when the revenue is higher then all thresholds refer to specific levels. So, It can also pay to save for a non-deductible IRA to your withdrawal. Even if your IRA is not exempt.  

Regulations on IRA Revenue:

When a company provides individuals or their spouse has been decided to hire by users have a 401(k) or 403(b) employee withdrawal account, experience some IRA depreciation contribution limits donations.  

For an alternative to Roth IRA:  

Most individuals have incomes above limits and the  Roth IRA may indeed meet the criteria for a frequent IRA tax benefit and the higher level donation.

In part B

I will also take a glance at the answer from a tax viewpoint if a competent payment decreases subject to tax salaries and further decreases taxable income. It is a great way for both management and workers and employers receive big profits without taxation. Its value of a qualified retirement benefit provided for both the worker increases the amount that can be spent on behalf of the company by providing an eligible program.

4 0
3 years ago
Real estate property taxes generally range from 1 to 4 percent of the value of the home.
laiz [17]

Answer:

true

Explanation:

it is true about the number of percentage

8 0
3 years ago
The long run is best defined as a time period during which at least one input cannot be changed. during which all inputs can be
Olegator [25]

Answer:

The long run is best defined as a time period

  • during which all inputs can be varied.

One thing that distinguishes the short run and the long run is

  • the existence of at least one fixed input.

Explanation:

On the long run, all productive inputs can be changed and/or altered. that includes fixed costs like equipment and machinery, building facilities, processes, wages, etc.

On the short run, at least one of the inputs used to produce our goods or services cannot be changed, e.g. wages tend to be sticky, fixed costs (depreciation of equipment and machinery, buildings, etc.)

7 0
4 years ago
On September 18, 2019, Afton Company purchased $2,475 of supplies on account. In Afton Company’s chart of accounts, the supplies
butalik [34]

Answer:

Supplies   2,475 debit

 Account Payables   2,475 credit

Supplies             Transactions             Balance

                      DEBIT     CREDIT   DEBIT   CREDIT

Sep 1st               --          --          840      --

Sep 18th         2,475                 3,315

Acc. Payable       Transactions             Balance

                      DEBIT     CREDIT   DEBIT   CREDIT

Sep 1st               --          --              --         10,900

Sep 18th                        2,475                   13,375

The rules of debit and credit applies to all companies. If company's for incompetence or lack of moral qualms do not follow these rules the result of the accounting will be tained and not useful for the decision making process until the mistakes or ommision are fixed.

Explanation:

The firs is the journal entry.

We debit the supplies as they are assets

and credit the account payable which is a liability.

Then the four column stand for the ledger.

We post the transaction of each account and the balance after the event occur

8 0
3 years ago
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