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aksik [14]
2 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]2 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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If the money supply is​ $500 and nominal income is​ $3,000, the velocity of money is A. ​1/60. B. ​1/6. C. 6. D. 60.
algol [13]

Answer:

The correct option is c.6

Explanation:

For computing the velocity of money, the following formula should be used which is shown below:

The Velocity of money = Nominal income ÷ money supply

where,

Nominal income is $3,000

and, the money supply is $500

Now put these values to the above formula so that we can find out the answer

So, the answer would be equal to

= $3,000 ÷ $500

= 6

Thus, the velocity of money is 6

Hence, the correct option is c.6

5 0
3 years ago
Mr Coffey bought a house for 195,000 he made a 20% down payment the interest rate is 5.25% for 30 years
Jobisdone [24]

$39000

DOWN PAYMENT MEANS THE AMOUNT YOU PAY PAY AT THE TIME OF THE DEAL OF PURCHASING THE HOUSE.THERE IS USUALLY A PERCENTAGE OF THE TOTAL AMOUNT AND IS PAID IN A LUMP SUM.

20& OF THE COST OF HOUSE OUT HERE

I.E. 20% OF $195000

= 0.2 * 195000

=$39000

6 0
3 years ago
The main disadvantage of a monetary union is the loss of national monetary and exchange rate policy independence. lessened polit
anzhelika [568]

Answer:

The correct option is;

Loss of national monetary and exchange rate policy

Explanation:

The disadvantages of the establishment of monetary unions includes;

1) The loss of independence in monetary policy

2) The associated problems that arise due to the the initial establishment of the union

3) Tedious nature of the task of attaining comprehensive capital mobility

The advantages are;

1) Lack of uncertainty in exchange rate variation

2) Reduced cost of doing business

3) Improved fiscal stability as well as control of the inflation rate by supranational central bank.

7 0
3 years ago
When regulators engage in macroprudential regulation, they focus on A. the credit standards of all loans held by the financial i
Agata [3.3K]

Answer:

C) the safety and soundness of the financial system in aggregate.

Explanation:

Macroprudential regulation focuses on reducing systemic risk.

Systemic risk is the financial risk associated with an event from a specific company damaging the whole financial system. Systemic risk was responsible for the collapse leading to the Great Recession (2008-2010).

The "too big to fail" policy is an example of macroprudential regulation.

8 0
3 years ago
Beasley, Inc., reports the following amounts in its December 31, 2021, income statement. Sales revenue $ 330,000 Income tax expe
dalvyx [7]

Answer:

The preparation of the multiple-step income statement is presented below:

Explanation:

The preparation of the multiple-step income statement is presented below:

                                        Beasley, Inc

                     Multiple-step income statement

                            December 31, 2021

Sales revenue                 $330,000

Less: Cost of goods sold  -$129,000

Gross profit                      $201,000

Less: Operating expenses

Salaries expense $38,000

Advertising expense $21,000

Utilities expense $43,000

Total operating expenses -$102,000

Operating income             $99,000

Non operating income or others

Less: Interest expense          $10,000

Total non operating income $10,000

Income before taxes         $89,000

Less: income tax expense -$35,000

Net income                           $54,000

3 0
3 years ago
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