The answer is A. 0. 6% of $42,000 is $2520. You only have $567 in medical expenses. You're expense has to be more than $2520 before you can deduct it.
Answer:
A
Explanation:
A court-ordered action that directs parties to do or not to do something
Answer:
Explanation:
The alimony given is a tax-deductible expense for the person paying the alimony if a divorce is finalized before 2019 and before Jan 31, 2018.
Alimony payments made for divorce implemented after Jan 31, 2018, are said not to be tax-deductible with regards to the amended law.
Therefore in the scenario presented, Nancy pays alimony to Nathan will be tax-deductible income to him because the divorce was finalized in the year 2016 as it is before Jan 31, 2018.
If they have been divorced and still they continue to stay together during 2016 and 2017, then alimony payments are tax-deductible.
Had it been that they have not filed for divorce, only that they are separated but however still jointly live together, then they both file for tax return jointly or separately together due to the sense that they are considered as a married couple for the entire year.
In a case whereby the couple is divorced in 2019, then alimony payments received are not tax-deductible with regards to the current law.
Answer:
The answer is letter B
Explanation:
B. link film producers to other middlemen.
Answer:
the tax-deductible contribution would be $4,500 made to an IRA
Explanation:
The computation of the tax deductible contribution make to an IRA is as follows:
It could be the lower amount of the earned income or the general limit
The earned income is $4,500
And, the general limit is $6,000
So the lesser amount is $4,500
Therefore the tax-deductible contribution would be $4,500 made to an IRA
