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guapka [62]
3 years ago
5

During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 St

ate occupational license fee 450 Personal property tax on value of automobile 400 What amount can Jasmine claim as taxes in itemizing deductions from AGI
Business
1 answer:
dsp733 years ago
8 0

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350

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In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as.
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In a print advertisement, items used to identify the sponsor of the ad, such as the company logo or usp, are referred to as Brand elements.

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  • In business, marketing, and advertising, brands are used to build and preserve brand equity for the recognized product, which benefits the brand's customers, owners, and shareholders.
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<h3>What is Advertising Management?</h3>
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4 0
2 years ago
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Tpy6a [65]

Answer:

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Explanation:

8 0
2 years ago
Indicate the effect of each of the following transactions on total assets, total liabilities, and total stockholdersâ equity. Se
Scorpion4ik [409]

Answer:

Transaction                       Assets            Liabilities        Stockholders' Equity

Issue common stock           Increase               NE                      Increase

Issue preferred stock         Increase               NE                      Increase  Purchase treasury stock     Decrease             NE                       Decrease

Sale of treasury stock         Increase              NE                        Increase  Declare cash dividend            NE                   Increase                   NE

Pay cash dividend               Decrease            Decrease NE

100% stock dividend              NE                        NE                      NE

2-for-1 stock split                    NE                       NE                         NE

When shares are sold or issued, they increase the stockholders equity as people buy these shares. They also increase assets because cash comes into the company when the shares are sold. This is why the Issuing of preference and common stock as well as the sale of Treasury shares had the same effects.

When cash dividends are declared, they become a liability that is owed to equity holders.

When these dividends are then paid, they remove the liability but reduce assets as cash is used to pay the dividends.

100% stock dividend reduces retained earnings but increases equity so stockholders equity does not change.

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When should relative frequencies be used when comparing two data sets?
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You invest $1,000 in a complete portfolio. the complete portfolio is composed of a risky asset with an expected rate of return o
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<span>An investor invests 70% of her wealth in a risky asset with an expected rate of return of 15% and a variance of 5%, and she puts 30% in a Treasury bill that pays 5%. Her portfolio's .... To form a complete portfolio with an expected rate of return of 11%, you should invest ______ of your complete portfolio in Treasury bills.</span>
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