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guapka [62]
2 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:
dsp732 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 January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
ale4655 [162]

Answer:

c. $215,000

Explanation:

The computation of the amount charged to income is shown below:

But before that first we have to determine the book value as on Jan 2024 which is

Total patent cost

= $200,000 + $50,000

= $250,000

Amortized cost till year 2024 is

= ($250,000 ÷ 10 years) × 3 years

= $75,000

The three years is counted from 2021 to 2024

Now

Book value on Jan 2024 is

= $250,000 - $75,000

= $175,000

So,

Amount charged to income  is

= $175,000 + $40,000

= $215,000

6 0
3 years ago
How many American embassies and consulates are there around the world?
Alexeev081 [22]

Answer:

The U.S. currently has 294 physical embassies, consulates, and diplomatic missions across the world, with 27 in the Middle East and North Africa (MENA) region, which is more than any other nation.

Explanation:

Rounded it would be 300.

4 0
3 years ago
Read 2 more answers
Which accounts would be affected for the following transaction: "Received an invoice from a supplier for repair services perform
Sophie [7]

Answer:

Debit Bank; Credit Accounts Payable

Debit Repair Expense; Credit Accounts Payable

5 0
1 year ago
2. You hear through the grapevine that one of your best employees is looking for another job. What should you do?
Tcecarenko [31]
Please provide context for the first part??? I'm intrigued as to why the employer is listening on his employees through grapevines ahahah.

I assume this relates to the topic of motivation in the workplace, so you should search up types of employee motivation. These include increasing wages, decreasing work hours, and providing more benefits (more days off/free family vacations/free education for their children and such).
7 0
3 years ago
4. If you were to deposit $1,000 into an account that paid 10 percent interest compounded semiannually, how much money would you
vodka [1.7K]
B because is diving
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3 years ago
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