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serious [3.7K]
3 years ago
12

In 2021, Ava, an employee, who files single, has AGI of $51,900 and incurred the following miscellaneous itemized deductions thi

s year: Union dues and work uniforms: $1,080 Home office expenses: $3,240 Unreimbursed employee expenses: $1,512 Gambling losses to the extent of gambling winnings: $1,400. What is Ava's total itemized deduction related to these items
Business
1 answer:
34kurt3 years ago
6 0

Ava's total itemized deduction related to these items is $6,194.

Total Itemized Deduction:

 

Home office expenses: $3,240

Union dues and work uniforms $1,080

Unreimbursed employee expenses $1,512

Less: 2%of AGI ($51,900×2%) ($1,038)

$4,794

Gambling losses to the extent of gambling winnings $1,400

Total Itemized Deduction $6,194

($4,794+$1,400)

Inconclusion the  total itemized deduction related to these items is $6,194.

Learn more here:

brainly.com/question/22432237

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Explanation:

Fixtures are a type of fixed assets that are so named because they are fixed to the property they are in, in such a way that it would require substantial work to remove them.

Checkout counters are fixed to the ground in grocery stores and other places that use them and trying to remove a checkout counters takes a lot of effort so they qualify to fall under fixtures.

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3 years ago
A utilities consumer action panel could help resolve consumer complaints about high energy costs because the panel members are
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The answer is A independent and unbiased
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3 years ago
You made an investment of $16,500 into an account that paid you an annual interest rate of 2.8 percent for the first 7 years and
iragen [17]

Answer:

0.05712790 or 5.71%

Explanation:

Annual rate of return = [(1+ r1)^n1 x (1 + r2)^n2]^[1/(n1 + n2)] - 1

n1 is the time period in which annual interest rate =2.8%

n2 is the time period in which annual interest rate =7.2%

So, n1 = 7 years and n2 = 14 years

= [(1+2.8%)^7 x (1+7.2%)^14]^[1/(7 + 14)] - 1

= (1.21325420 x 2.64683577) ^ 1 / 21 - 1

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4 0
3 years ago
Occupation Salary
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4 years ago
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Answer:

14.35%

Explanation:

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we can assume beta of company is 1, then-

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= 14.35%

Note:

Retained earning also not given so that we calculate based of retained earning.

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3 years ago
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