Answer:
A.M.T.I = $202,200
Explanation:
Given:
Taxable income during the year = $195,000
Charitable contributions = $7,100
Real estate taxes = $1,700
State income taxes = $5,500
Mortgage interest =$1,700
Computation of A.M.T.I :
A.M.T.I = Taxable income during the year + Real estate taxes + State income taxes
A.M.T.I = $195,000 + $1,700 + $5,500
A.M.T.I = $202,200
Note: Mortgage interest, Charitable contributions are not include in A.M.T.I
Answer: $5510
Explanation:
For organizations cost up to $50,000, there'll be a deduction of $5000. The remaining non deductible expense will then be spread out for 180 months. Here, the non deductible cost will be:
= ($13200 + $7100) - $5000
= $20300 - $5000
= $15300
The capitalized cost will then be:
= $15300 / 180
= $85 per month.
Since there's an ammortization of 6 months from July, then the capitalized cost will be:
= $85 × 6
= $510
Therefore, the amount that should be deducted on its first tax return will be:
= $5000 + $510
= $5510
Drug Abuse Resistance Education (D.A.R.E.) is a police officer-led arrangement of classroom exercises that shows kids (normally in rudimentary or center school) how to remain tranquilize free and oppose peer weight.
According to Rosenbaum and Hanson (1998), D.A.R.E has no critical in general effect on utilizing cigarettes or liquor
They concluded that, Given the tremendous uses in time and cash required with D.A.R.E., no doubt proceeded with endeavors should center around different systems and projects that may deliver more significant impacts.
Answer:
Stagflation
Explanation:
Stagflation is a period of slow economic growth, rising unemployment rate and high inflation rate.
Stagflation was first noticed in the US in the 1970s.
Stagflation is usually caused by an increase in money supply and a simultaneous decrease in money supply.
The correct answer is C. Money is safer in the bank.
Explanation:
The main point or position of Jonas is that savings should be kept in an account due to the costs associated with this. In this context, the only argument that refutes Jonas' position and it is directly related to the main point of Jonas is "Money is safer in the bank" because even if keeping savings in a bank requires to pay fees this guarantees the money will be safe, which does not occur if Jonas keeps his savings at home. Moreover, the safety factor makes the option of the bank better, which refutes Jonas position.
