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Rom4ik [11]
2 years ago
8

What is the purpose of a 1098 tax form?

Business
2 answers:
Keith_Richards [23]2 years ago
6 0

Answer: This form is used to report mortgage interest paid for the year. Also, lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year.

Hope this helps!

nikitadnepr [17]2 years ago
6 0

Answer:

Form 1098 is used to report mortgage interest paid for the year. Lenders are required to issue Form 1098 when a homeowner has paid $600 or more in mortgage interest during the tax year. To deduct mortgage interest, you must be the primary borrower on the loan, and be actively making payments.

Explanation:

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In Exhibit 4-7, a 100 unit decrease in quantity demanded at every price level would cause the new equilibrium price to become:
olga_2 [115]

If there was a 100 units decrease at every price level, the new equilibrium price would be<u> $2.00.</u>

<h3>Equilibrium Price </h3>
  • Price where quantity demanded is equal to quantity supplied.

<h3>What is the New Equilibrium price?</h3>

Reducing by 100 units, all the quantity demanded units will lead to the following new units:

  • $10 - 100
  • $8 - 140
  • $6 - 270
  • $4 - 290
  • $2 - 310

We can see that at $2, both the demand and supply are at 310 units which makes this the new equilibrium.

Find out more on the equilibrium price at brainly.com/question/14203212.

4 0
2 years ago
Summarize the different levels of organization involvement in international trade
insens350 [35]

Answer:

Here are several organization involvements that exist in international trades but might not exist in domestic trade:

- Import/export

- Countertrade Agreement

- Foreign Direct investment

- Multinational marketing strategy

Explanation:

- Import/export

To put it simply, Import is the act of acquiring goods from another country to your country. Export is the act of sending goods from your country to another country,

- Countertrade Agreement

This consist of tradge agreements that created by the government between different countries.

Most countries will impose tariff or quota to the foreign goods that come into their country. This will increase the price of the foreign goods when they entered the local markets. Tariff and quota are made to protect local businesses from foreign businesses.

- Global outsourcing

This happens when a company give their job to the people from another country.

Most commonly, this is conducted by companies from a richer countries. Outsourcing their jobs to a poorer country tend to cut down the labor cost. They can send  the product output back to their original country and sell it with higher price/.

- Multinational marketing strategy

This marketing strategy considers the different cultures / taste that exist in foreign market. They will cater their strategy to suit the taste of foreign customers and improve their brand favorability.

7 0
4 years ago
in the case three ways how social pressure could be regarded as a stressor for young people and their family relationships​
kodGreya [7K]
Social pressure reduces self confidence
Social pressure leads to overthinking of something
Social pressure leads to discouragement.
7 0
3 years ago
A customer opens a new margin account with the following position:
galben [10]

Answer:

$1,000

Explanation:

The above means that for every $1 increase in the market value in a long margin account, the SMA increases by $0.50

If the market value rises to $22,000, the account will show

Long market value - Debit = Equity % SMA

$22,000 - $10,000 = $12,000

Against $22,00 of market value, 50% can be borrowed or $11,000. Since the debit is $10,000, an additional $1,000 can be borrowed . This is the SMA

7 0
3 years ago
!WILL GIVE BRAINLIEST AND 15 PTS PLEASE HELPPP!
EleoNora [17]

Answer: Technology over the past 10 years has changed very much with more people having access to technology know it is easier for many people to communicate around the world which allows for globalization. This helps us trade more because of communication which allows to live in our world today.

Explanation: I got it right after writing this short paragraph so you should too good luck.

6 0
3 years ago
Read 2 more answers
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