subject
Business, 31.10.2019 06:31 derekcalhoun4943

Linda, who files as a single taxpayer, had agi of $280,000 for 2018. she incurred the following expenses and losses during the year: medical expenses (before the 7.5%-of-agi limitation) $33,000state and local income taxes 4,800state sales tax 1,300real estate taxes 6,000home mortgage interest 5,000automobile loan interest 750credit card interest 1,000charitable contributions 7,000casualty loss (before 10% limitation but after $100 floor; not in a federally declared disaster area) 34,000unreimbursed employee business expenses 7,600calculate linda’s allowable itemized deductions for the year.$

ansver
Answers: 3

Other questions on the subject: Business

image
Business, 21.06.2019 14:10, Kittylover65
What sources about ecuador should you consult to obtain cultural information about this country that will need to be included in your cultural map?
Answers: 2
image
Business, 22.06.2019 17:10, mikailah0988
At the end of the current year, accounts receivable has a balance of $550,000; allowance for doubtful accounts has a credit balance of $5,500; and sales for the year total $2,500,000. an analysis of receivables estimates uncollectible receivables as $25,000. determine the net realizable value of accounts receivable after adjustment. (hint: determine the amount of the adjusting entry for bad debt expense and the adjusted balance of allowance of doubtful accounts.)
Answers: 3
image
Business, 22.06.2019 17:40, treestump090
Aproduct has a demand of 4000 units per year. ordering cost is $20, and holding cost is $4 per unit per year. the cost-minimizing solution for this product is to order: ? a. 200 units per order. b. all 4000 units at one time. c. every 20 days. d. 10 times per year. e. none of the above
Answers: 3
image
Business, 22.06.2019 17:40, rave35
Croy inc. has the following projected sales for the next five months: month sales in units april 3,850 may 3,875 june 4,260 july 4,135 august 3,590 croy’s finished goods inventory policy is to have 60 percent of the next month’s sales on hand at the end of each month. direct material costs $2.50 per pound, and each unit requires 2 pounds. raw materials inventory policy is to have 50 percent of the next month’s production needs on hand at the end of each month. raw materials on hand at march 31 totaled 3,741 pounds. 1. determine budgeted production for april, may, and june. 2. determine the budgeted cost of materials purchased for april, may, and june. (round your answers to 2 decimal places.)
Answers: 3
You know the right answer?
Linda, who files as a single taxpayer, had agi of $280,000 for 2018. she incurred the following expe...

Questions in other subjects: