Father Irving received $55,000 in ministerial earnings - $38,500 salary for ministerial services, 12.750 for performing weddings, and $13,750 excluded parsonage allowance. He incurred $7,000 of unreimbursed expenses connected with his ministerial earnings - $5,500 related to his ministerial salary and $1,500 related to the weddings performed as well employed. How much of these expenses will be deductible when figuring net income for income tax after allocation to the excluded parsonage allowance? O $1,750 $1,375 O $1,125 $375

Ummit record company is negotiating with two banks for a $157,000 loan. fidelity bank requires a compensating balance of 24 percent, discounts the loan, and wants to be paid back in four quarterly payments. southwest bank requires a compensating balance of 12 percent, does not discount the loan, but wants to be paid back in 12 monthly installments. the stated rate for both banks is 9 percent. compensating balances will be subtracted from the $157,000 in determining the available funds in part a. a-1. calculate the effective interest rate for fidelity bank and southwest bank. (do not round intermediate calculations. input your answers as a percent rounded to 2 decimal places.) a-2. which loan should summit accept? southwest bank fidelity bank b. recompute the effective cost of interest, assuming that summit ordinarily maintains $37,680 at each bank in deposits that will serve as compensating balances

Stock market crashes happen when the value of most of the stocks in the stock market increase at the same time. question 10 options: true false

According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.