subject
Business, 20.04.2021 19:20 lando153

Alex, who is single, conducts an activity in 2020 that is appropriately classified as a hobby. The activity produces the following revenues and expenses: Revenue $18,000 Property taxes 3,000 Materials and supplies 4,500 Utilities 2,000 Advertising 5,000 Insurance 750 Depreciation 4,000 Without regard to this activity, Alex's AGI is $42,000. Determine the amount of income Alex must report and the amount of the expenses he is permitted to deduct. Assume Alex itemizes his deductions. Reportable income: $fill in the blank 1

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 23.06.2019 03:20, chynahgibsonwinfrey
Name successful entrepreneurs from your area whose business is related to cookery
Answers: 1
image
Business, 23.06.2019 10:00, alaj8600
Can you with personal finance homework1 abbreviation of annual percentage rate which the interest rate is applied annually to a loan or a credit card balance2 abbreviation of annual percentage yield the rate of return earn in the course of one whole year taking compounding into amount expressed as a percentage3 cash and other liquid assets such as demand deposits or treasury bills than individual possesses4 an expense that does not vary from one time period to the next5 to obtain a new loan for something on different terms often involving the pain off of an existing high-interest loan by means of a new lower interest one6 money set aside for future use7 to take money out of an account8 to plan the allocation expenditure or use of money9 the amount of money spent on food clothing and other basic necessities10 the amount of money that is anticipated to be received over a. of time either as payment for work goods or services or as profit on capital
Answers: 2
image
Business, 23.06.2019 10:50, zurfluhe
In the context in which your reading material uses the term traffic patterns are
Answers: 1
image
Business, 23.06.2019 11:00, coreyslotte
Stacy is preparing a product presentation with customer, marketing, and technical content. she will first present it to an engineering audience mainly interested in technical product details. what should she do? select the best option. hide the marketing content slides for the engineering audience. save a new version and delete unwanted slides for this audience. cut and paste all the unwanted slides to the end. create a custom slide show for multiple audiences.
Answers: 3
You know the right answer?
Alex, who is single, conducts an activity in 2020 that is appropriately classified as a hobby. The a...

Questions in other subjects:

Konu
Biology, 17.06.2021 14:00
Konu
Computers and Technology, 17.06.2021 14:00