Antoine is single and has AGI of $277,000 for 2020. He incurred the following expenses and losses during the year: Medical expenses before the 7.5%-of-AGI limitation $44,225
State and local income taxes 2,700
State sales tax 2,900
Real estate taxes 13,400
Home mortgage interest 12,800
Credit card interest 815
Charitable contribution 11,700
Casualty loss before 10% limitation (after $100 floor; not in a Federally 20,600 declared disaster area)
Unreimbursed employee expenses 14,400
If required, round any computations to the nearest dollar.
Calculate Antoine's allowable itemized deductions for the year.

3. describe the purpose of the sec. (1-4 sentences. 2.0 points)

Stormie zanzibar owns a bakery in the fictitious country of olombia. each month the government’s market ministry mails her a large list of the regulated price of goods which include products like bread, muffins and flat bread. the list also dictates the types of goods she can sell at the bakery and what she is to charge. because of the regulations placed on these goods, stormie has increased her production of sweets, pies, cakes, croissants and buns and decreased her supply of breads, muffins and flat bread. she has taken these steps because the sweet goods’ prices are not government controlled. stormie zanzibar lives under what type of economy?

The company is experiencing an increase in competition, and at the same time they are building more production facilities in southeast asia. in this scenario, the top management team is most likely to multiple choice increase the cost of their products. restructure to reflect a more bureaucratic, stable organization. pull decision-making responsibility from low-level management, taking it on themselves. give lower-level managers the authority to make decisions to benefit the firm. rid themselves of all buffering product.