Business
Business, 15.07.2019 21:40, destinyhope4776

Daniel, age 38, is single and has the following income and expenses in 2018: salary income $60,000net rent income 6,000dividend income 3,500payment of alimony in accordance with the separation agreement which was signed in 2018 12,000mortgage interest on residence 9,900property tax on residence 1,200contribution to traditional ira (assume the amount is fully deductible) 5,000contribution to united church 2,100loss on the sale of real estate (held for investment) 2,000medical expenses 3,250state income tax 300federal income tax 7,0001) what is daniel's gross income? 2) what is daniel's agi? 3) what is daniel's total itemized deductions (after any limitations)? this is all for 2018.

answer
Answers: 1

Other questions on the subject: Business

image
Business, 21.06.2019 19:50, Pookaapoo8832
Which of the following best describes the economic effect that results when the government increases interest rates and restricts the lending of money? a. borrowing money becomes more expensive and there is less investment in production. b. the economy grows as investments result in larger profits. c. government spending drives up prices because of greater competition for goods and services. d. consumers save more money and spend less buying goods and services.
Answers: 2
image
Business, 21.06.2019 20:20, smelcher3900
Molander corporation is a distributor of a sun umbrella used at resort hotels. data concerning the next month’s budget appear below: selling price per unit $ 29 variable expense per unit $ 14 fixed expense per month $ 12,450 unit sales per month 980 required: 1. what is the company’s margin of safety? (do not round intermediate calculations.) 2. what is the company’s margin of safety as a percentage of its sales? (round your percentage answer to 2 decimal places (i. e. 0.1234 should be entered as 12.
Answers: 3
image
Business, 21.06.2019 22:20, trea56
Steele bicycle manufacturing company currently produces the handlebars used in manufacturing its bicycles, which are high-quality racing bikes with limited sales. steele produces and sells only 10,000 bikes each year. due to the low volume of activity, steele is unable to obtain the economies of scale that larger producers achieve. for example, steele could buy the handlebars for $31 each: they cost $34 each to make. the following is a detailed breakdown of current production costs: after seeing these figures, steele's president remarked that it would be foolish for the company to continue to produce the handlebars at $34 each when it can buy them for $31 each. calculate the total relevant cost. do you agree with the president's conclusion?
Answers: 1
image
Business, 22.06.2019 06:40, Amber423
As a finance manager at allsports communication, charlie worries about the firm's borrowing requirements for the upcoming year. he knows the benefit of estimating allsports' cash disbursements and short-term investment expectations. facing these concerns, a(n) would provide charlie with valuable information by providing a good estimation of whether the firm will need to do short-term borrowing. capital budget cash budget operating budget line item budget
Answers: 3
Do you know the correct answer?
Daniel, age 38, is single and has the following income and expenses in 2018: salary income $60,000ne...

Questions in other subjects: