Business, 29.10.2021 04:00, whitegirlkodakk9644

The following taxes were paid by the Browns during the year: real estate taxes on their home, $2,000; state income taxes, $4,500; city sales tax, $2,800; state sales taxes of $400 paid while on vacation to states other than the state in which they resided; state gasoline tax (personal use of automobile), $30; dog licenses, $20; and real estate taxes on the home of Mrs. George Brown, mother of Barney Brown, $1,450. Barney's mother owns her home. In itemizing their deductions, the Browns should claim a deduction of taxes of:. a. $9,960
b. $6,500
c. $9,510
d. $10,380
e. None of these

Answers: 3

Show answers

Other questions on the subject: Business

Business, 21.06.2019 20:00, tiannaetzel

During 2017, sheridan company expected job no. 26 to cost $300000 of overhead, $500000 of materials, and $200000 in labor. sheridan applied overhead based on direct labor cost. actual production required an overhead cost of $260000, $510000 in materials used, and $150000 in labor. all of the goods were completed. what amount was transferred to finished goods?

Answers: 1

continue

Business, 22.06.2019 17:00, justyne2004

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

Answers: 1

continue

Business, 22.06.2019 17:50, pickles3233

The management of a supermarket wants to adopt a new promotional policy of giving a free gift to every customer who spends > a certain amount per visit at this supermarket. the expectation of the management is that after this promotional policy is advertised, the expenditures for all customers at this supermarket will be normally distributed with a mean of $95 and a standard deviation of $20. if the management wants to give free gifts to at most 10% of the customers, what should the amount be above which a customer would receive a free gift?

Answers: 1

continue

Business, 22.06.2019 19:00, jediDR

Tri fecta, a partnership, had revenues of $369,000 in its first year of operations. the partnership has not collected on $45,000 of its sales and still owes $39,500 on $155,000 of merchandise it purchased. there was no inventory on hand at the end of the year. the partnership paid $27,000 in salaries. the partners invested $48,000 in the business and $23,000 was borrowed on a five-year note. the partnership paid $2,070 in interest that was the amount owed for the year and paid $9,500 for a two-year insurance policy on the first day of business. compute net income for the first year for tri fecta.

Answers: 2

continue

Do you know the correct answer?

The following taxes were paid by the Browns during the year: real estate taxes on their home, $2,000...