Ilene rents her second home for the entire year. During the year, Ilene reported a net loss of $10,700 from the rental. If Ilene is an active participant in the rental and her AGI is $142,500, how much of the loss can she deduct against ordinary income in the year?

Answers

Answer 1

Answer:

$3,750

Explanation:

(142,500-100000)*50% = 21,250

25,000-21,250 = $3,750

Answer 2

Ilene can claim a deduction up to a maximum limit of $3,750 against her ordinary income for that financial year, in case of meeting with the above conditions.

What is deduction?

Deduction refers to as the amount which a person can claim as being exempt from tax during the year in which a person is liable to pay taxes as such. There is a capacity of standard deduction of $100,000 for a year.

Deduction in the above case will be half of the amount left after considering a standard deduction from the AGI will be $21,250. Now, maximum allowed deduction will be deducted from an amount of $25,000.

This can be calculated as,

[tex]\rm Deduction= Maximum\ Allowed\ Limit- Actual\ Liability\\\\\rm Deduction= 25000 - 21250\\\\\rm Deduction=\$3750[/tex]

Hence, the significance of deduction is aforementioned.

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Related Questions

81) When a seller advertises an item at a low price but once in store pushes a similar item at a higher price, the seller is participating in: A) price fixing B) price discrimination C) psychological pricing D) predatory pricing E) bait and switch.

Answers

Answer:

E) bait and switch

Explanation:

BAIT AND SWITCH can be defined as a way in which a seller use advert of a low price to deceive and attract customers to their shop in which the products or item advert by seller is not available in order to sell similar or separate product to the customer at a higher price instead of selling the same product with a low price advertised by the seller.

Example a seller may advert a quality Italian shoe with a low price of $50 in order to deceive a buyer or customers to their place of business by then selling a similar product of shoe that looks like the one advertise by them to the customer at a higher price of $300.

as the basis for the first section of your lab report. This section provides your reader with background information about why you conducted this lab and how it was completed. It should be one to two paragraphs in length.

the report is on weather patterns

Answers

Answer:

Explanation:

This organism may be identified by its color, the spines on its back, the antennae, and therefore the long, thin body. There are many other characteristics that might even be wont to identify this organism.

how do you do you do a budget​

Answers

Note your net income

The first step in creating a budget is to identify the amount of money you have coming in. Remember to subtract your deductions, such as for Social Security, taxes, 401 and flexible spending account allocations, when creating a budget worksheet. Your final take-home pay is called net income, and that is the number you should use when creating a budget.

Track your spending

It’s helpful to keep track of and categorize your spending so you know where you can make adjustments. Doing so will help you identify what you are spending the most money on and where it might be easiest to cut back. Begin by listing all your fixed expenses. These are regular monthly bills such as rent or mortgage, utilities or car payments.

It’s unlikely you’ll be able to cut back on these, but knowing how much of your monthly income they take up can be helpful.

Set your goals

Long-term goals, such as saving for retirement or your child’s education, may take years to reach. Remember, your goals don’t have to be set in stone, but identifying your priorities before you start planning a budget will help.

Make a plan

With your fixed expenses, you can predict fairly accurately how much you’ll have to budget for. Use your past spending habits as a guide when trying to predict your variable expenses. You might choose to break down your expenses even further, between things you need to have and things you want to have.

Adjust your habits if necessary

Once you’ve done all this, you have what you need to complete your budget. Having documented your income and spending, you can start to see where you have money left over or where you can cut back so that you have money to put toward your goals. Want-to-have expenses are the first area to look for spending cuts. Try adjusting the numbers you’ve tracked to see how much money that frees up.

Lastly, if the numbers still aren’t adding up, you can look at adjusting your fixed expenses. You might be surprised at how much extra money you accumulate by making one minor adjustment at a time.

Keep checking in

Whatever the reason, keep checking in with your budget following the steps above.

Answer:

i do not know

Explanation:

Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the________
phase of the financial life cycle.

Fill in the blank

Answers

Beginning is the correct answer

Answer:

Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer

Explanation:

Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer Beginning is the correct answer

What are three negative effects of conflict when it is not handled well?

Answers

Answer:

Low moraleAbsenteeism, Turnover and termination.

Explanation:

Conflicts are unresolved differences between two or more parties. They are intense disagreements caused by parallel thoughts, ideology, action, or plans. When unchecked, conflicts may result in violent behavior. Other negative effects of conflict include

1. Low morale: Conflicts create a tense working environment.  Employees can not focus on their duties. Teams do not perform as cohesive units, which demoralizes employee morale. Productivity per worker reduces, which affects the overall business performance.

2. Absenteeism: Conflict in the workplaces make a section of staff feel not appreciated. They feel their ideas and efforts are not given due consideration. Staff members with such feelings will look for excuses to miss work.

3. High employee turnover :Conflicts make employees seek opportunities elsewhere.

Sometimes news organizations have biases because:
A. they are concerned about a national crisis.
B. the government pays them to be biased.
C. they need to make money and get advertisers.
D. the audience has to be influenced.

Answers

Answer:

c

Explanation:

Sometimes news organizations have biases because they need to make money and get advertisers. Hence, option C is correct.

What is organizations?

a group of people who work together in an organized way toward a common objective: the World Health Organization. The essay was about international aid organizations. more occurrences.

A structured grouping of people, such as a company, nonprofit, political party, or club, is known as an organization. These speciality schools are mostly run by nonprofit organizations. a report from the International Labor Organization.

The majority of firms today use one of three types of organizational structures: functional, departmental, or matrix. The advantages and disadvantages of each form must be considered by owners before deciding which to utilize for their business.

Thus, option C is correct.

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A learning mind map is used to aid in the organization of what type of information?
lines from a speech
o notes from class work
O priorities for a project
o plans for a project
SUBMIT ANSWER
READ NEXT SECTION
ASK FOR HELP

Answers

Answer:

Plans for a project.

Explanation:

Mind Mapping is a creative way to brainstorm the ideas, thoughts, etc. Mind mapping is a visualized way of organizing information, tasks, words, concepts, etc around the central idea. Mind mapping uses diagrams to organize thoughts, ideas, concepts, etc.

In businesses, mind mapping is used to make plans necessary for actions, brainstorming ideas, solving problems, etc. From the given options, the aid provided by a learning mind map would be 'plans for a project.' Mind mapping helps to make plans of actions and would aid any organization in the same.

So, correct option is D.

Answer:

The answer is "notes from class work'

Explanation:

Which macroeconomic goal do investments in human capital and capital goods contribute to? How?

A
Such investments contribute to the goal of price stability by increasing economic production.

B
Such investments contribute to the goal of economic growth by increasing government spending.

C
Such investments contribute to the goal of price stability by increasing consumer spending.

D
Such investments contribute to the goal of economic growth by increasing economic productivity.

Answers

I think it B I might be wrong but b is the only that make sense

What is a reasonable approach to investing in penny stocks? O Invest only if you are directly contacted by a broker. O Avoid completely because they are low-cost. O Treat with caution because they have uncertain rates of return. O Invest with confidence because they are so low-cost.​

Answers

Answer: Treat with caution because they have uncertain rates of return

Explanation:

A penny stock according to The Securities and Exchange Commission is defined as a stock that has a value of less than $5.

Because of it's uncertain rate of return, people don't usually invest in penny stocks. They are risky but if treated with caution, one can lower the risk and benefit from the trade.

Answer:

c

Explanation:

What is this form used for?
SAVINGS WITHDRAWAL
FIFTH BANK
TOWNVILLE, ST
101 S. 1ST STREET
ACCOUNT NUMBER
DATE
$
NAME
SIGNATURE
1:50117135:
02
2010 Going
to withdraw money from a savings account
to deposit money in a savings account
to order checks
open a savings account

Answers

Answer:

to withdraw money from a savings account

Explanation:

The document appears to be a  savings withdrawal form. The words Withdrawal are clearly visible, implying it is used when making withdrawals.

To withdraw is the removal or get money from a savings or checking account. Customers use the withdrawal form when they need to get money from their accounts. They need to fill in the amount required in words and figures and signs in the appropriate place. The customer then hands over the form to a teller.

is your last chance to make sure your document is ready to carry your message-and your reputation to the intended audience.​

Answers

Where is the question?
The question ain’t here

The _____ person standard is the test used to determine if a person owes a duty of care to another person.

ordinary
kind
responsible
reasonable

Answers

I believe it would be reasonable or responsible. Leaning towards reasonable

Answer:

I think reasonable because the person knows that they owe a duty, or “job”, of caring for another person. Which would only mean that they are being reasonable and rationalizing in owing something to the person.

3. The idea that service quality depends heavily on the quality of the buyer-seller interaction
during the service encounter is referred to as
(1 pc
O service productivity.
O service differentiation.
O internal marketing.
O interactive marketing.

Answers

Answer:interactive Marketing

Explanation:

It's a two-way marketing technique that emphasizes collaboration and interaction, further explained.

What is an interactive marketing and how does it work?

It's a two-way marketing technique that emphasizes collaboration and interaction. An interactive strategy turns marketing into a social activity rather than merely talking to your clients.

Interactive marketing is the concept that the quality of service is greatly influenced by the quality of the buyer-seller relationship.

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Consider the supply and the dam and of product Z:

Answers

Answer:

b

Explanation:

i think b

A contract with a mistake that results from failure to understand the contract’s meaning or significance or from failure to read the contract is:

A. unenforceable
B. void
C. constitutional
D. valid

Answers

A.............................

Even an economically sound economy will have problems managing risk and with solving investment issues. As these are resolved, it is most crucial to maintain _____. Liquidity in the market low transaction costs areas of high risk in the securities market new opportunities for savings and investment

Answers

Answer:

liquidity in the market

Explanation:

In business, market liquidity can be regarded as the trade off that exist between the price one want to sell an asset and how it can be sold out on time. It is a feature in which a particular firm as well as individuals can sell out any asset without serious change in the price of the asset. It should be noted that Even an economically sound economy will have problems managing risk and with solving investment issues. As these are resolved, it is most crucial to maintain Liquidity in the market

Which education and qualifications would a high-level National Security Officer most likely need? Check all that apply.

design skills
customer-service skills
leadership skills
bachelor’s degree
discipline
high school degree

Answers

The education and qualifications that a high-level National Security Officer would most likely need are :

leadership skillsbachelor’s degreediscipline

Becoming a National Security Officer

Through a competitive, national, merit-based annual competition, successful applicants distinguish themselves as highly motivated in their academic and career goals and in their strong commitment to public service. In return for support, award recipients agree to work in qualifying national security positions for at least one year.

Thus, the education and qualifications that a high-level National Security Officer would most likely need are :

leadership skillsbachelor’s degreediscipline

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Answer:here's the answer for this question

Explanation:edge2023

Think about where you will be in your career and your life five years into the future. Create a list of the jobs that you think you will have, the additional skills you might develop, and the further education you will pursue. Using this list, prepare a résumé for yourself that reflects where you believe you will be in five years. Once you have prepared the résumé, share it with someone in your family or with a close friend. Ask them for their insight as to whether the résumé is an accurate portrayal of where they think you will be in five years. If their opinion is different from yours, can you determine why? How might this information factor into your present and future career decision-making?

Answers

Explanation:

It is essential that when choosing the business administration course there is a directing of the student to one of the multiple administrative areas in which a career can be built.

Assuming that there is an interest in building a career with a focus on entrepreneurship in the market, it is necessary that there are significant skills for entrepreneurs, that is, communication skills, flexibility, and conceptual skills, which allow the administrator a broad view of the business, coordinating and controlling its resources to position itself favorably in the competitive market.

If your focus is to open a new business, it is necessary that you evaluate your profile, considering that this is an activity that requires resilience, organization, a lot of study and determination. When preparing your resume and asking for the opinion of people close to you, analyze if the characteristics of an entrepreneur will match yours, and adjust to develop them if necessary, seek support material, such as great scholars, scientific articles, try to observe the business scenario, and dedicate yourself to making your business prosper.

how many legs does a fish have? and how many wings on a cow?

Answers

Answer:

0 and 0

Explanation:

How is product placement different from a commercial?

business sucks!

Answers

Answer:

Product placements in music videos range from 3-5 minutes whereas product placement in movies can range in 12 minutes-1.5 hours or more in length. A commercial is specifically geared specifically toward interrupted television with a 5-30 sec ad placed in between TV shows.

Product Placement is when a trademark is seamlessly incorporated into the story and plot, of video production.

What is Product Placement?

The significant kinds of product placement are either visual, verbal, signage, or usefulness.

Product placements in theme videos vary from 3-to 5 minutes whereas product placement in movies can meander from 12 minutes-1.5 hours or more in length.

A commercial is geared especially toward interrupted television with a 5-30 sec ad established in between TV shows.

A commercial is especially geared toward interrupted television with a 5-30 sec ad established in between TV exhibitions.

The expenditures of each of these can vary which depend on the reach, demographics of viewership, target markets, time of day, and more additional variables.

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Measures that you would take to minimize landslides in your locality.​

Answers

Answer:

There are also various direct methods of preventing landslides; these include modifying slope geometry, using chemical agents to reinforce slope material, installing structures such as piles and retaining walls, grouting rock joints and fissures, diverting debris pathways, and rerouting surface and underwater drainage.

PLEASE MARK ME AS BRAINLIEST

I was trying to make the points to 200 but this is all i can do here first gets brainliest

Answers

Answer:

Thanks

Explanation:

I like ice cream :D

Answer:

thank you

Explanation:

thank you

If a door to door salesman refuses to leave your front doorstep unless you buy a vacuum, this is a contract that can be invalidated because it was created under accusation. True or false

Answers

Answer: False

Explanation:

The above statement is false because it was not created under accusation. According to the question, the buyer wasn't accused of anything.

Rather, the contract can be invalidated because the contact was created under duress. The buyer was forced to buy it and was under duress as the seller refused to leave his house. Therefore, the contact can be invalidated.

.
Lena thinks someone has stolen her identity. She isn’t sure if she should place a fraud alert on her credit report. She doesn’t understand anything about fraud alerts. What true statement could you teach Lena to help her make a more informed decision?

A fraud alert prevents anyone from viewing your credit report.

A fraud alert can stop anyone from opening any new accounts in your name.

When filing a fraud alert, you must first pay for a credit report.

To place a fraud alert, you must contact all three credit reporting agencies.

Answers

Answer:

A fraud alert prevents anyone from viewing your credit report

A fraud alert prevents anyone from viewing the credit report is the  true statement could you teach Lena to help her make a more informed decision. Thus, option A is correct.

What is credit report?

A credit history is a credit record of a borrower's timely debt repayment. A credit report is a record of a borrower's credit history obtained from a variety of sources, such as banks, credit card companies, collection agencies, and governments.

A credit score is essentially a summary of your credit history, whereas your credit report contains all the specifics of the financial history. The credit report will delve much deeper into your lending history, allowing the lender to examine how a person handled borrowed funds.

Therefore, option A is correct.

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The term performance quality refers to: Multiple Choice Customer satisfaction with the total experience of a product or service. The gap between product design specifications and actual performance of the product. The gap between actual performance of a product and customer expectations. Costs related to meeting customer demands and quality-related expectations. The difference between customer expectations (for attributes, services, functionality, etc.) and product design.

Answers

Answer:

The gap between product design specifications and actual performance of the product.

Explanation:

The term performance quality refers to the gap between product design specifications and actual performance of the product.

This ultimately implies that, a performance quality refers to a measure of the level at which the primary characteristics of a product that is being manufactured by a producer operates. Therefore, all the elements of the commitment made in a product that is to be sold to consumers by the producer is the performance quality of a product.

Hence, business firms or companies should endeavor to design a level of performance that is appropriate, effective and efficient to their customers, so as to increase the customer's level of satisfaction and enhance the chances of them using the product in the future.

ation in Business organizations
5
Select the correct answer.
Which phrase correctly defines the motives of a business?
OA. satisfying the needs of people
OB. helping a country's economy grow
OC. incurring expenses
OD. earning profits and providing value in the form of goods or services

Answers

Answer:

D. earning profits and providing value in the form of goods or services

Explanation:

Businesses are set-up to make profits. Entrepreneurs risk their resources, capital, and time with expectations to make a profit. For a business to be profitable, it must offer products or services that provide solutions to customers' problems. The reward or motivation that business people get for engaging in business is the profits realized.

Businesses face competition from other businesses offering the same products and services. To remain relevant and profitable, it must offer goods and services that give satisfaction to the customers.

A ship carrying rose folwer to France for valtines day was insured against lossess arising from accident . The ship reached the port safetly and on time but the consignment got spoiled due to delay in unlaoding. Is the insurance company liable to pay the claim of loss?Which principle of insurance is violete explain the principle?

Answers

Answer:

The insurance company is not liable because no accident happened. The flowers spoiled due to a failure in the transportation process, not due to an accident. The principle of insurance involved here is the principle of proximate cause (or nearest cause).

This principle states that the insurance company will only be liable for losses resulting from an event covered by the policy. The insured event that caused the loss must be the nearest cause of the loss. In this case it doesn't apply because the insured event was an accident and the proximate cause was an error in the transportation process.

find average utility, if total utility of 7 commodities is70​

Answers

Answer:

10

Explanation:

The average utility is the total utility derived from the consumption of goods and services divided by the total number of items consumed.

i.e,. total utility/items consumed

In this case, the total utility is 70, and the number of items consumed is 7.

Average utility = 70/7

=10

Prepare a monthly and yearly budget for Bill and Maura Jones based on the following information. They plan
on putting $50 into a college fund.
Net paychecks total = $1,555 monthly
Average monthly expenses:
Rent
$450
Utilities
$ 80
Gasoline
$ 70
Insurance
$ 90
Clothing
$ 50
Groceries
$300
Car payment $190
Car Maintenance
$ 50
Telephone
$ 25
Entertainment and Recreation $100
Gifts and donations $ 10
Personal care
$ 25
Miscellaneous $ 50
Savings - To be determined

Answers

Answer:

it is c on usa

Explanation:

The Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570. In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.

To establish an annual and monthly budget for the Jones, taking into account the expenses raised, the following calculation must be performed:

All the expenses must be added, and thus the monthly budget is obtained. It must be multiplied by 12 to obtain the annual budget.  50 + 450 + 80 + 70 + 90 + 50 + 300 + 190 + 50 + 25 + 100 + 10 + 25 + 50 = X 1,540 = X 1,555 x 2 = 3,110 3,110 - 1,540 = 1,570

Thus, the Jones have monthly income of $ 3,110, expenses of $ 1,540, and savings of $ 1,570.

3,110 x 12 = 37,320 1,540 x 12 = 18,480 1,570 x 12 = 18,840

In turn, the Jones have annual income of $ 37,320, expenses of $ 18,480, and savings of $ 18,840.

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i like this boy but how to tell him HELP ME

Answers

Answer:

eerr it depends if yall r friends or not

Explanation:

do it!!!

Answer:

try to get closee to him and text him i like everyone and then write u, if he says no say im asking u

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