Kelly is 28 years old and lives in California. This year 2019 tax year, Kelly bought a new auto for $20,000 plus 1,650 in state and local sales taxes. Besides this sales tax, Kelly also paid $8,260 in state income taxes mortgage interest of $5,500 (400,000 acquisition indebtedness on her residence). If Kelly files single with AGI of $56,000, what amount of itemized deductions will she be eligible to claim

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Answer 1

$8260 + $5500= 13,760 State income taxes, but not sales taxes,


Related Questions

A loss is when:
A. Revenue is greater than expenses.
B. Revenue is less than expenses.
C. Revenue is equal to expenses.
D. None of the above.
83°F Sunny

Answers

Answer:

a if revenue is greater the loss in money will deplinish

The right answer would be B because revenue means income

which market structure is defined by a single producer?

Answers

Answer:

Monopoly. A condition that has none of the requirements for a competitive market such as adequate competition, knowledge of prices and opportunities, mobility of resources, and competitive profits is called a(n)

Explanation:

Hope it helps

what is the first step to developing your marketing mix?

Answers

Answer:

Step 1: Document Your Business Goals and Budget. ...

Step 2: Conduct A SWOT Analysis. ...

Step 3: Identify Your Target Personas. ...

Step 4: Develop Your Marketing Goals. ...

Step 5: Build Your Activity Plan.

how did the geographic location of harappa affect trade?

Answers

Answer:

The city was convenient for trading opportunities.

Explanation:

What topics should be included in the marketing plan?

Answers

Answer:

Price Place Promotion Product

Explanation:

It is pretty self explanatory.

On October 25, Yacht Doc received $210,000 for a yacht valued at $190,000 and a service contract to be performed evenly from November through February. During November, the yacht was delivered and 1 month of the service contract was performed. The remaining services are to be performed evenly over the next 3 months. In what month should the service contract be recognized as revenue

Answers

Answer:

5,000 in each month from November to February

Explanation:

210k - 190k = 20k

5k at delivery and the remaining performed over three months. Therefore $5000 per month

5k at delivery, with the remainder completed over three months. From November to February, 5,000 deliveries were made per month at a cost of 210k - 190k = 20k. As a result, $5,000 is earned each month.

What is accounting?Accounting is the process of recording, compiling, and reporting financial transactions to regulatory bodies, auditors, and the IRS.Accounting principles are the rules and regulations that businesses and other organizations must follow when reporting financial data. These guidelines standardize the language and procedures that accountants must use, making financial data analysis easier.The International Financial Reporting Standards are the most widely used set of accounting principles, having been adopted in 166 jurisdictions. The Generally Accepted Accounting Principles (GAAP) are a set of accounting standards that are only used in the United States (GAAP).

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do you believe thicker/ Williams violated copyright law with "blurred lines" why or why not​

Answers

Answer:

why not

Explanation:

why not yes of course nA

Presented below is information related to Ricky Henderson Company.
Cost Retail
Beginning inventory $ 200,000 $ 280,000
Purchases 1,375,000 2,140,000
Markups 95,000
Markup cancellations 15,000
Markdowns 35,000
Markdown cancellations 5,000
Sales revenue 2,200,000
Compute the inventory by the conventional retail inventory method. (Round ratios for computational purposes to 0 decimal places, e.g. 78% and final answer to 0 decimal places, e.g. 28,987.)
Ending inventory using conventional retail inventory method
$Presented below is information related to Ricky He

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The ending inventory using conventional retail inventory method is $170,100.

Ricky Henderson Company Ending inventory

                                          Cost                                         Retail

Beginning inventory       $200,000                                 $280,000

Add Purchases                $1,375,000                               $2,140,000

Total                                 $1,575,000                              $2,420,000                                                    

Markups                                                      $95,000

Markup cancellations                                ($15,000)

Net markup                                                                          $80,000

($95,000-$15,000)

Total                                 $1,575,000                                 $2,500,000

($2,420,000+$80,000=$2,500,000)

Markdowns                                                     $35,000

Markdown cancellations                               ($5,000)  

Net markdown                                                                       ($30,000)

($35,000-$5,000)

Sales price of goods available                                             $2,470,000

($2,500,000-$30,000)

Less Sales revenue                                                               ($2,200,000)

Ending inventory at retail                                                      $270,000    

($2,470,000-$2,200,000)     

Second step is to calculate the Cost-to-retail ratio using this formula

Cost-to-retail ratio=Cost of goods sold available/Retail price of goods available+ Net markup

Let plug in the formula

Cost-to-retail ratio=$1,575,000/($2,420,000+$80,000)

Cost-to-retail ratio=$1,575,000/$2,500,000

Cost-to-retail ratio=0.63

Third step is to calculate the ending inventory at cost (lower of cost or market) using this formula

Ending Inventory at cost =Cost-to-retail ratio× Ending inventory at retail

Let plug in the formula

Ending Inventory at cost=0.63×$270,000

Ending Inventory at cost =$170,100

Inconclusion the ending inventory using conventional retail inventory method is $170,100.

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go grub’s customer complaints have increased because its drivers often get lost when attempting deliveries, which means that the deliveries arrived late. the drivers have resisted using gps systems, claiming they know their territories, but managers are now encouraging them to look for the best solution to the increased level of customer complaints. go grub is in the ________ stage of lewin’s change model.

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Analyzing the information on the issue, it is clear that Go Grub is in the unfreezing stage of Lewin's change model, which corresponds to the first stage of change where persuasive preparation about the needs of change takes place.

To manage the changes that generate adherence to the use of GPS systems at Go Grub, it is necessary for managers to look for methods to demonstrate the advantages of the changes, such as:

Increased speed at work.Improved communication.Greater customer satisfaction.Cost reduction.

It is also important to train the employee to reduce insecurity and be honest about how the changes will make the job better, and then proceed with the changing and refreezing, according to Lewin's model.

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What are common characteristics of less-educated workers that contribute to their having higher unemployment rates than workers with more education? Multiple select question. Working lower-skilled jobs Working jobs that are vulnerable to cyclical layoff Working jobs that are more permanent Having more time between jobs

Answers

Explanation:

but nobody question to only just right now multiple select question.

Answer:

Working lower-skilled jobs, having more time between jobs, and working jobs that are vulnerable to cyclical layoff.

Explanation:

Write down the steps of the marketing research approach in the correct order.

Answers

Answer:

Explanation:

The Marketing Research Process is comprised of 6 steps: 1: Problem Definition, 2: Development of an Approach to the Problem, 3: Research Design Formulation, 4: Field Work or Data Collection, 5: Data Preparation and Analysis, 6: Report Preparation and Presentation.

In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called _____________. To obtain this measure we divide the _____________ by the ____________. This measure shows the amount of_____________ per unit of return and provides a more useful risk measure when the expected returns on two alternatives are different.

Answers

Based on the information given in the paragraph above, the measures that fill in the blanks in order are:

Coefficient of Variation Standard deviation Expected return Risk

When we have an investment with a higher expected return and a higher standard deviation than another investment, we can then base our decision on the amount of risk that we incur per return of the investment.

This measure is called the coefficient of variation and it is calculated thus:

= Standard deviation / Expected return

This will then show you the risk incurred per unit of return. The investment with the lower coefficient is the better one.

In choosing between two investments, if one has the higher expected return but the other has the lower standard deviation, we use another measure of risk called Coefficient of Variation. To obtain this measure we divide the Standard deviation by the Expected return. This measure shows the amount of Risk per unit of return...

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the principles of scientific management was written by

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Answer:

Frederick Winslow Taylor

The principles of scientific management were written by Frederick Winslow Taylor.

Who wrote The principles of scientific management?

In 1909, Taylor published "The principles of scientific management." on this, he proposed that by using optimizing and simplifying jobs, productivity could boom. He also superior the idea that people and managers needed to cooperate with each other.

Human performance engineer Frederick Taylor changed into one of the first human beings to look at management and has been called the father of scientific management. He performed time-movement studies to research the most efficient manner of doing a job after which trained employees in one's procedures.

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separation of duties is important for internal control of

Answers

Answer:

Explanation:

Both cash payments and cash receipts.

when a market allocation of resources maximizes the total surplus received by all members of society we say there is

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Whenever there is maximization of total surplus that is been received by those that are part of society by market allocation of resources then there is market Efficiency.

Economic efficiency can be regarded as economic state whereby there is allocation of resource to serve each individual or entity in way that everyone is satisfied while minimizing waste and inefficiency.

Therefore, When there is  an economy efficiency,  there would be maximization of total surplus.

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Charlotte complains that a lot of turnover is coming from branches that used to be First American Bank before the merger. She claims that the employees there were not used to so much oversight. Based on this information, First American was most likely a(n) __________ organization.

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From Charlotte's complaint we can conclude that First American was most likely an organic organization.

An organic organization can be described as an organization that has all of its employees working at the same level.

It is flexible, has little layers of management and also has the ability to adapt well to changes. Also the organization is one that has little supervision.

This is obvious because of the claim that employees were not used to so much oversight.

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Drag the tiles to the correct boxes to complete the pairs.
Project manager Derek has identified some challenges in IS Implementation. Match the challenge with the result of each challenge.
end user resistance
project completion constraints
quality issues
lack of documentation
decreases efficiency in organizations
causes difficulty in implementing is
leads to rework at the implementation stage
Increases project scope and leads to delays in projects
dmentum. All rights reserved.

Answers

The challenge matched with its results are given as follows:

end user resistance - decreases efficiency in organizationsproject completion constraints - leads to rework at the implementation stagequality issues -  causes difficulty in implementing ISlack of documentation -  increases project scope and leads to delays in projects.

What is end-user resistance?

End-user resistance is a multifaceted phenomenon. It can take many forms, including sabotage of computer equipment, staff absences or tardiness, "badmouthing" of systems, not using the systems, or continuing to use the old system.

In other words, user resistance is described as an individual's behavioral behaviors expressing aversion to a circumstance seen as unfavorable, threatening, or stressful. A tiered model of information technology implementation resistance.

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what is the cumulative effect of the inventory error on total gross profit for the 2 years?

Answers

Answer:

its lower gross profit under the LIFO then the methode FIFO

Explanation:

Which statement best describes the relationship between inflation and
savings?
A. As savings grow faster than inflation, the savings will buy less.
B. As inflation increases faster than savings, the savings are worth
less.
O C. As savings grow slower than inflation, the savings will buy more.
D. As inflation decreases faster than savings, the savings are worth
more.

Answers

Answer:

B. AS savings grow fast than inflation, the savings the savings are worth less.

Explanation:

This is because Over time, inflation can reduce the value of your savings, because prices typically go up in the future. This is most noticeable with cash. If you keep $10,000 under your bed, that money may not be able to buy as much 20 years into the future.

The statement that best describes the relationship between inflation and savings is that: As inflation increases faster than savings, the savings are worthless.

What is Inflation?

Inflation can be defined as a decrease in the purchasing power of money that is reflected in a general increase in the prices of goods and services in an economy.

The relationship between inflation and savings can be described as a point where inflation increases faster than savings, the savings would be worthless.

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Which of the following is true of disruptive technologies? A. The tech industry is the least fertile ground for disruptive technologies. B. Initially underperforming incumbents, over time their performance attributes improve to the point where they invade established markets. C. They come to market with a set of performance attributes that existing customers have demanded. D. Disruptive technologies and disruptive innovations are independent concepts. E. The term disruptive technologies is a simple one because few technologies are able to create market shocks and catalyze growth.

Answers

The true statement about disruptive technologies is they come to market with a set of performance attributes that existing customers have demanded.

Disruptive technologies are technological advancement that leads to changes in the operations of an industry, market or economy. Examples of disruptive technologies are artificial intelligence, 3d printing, cloud storage and robotics.

The technology industry is a fertile ground for disruptive technologies. This is because most inventions originate from the tech space. Disruptive technologies replace or drive out existing technologies and render them obsolete. The worst hit are underperforming incumbents.

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for a company making advanced technology, with highly specialized components, a customer divisional structure would be more effective than a modular structure. true or false?

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The modular structure would be more effective for a company making technology with specialized components (false option)

Business modular structure is a term that refers to a type of structure in which a company is subdivided into specialized small units in some particular aspect of the production process.

This type of structuring is the best option for a company that makes specialized technological objects because each subdivision of the company can focus on different processes with greater specificity.

On the other hand, this structure allows the company to constantly improve itself because a major restructuring is not required when a failure is detected but can be quickly amended in the subdivision that presents problems.

Additionally, customer divisional structure is not the best option for this company because it is not necessary to segment the target audience since its products are highly specialized and are already aimed at a specific market segment.

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which option has had the least impact on international business?

Answers

Do you have multiple choice question with this question or not?

X Company, which uses the gross method and a perpetual inventory system, sold $2,000 of merchandise on account with credit terms of 2/10,n/30. If the customer pays within the discount period and takes the discount, X will record a journal entry that includes ______. (Check all that apply.)

Answers

Answer.

Explanation.

20 Characters long

how has technology led to a lost in job​

Answers

Yes technology has led to loss in jobs

Explanation:

The development of technology has lead in loss of jobs for many ppl

In different factories they have been some development this decent years and the work that used to be done by many workers is now done only by a machine or a dozen.

cost is not paid by the insurance company and are unrecoverable

Answers

Answer:

yes

pls mark brain

Explanation:

Name at least 4 management skills which you think you already have. Justify your answer and identify ways on how you could further develop your chosen management skills.​

Answers

Answer:

Hello there,

I'll answer based on myself,

The management skills I think I have are;

Planning, To achieve my goals, planning is an essential skill that I must have. Short term and long term goals need planning to be achieved and the short term goals like assignment completion and helping with chores at home must be done within a scope of at most a week and not more. And long term goals are ongoing and the fast they can be achieved within a year is more favourable. By continuous planning I gain more experience when my plans don't give. I usually ask my parents, teachers and experts on my plans to further better them. Decision making; With decision making, planning is much easier because I get to choose the best choice out of many layouts of plans I have. Deciding on my priorities is best way to figure out the best plans. This is usually based on past experience to make it better and ask help from parents and teachers. Delegation; This is most evident in my duties at school as a leader and assigning work in projects. It's not that some duties can't be performed by me but delegation is superb when a single person can concentrate on allocated tasks in full efficiency. It allows fast error checking and less slacking. I continue to learn this through projects given at school, getting help from parents and older siblings. Communication; I believe the best system works in a clear back to back communication. Good thing the environment am in allows thorough communication. And as a leader, youth, student and a responsible community member communication has been a great tool to make known our strengths and weaknesses. My parents, teachers have cultivated an environment that allows clear channels of communication.

Question Mode Multiple Choice Question A marketing channel in which multiple segments are owned by the parent company is known as a(n) ______. Multiple choice question. conventional marketing channel independent marketing channel corporate vertical marketing system unified horizontal marketing system

Answers

Answer:

marketing channel....

Witch of the following is a current asset?
A- Employee
B- Land
C- Supplies
D- Mortage

Answers

I feel like C would be the answer

which task is carried out by book keeping

Answers

Answer:

Explanation:

Invoices and unpaid bills are one of the most important responsibilities of the bookkeeper. A bookkeeper who fails to keep an account of the money flowing into and out of the business, for instance, makes it all too easy to spend money that isn't there.

Which of the following businesses describes a branch?
A. CarCity is a car dealership that is old by a large company but operated by a group.
B. Easy as Fries, a fast-food restaurant, is operated by one person but still owned by a large company.
C. Photo Finish, a sports photography business, has many locations that are owned an operated by the company.
D. Hit the books, a Tutoring business, has one location in San Diego, California

Answers

I believe that it’s C
ANSWER =C

Photo Finish, a sports photography business, has many locations that are owned an operated by the company is the businesses describes a branch. Hence, option C is correct.

What is meant by photography business?

A variety of services are offered by professional photography studios, including portraiture, commercial photography, event photography including weddings, family gatherings, bar mitzvahs, and more, convention photography, and more.

Their creativity, which is the art or process of making images by the influence of radiant energy, particularly light, on a sensitive surface, is expressed through shades, tones, smiles, joy, and even sadness.

To start, you can increase brand awareness by including brand-specific colors in your images. Additionally, your image might inspire bto take action. Good pictures elicit an emotion. Within that attitude, an emotion develops, which inspires potential customers to become clients.

Thus, option C is correct.

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