Answer:
$72,000
Explanation:
To calculate investment interest expense dedcution, we need to know the total investment income & total investment interest expenses
Then there're 2 scenarios as followings:
- If the investment interest expenses are less than the net investment income, the entire investment interest expense is deductible.
- If the investment interest expenses are more than the net investment income, we can deduct the expenses up to the net investment income amount. The rest of the expenses are carried forward to next year.
In this example, Ramon's investment income is $72,000 ($34,500 of interest and a $37,500 net capital gain on the sale of securities); is lower than his interest expenses of $83,100.
So Ramon is entiled to deduct $72,000 all the entire investment interest expense in current year
The nation with the largest percentage of publicly held land is United state of America. These lands are usually set aside for different purposes such as parks, refuge camps, forests, historical places, etc.
Option A. It is a process by which consumers interpret information in ways that are biased by their previously held beliefs.
<h3>What is selective distortion?</h3>
This is the term that is used to refer to the way people reason using their subconscious mind.
This type of reasoning happens as a person would try to make new information to fit with the old reasoning they have.
Read more on selective distortion here:
brainly.com/question/14969833
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The answer is c
i hope that helped
Answer:
$1,521,800
Explanation:
The computation of cost basis is shown below:-
Three cells cost price = 3 × $470,000
= $1,410,000
Combination of rate charges = $30,000 + $16,000 + $39,000 + $3,600
= $88,600
Wages of one foreman = wage per hour × weeks worked × hours per week
= $29 × 5 × 40
= $5,800
Wages of 4 foremen = 4 × $5,800
= $23,200
Three cells cost basis = Three cells cost price + Combination of rate charges + Wages of one foreman
= $1,410,000 + $88,600 + $23,200
= $1,521,800
