Answer:
c.Scotty did not itemize deductions in 2018
Explanation:
Itemized deductions can be defined as a form of eligible expenses in which individual taxpayers can claim on federal income tax returns which will in turn reduce their taxable income, and this is said to be often claimable in place of a standard deduction, only in a situation where it is available which is why ITEMIZED DEDUCTIONS are expenses that are allowed by the IRS that can decrease your taxable income because when an individual itemize on his or her tax return, such individual can opt to pick and choose from the multitude of individual tax deductions out there instead of taking the flat-dollar standard deduction.
Therefore based on the Scotty scenario the statements that best explains why Scotty is not required to report the reimbursement in gross income is :Scotty did not itemize deductions in 2018
Answer:
It will take 13 years and 66 days
Explanation:
Giving the following information:
Your savings account earns 1.72% interest.
Present value= $3,000
Final value= $3,756
To calculate the number of years, we need to use the following formula:
n= ln(FV/PV) / ln(1+i)
n= ln(3,756/3,000) / ln(1.0172)
n= 13.18 years
To be more specific= 365*0.18= 66
It will take 13 years and 66 days
Answer:
=$600
Explanation:
Full price refers to the highest amount payable, or the total amount to be paid. Clarence must have paid the full paid which was $725.
A rebate is promotions discount given by the manufacturer. It is enjoyed by way of claiming after purchase. By filling the rebate forms , Clarence was claiming the discount entitled to her. She got a check of $125.
Her final expenditure on the camera was $725- $125= $600
=$600
Answer:
Cost of equity = 8.22%
Explanation:
Cost of equity = Dividend per share /current market value + growth rate of dividend
Cost of equity = 2/90 + 6%
Cost of equity = 0.0222 + 6%
Cost of equity =0.0222 + 0.06
Cost of equity = 0.0822
Cost of equity = 8.22%
Short position (I think you were supposed to add answers)