During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 State occupational license fee 450 Personal property tax on value of automobile 400 What amount can Jasmine claim as taxes in itemizing deductions from AGI

Answers

Answer 1

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350


Related Questions

If the MPC is 0.8 and government transfers to households decrease by $50 million, then equilibrium GDP will decrease by:

Answers

The equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

Transfer payment multiplier = MPC / (1 - MPC)

Transfer payment multiplier = 0.8 / (1 - 0.8)

Transfer payment multiplier = 0.8 / 0.2

Transfer payment multiplier = 4

If the government transfers decrease by $50 million.

Equilibrium GDP will decrease by:

= $50 million * 4

= $200 million.

Therefore, the equilibrium GDP will decrease by $200 million if the government transfers to households decrease by $50 million.

See similar solution here

brainly.com/question/20264255

Perry Mazza wants to borrow $30,000 from the bank. The interest rate is 6% and the term is for 5 years.

What is the yearly payment amount?
A.$360
B.$6,360
C.$1,800
D.$18,000

Answers

The answer for this problem is c

Josie is trying to figure out how to implement her investing strategy. She wants to compare online
brokers, financial advisors and robo-advisors. What are 2 questions that she should consider during
her research? Note: You don't need to answer the questions, only ask them.

Answers

Considering the situation described above, the 2 questions that Josie should consider during her research include "In your respective industry, what is the most important advice you can give to a first-time investor.?"

The other question Josie should consider during her research include:

Considering the current pandemic period, which line of investment has stood the test of time?

These questions is expected to yield answers that would guide Josie on how to implement her investment strategy to yield desired results.

Hence, in this case, it is concluded that Josie needs to ask the right questions to give her informative answers that can be used in the investment implementation.

Learn more here: https://brainly.com/question/17728414

supportive, value-based, and work facilitation are examples of the ________ element in house’s revised path-goal leadership model.

Answers

Based on the components of the path-goal leadership model, supportive, value-based, and work facilitation are examples of Leadership behaviors elements in the House’s revised path-goal leadership model.

The other significant elements in House's revised path-goal leadership model include the following:

Follower's characteristics;Task Characteristics.

House R.J was 1971 started these elements in his work titled "A Path-Goal Theory of Leader Effectiveness."

These elements define a different aspect of effective leadership.

Hence, in this case, it is concluded that the correct answer is "Leadership behaviors."

Learn more here: https://brainly.com/question/13847556

Companies in European countries sometimes compete with imports of their own products at lower prices because of _____. Multiple choice question. different taxes and competitive price structures the flexibility in import quotas the decline of illegal imports and uniform prices lowered tariffs and similar tax benefits

Answers

The importing and exporting activity of a country can affect its GDP, its exchange rate, and interest rates. Companies in European countries sometimes compete with imports of their own products at lower prices because of different taxes and competitive price structures

 A weaker domestic currency often leads to exports and also makes imports more expensive and so therefore, a strong domestic currency boast exports and makes imports cheaper.

Pricing as an active instrument  is often used by firms to sets prices so as to achieve specific goals, including targeted returns on profit and targeted sales volumes.

Taxes that is placed on goods/services have a lot of ways that it influences the prices of that goods and services.

Learn more from

https://brainly.com/question/4979016

When did Lillie allow an external company access to her credit report specifically for an auto loan? 5/10/2015 6/5/2015 12/15/2016 5/10/2017

Answers

The question is about when Lillie allowed an external company to its credit report.

Lillie received a request by Toyota Financials for her credit report access on 5/10/2015 for an auto loan approval.

She provided the access on 5/10/2017 since the date of removal for this inquiry is 5/10/2017. There is a delay in providing access to the financials of about 2 years.

Lillie allowed access to the external company, Toyota Financial to her credit reports in order to satisfy the company about her financial position and grant her an auto loan.

The correct answer is 5/10/2017.

Learn more at https://brainly.com/question/25522789

why was slavery more successful than other labor systems in meeting the labor needs of the colonial america market economy

Answers

Answer:

Cheap & effective

Explanation:

this source of labor was easily abusable and by having people you don't need to pay and spend barely anything on feeding them it makes it easier to build the USA. I don't agree with the USA being founded on this but other countries were doing this so the USA did it also.

General partners must obtain approval from a majority of the limited partners in order to manage the business. True or False

Answers

General partners do not have to obtain approval to run the business which means that this statement is FALSE.

In a Limited Partnership:

The limited partners are not involved in the running of the business The general partner makes all the relevant decisions involved in running the company

The general partner therefore, does not have to take permission from the limited partners to manage the business. The limited partners have limited roles with one of them being that they do not run the business.

In conclusion, this statement is false.

Find out more at https://brainly.com/question/12006026.

3. Suppose we have an investment of $10,000 that is earning 2.1% interest compounded continuously. How long would it take to triple the initial investment

Answers

It will take an approximate of 52 years to triple the initial investment.

The formula for Future value is A = Pe^(rt)

Given Information

Triple amount

Rate = 2.1%

[tex]3 = e^(.0.021t)\\ln(3) = 0.021t\\t = ln(3)/0.021\\t = 1.09861228867 / 0.021\\t = 52.314870889\\t = 52.31[/tex]

Therefore, it will take an approximate of 52 years to triple the initial investment.

See similar solution here

brainly.com/question/19649471

Linda is having trouble in her economics class. Although she understands the material, she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand. Which condition is Linda most likely struggling with

Answers

Based on the information given, the condition that Linda is most likely struggling with is writing disorder.

From the information given, it was stated that Linda is having trouble in her economics class and that she often gets low grades on her essays because she uses inaccurate language and her sentences are difficult to understand.

The above shows that she has a writing disorder. It's also referred to as dysgraphia. It's when an individual has problems with writing. This has a negative impact on the grade of such a person.

Read related link on:

https://brainly.com/question/25628373

The most important labor force issue for developed economies is their _________ populations. global diverse aging all of these

Answers

The answer here is ‘aging’.

I hope this can help.

What will the overall commercial revenue generated by vr and ar.

Answers

According to the graph, the overall commercial revenue generated by VR and AR is $ 18 Billion.

The image is a bar graph that presents the overall revenue generated by sales for VR and AR solutions/hardware in $ Billion for 5 years.

The data presented in the graph are:

The first year - $ 18 billion.The second-year - $ 38 billion.The Third-year - $ 105 billion.The fourth-year - $ 170 billion.The Fifth year - $ 215 billion.

According to this information, it can be inferred that the overall revenue generated by the commercialization of these VR and AR technological devices generated $ 18 billion in the first year, then the correct answer is C. because it mentions the appropriate amount.

Note: This question is incomplete because there is some information missing and the graph. Here is the complete information and the graph.

What will the overall commercial revenue generated by VR and AR be in the Human Resources industry be in Year 1?

A) $ 1.44 Billion

B) $ 1,224 Billion

C) $ 18 Billion

D) $ 1.08 Billion

E) $ 864 Million

Learn more about VR in: https://brainly.com/question/4393716

List one thing you SHOULD do if your car loan suddenly becomes too expensive.

Answers

Answer:

Modify Your Auto Loan.

Refinance Your Vehicle Loan.

Trade-in Your Car.

Let Someone Else Assume Your Loan.

Sell Your Vehicle.

Turn the Keys In.

Let Your Car Be Repossessed.

File for Bankruptcy.

relative to those with low levels of social support, individuals with high levels of social support ________.

Answers

Social support refers to the help rendered by different institutions in society. Family members, social institutions, and religious bodies all play a vital role. Relative to those with low levels of social support, individuals with high levels of social support

Tend to tolerate stress well

Experience has shown that when individuals have supportive family members and social institutions they will respond more positively to stress. ]

This is because they will receive encouragement that will push them to forge on and not give up. This makes them stronger.

Learn more here:

https://brainly.com/question/1048991

The consumer buying decision process involves _______ stages. The first stage is ____________, and the last stage is _____________.

Answers

Five; problem recognition; post- purchase behavior.

The decision-making process for consumer purchases has five stages. Problem recognition is the first step, and post-purchase behavior is the last.

What is a decision-making process?

The process of choosing a course of action involves identifying a decision, acquiring data, and weighing potential answers. By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions.

By collecting pertinent information and identifying options, a step-by-step decision-making process can assist one in making more careful, considered decisions. By using this strategy, one have a better chance of selecting the option that will satisfy one the most.

Here, effective decision-making is defined as the procedure by which options are chosen and then managed through execution to meet organisational goals.

Effective decisions are the outcome of a methodical procedure that has aspects that are precisely specified and is handled in a specific order.

Learn more about decision-making from here:

https://brainly.com/question/19901674

#SPJ2

In which situation may completion of an approved refresher course or 120 hours of continuing education most likely be required

Answers

A practicing nurse who allowed her license to lapse about 7 years ago because of family raising may be required to complete an approved refresher course or 120 hours of continuing education.

A nurse can opt to let their medical license lapse if they want to raise a family since they need to give a full attention.

However, the nurse can obtain new license by completing an approved refresher course or 120 hours of continuing education.

Read more about this here

brainly.com/question/4666914

You invest $3,500 at 10% compounded annually for 3 years. How much will your investment be worth in 3 years

Answers

Answer:

Your total balance after 3 years would be $4,658.5 with a total compounded interest of $1,158.5

Lexon Corp. produces high-nutrition breakfast products. As it enters into foreign markets, it faces strong pressures for both reducing costs and adapting products for local markets. Based on this, the company should use a

Answers

Since the company faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

A transnational strategy simply refers to a business structure where the global business activities of a company are coordinated through cooperation and interdependence between the head office and local subsidiaries.

Since Lexon Corp faces strong pressures for both reducing costs and adapting products for local markets, it should use a transnational strategy.

Read related link on:

https://brainly.com/question/25630852

Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the lesson to support your answer.

Answers

Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.

As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.

Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.

Learn more here:

https://brainly.com/question/7780461

Can someone please reading this and tell me if it sounds good so far, thanks!

Answers

It sounds good so far! nice job

It actually isn't bad; I would take out the freshman year sentence though.

Shida has had such great success with his IT consulting company for the last five years that he was able to pay himself a competitive salary within the first 18 months of operation. According to the GEM study, Shida is a/an ______.

Answers

Shida is seen as potential entrepreneur according to the GEM study.

GEM study is conducted by Global Entrepreneurship Monitor that tracked rates of entrepreneurship.

The study conducted on Shisa as a IT Expert shows that the company tries to understand how his entrepreneur skills enables him to pay himself a competitive salary within the first 18 months.

Therefore, Shida is seen as potential entrepreneur according to the GEM study.

Read more about this here

brainly.com/question/24003027

Taxes assessed on which single industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues

Answers

Considering the macroeconomic analysis, Taxes assessed on the Petroleum or Oil industry form a significant source of income for the state and add an element of unpredictability when projecting future revenues.

This is because the petroleum industry is known for its high generating revenue, which has become a significant export for many countries worldwide.

Some countries that rely on petroleum or oil industry include OPEC countries, Russia, Brunei, etc.

However, given that many technologies are trying to move away from Petroleum energy, and due to its non-renewable nature, the revenue from the Petroleum industry is considered unpredictable.

Hence, in this case, it is concluded that the correct answer is Petroleum Industry.

Learn more about Petroleum Industry here: https://brainly.com/question/15212729

Total revenue minus the total _____ and total _____ costs of production is economic profit. Multiple choice question. explicit; accounting explicit; modified implicit; explicit implicit; modified

Answers

Total revenue minus the total explicit and total implicit costs of production is economic profit.

Economic profit is accounting profit less implicit or opportunity costs. It is also total revenue less explicit and implicit cost.

Explicit cost is the amount used in running a business. Examples are rent and wages.

Implicit cost is the cost of the next best option that is let gone off when one option is chosen over other options. For example, a baker leaves his job to start his own business. His implicit cost is the wages he earned as a baker.

A similar question was answered here: https://brainly.com/question/15036999

Emmanuel thrives when he is assigned to projects that are mostly self-directed. He can be trusted to work on the project independently and check in with his supervisor as needed. Emmanuel also prefers to be paid incentives for quality work. Emmanuel likely has

Answers

Based on the information given about Emmanuel, it can be deduced that he has an internal locus of control.

Locus of control simply means the degree to which individuals believe that they have control over the outcome of events.

Locus of control simply infers that the outcome of actions are the result of one's abilities. Since Emmanuel thrives when he is assigned to projects that are mostly self-directed, and can be trusted to work independently, he has an internal locus of control.

Read related link on:

https://brainly.com/question/25590888

In ________ programs, annual compensation increases are usually linked to performance appraisal ratings.

Answers

Answer:

Performance appraisal (PA) is a method by which the job performance of an employee is documented and evaluated. Performance appraisals are a part of career development and consist of regular reviews of employee performance within organizations.

A merit rating is a score that each state assigns to employers based on their employment stability and employee turnover. The state then uses the merit rating to levy state unemployment taxes on each employer. Companies with lower ratings will have to pay lower unemployment tax percentages.

Explanation:

i hope that helps

Education benefits both students and the community. Suppose students purchasing education consider only their own benefits when determining how much education to obtain and schools supplying education consider only their costs when determining how much education to supply.

Answers

Education has help man to be able to shape a better society to live in by knowing and obeying rights, laws etc. In this situation, the social benefit will be Greater than the private benefit and the amount of education produced will be below the socially efficient amount.

Education has help in a lot of ways. These ways includes;

It has help to become better citizens.It has also help people to secure  better-paid job. Education shows us the essence of hard work.

Community education is also called community-based education. This is simply  an organization's programs aim to promote learning and social development work with individuals and groups in a said communities through the agent of  formal and informal methods.

Learn more from

https://brainly.com/question/14143681

Identify what is needed to calculate the P/E ratio. (Check all that apply.) Multiple select question. Return on equity Average stockholders' equity Earnings per share Common stock dividends declared Stock price

Answers

The computation of the P/E (Price/Earnings) ratio requires C. Earnings per share and E. Stock price.

The Stock price is the current market price per share of the company's stock. The Earnings per share (EPS) is the net income (less preferred dividend) divided by the number of outstanding common stock shares.

Thus, the P/E ratio computation requires C and E.

Learnn more: https://brainly.com/question/25785735

In the context of collaborative planning, forecasting, and replenishment (CPFR), handling unforeseen problems is called _____ management.

Answers

It should be noted that collaborative planning, forecasting, and replenishment, handling unforeseen problems are known as exception management.

Management by exception simply means a style of business management which focuses on the identification and handling of cases that deviate from the norm.

Management by exception dictates that unusual nature should be reported to senior managers. Therefore, collaborative planning, forecasting, and replenishment, depicts exception management.

Read related link on:

https://brainly.com/question/25516976

EconomicsAlthough GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.b. The costs of air and water pollution.c. Funds spent by city governments to renovate their buildings.d. The leisure time they have.
When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the_____component of GDP while also_____net exports by the same amount. Therefore, the purchase of wood from Brazil_____in US GDP.

Answers

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States:  

a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

b. The costs of air and water pollution

d. The leisure time they have

The purchase of wood from Brazil, the import component of GDP increases whole net exports decreases by the same amount. The purchase of wood from Brazil decreases US GDP.

Gross domestic product is the sum of final products produced in a country within a given period. GDP can be determined using the expenditure, income or value added product.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + Net export

Items not included in the calculation of GDP includes:  

1. Activities not reported to the government  

2. illegal activities

3. sale or purchase of used products

4. externalities

To learn more, please check: https://brainly.com/question/22684423

The existence of a ________ means that the interest rate on a two-year bond will exceed the average interest rate on two successive one-year bonds.

Answers

The answer is risk-premium
Other Questions
Many settlers traveled west in covered wagons.TrueFalse please help i dont understand this! Organisms require a variety of chemical nutrients, such as ______, which are components of proteins, nucleic acids, and ATP. A gym is offering a deal to members. Customers can sign up by paying a registration fee of $100 and $28 per month. The function that models this situation is c(m) = 28m + 100, where m is the number of months and c(m) is the cost of becoming a member.Determine:6. the shape of the graph7. the independent and dependent variables8. the domain and range9. Interpret the slope and y-intercept values10. How much will the membership cost for a whole year? 5p + 3 = 15Write a situation that this equation could help you solve and explain how each part of the equation relates to the situation you create. Please tell me what your favorite magical animal is. Help with an essay about magical animals and I need to know what the most popular three are. Hi can someone plz help me!! Im behind on this and I really need help on it. I will try to mark as brainliest Brian, Pip and Sara share some sweets in the ratio 4:2:1. Brian gets 45 more sweets than Sara. How many sweets are there altogether? True or false: Changes in cash are classified as either operating activities, direct activities or indirect activities. A gas has a volume of 3.7 liters with a pressure of 1.75 atm. What is the pressure of the gas if its volume is raised to 4.5 L? What are the principles for cooking poultry and what happens when they are not followed? Moved like bright what is the significance solve pls braniliest FIGURE OF SPEECHThe kangaroo kicked the kidis ita ALLITERATIONb METAPHORc ONOMATOPOEIA Although the allies assumed theU.S.would take action at the startof WWI, which of these is a reasonthe U.S. did not get involved atthe beginning of the war?A. The U.S. supported Germany at the start ofthe war.B. The U.S. did not see a gain nationally forgetting involved.C. The U.S. did not have the military power tobecome a participant at the beginning of the war.D. The U.S. was fighting the Spanish-AmericanWar. The following accounts appear in the ledger of Monroe Entertainment Co. All accounts have normal balances.Accounts Payable $1,500 Fees Earned $3,600Accounts Receivable 1,800 Insurance Expense 1,300Prepaid Insurance 2,000 Land 3,000Cash 3,200 Wages Expense 1,400Drawing 1,200 Capital 8,800Total assets area. $10,000b. $9,800c. $9,700d. $8,000 I need help with help with this. (*_*) Drag each bar to the correct location on the graph. Each bar can be used more than once. Not all bars will be used.Ella surveyed a group of boys in her grade to find their heights in inches. The heights are below.have a grate day and thx for helping67, 63, 69, 72, 77, 74, 62, 73, 64, 71, 78, 67, 61, 74, 79, 57, 66, 63, 62, 71 ,73, 68, 64, 67, 56, 76, 62, 74Create a histogram that correctly represents the data.Reset Next Can you help me with these questions?I already did 3 which are the highlighted ones. Help me with the ones that are not. Four year old Sam has been hitting other children at preschool. He may have learned this behavior from his parents who regularly spank him. What approach to personality best explains Sam's behavior?A.psychodynamicB.behavioralC.humanisticD.biological