xavier us single and his agi is $73200. he incurred the following unreimbursed medical expenses
$4900 hospital and ambulance
$550 prescriptions
$2500 doctor and dental copays
$300 prescription eye glasses
what amount of medical expenses can he deduct on sch a
a) $0
b) $930
c) $2760
d) $8250
Answers
Xavier can deduct $2,760 of his medical expenses on Schedule A.
How to find the amount of medical expenses can he deduct on sch AFor tax year 2022, the threshold for deducting medical expenses is 7.5% of the taxpayer's AGI.
Therefore, Xavier can only deduct the portion of his medical expenses that exceeds 7.5% of his AGI.
Let's calculate the deductible amount:
7.5% of $73,200 AGI = $5,490
Total medical expenses incurred by Xavier = $4,900 (hospital and ambulance) + $550 (prescriptions) + $2,500 (doctor and dental copays) + $300 (prescription eyeglasses) = $8,250
Since the total medical expenses ($8,250) exceed the deductible threshold ($5,490), Xavier can deduct the excess amount:
Deductible medical expenses = Total medical expenses - Deductible threshold
Deductible medical expenses = $8,250 - $5,490 = $2,760
Therefore, Xavier can deduct $2,760 of his medical expenses on Schedule A.
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Related Questions
when a customer returns Goods the seller will prepare a
Answers
Answer:
Purchase return.
Explanation:
A purchase return is a book usually prepared by the seller to record items such as fixed assets , inventories returned by the buyer. It is important that sellers take note of purchase returns as they could cut down the profit of business.
Goods or inventories may be returned by buyers due to buying defect products, goods ordered by the buyer are higher than what is required hence returns the excess, wrong supply of goods by the seller etc.
A seller may however charge a fee if the goods returned is due to the buyer's fault or the seller gives allowance to the buyer if the fault is his.
choi company determined that the book basis of its office building exceeded the tax basis by $800,000. this basis difference is properly charactorized as
Answers
Option B is correct. Company found that the office building's book base exceeded its tax base by $800,000. This base difference is correctly called the taxable temporary difference and the favorable book tax difference.
A taxable temporary difference is one that will become taxable in the future when an asset (or liability) is realized (or settled). A deductible temporary difference is one that will result in a tax credit or savings when the asset (or liability) is realized (or settled) in the future.
Deferred tax liabilities represent taxable temporary differences multiplied by the appropriate tax rate. Deductible temporary differences give rise to deferred tax assets. Deferred tax assets represent deductible temporary differences multiplied by the appropriate tax rate.
Deferred tax is a tax on temporary differences that result in a mismatch between the income statement expense and the tax payable. Depending on the circumstances, a deferred tax asset (DTA) or deferred tax liability (DTL) may arise.
Temporary differences arise when operating income or operating expenses are recognized in different periods between the financial statements and tax returns. These differences could include differences in revenue recognition, expenses incurred but not yet paid, or depreciation calculations, reports Finance Train.
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The complete question is:
Choi Company determined that the book basis of its office building exceeded the tax basis by $800,000.This basis difference is properly characterized as:
A. Permanent difference
B. Taxable temporary difference
C. Deductible temporary difference
D. Favorable book-tax difference
E. Both B and D are correct
help i'm desperate time is tight
Answers
other things the same, which of the following would increase productivity? a. an increase in either human or physical capital b. an increase in human capital but not an increase in physical capital c. an increase in physical capital but not an increase in human capital d. neither an increase in human capital nor an increase in physical capital
Answers
If other things are kept the same, (a) either an increase in human capital or an increase in physical capital would increase productivity.
When money is invested in people's education, training, and health care, the population is transformed into human capital. In actuality, their pool of knowledge and skills is their human capital. One way in which human capital differs from other resources like land and physical capital is that human capital can utilize both.
Investment in human capital can make it into a beneficial asset (for example, by spending resources on education and health for all, training of industrial and agricultural workers in the use of modern technology, useful scientific research, and so on).
Physical capital is made up of physical items that businesses invest in or purchase to manufacture things. Physical capital assets that are reusable and not consumed during production, such as manufacturing equipment, also fall under the category of fixed capital.
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Select the examples that best demonstrate likely tasks for Business Financial Management and Accounting workers.
Check all that apply
Horace documents information about a company's spending on a computer
Sun creates a budget to show how money will be used
Noel creates goals and policies for a company and presents them at a meeting
Jermaine researches a company's potential customers and ways to sell to them.
Selina helps employees and management to negotiate and come to agreement.
Aubrey checks documents and reports to make sure they are accurate and complete
Answers
Answer:
A.) Horace documents information about a company’s spending on a computer.
B.) Sun creates a budget to show how money will be used.
F.) Aubrey checks documents and reports to make sure they are accurate and complete.
Explanation:
I did the assignment
Answer:
A.) Horace documents information about a company’s spending on a computer.
B.) Sun creates a budget to show how money will be used.
F.) Aubrey checks documents and reports to make sure they are accurate and complete.
Explanation:
took it on edge 2020 and got it right
What is a government in regulatory bodies?
Answers
Answer:
A regulatory body also called regulatory agency is a public authority or a government agency which is accountable for exercising autonomous authority over some area of human activity in a regulatory or supervisory capacity.
Explanation:
Which of the following individuals would be considered unemployed when calculating the unemployment rate?
Answers
The unemployment rate is a statistics which shows the percentage of the labor force that are with a job in an economy in a given period of time
The individuals which would be considered as unemployed when calculating the unemployment rate includes:
People who are jobless.Individuals looking for a job.Individuals who available for work but are unemployed.The unemployment rate are used government to make important economic decision.
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Answer:
A 22-year-old teacher who recently lost his job and is currently looking for a new one
Explanation:
Individuals that are retired, under the age of 16, or currently employed are not considered when calculating the unemployment rate.
Hope this helps!
True or false
the given statements refer to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms. label the statements as being either true or false. each term is used more than once.
statement 1: monopolistically competitive firms will produce where price=marginal revenue=marginal cost in the short run.
statement 2: monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue=marginal cost, which means that price>marginal cost in the short run.
statement 3: monopolistically competitive firms will have positive profits even in the long run.
statement 4: monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. this means that monopolistically competitive firms will not experience economies of scale in the long run
Answers
For the given statements referring to the pricing, economic efficiency, and resource allocation for monopolistically competitive firms.
Statement 1: False
Statement 2: True
Statement 3: False
Statement 4: True
Statement 1: Monopolistically competitive firms will produce only where the marginal revenue equals the marginal cost in the short run.
Statement 2: Monopolistically competitive firms are inefficient in their use of resources since they produce at the point where marginal revenue equals the marginal cost, which means that price>marginal cost in the short run. This is a correct statement.
Statement 3: Monopolistically competitive firms will have positive profits even in the long run. This statement is incorrect. In the long run they will have zero profit due to the no cost entry (free entry) and the exit of firms.
Statement 4: Monopolistically competitive firms will have demand curves tangent to the left of minimum average total cost. This means that monopolistically competitive firms will not experience economies of scale in the long run.
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I am so sorry this is the last of the points that i got, so tell me what is the most important think that you own that you can never get rid of
Answers
My doggo and my cat. Also maybe snakes
Name three tasks a military police personnel stationed at a detention facility might be responsible for on any given day.
Answers
In this text, Grady is expressing high hopes based on the South's A. capital investment and labor base. B. social system and new diversified industry. C. new diversified industry and capital investment. D. social system and labor base.
Answers
Answer: social system and new diversified industry
Explanation:
Based on the text, we can derive the information that in the past, the South was about slavery and secession but that it's dead.
The new South is about union and freedom which represents a perfect democracy, and there is a social system that is closely knitted and compact and a diversified industry. Therefore, Grady is expressing high hopes based on the social system and the new diversified industry.
A form of market structure studied by economists is monopoly .
When is a firm a monopoly, or are monopolies only theoretical concepts that do not exist?
A. Firm is a monopoly if its economic profits are competed away in the long run.
B. Monopolies do not exist because many markets have barriers to entry.
C. Monopolies do not exist because just about every product has substitutes.
D. A firm is a monopoly if it earns economic profits at least in the short run.
E. A firm is a monopoly if it can ignore the actions of all other firms.
Answers
The correct answer is D. A firm is a monopoly if it earns economic profits at least in the short run.
A monopoly refers to a market structure where there is only one seller of a particular product or service, and there are significant barriers to entry that prevent other firms from entering the market and competing.
While perfect monopolies are rare in practice, the concept of a monopoly is used by economists to analyze market behavior and outcomes.
Option A is incorrect because if a firm's economic profits are competed away in the long run, it indicates the presence of competition, not a monopoly. Option B is incorrect because while barriers to entry can limit competition, monopolies can still exist in certain circumstances.
Option C is incorrect because while substitutes may exist for most products, a monopoly can still exist if it is the sole provider of a particular product or service.
Option E is incorrect because a firm does not need to be able to ignore the actions of all other firms to be considered a monopoly.
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A firm is considered a monopoly when it is the sole provider of a particular product or service in the market, without any close substitutes. Monopolies do not exist because many markets have barriers to entry Option B is correct answer
These barriers can include high startup costs, exclusive access to resources or technology, legal or regulatory restrictions, and economies of scale that make it difficult for new firms to compete.
However, it is important to note that even in markets with barriers to entry, there may be varying degrees of competition, such as oligopolies (a few dominant firms) or monopolistic competition (many firms with differentiated products). Option B is correct answer
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When delegating a task, it is important to _______. a. give away the most difficult things on your task list b. go over everything quickly and return to your own work c. keep the responsibility for getting the tasks done d. report everything that is expected of the person please select the best answer from the choices provided a b c d
Answers
Delegating a task works better when we d. report everything that is expected of the person.
What makes delegation work?Delegation is very effective because it divides tasks and reduces the time taken for those tasks to be done because multiple people would be doing it.
For it to work, however, the people who have been delegated to, need to understand exactly what it is they are meant to do.
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Question 5 of 10
When gathering information, which of the following tasks might you need to
perform?
A. Apply standards, such as measures of quality, beauty, usefulness,
or ethics
B. Seek out ideas from others and share your own ideas
C. Study objects, conduct lijsts, research written materials, and ask
questions
D. Fill out forms, follow procedures, and apply math and science
SEN
Answers
does nestle kitkat follow skimming marketing policy?
Answers
Answer:
yes
Explanation:
I think it does anyway
Answer:
Yes they do follow the skimming marketing policy
c) 4 benefits which membership in a trade union can bring to employees are
Answers
Answer:
seguro de servicios medicos, la paga de horsa extras, la antiguedad, las pensiones,
Answer:
Unions are associated with higher productivity, lower employee turnover, improved workplace communication, and a better-trained workforce. There is a substantial amount of academic literature on the following benefits of unions and unionization to employers and the economy: Economic growth. Productivity.
Explanation:
Due to financial constraints, the lack of standardization in qualifications for focus group moderators can be minimized by ________
Answers
To minimize the lack of standardization in qualifications for focus group moderators due to financial constraints, organizations can implement a certification program that establishes a set of industry-recognized standards and competencies for moderators. This program would ensure that moderators possess the necessary skills, knowledge, and experience to effectively conduct focus groups.
By implementing a certification program, organizations can establish a clear framework for evaluating the qualifications of focus group moderators. This program can include criteria such as formal education in market research or related fields, practical experience in moderating focus groups, and demonstrated knowledge of research methodologies and ethical considerations. Moderators who meet these standards can earn a certification, which would provide a reliable indicator of their competence and professionalism.
Additionally, organizations can collaborate with industry associations or professional bodies to develop and administer the certification program. These associations can contribute their expertise in research methodologies and standards, ensuring that the certification aligns with industry best practices. By involving multiple stakeholders, the program can gain credibility and recognition within the field.
Implementing a certification program for focus group moderators helps address the lack of standardization in qualifications that may arise from financial constraints. This approach ensures that moderators possess the necessary skills and knowledge to conduct focus groups effectively, enhancing the quality and reliability of research outcomes.
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How do I quit my job as cashier already wrote resignation letter
Answers
Brier Company, manufacturer of car seat covers, provided the following standard costs for its product: Standard Standard Cost Standard Cost (S) Inputs Quantity per Unit (S) Direct materials 7.1 pounds 5 per pound 35.50 Direct labour 0.8 hours 17 per hour 13.60 Variable overheads 0.8 hours 7 per hour 5.60 The company reported the following in 2022 May: 4 700 units Original budgeted output Actual output 4 500 units Actual direct labour hours 3 610 hours Actual cost of direct labour $65 341 Purchases of raw materials Actual price paid for raw materials 36 500 pounds $186 150 34 150 pounds Raw materials used Actual variable overhead cost $24 909 Variable overhead is applied on the basis of direct labour hours. A. Compute the following: i. ii. Direct materials quantity variance Direct materials price variance Direct materials total variance Direct labour efficiency variance Direct labour rate variance vi. Direct labour total variance vii. Variable overhead efficiency variance viii. Variable overhead rate variance State TWO (2) benefits of standard costing. What are TWO (2) limitations of standard costing? B. C. (2 marks) (3 marks) (1 mark) (2 marks) (3 marks) (1 mark) (2 marks) (2 marks) (2 marks) (2 marks)\
Answers
The difference between a standard cost and an actual cost is known as variance in standard costing. All the required variances for Brier Company is shown below. Also the advantages and limitations for using the system is listed below.
Standard cost is an established price that is determined using estimations of the resources needed to provide a good or service under typical conditions.
The detailed calculation showing all the material, labor and overhead variances is attached below.
The advantages for using standard costing are -
It is a helpful tool for setting budgets and monitoring expenses.It gives managers a standard against which to compare actual expenses and performance.The limitations are:
Due to the wide range of real prices, reliable estimation of potential prices and rates is not possible. Standard costing is inappropriate for businesses where technological development occurs often.To learn more on standard costing, here:
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theg3eu3guyrgufgrgifrggiygiyrgirgigv
Answers
Answer:
I xixed3odn3dno3xnomxend4ond4imx74d diendeinxe said einxiw dueoxni3d 3id 2did 2iz
Why does ray of light coming through denser medium bend when it
enters into rarer medium?
Answers
Answer:
this occurs as a result of different refractive index of the two media
Answer:
It actually depends on the angle at which the incident ray hits the boundary face between both mediums
So if the incident ray coming from an angle enters the rarer medium it causes the refracted ray to bend away from the line of the normal
Step-by-step explanation:
I hope it was of help I tried explaining the best I could
3. ______ are defined as goods or services that are required for health and safety.
Answers
Occupational Health and Safety are defined as goods or services that are required for health and safety. Information standards are guidelines governing the information that must be provided to consumers when they purchase specific goods.
What is the safety of goods?A safe product is one that delivers either no risk or a minimum tolerable level of risk, taking into account the product's typical or reasonably foreseeable use and the need to maintain a high level of consumer protection.
Occupational health and safety is a multidisciplinary discipline that deals with all elements of workplace health and safety, with a heavy emphasis on preventing workplace dangers.
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1. Assume that Alice wants to send Bob a message with the confidence that Bob will know the message was not altered while in transit. What goal of cryptography is Alice trying to achieve? And how can it be achieved?
Answers
Alice is trying to achieve the goal of ensuring message integrity through cryptography. Message integrity ensures that the message remains intact and has not been altered during transit.
To achieve message integrity, Alice can use a cryptographic technique called message authentication codes (MACs) or digital signatures.
Message Authentication Codes (MACs): Alice can generate a MAC for the message using a symmetric key shared with Bob. The MAC is a small piece of data generated using a cryptographic hash function and the shared key. Alice appends the MAC to the message before sending it to Bob. Upon receiving the message, Bob recalculates the MAC using the same key and verifies that it matches the MAC sent by Alice. If the MACs match, Bob can be confident that the message has not been tampered with.
Digital Signatures: Alternatively, Alice can use digital signatures, which provide message integrity along with authentication. Alice generates a digital signature for the message using her private key (part of a public-private key pair). The signature is unique to the message and provides a cryptographic proof of its integrity. Alice sends both the message and the digital signature to Bob. Upon receiving the message, Bob uses Alice's public key to verify the signature's authenticity and integrity. If the signature is valid, Bob can be confident that the message is unaltered and originated from Alice.
Both MACs and digital signatures provide cryptographic mechanisms to achieve message integrity and assure Bob that the message has not been modified during transit. The choice between MACs and digital signatures depends on the specific requirements and security context of the communication scenario.
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what is the term that refers to the relationshp between benefits and the sacrifrice necesasay to obtain those beneifts
Answers
The term that refers to the relationship between benefits and the sacrifices necessary to obtain those benefits is cost-benefit analysis.
Cost-benefit analysis is a method used to compare the cost of a decision or action against the expected benefits in order to determine whether the investment is worthwhile. In order to complete a cost-benefit analysis, the decision-maker needs to first identify and quantify all relevant costs and benefits and then determine the time frame for each of them. Finally, the costs and benefits are compared, either in absolute terms or in terms of a benefit-cost ratio.
In order for the analysis to be accurate, it is important to consider all possible costs and benefits, even those that are difficult to quantify. These might include the costs and benefits of a decision to an individual or a group, such as health, safety, quality of life, and environmental impacts. The analysis should also take into account the value of money over time, such as through inflation or the opportunity cost of not investing the money elsewhere.
Cost-benefit analysis is a valuable tool for decision-makers as it helps them to determine whether the benefits of a particular action outweigh the costs associated with it. By considering all relevant costs and benefits, a decision-maker can make an informed decision and maximize the value of their investments.
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Click this link to view O*NET's Work Context section for Marriage and Family Therapists. Note that common contexts
are listed toward the top, and less common contexts are listed toward the bottom. According to O'NET, what are some
common work contexts for Marriage and Family Therapists? Select four options.
o exposed to hazardous conditions
spend time bending or twisting
o contact with others
indoors, enpironmentally controlled
face-to-face discussions
telephon
Answers
Answer:
c,d,e,f
Explanation:
Answer:
C,D,F
Explanation:
A firm will not shut down in the short run as long as price exceeds: marginal cost at the level of output where marginal revenue equals marginal cost.
Answers
A firm will not shut down in the short run as long as price exceeds the average variable cost (AVC) at the level of output where marginal revenue equals marginal cost (MR = MC).
In the short run, a firm will continue operating and producing as long as the price it receives for its goods or services is higher than its average variable cost. The average variable cost represents the variable costs incurred in producing each unit of output.
When the firm produces at the level where marginal revenue equals marginal cost, it maximizes its profit. At this point, the additional revenue gained from producing one more unit (marginal revenue) equals the additional cost incurred to produce that unit (marginal cost). If the price is higher than the average variable cost, the firm can cover both its variable costs and contribute to fixed costs, allowing it to operate in the short run.
If the price falls below the average variable cost, the firm would not be able to cover its variable costs, resulting in losses. In this case, it may choose to shut down in the short run to minimize its losses and avoid incurring further expenses.
Therefore, the condition for a firm not to shut down in the short run is that the price must exceed the average variable cost at the level of output where marginal revenue equals marginal cost.
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Question 2 of 10
Jeremy doesn't have a lot of money to spend on advertising, but he knows his
target audience are local outdoor enthusiasts. Which type of media format
should Jeremy use to advertise?
A. Local newspapers
B. Billboards on busy streets
C. National television commercials
D. Plane banners
Answers
Answer:
B. Billboards on busy streets
Explanation:
Billboard advertising involves making use of large-scale print advertisements to market a company's products and services. Billboards are strategically mounted in high traffic areas to pass their message to as many people as possible. Busy highways and streets, strategically located buildings are ideal places to put billboards.
Jeremy should consider using billboards for the following reasons.
His clients are local outdoor enthusiasts; he needs to find out their favorite destinations are put billboards along the way. This way, he will capture their attention.Billboards are less costly compared to other advertisement options, such as television or plane banners.Billboards will be effective in his case. Because his clients are local, and billboards remain in place for several days or weeks, his target clients will not fail to spot them.Answer:local news papers
Explanation:
Consider a coupon bond that has a $1,000 par value and a coupon rate of 10%. The bond is currently selling for $1,044.89 and has two years to maturity. What is the bond's yield to maturity?
Answers
The bond is currently selling for $1,044.89 and has two years to maturity. The bond's yield to maturity is approximately 4.78%.
To calculate the bond's yield to maturity (YTM), we need to solve for the discount rate that equates the present value of the bond's cash flows to its current market price.
The bond pays an annual coupon of 10% of its par value, which is $1,000. Therefore, the coupon payment is
$1,000 * 10% = $100 per year.
The bond has two years to maturity, so it will make two coupon payments of $100 each and a final payment of $1,000 (the par value) at maturity.
Using a financial calculator or spreadsheet, we can calculate the YTM as follows:
PV = -$1,044.89 (negative because it represents an outflow)
PMT = $100
FV = $1,000
N = 2
By plugging these values into the YTM formula and solving for the interest rate, we find that the bond's yield to maturity is approximately 4.78%.
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The largest export from Argentina, most of which goes to Europe is:
A. Wheat
B. Hides.
C. Corn
D. Cattle
E. Coffee
Answers
D. Cattle
What is the capital of France?The valid answer is D. Cattle.
Argentina is one of the largest exporters of beef in the world, and the export of cattle products, such as beef and beef products, is a significant component of Argentina's economy. The country has vast grasslands suitable for cattle ranching, and its livestock industry is well-developed.
While Argentina is also a significant producer and exporter of other agricultural products like wheat, corn, and hides, cattle exports, particularly beef, dominate the country's export market, with a significant portion being exported to Europe. The European market has a strong demand for Argentine beef, and it remains one of the primary export destinations for Argentine cattle products.
Therefore, based on the given options and considering the prominence of Argentina's cattle industry and its significant exports to Europe, the correct choice is D. Cattle.
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A graph of the rate of inflation in the United States over the twentieth century shows: a constant rate of inflation in the first half of the century followed by an upward trend in the second half an overall upward trend interrupted by a large downturn in the 1930s. O a relatively steady, positive level throughout the century except for deflation in the 1930s. some periods of deflation mixed with mostly positive rates of inflation before 1955 but only positive rates of inflation after 1955.
Answers
A graph of the rate of inflation in the United States over the twentieth century shows: An overall upward trend was broken by a severe downturn in the 1930s.
A graph of the rate of inflation in the United States over the twentieth century would show an overall upward trend interrupted by a large downturn in the 1930s, also known as the Great Depression. In the first half of the century, there was a relatively steady, positive level throughout the century except for deflation in the 1930s. However, the rate of inflation began to rise in the post-World War II period, reaching high levels in the 1970s before moderating in the 1980s and 1990s. The Great Recession of 2008 had an effect on the inflation rate as well.Inflation is a measure of the rate at which the general level of prices for goods and services rises, resulting in a decline in purchasing power.
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