Answer: C.) jargon
Explanation: Based on differing fields, profession or line of expertise, some words or terms are usually reserved to connote a special relevance or usage within such field. In many cases, these words are usually popular only within the circle of such profession and usage is usually rampant within professionals or individuals in such field. Such terms which are usually specific to a profession or field and may be difficult for those outside the profession to understand are called JARGON. In the context above, Alimony is usually used within the legal setting to mean a husband's provision package to his spouse after separation.
One important factor that Vivian needs to consider is that demand changes as a result of changes in price, however, other factors could affect the demand for goods or services, examples are, changes in the price of related goods, the income of the people, changes in preference etc.
Therefore, based on this fact, Vivian should consider "Price elasticity of demand." Price elasticity of demand can be defined as a measurement used in economics to show the responsiveness or elasticity of the quantity demanded of a good or service to a change in its price when nothing but the price changes.
Answer:
Nexium & Associates Journal entries
March 1
Dr Accounts Receivable800
Cr Service Revenue 800
March 9
Dr Office Furniture1,060
Cr Office Supplies 160
Cr Accounts Payable1,220
March 15
Dr Accounts Payable1,220
Cr Cash1,220
March 23
Dr Electricity Expense430
Cr Accounts Payable430
March 31
Dr Salaries Expense850
Cr Cash850
Explanation:
The details given about Nexium & Associates are straight forward and required no further
adjustment.
Answer: a. $52,300 b. $12,200 c. 0 d. $40,100
Explanation:
a. Given according to the IRS regulations of loss on investment (up to $3000)
Adjusted gross income: Salary received + Interest income received + dividend income received - loss on investment based on IRS regulations
= 53300 + 1600 + 400 - 3000
= $52,300 (Adjusted gross income)
b. Based on 2019 IRS increased filing status for Single individuals, The Standard deduction amount is $12,200
c. According to the 2019 IRS announcements, There are no personal exemption amount. This was set to zero (0) under the Tax Cuts and Jobs Act.
d. Going by the simple formula of:
Taxable Income = Adjusted Gross Income - Exemption - Standard Deduction
= 52300 - 0 - 12200
= $40,100 (Taxable Income)
I hope this helps.
Answer:
The mortgage interest amount will be "Zero (0)".
Explanation:
A property to pay. Unless the apartment is started renting for 15 days or more in one year as well should not be used for private purposes for even more of some
(1) 14 days as well as
(2) 10% of the total rentals days, the apartment shall be considered as rental home.
Gross income = $7000
Now,
![Total \ expenses = (2500+9000+2400+1000+7500) - personal \ deduction[(2500+9000+2400+1000+7500)\times \frac{13}{100} ]](https://tex.z-dn.net/?f=Total%20%5C%20expenses%20%3D%20%20%282500%2B9000%2B2400%2B1000%2B7500%29%20-%20personal%20%5C%20deduction%5B%282500%2B9000%2B2400%2B1000%2B7500%29%5Ctimes%20%5Cfrac%7B13%7D%7B100%7D%20%5D)
On putting the values, we get
⇒ 
⇒ 
And, Net rental loss will be:
So that the Mortgage interest itemized will be "0"
.
