Business, 26.10.2019 04:43 mandilynn22
Dolly is a cash basis taxpayer. in 2018, she filed her 2017 south carolina income tax return and received a $2,200 refund. dolly took the standard deduction on her 2017 federal income tax return, but will itemize her deductions in 2018. molly, a cash basis taxpayer, also filed her 2017 south carolina income tax return in 2018 and received a $600 refund. molly had $12,000 in itemized deductions on her 2017 federal income tax return, but will take the standard deduction in 2018. how does the tax benefit rule apply to dolly’s and molly’s situations? explain.
Answers: 3
Business, 22.06.2019 14:10
Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?
Answers: 1
Business, 22.06.2019 21:00
Noah met an old friend at a coffee shop. he jotted down the friend's new phone number, but later that afternoon he could not find it or remember what he had done with it. a couple of days later, noah went back to the coffee shop, and while waiting in line, he suddenly remembered where he had put the phone number. this is an example of:
Answers: 1
Dolly is a cash basis taxpayer. in 2018, she filed her 2017 south carolina income tax return and rec...
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