subject
Business, 18.12.2019 02:31 JeroMii

Bob brain files a single tax return and decides to itemize his deductions. bob's income for the year consists of $75,000 of salary, $3,000 long-term capital gain, and $1,500 interest income. bob's expenses for the year consists of $800 investment advice fees, $700 unreimbursed employee business expenses (a miscellaneous itemized deduction), and $250 tax return preparation fees.

what is bob's actual deduction for miscellaneous itemized deductions?

a. zero

b. $1,590

c. $1,500

d. $1,750

e. other generally, which of the following does not correctly categorize the type of income?

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 07:30
Which of the following best describes why you need to establish goals for your program?
Answers: 3
question
Business, 22.06.2019 10:30
Jack manufacturing company had beginning work in process inventory of $8,000. during the period, jack transferred $34,000 of raw materials to work in process. labor costs amounted to $41,000 and overhead amounted to $36,000. if the ending balance in work in process inventory was $12,000, what was the amount transferred to finished goods inventory?
Answers: 2
question
Business, 22.06.2019 11:00
Samantha is interested in setting up her own accounting firm and wants to specialize in the area of accounting that has experienced the most significant growth in recent years. which area of accounting should she choose as her specialty? samantha should choose as her specialty.
Answers: 1
question
Business, 22.06.2019 12:30
Suppose a holiday inn hotel has annual fixed costs applicable to its rooms of $1.2 million for its 300-room hotel, average daily room rents of $50, and average variable costs of $10 for each room rented. it operates 365 days per year. the amount of operating income on rooms, assuming an occupancy* rate of 80% for the year, that will be generated for the entire year is *occupancy = % of rooms rented
Answers: 1
You know the right answer?
Bob brain files a single tax return and decides to itemize his deductions. bob's income for the year...
Questions
question
History, 09.10.2019 06:00
Questions on the website: 13722367