John paid $10,000 in mortgage interest last year. He and his wife earned $150,000 from their jobs last year. Based on their circumstances, they can deduct the mortgage interest from their taxable income, meaning they only have to
pay federal income tax on what amount?

Answers

Answer 1

Answer:

$140,000

Explanation:

$150,000-$10,000= $140,000


Related Questions

On August 14, 2020, Washington declared a 2-for-1 stock split. At the time of declaration, shares were selling for $114/share. Through the first two quarters of the fiscal year, Washington recorded a net loss of $6,500. How will Washington’s stockholders’ equity section change as a result of this information?

Answers

Answer:

Follows are the description of the equity section change:

Explanation:

Washington announced a split stock of 2-for-1 on 14 August 2017, in which securities are exchanged for $114 per stock only at the time of announcement. It also reported a net loss of $6,500 in the first two quarters of its financial year. This amount of shares would rise to 30 000, as well as the par value would drop to 12,50 cents per month, and capital throughout the shareholders would fall to 528 500 dollars. As just a result of such knowledge, will the equity division of Washington transformation.

How do I record on windows computer

Answers

Explanation:

Navigate to the screen you wish to record and press Win+G to open Game Bar. Several Game Bar widgets appear on the screen with controls for capturing screenshots, recording video and audio, and broadcasting your screen activity. Click the Start Recording button to capture your screen activity.

Answer:

you'd need to download software for recording. as far as i know windows doesnt have built in recording capabilities. are you looking at screen recording or just sound?

Explanation:

Kogler Corporation's relevant range of activity is 7,000 units to 11,000 units. When it produces and sells 9,000 units, its average costs per unit are as follows:


Average cost per unit


Direct Materials $4.60

Direct Labor $4.20

Variable manufacturing overhead $1.40

Fixed manufacturing overhead $8.00

Fixed selling expense $3.20

Fixed administrative expense $1.70

Sales commissions $0.70

Variable administrative expense $0.65

If the selling price is $23.00 per unit, the contribution margin per unit sold is closest to:


A: $17.45

B: $0.30

C: $14.65

D: $5.80

Answers

I thank the answer is $17.45

Which of these an example of something restitution would likely be required

for?

O A. A hospital bill

B. A lawyer's fee of $500

C. A filing fee

O D. A $200 ticket

Answers

Answer:

A. A hospital bill

Explanation:

When a court orders a party to pay restitution damages to another party, they do this in order to restore any benefit or possession that the damaged party lost due to the actions of the damaging party.

In this case, restitution would apply to a hospital bill if the injured party's health suffered due to the actions of the other party. The hospital expenses were carried out to heal the injured party.

Answer:

When a court orders a party to pay restitution damages to another party, they do this in order to restore any benefit or possession that the damaged party lost due to the actions of the damaging party.

In this case, restitution would apply to a hospital bill if the injured party's health suffered due to the actions of the other party. The hospital expenses were carried out to heal the injured party. A.hospital bill

Miles was giving his client a shave when he nicked his client's cheek, which started to bleed. What should he do to be safe while working?

Select the best option.

Wipe the blood away and continue.


Ask the client to leave and seek medical treatment


Ask the client to hold cotton to the site until the bleeding stops, then continue


Keep working, since the bleeding will stop soon

Answers

Ask the client to hold cotton to the site until the bleeding stops, then continue

Some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obtain a(n) _[blank]_ in a different degree like marketing.


Which best completes the sentence?

do u think it is a CTE or something else?

Answers

Answer:

Some people will obtain a bachelor’s degree with a focus in fashion design. Then to increase their skill set, they may also obtain a certificate in a different degree like marketing.

Explanation:

A marketing certificate is useful in providing you with a training in marketing skills, such as customer development, market research and strategic brand management. Having a certificate in marketing would help increase your skill set. It is a way of enhancing your knowledge by learning different marketing theories. It also increases the chances of an individual to secure a very good job.

Suppose the supply function for avocados is Q = 58 + 15p - 20p_f. where P_f is the price of fertilizer. If the price of fertilizer rises by $1.10, how will this affect the supply curve for avocados? If the price of fertilizer rises by $1, 10, then the supply of avocados will change by units at each price. (Enter your response as a whole number and include a minus sign if necessary.) Using the line driving tool, show how an increase in the price of fertilizer affects the avocado supply curve. Label this new supply curve 'S^2.' Carefully follow the instructions above, and only draw the required object.

Answers

Answer:

-22.

There will be the decrease in price hence the supply curve shifts to the left.

Explanation:

So, it is given from the question above that the supply function for avocados is Q = 58 + 15p - 20p_f.

The p_f given in the question = $1.10 which is the price given for the fertilizer as it rises that is to say it rises at that amount.

If the price increases by $1.10, then we have a reduction of -( 20 × 1.10) = -22.

Kindly note that the negative sign denotes the reduction in supply. This reduction causes the supply curve to shift to the left.

The diagram for the supply curve Is given in the attached picture.

Alpha Home has a pay range of $10.50 to $12.00 per hour for sales associates in its stores. As the local economy picks up, most stores start offering $11.00, so Alpha does the same. But then workers with two years experience are eaming the same as new hires. What issue is facing HR managers? A. Fair pay for interns B. Ecual pay for comparabe worth 6. Equal pay for equal work D. Wage-rate compression​

Answers

Answer:

Wage-rate compression.

what kind of motion is one dimensional motion?​

Answers

Answer:

Translational motion

Explanation:

One dimensional motion simply means the movement of an object or body along one single plane, the plane of motion is usually a straight line. Rectilinear or translational motion ias a ckas of motion which uni-dimensional. Motion which occupied along a single plane includes, movement of cars along a straight line or path, the motion of a shot gun or the motion of athletes along a 100m shirt distance run. Hence, bodies which moves along a straight path could be said to exhibit a one dimensional state of motion.

Being able to make decisions effectively can make a worker more independent.


Please select the best answer from the choices provided

T
F

Answers

Answer: True

Explanation:

When we are able to make decisions effectively, this can make a worker more independent. This is true.

It should be noted that when one makes decisions effectively, ones confidence is enhanced and one believes more in himself or herself.

When this occurs, as individuals, we trust ourselves and our abilities to make the right decisions which ultimately make us more independent.

Answer:

True

Explanation:

Just took the quiz

To save money, a potato chip company has decided to just keep airing its most popular ad all year and not create any new ads. What is MOST likely to be the result of this decision?


People will get tired of seeing this same ad over and over.


Consumers will like the familiarity of seeing an ad they recognize.


The potato chip company will become more popular than ever.


Other companies that invest in multiple ads will end up losing money.

Answers

Answer:

The correct answer is the first option: People will get tired of seeing this same ad over and over.

Explanation:

To begin with, the fact that the company will try to keep the costs stable in order to avoid increasing them will end up affecting the company at the long run due to the fact that the because of the continuos advertisement being showed the people will eventually get tired of it and that will cause a reject on the brand and with that a bad view of the way the act regarding the boring innovation that they have on showing their products. So with time, the consumers will end up buying less or at least feeling less comfortable with the brand itself due to repetition, the lack of creativity and use of good marketing.

Answer:

the first one

Explanation:

Which financial statement summarizes a business’s incomes and expenses?
The main purpose of the BLANK statement is to present your business’s earnings for a given period as it summarizes your incomes and expenses.

Answers

Answer:

Income statement.

Explanation:

Financial statements can be defined as a document used for the formal communication or disclosure of financial information and statements to present and potential users such as investors and creditors. These includes balance sheet, statement of retained earnings and income statement.

The income statement is a financial statement that summarizes a business’s incomes and expenses.

Hence, the main purpose of the income statement is to present your business’s earnings for a given period as it summarizes your incomes and expenses.

State two advantages of advertising in a newspaper compared to radio advertising.

Answers

Answer:

Radio advertising is come and gone once it plays so people can miss it.

Newspaper advertising is cheaper.

Explanation:

Why is education considered a "public good" in the United States?

Answers

Answer:

I don't know but public is A Kind of Lesson that you can learn more

Explanation:

(づ ̄ ³ ̄)づhappy to help

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Brianna has a part-time job which pays $3,637 for the year. During the year $837 is taken out for Federal Taxes. At the end of the year when taxes are calculated, Brianna discovers that only $546 needed to be paid in taxes. How much of a refund will Brianna receive?

Answers

Answer:

$291

Explanation:

The amount of refund that Brianna ought to receive is the difference between  the taxes paid and what needed to have been paid.

Brianna paid $837 but $546 was the right amount to pay.

Refund = $837 - $546

Refund = $291

help me help me help me
Grace has a part-time job which pays $3,329 for the year. During the year 19% is taken out for Federal Taxes. At the end of the year when taxes are calculated, Grace discovers that only 12% needed to be paid in taxes. How much of a refund will Grace receive?

Answers

Answer:

234.03

Explanation:

If you do the math and multiply both the percentages by 3329 and subtract them you’ll get the answer! To multiply you have to turn the percentages into decimals

Why is profit maximization supposedly not the most important goal of a company? Explain your answer by citing real life situations

Answers

Answer:

Profit maximization refers to a method adopted by the company to earn more amount of profit through its business operations and investments. Under this, a firm focuses that every decision should contribute profit in the account of the organization.

Explanation:

Write your understanding of the Factors to Consider in the Selection of Vegetables for Culinary.

Answers

Answer:

when shopping vegetables, key factor are firmness and color.

if you can give me the sample answer, ill give brainliest

Identify at least five different Marketing, Sales, and Service or Transportation, Distribution, and Logistics careers that you could pursue in your home state, and choose the three that appeal to you the most. Out of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you:

Answers

Answer:

Five careers within the Marketing, Sales, and Service cluster or the Transportation, Distribution, and Logistics cluster that would be interesting to me are pilot, aerospace engineering and operations technician, marketing manager, real estate broker, and assessor. Of those careers, the ones that would be best suited to my skills and abilities are marketing manager, pilot, and real estate broker.  

I would be interested in becoming a real estate broker, because it would give me a chance to work with people, helping them buy and sell property. I could help them negotiate prices, closing costs, and other factors between the buyer and seller. I would need to know how to use a computer to upload lists of properties for sale. In order to do all of this, it would be important to have great customer service, interpersonal, negotiation, persuasion, communication, critical thinking, and computer skills.

To prepare for this position, it wouldn’t be necessary to go to college, but I think it would be helpful to get at least a bachelor’s degree. I could attend the University of Pennsylvania, where I could study economics or business. I could attend the University of Illinois Urbana–Champaign, where I could study finance and specialize in real estate. I could also consider attending the University of Florida, where I could get a minor in real estate or complete a master’s degree in business administration with a concentration in real estate.

After completing my education, I would be prepared to start my own business and hopefully make over the median salary of $57,360 each year.

Explanation:

Which of the following demonstrates responsibility?

a nurse who gets along well with his coworkers

a manager who makes customers happy by keeping a positive attitude

a technician who knows how to operate a machine

a doctor who stays late to get her work done on time

Answers

a doctor who stays late to get her work done on time

Answer:It's D a doctor who stays late to get her work done on time

Explanation:

Introduce professions related to public service with examples.​

Answers

Answer:

Social worker

Explanation:

Social workers are people who work with family & communities to help people solve and manage problems in their everyday lives.

Hope this helped!

Why did the United States interfere in Iran in the 1950s? What was the result of their interference?

Answers

Answer:

Because Iran has oil and sells it to U.S. Iran minister doesn't want to do business with U.S. anymore.

Explanation:

The results were the U.S. would sponsor in Iran to replace existing gov't to be more western friendly.

1. What is the difference between the consumer market and the business market?

Answers

Answer:

Business markets refer to organizations, businesses, or entities that acquire products and services for use in the production of other services and products. On the other hand, consumer markets refer to markets where producers sell their products or services directly to the final consumers.

Explanation:

Magic Events, Inc. is a global concert promoter that is organizing the world concert tour of the newest boy band. The company has a global reputation for generating the highest revenues for their entertainers based on lucrative event triangles. What is the most critical factor in a successful event triangle?


A.


as much advertising to fans as possible


B.


mutually beneficial exchanges


C.


selling as much merchandise as possible


D.


choosing the right sponsors

Answers

Answer:

A. as much advertising to fans as possible

Explanation:

The event triangle is made up of these 3 components

1. The participants

2. The sponsors

3. The spectators

Here the fans represent the spectators. They are the most critical factor of the event triangle .

The spectators are those who the boy band would be playing for. They are the ones who would go out to watch the event.

The spectators become monetary when the advertisement gets them to buy tickets for the event. That is they pay a fee to watch the event.

Primarily they provide necessary financial support for the event plus the money made from adverts.

Choose the statement that describes an advantage of paying a bill through the mail with a check. 1. No additional costs are involved. 2. The payment is noted immediately. 3. The bill is automatically paid on time. 4. You do not have to share banking information

Answers

The major advantage of paying a bill through the mail with a check is that payer do not have to share his/her banking information. Thus, the correct option is 4). You do not have to share banking information.

What are the advantages of using checks to pay bills?

Paying a bill through the mail with a check is consider as one of the best method of billing that has some pros and cons as well. It is most convenient and easy method to use.

In the bill payment through the mail with a check, the payers does not have to carry large amounts of money with them. They can use checks to pay bills by mail and don't even have to pay to cash checks.

It is safer to use checks. It does not require any convenience fees. It is the safe way to send money as there is always a proof for payment. Along with the pros, there are some cons as well such as it is a longer process and younger generations are prone to scams.

Learn more about paying with check here:-

https://brainly.com/question/4802327

#SPJ2

Identify the correct pricing strategy. Incorporating _______ pricing strategy drives customers to pay a higher price for a valuable product. Businesses use market research, surveys, and analysis to convince customers to buy products that provide _______ for money.

Answers

Answer:

Price skimming

value for money

Explanation:

Price skimming is the pricing strategy in which businesses charge higher prices for the product initially and then start to reduce the price. The customers pay the high price charged for the product because of unique features of the product. Customers find the product value for money and so they are satisfied with the high prices.

The Department of Labor's Occupational Outlook Handbook lists civil service job openings with federal agencies.

True

False

Answers

Answer:

false

Explanation:

Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of to identify a replacement for him.

Answers

The correct question is:

Highbridge Community Life Center was a community hub and resource for the Bronx community that was founded in 1979 by two Catholic nuns. Brother Ed Phalen served as the Executive Director of the center for more than two decades. When he started considering retirement, he wondered what would happen to the organization and its leadership after he left. In order to plan for his eventual departure, Brother Phalen and the board of directors began the process of _____________ to identify a replacement for him.

Answer:

Succession planning

Explanation:

Succession planning is the process by which new leaders in an organisation are identified and developed to adequately fill in the role of departing leaders.

This process is important as it prepares experienced staff to take up responsibility in cases of resignation, retirement, or death of a leader.

In the given instance Brother Ed Phalen served as the Executive Director of the center for more than two decades.

Considering his retirement he would need to get someone to take over leadership role from him.

So he and the the board of directors will need to begin a succession plan to identify his replacement

Suppose Pepsi-Cola which includes Mount dew and several other sodas purchase Coca-Cola and cokes families of sodas to form one large metal company what do you believe would happen to the price of sodas in the United States

Answers

The price of soda would go-nowhere-because that is SOOO unrealistic! But it would go down because the more you have of something the cheaper it is

Millions of software programs have been created and have helped to improve the economy. This is an
example of
O new business
self-confidence
taxes
O demand for products
new technology

Answers

Answer:

new technology.

Explanation:

An information system or technology can be defined as a set of components or computer systems, which is used to collect, store, and process data, as well as dissemination of information, knowledge, and distribution of digital products.

Generally, it is an integral part of human life because individuals, organizations, and institutions rely on information systems and technology in order to perform their duties, functions or tasks and to manage their operations effectively. For example, all organizations make use of information systems for supply chain management, process financial accounts, manage their workforce, and as a marketing channels to reach their customers or potential customers.

Additionally, an information system or technology comprises of five (5) main components;

1. Hardware.

2. Software.

3. Database.

4. Human resources.

5. Telecommunications.

Overtime, millions of software programs have been created and have helped to improve the economy. This is an example of new technology.

Basically, these new technologies have helped to simplify the process of producing goods and services effectively and efficiently to meet the unending needs and requirements of the consumers.

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