alexi has adjusted gross income of $30,000 and medical expenses of $6,600. all the medical expenses are for nursing care for a disabled grandparent while alexi is working. alexi's grandparent qualifies as a dependent. what is the maximum medical expense that alexi can deduct as an itemized deduction?
Answers
If alexi has adjusted gross income of $30,000 and medical expenses of $6,600. The maximum medical expense that alexi can deduct as an itemized deduction is $3,600.
How to find the maximum medical expense?Using this formula to find the the maximum medical expense that alexi can deduct as an itemized deduction
Maximum medical expenses = Medical expenses - (Adjusted gross income × 10% limitation)
Let plug in the formula
Maximum medical expenses = $6,600 - ($30,000 × 10%)
Maximum medical expenses =$6,6,00 -$3,000
Maximum medical expenses =$3,600
Therefore the maximum medical expenses is $3,600.
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Related Questions
In the case of a good that no one can be excluded from consuming it and the marginal cost of providing it to an additional consumer is zero, private markets fail because
A. the quantity produced will exceed the social optimum.
B. profit is driven down to zero.
C. consumers have no incentive to pay for the good
D. this is a natural monopoly.
Answers
The consumers have no incentive to pay for the good that's why In the case of a good that no one can be excluded from consuming and marginal cost of providing it to an additional consumer is zero and private markets fail primarily. The correct answer is option C
Due to these characteristics, private markets struggle to provide public goods efficiently. If a good cannot be excluded from consumption, people can easily become free riders, benefiting from the good without contributing to its cost.
This leads to a situation where the quantity of the good produced will be less than the socially optimal level, as private firms lack the necessary funds to provide it. Profit is driven down to zero, as private providers cannot effectively charge for the good, making it unattractive for firms to enter the market.
Additionally, natural monopoly are not the primary cause of failure in this case, although they may contribute to the inefficiency in the market. The key reason for market failure in this situation is the lack of incentives for consumers to pay for the good, Therrefore the correct answer is option C
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What do supply side economists believe?
Answers
Supply-side economists believe that economic growth and prosperity are primarily driven by the supply of goods and services, rather than the demand for them.
Supply-side economists emphasize the importance of reducing tax and regulatory burdens on businesses and individuals, arguing that these policies will incentivize investment and innovation, leading to increased economic activity and higher living standards. They also believe in the importance of free trade, flexible labor markets, and deregulation as key components of economic growth.
Supply-side economics has been associated with the idea of "trickle-down economics," which posits that policies that benefit businesses and wealthy individuals will eventually benefit all members of society by creating jobs and stimulating economic growth.
Critics of supply-side economics argue that it primarily benefits the wealthy and exacerbates income inequality. They also question the assumption that tax cuts will necessarily lead to increased investment and economic growth, pointing to evidence that suggests that these policies may not always have the desired effects.
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Who has the power to begin the process of raising taxes in the United States?
Answers
All Bills for raising Revenue shall originate in the House of Representatives; but the Senate may propose or concur with Amendments as on other Bills.
Who is in charge of tax increases?In accordance with Article I, Section 8, Clause 1, the Congress shall have the authority to impose and collect taxes, duties, imposts, and excises in order to pay off debts, fund the nation's general welfare, and provide for the common defense. However, all duties, imposts, and excises must be applied equally across the board.
Can a state impose a tax increase?According to the Commonwealth of Australia Constitution Act of 1900, both the federal government and state governments have the authority to levy taxes. The main limitations on the federal government's ability to do so are that its taxes cannot discriminate against particular states or regions of states, and it may only levy federal taxes on excise and customs duties.
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Visit to a Fast Food Place...
• Average Daily Spend - $5.00
• Per Week (5 days) –
• Per Month (4 weeks) -
• Per School Year (10 months) -
Submit number value
Answers
Per week: 5 × 5 = 25
Per month: (4 × 5) × 5 = 100
Per school year: (43.4524 × 5) × 5 = 1086.31
Disadvantages of choosing a job that is extremely popular or in demand
Answers
The disadvantage of choosing a job that is very popular or a job that is in high demand is that after a while such a job may become saturated or it would become monotonous.
What is a high demand job?This is the term that is used to refer to a job that the people that wpould employ labor are constantly in need of. Such a job is one that would require the people that have the qualification to opt in and get the places and the roles that they are to fill.
The issues that may arise from such a job that is in high demand is that after a period, such a job may have a lot of persons that would want to fulfil the role.
The number of qualified persons may become more than the job that is available for the people to do in the long run.
Hence this is a disadvantage. Therefore I would conclude by saying that the disadvantage of choosing a highly popular job is that the number of persons that are willing to fulfil the role may exceed the job overtime.
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Why is money management important? How would you rate your own money management?
Answers
Answer:
because it has money
Explanation:
Answer:
Money management is important because you should have a balance of bills to pay, and money you keep for fun. If you don't have this then you might have to pay to much money for bills, and you not having enough to pay them off.
Explanation:
James,the marketing manager for an automobile manufacturer,observes frequent conflicts between two of his subordinates,Jeff and Kevin.He asks the human resource department to help,and the department's training manager,Kelly,investigates.She tells James that the two subordinates lack interpersonal communication skills,but would be likely to improve with proper training.This scenario suggests that Kelly has conducted a(n)_____.A) institutional analysisB) market analysisC) person analysisD) organization analysisE) instructional analysis
Answers
Answer: Person analysis
Explanation:
Based on the scenario that have been given in the question, the scenario suggests that Kelly has conducted a person analysis.
A person analysis is a phase which helps to identify the individuals that are in an organization who lacks certain skills and should therefore be trained.
A person analysis helps to show the individuals that aren't meeting the organization's desired performance.
which measures are used to estimate market demand based on economic data?
Answers
There are several measures that can be used to estimate market demand based on economic data. These include Price elasticity of demand, Income elasticity of demand, Cross elasticity of demand, Market research, Sales Data, and Consumer spending data.
1. Price elasticity of demand: This measures the responsiveness of quantity demanded to changes in price.
2. Income elasticity of demand: This measures the responsiveness of quantity demanded to changes in income.
3. Cross elasticity of demand: This measures the responsiveness of the quantity demanded of one product to changes in the price of another product.
4. Market research: This involves collecting data from consumers through surveys, focus groups, and other methods to estimate demand for a product.
5. Sales data: This involves analyzing historical sales data to identify trends and patterns in demand.
6. Consumer spending data: This involves analyzing data on consumer spending patterns to estimate demand for certain products or services.
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using the latané & darley’s 5-step model of helping, what is one reason a person is more likely to receive help in a small town than a big city?
Answers
According to Latané & Darley's 5-step model of helping, there are five stages that a person goes through before providing assistance to someone in need.
These stages include noticing the situation, interpreting it as an emergency, accepting responsibility for providing help, deciding on the appropriate form of assistance, and finally providing the necessary help. In a small town, people tend to have a stronger sense of community and are more likely to notice when someone is in need of help.
Additionally, people in smaller communities tend to feel a greater sense of responsibility to help those in need, as they may be more likely to know them personally. Conversely, in a big city, people may be more anonymous and less likely to feel responsible for helping a stranger. Furthermore, the presence of a larger population and more distractions may make it more difficult for people to notice when someone needs assistance. Therefore, a person is more likely to receive help in a small town because of the stronger sense of community and personal responsibility that exists in these environments.
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what do business owners consider when they select a business ownership structure?
Answers
Between the previous balance method and the daily balance method, which method of calculating yvonne's june finance charge will result in a greater finance charge, and how much greater will it be? a. The daily balance method will have a finance charge $0. 21 greater than the previous balance method. B. The daily balance method will have a finance charge $0. 53 greater than the previous balance method. C. The previous balance method will have a finance charge $0. 45 greater than the daily balance method. D. The previous balance method will have a finance charge $0. 40 greater than the daily balance method.
Answers
d)The previous balance method will have a finance charge $0.40 greater than the daily balance method.
The previous balance method calculates finance charges based on the outstanding balance at the end of the previous billing cycle, whereas the daily balance method calculates finance charges based on the outstanding balance at the end of each day of the billing cycle.
In this case, Yvonne made a payment on June 7th and had two purchases on June 11th and June 21st. The previous balance method would take into account the unpaid balance from the previous month, while the daily balance method would take into account the unpaid balance at the end of each day, resulting in a higher finance charge.
The difference between the two methods is $0.40, making the previous balance method the greater finance charge.
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Why might a manager for a non-profit organization seem as concerned with his or her organization's financial well-being as a for-profit manager?
a. Non-profit managers are evaluated on financial performance only.
b. Non-profit managers try to give the illusion that they care about the "bottom line."
c. Not-for-profit organizations need to make money to continue operating.
d. Non-profit organizations have an obligation to turn a profit.
Answers
Answer:
c. Not-for-profit organizations need to make money to continue operating.
Explanation:
Non-profit organisations mainly focus on meeting their set objectives for example ensuring education is provided to poor children, health services reach the less privileged in society, and so on.
On the other hand for profit organisations mainly focus on turning a profit for the benefit of the business owners.
The manager for a non-profit organization will be as concerned with his or her organization's financial well-being as the for profit manager.
This is because non- profit organisations tend to have a tight budget and they will need to effectively manage resources available to them to ensure they keep functioning.
In an adjusting entry for expenses incurred but not yet paid ______.
Answers
Answer:
a liability is increasing since cash will be paid in the future due to the expense incurred
Explanation:
Adjusting entries for accruals relate to entries that record revenues and expenses earned or incurred during the period prior to when the cash changes hands. Accrual adjustments include increasing assets and revenue or increasing expenses and liabilities.
Tammy is the owner of British Brushes. Due to the price of paint, she has to raise the prices of her painting classes. What curve is affected and what determinant caused this change?
a. The Supply Curve shifted to the Left because the cost of inputs increased.
b. The Demand Curve shifted to the Right because of the change in consumer income
c. The Supply Curve shifted to the Right because the cost for new technology decreased
Answers
In a condition where Tammy has to increase the prices for her painting classes, the supply curve will show a shift to the left because the input costs also saw a rise. Therefore, the option A holds true.
What is the significance of input costs?Input costs can be referred to or considered as costs that are associated with the production of goods or services for a firm in the economy. A business can not grow or sustain without incurring input costs. When input costs for a firm increase, the supply curve of an economy shifts to the left.
In the above condition, when prices of paint increase, it also leads to an increase in the input costs for Tammy, and as a result of the same, the supply curve shows a shift towards the left.
Therefore, the option A holds true and states regarding the significance of input costs of British Brushes.
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the majority of problems Best Buy was facing have been brought about by _________________force.
Answers
Answer:
external force
Explanation:
The majority of the problems best buy is facing have been brought about by external forces. This includes competition from rivals such as Amazon and Walmart. This makes the company loose it's shares in the market and the company's stock loosing it's value.
. Which of the following businesses attract customers due to their ease of accessibility?
O Service
Entrepreneurial
Internet
O Home Based
Answers
Answer:
C. Internet.
Explanation:
An ease of accessibility can be defined as the characteristic of a business which makes it readily available for use at different locations at a particular period of time. Thus, the business is free from all form of difficulties in being accessed or reachable by customers.
This ultimately implies that, ease of accessibility is a characteristic which makes a business responsive to customer requests at any time.
Hence, the business which attract customers due to its ease of accessibility is an internet because everyone around the world is able to use or access the internet at any time, provided they have a network connection and a compatible device such as a smartphone, computer, tablet etc.
when the fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers. group of answer choices
Answers
When the Fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers: True.
What is the Fed?The Fed is a short word for Federal Reserve and it can be defined as a federal government financial institution that was established by the Federal Reserve Act on the 23rd of December, 1913 by the U.S Congress.
Additionally, the Fed is just like all central banks in a country and as such, it is considered as a United States government agency that regulates banking activities, supervise and regulate banks, as well as control the issuance of currency in the United States of America.
In conclusion, banks in the United States of America are able to obtain funds at a lower cost and make more loans to their own customers when the discount rate is reduced or lowered by the Fed.
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Complete Question:
When the Fed reduces the discount rate, banks can obtain funds at a lower cost and use these funds to make more loans to their own customers.
group of answer choices
False
True
Donald Trump wanted to pull us out of the WTO because he thought China was cheating. Would you stay in or leave?
Answers
Answer: I hate Trump and would make him eat tortilla chip vertically :/
Explanation:
Please help!!!!!!!
When a business becomes a corporation, it would be identified by which of the following characteristics?
A)Business owned by one person
B)Business owned by two or more people who operate the business as co-owners
C)Business recognized by law to have a life of its own
Answers
Answer: B
Explanation:
If dallas company billed a client for $16,000 of consulting work completed, the accounts receivable asset increases by $16,000 and:_____.
Answers
If Dallas company billed a client for $16,000 of consulting work completed, the accounts receivable asset increases by $16,000 and: revenue
What are impact of billing a client for consulting work?
The fact that a client is billed for work completed with an increase in assets, precisely, accounts receivable means there should a corresponding entry in another account class.
There would also be an increase in sales revenue because by billing for consulting work completed, in other words, performance of consulting services implies that the Dallas company has earned revenue regardless of whether or not the cash related to the transaction has been collected.
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Describe three steps to take that will sharply reduce the number of laboratory accidents
Answers
Answer:
1. The experiments should be clear in mind and well understood before coming to lab, for this the experiments should be well read.
2. Take proper precautions when working in the lab as, no insane acts shall be performed also due care with the use of apparatus and instruments in the lab shall be taken care of.
3. Even in some imaginary or worst case if help is required because of any incident that took place unwillingly and might lead to some loss, then you should be able to ask for help, also know the persons from whom you are supposed to seek help.
analyzes which markets are accessible to your company
Answers
Answer:
How do you analyze a company's market?
These are the seven steps of conducting a market analysis:
Determine your purpose. ...
Research the state of the industry. ...
Identify your target customer. ...
Understand your competition. ...
Gather additional data. ...
Analyze your data. ...
Put your analysis to work.
What should a market analysis include?
What to include in your market analysis. Your market analysis should include an overview of your industry, a look at your target market, an analysis of your competition, your own projections for your business, and any regulations you'll need to comply with.
How do you analyze a company's market?
These are the seven steps of conducting a market analysis:
Determine your purpose. ...
Research the state of the industry. ...
Identify your target customer. ...
Understand your competition. ...
Gather additional data. ...
Analyze your data. ...
Put your analysis to work
Explanation:
MARK A BRAINLESS THIS ANSWER IS CORRECT
BRAIN LY FAST CARRY ON LEARNING
Match the different account heads to the two aspects of business.
Answers
Answer:
See below
Explanation:
Match Source A
The business owns:
Are assets that belong to the business.
investments
intangible assets
Property, Plant, and Equipment
Current assets
Match source B
Match owes :
Refer to the liabilities of the business. They belong to others.
loans
payable
Read the stage direction: As the first of the mob reaches the bottom steps. The screen door opens and Goodman comes out, a man in his early forties who first greets them smiling and then letting the smile fade as he sees the faces. Based on the stage direction, what should the reader visualize? *
a group of people calmly approaching Goodman’s home
a group of confused people rushing to safety at Goodman’s home
a group of angry people approaching Goodman’s home
a group of people rushing to save Goodman from the outage
Answers
Answer:
C.
Explanation:
A group of angry people. L(-_-)\
\
Answer:c lol angry people
Explanation:
a recent research signified the large health benefits of eating cooked tomatoes. holding other things constant, this will cause a. the demand curve for tomatoes to shift to the right b. the demand curve for tomatoes to shift to the left c. the supply curve for tomatoes to shift to the right d. the supply curve for tomatoes to shift to the left
Answers
The recent research highlighting the health benefits of eating cooked tomatoes would likely cause the demand curve for tomatoes to shift to the right. Option a is correct.
This is because the increased awareness of the health benefits would lead to a higher demand for tomatoes, as more people would be inclined to consume them. However, it would not affect the supply curve for tomatoes, as the supply is determined by factors such as production and availability, which are not directly influenced by health benefits.
Therefore, the correct answer would be option A, the demand curve for tomatoes would shift to the right.
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Which career pathways involve high risk due to exposure to dangers?
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Intelligence Analysts in the Security and Protective Services pathway
Intelligence Analysts in the Security and Protective Services pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Firefighters in the Emergency and Fire Management pathway, Detention Officers in the Corrections pathway, and Police Officers in the Law Enforcement pathway
Answers
Answer:
Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
Explanation:
The career pathways that involve high risk due to exposure to dangers is :
A) Firefighters in the Emergency and Fire Management pathway, Correctional Officers in the Corrections pathway, and Detention Officers in the Law Enforcement pathway.
"Career Pathways"The career pathways that involve high risk due to exposure to dangers is:
Firefighters in the Emergency
Firefighters too give an critical part in teaching the open with respect to fire and security.
Instructing fire anticipation and teaching the open on how to reply in crisis circumstances can offer assistance spare lives.
Fire Management pathway
Candidates require a long time of work encounter in law requirement, fire security, or an crisis administration field.
Crisis administration executives ordinarily require a bachelor's degree
Correctional Officers in the Corrections pathway
Corrections officers may do a few or all of the taking after:
supervise prisoners' day by day schedule, which incorporates feast, work and amusement times. screen, evaluate and oversee the conduct and security of detainees watch jail buildings and grounds.
Detention Officers in the Law Enforcement pathway.
A detainment officer forms prisoners, keeps up imprison security, serves dinners, transports detainees, gets and forms detainees into care of educate, looks detainees, and takes charge of individual property and gives detainees with opportunity to call their lawyer or relative.
A Career Pathway traces the positions, compensation, and preparing required to development in an industry.
Thus, the correct answer is A.
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If more states legalize recreational marijuana, what is the likely effect on the supply of marijuana?.
Answers
It would increase as the risk of prosecution falls.
Since it is now legal to grow marijuana in many places, more businesses will want to do so without worrying about facing legal repercussions. As a result, supply will rise.
What is Marijuana?
Marijuana, also known as weed, herb, pot, grass, bud, ganja, Mary Jane, and many more colloquial names for dried Cannabis sativa flowers, is a greenish-gray combination. Some people choose to consume their marijuana as joints, pipes, water pipes (also known as bongs), or blunts (marijuana rolled in cigar wraps).
Additionally, marijuana may be used to make tea, and it's regularly combined with sweets like brownies, cookies, or candies, especially when it's marketed or used as medicine. Additionally, the usage of vaporizers to ingest marijuana is growing. Stronger varieties of marijuana include sinsemilla (from particularly managed female plants) and concentrated resins with high concentrations of the drug's active components, such as waxy budder, hard amber-like shatter, and hash oil that resembles honey.
These resins are becoming more and more well-liked among those who use them for recreational and therapeutic purposes.
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the los angeles times news website offers one month of its subscription-based service for $1 and then the price goes up from there. this is an example of .
Answers
The loss Angeles times news website offers one month of its subscription-based service for $1 and then the price goes up from there. this is an example of penetration pricing.
What are penetration rates?Offering a new good or service for a low initial cost in order to attract customers is known as the penetration pricing strategy. The objective is to aggressively gain market share by aggressively luring customers in with low prices.
What is a good illustration of market penetration?Another example of market penetration that can be used to help a business grow is introducing a new product to the marketplace. When companies launch new products, their target markets frequently experience significant hype.
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How can a country tell if it is operating at full potential?
Answers
Answer:
The maximum amount of goods and services an economy can turn out when it is most efficient.
(Annuity number of periods) How long will it take to pay off a loan of $49,000 at an annual rate of 9 percent compounded monthly if you make monthly payments of $650? Use five decimal places for the monthly percentage rate in your calculations.
The number of years it takes to pay off the loan is
_____(Round to one decimal place.)
Answers
The number of years it takes to pay off the loan is approximately 9.2038 months.
To calculate the number of years it will take to pay off a loan of $49,000 at an annual interest rate of 9% compounded monthly with monthly payments of $650, we can use the formula for the number of periods of an annuity;
n = - (log(1 - (r × PV) / PMT) / log(1 + r)
Where:
n = number of periods (in months)
PV = present value (loan amount) = $49,000
PMT = monthly payment = $650
r = monthly interest rate
First, we will calculate the monthly interest rate. The annual interest rate is 9%, so the monthly interest rate would be 9% / 12 = 0.0075 (rounded to five decimal places).
Substituting the values into the formula;
n = - (log(1 - (0.0075 × 49000) / 650) / log(1 + 0.0075)
Calculating this expression;
n ≈ - (log(1 - 0.0075 × 49000 / 650) / log(1.0075)
n ≈ - (log(1 - 0.0115) / log(1.0075)
n ≈ - (log(0.9885) / log(1.0075)
n ≈ - (-0.011471) / 0.001247
n ≈ 9.2038
Therefore, it will take approximately 9.2038 months to pay off the loan. Rounded to one decimal place, it will take approximately 9.2 years to pay off the loan.
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