Simon lost $6,500 gambling this year on a trip to las vegas. in addition, he paid $2,570 to his broker for managing his $257,000 portfolio and $1,115 to his accountant for preparing his tax return. in addition, simon incurred $2,850 in transportation costs commuting back and forth from his home to his employer's office, which were not reimbursed. calculate the amount of these expenses that simon is able to deduct, assuming he itemizes his deductions, in each of the following situations:

a) simon's agi is $31,600:

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Which of the following statements is true about financial planning

Grant, inc., acquired 30% of south co.’s voting stock for $200,000 on january 2, year 1, and did not elect the fair value option. the price equaled the carrying amount and the fair value of the interest purchased in south’s net assets. grant’s 30% interest in south gave grant the ability to exercise significant influence over south’s operating and financial policies. during year 1, south earned $80,000 and paid dividends of $50,000. south reported earnings of $100,000 for the 6 months ended june 30, year 2, and $200,000 for the year ended december 31, year 2. on july 1, year 2, grant sold half of its stock in south for $150,000 cash. south paid dividends of $60,000 on october 1, year 2. before income taxes, what amount should grant include in its year 1 income statement as a result of the investment?