Arturo, a calendar year taxpayer, paid $18,100 in medical expenses and sustained a $21,720 casualty loss in 2019 (the loss occurred in a federally declared disaster area). he expects $12,670 of the medical expenses and $15,204 of the casualty loss to be reimbursed by insurance companies in 2020. how much can arturo include in determining his itemized deductions for 2019? disregard %-of-agi limitations or casualty loss floor in determining your answers. before considering any limitations (or reductions) on deductions, arturo can include $ of the medical expenses and $ of the casualty loss when determining his itemized deductions in 2019.before considering any limitations (or reductions) on deductions, jayden can include $ of the medical expenses and $ of the casualty loss when determining his itemized deductions in 2019.

What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time

Instructions: use the following information to construct the 2000 balance sheet and income statement for carolina business machines. round all numbers to the nearest whole dollar. all numbers are in thousands of dollars. be sure to read the whole problem before you jump in and get started. at the end of 1999 the firm had $43,000 in gross fixed assets. in 2000 they purchased an additional $14,000 of fixed asset equipment. accumulated depreciation at the end of 1999 was $21,000. the depreciation expense in 2000 is $4,620. at the end of 2000 the firm had $3,000 in cash and $3,000 in accounts payable. in 2000 the firm extended a total of $9,000 in credit to a number of their customers in the form of accounts receivable. the firm generated $60,000 in sales revenue in 2000. their cost of goods sold was 60 percent of sales. they also incurred salaries and wages expense of $10,000. to date the firm has $1,000 in accrued salaries and wages. they borrowed $10,000 from their local bank to finance the $15,000 in inventory they now have on hand. the firm also has $7,120 invested in marketable securities. the firm currently has $20,000 in long-term debt outstanding and paid $2,000 in interest on their outstanding debt. over the firm's life, shareholders have put up $30,000. eighty percent of the shareholder's funds are in the form of retained earnings. the par value per share of carolina business machines stock is

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.