Linda, who files as a single taxpayer, had agi of $280,000 for 2018. she incurred the following expenses and losses during the year: medical expenses (before the 7.5%-of-agi limitation) $33,000 state and local income taxes 4,800 state sales tax 1,300 real estate taxes 6,000 home mortgage interest 5,000 automobile loan interest 750 credit card interest 1,000 charitable contributions 7,000 casualty loss (before 10% limitation but after $100 floor; not in a federally declared disaster area) 34,000 unreimbursed employee business expenses 7,600 calculate linda’s allowable itemized deductions for the year.

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Alicia has a collision deductible of $500 and a bodily injury liability coverage limit of $50,000. she hits another driver and injures them severely. the case goes to trial and there is a verdict to compensate the injured person for $40,000 how much does she pay?

The following selected circumstances relate to pending lawsuits for erismus, inc. erismus’s fiscal year ends on december 31. financial statements are issued in march 2019. erismus prepares its financial statements according to u.s. gaap. required: indicate the amount erismus would record as an asset, liability, or not accrued in the following circumstances. 1. erismus is defending against a lawsuit. erismus's management believes the company has a slightly worse than 50/50 chance of eventually prevailing in court, and that if it loses, the judgment will be $1,000,000. 2. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages could fall anywhere in the range of $2,000,000 to $4,000,000, with any damage in that range equally likely. 3. erismus is defending against a lawsuit. erismus's management believes it is probable that the company will lose in court. if it loses, management believes that damages will eventually be $5,000,000, with a present value of $3,500,000. 4. erismus is a plaintiff in a lawsuit. erismus's management believes it is probable that the company eventually will prevail in court, and that if it prevails, the judgment will be $1,000,000. 5. erismus is a plaintiff in a lawsuit. erismus’s management believes it is virtually certain that the company eventually will prevail in court, and that if it prevails, the judgment will be $500,000.