subject
Business, 25.12.2019 19:31 rsanchez1226

Jamie has an undergraduate degree in finance and is employed full-time by a bank. she is taking courses at a local university leading to an mba degree.

a. based on the reasons for the taking courses listed below, identify for jamie whether the associated costs are "deductible" or "nondeductible".

i. it is to maintain or improve existing skills required in her present job.
ii. it is to meet the minimum educational standards for qualification in her existing job.
iii. it is to qualify her for a new trade or business.
iv. it is to meet the express requirements of her employer or the requirements imposed by law to retain her employment status.
b. complete the statement below outlining the limitations imposed on the deduction.

i. assume that jamie is a single filer with an magi of $64,000.
ii. click here to view § 222 deduction amounts.
iii. deductible for agi and deducted from agi as an itemized deduction which subject to the 2%-of-agi limitation.

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 19:00
If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of
Answers: 1
question
Business, 22.06.2019 02:00
Southeastern bell stocks a certain switch connector at its central warehouse for supplying field service offices. the yearly demand for these connectors is 15,000 units. southeastern estimates its annual holding cost for this item to be $25 per unit. the cost to place and process an order from the supplier is $75. the company operates 300 days per year, and the lead time to receive an order from the supplier is 2 working days.a) find the economic order quantity.b) find the annual holding costs.c) find the annual ordering costs.d) what is the reorder point?
Answers: 2
question
Business, 22.06.2019 08:20
(05.04 mc) a 2012 report from the u.s. surgeon general stated: "another common practice is strategically locating tobacco-related marketing materials where young children will be exposed to them. tobacco industry executives acknowledge that products and advertising should be placed at eye level (pollay 2007), but in california, 48% of stores had at least one cigarette marketing item at or below 3 feet from the floor (feighery et al. 2001)." it was also noted that 25% of cigarette displays were next to candy. in addition, a national study found that about one-third of the stores had tobacco ads at low heights. after california banned counter displays, some stores place cigarettes in transparent displays so product brands could still be seen. why did some stores use transparent units to display the cigarettes? (3 points) to comply with the new rules while still encouraging cigarette purchases via visual exposure to ensure children and minors are not exposed to cigarettes and their eye-catching packaging to minimize exposure to humidity, extending the shelf life of the cigarettes' tobacco to reduce the occurrence of shoplifting, since cigarettes are high-revenue items
Answers: 3
question
Business, 22.06.2019 08:30
Uppose that the federal reserve purchases a bond for $100,000 from donald truck, who deposits the proceeds in the manufacturer’s national bank. what will be the impact of this purchase on the supply of money? the money supply will increase by $100,000. the money supply will increase by $80,000. the money supply will increase by $500,000. this action will have no effect on the money supply. if the reserve requirement ratio is 20 percent, what is the maximum amount of additional loans that the manufacturer’s bank will be able to extend as the result of truck’s deposit? the maximum additional loans is $100,000. the maximum additional loans is $80,000. the maximum additional loans is $20,000. the maximum additional loans is $500,000. given the 20 percent reserve requirement, what is the maximum increase in the quantity of checkable deposits that could result throughout the entire banking system because of the fed’s action? this action will have no effect on the money supply. the money supply will eventually increase by $80,000. the money supply will eventually increase by $500,000. the money supply will eventually increase by $100,000.
Answers: 1
You know the right answer?
Jamie has an undergraduate degree in finance and is employed full-time by a bank. she is taking cour...
Questions
question
English, 25.10.2020 01:00
question
History, 25.10.2020 01:00
question
Chemistry, 25.10.2020 01:00
question
Mathematics, 25.10.2020 01:00
question
Spanish, 25.10.2020 01:00
question
History, 25.10.2020 01:00
question
Mathematics, 25.10.2020 01:00
question
Mathematics, 25.10.2020 01:00
Questions on the website: 13722363