Business, 08.07.2020 18:01 angeleyes4u610p6np54
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowed $28,000 from County Bank and paid interest of $1,680. Lionel used the loan proceeds to pay his law school tuition. Calculate the amounts Lionel can deduct for interest on higher-education loans under the following circumstances: (Leave no answer blank. Enter zero if applicable.)
Answers: 3
Business, 22.06.2019 16:00
If the family’s net monthly income is 7,800 what percent of the income is spent on food clothing and housing?
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Business, 23.06.2019 04:40
2. a computer equipment was acquired at the beginning of the year at a cost of $56,000 with an estimated residual value of $5,000, and an estimated useful life of five years. determine the second year’s depreciation expense using the straight-line method.
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Business, 23.06.2019 20:00
What could explain why a decrease in taxes could lead to a less-than-proportionate increase in output? a. as a result of diminishing returns to current consumption, consumers may choose to spread the extra spending over the long term rather than consuming the proceeds of a tax cut all at once. b. consumers may choose to save much of the tax cut in anticipation of having to pay higher taxes in the future. c. a decrease in taxes will necessitate lower government outlays, thus largely offsetting the higher consumption expenditures of households. d. all of the above. e. a and b only.
Answers: 3
Lionel is an unmarried law student at State University Law School, a qualified educational instituti...
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