A taxpayer has low AGI this year, but unusually high itemized deductions. The one itemized deduction that is allowed to increase the NOL is
A) state and local income and property taxes.
B) home mortgage interest.
C) medical expenses.
D) federal disaster casualty loss on personal-use assets.
D) federal disaster casualty loss on personal-use assets.
Nonbusiness itemized deductions are added back to the extent they exceed nonbusiness income. Only allowable casualty losses on personal-use assets do not require addback.
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In a statistics class, the average grade on the final examination was 75 with a standard deviation of 5. Use Chebyshev's theorem to answer the following questions. ? a.At least what percentage of the students received grades between 50 and 100?b. Determine an interval for the grades that will be true for at least 70% of the students. (Hint: First, compute the Z-score.)
What will be an ideal response?
The U.S. avoids trade barriers on imports in support of free trade principles.
Answer the following statement true (T) or false (F)
The par value of stock
a. is usually higher for common stock than for preferred stock. b. is an arbitrary amount. c. less the additional paid-in capital represents the company's legal capital. d. are all of these.
Which of the following is a technique for achieving coherence?
a. Repeat your main idea in each paragraph. b. Use more adjectives than adverbs. c. Use connecting words. d. Use passive voice.