Maria pays the following legal and accounting fees during the year:Legal fees in connection with ongoing operations of a trade or business$4,000Legal fees related to purchase of personal residence2,600Legal fees related to tax deficiency related to Schedule A itemized deductions500Tax return preparation fees: Allocable to preparation of Schedule C2,000Tax return preparation fees: Allocable to preparation of remainder of return2,100What is the total amount of her for AGI deduction for these fees?
A. $8,100
B. $11,200
C. $4,000
D. $6,000
Answer: D
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The Incoterm acronym CFR (named destination port), refers to
Fill in the blank(s) with the appropriate word(s).
A school's newspaper reported that the proportion of students majoring in business is at least 30%. You plan on taking a sample to test the newspaper's claim. The correct set of hypotheses is
A. H0: p< .30 Ha: p
.30.
B. H0: p
.30 Ha: p> .30.
C. H0: p
.30 Ha: p< .30.
D. H0: p> .30 Ha: p
.30.
California Retailing Inc. has sales of $4,000,000; the firm's cost of goods sold is $2,500,000; and its
total operating expenses are $600,000. What is California Retailing's EBIT? A) $900,000 B) $1,300,000 C) $850,000 D) $875,000
Which of the following best fits the description "speculative stock"?
A) Sirius XM Radio B) Facebook C) Amazon D) Apple