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. $4,000
B. $6,000
C. $11,200
D. $8,100
Answer: B
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A) proposal solicitation B) general need description C) order-routine specification D) performance review E) product specification
Your new Garden Weasel fails to "completely satisfy" you so you decide to return it for a full refund. What is the name for the system that will carry your weasel back to the manufacturer?
A) upstream logistics B) reverse ordering C) upstream ordering D) reverse logistics
A wheat futures contract is quoted in cents per bushel with a contract unit of 5,000 bushels. If the contract is quoted at a settle price of 685, then the value of one wheat futures contract is
A) $685. B) $3,425. C) $34,250. D) $68,500
The financial manager should ________
A) try to maximize the after-tax payout to the shareholders, for a given payout amount B) try to minimize the firm's earnings per share C) never pay dividend as a payout policy D) only repurchase shares as a payout policy