The Inouyes filed jointly in 2019. Their AGI is $78,000. They reported $2,000 of qualified business income and $22,000 of itemized deductions. They have two children, one of whom qualifies as their dependent as a qualifying child. The 2019 standard deduction amount for MFJ taxpayers is $24,400. What is the total amount of from AGI deductions they are allowed to claim on their 2019 tax return?
What will be an ideal response?
$24,800, determined as follows:
From AGI deductions include the following:
Greater of standard deduction ($24,400) or itemized deductions ($22,000) is $24,400. Their deduction for qualified business income is $400 ($2,000 × 20%). Total from AGI deduction is $24,800 ($24,400 + $400)
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Use of activity-based costing and activity-based management requires
a. the creation of an environment for change in an organization. b. elimination of all non-value-added activities in an organization. c. that company processes be automated and the use of direct labor be minimal. d. each process be fully mapped and all activities be identified as value-added or non-value-added.
Define organizational commitment, and explain why it is important. Discuss why employers work to reduce rates of turnover.
What will be an ideal response?
Which of the following movements was established to focus on resilience to deal with the impacts of peak oil and climate change?
a. The Natural Step b. Transition Towns c. New Urbanism d. None of the above
Under the Clean Air Act A)states and the EPA were to act as partners wherein the individual states would formulate state implementation plans to meet primary and secondary standards created by the EPA
B)the EPA formulated primary and secondary standards for air pollution; however, the individual states were not required to comply with these standards if they already had reasonable state statutes or regulations in place. C)the states were required to follow the guidelines established by the EPA and did not have the authority to create their own state plans for implementing the federal standards. D)state laws or regulations preempt or take precedence over the guidelines promulgated by the EPA.