subject
Business, 24.10.2019 21:43 levicorey846

Nikki is a single taxpayer who owns a vacation cottage on the lake. during the year, she rented it for $2,000 for 14 days, lived in it for 56 days, and left it vacant the remainder of the year. the year's expenses amounted to $5,000 interest expense, $800 property taxes, $1,500 utilities and maintenance, and $2,400 depreciation. using the irs method of allocating expenses, how much of the property-related expenses will be deductible for agi?
a. 0
b. $2,000
c. $1,940
d. $9,700

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 21:30
Which of the following best explains why online retail companies have an advantage over regular stores? a. their employees make less money because they mostly perform unskilled tasks. b. they are able to keep distribution costs low by negotiating deals with shipping companies. c. their transactions require expensive state-of-the-art technological devices. d. they have a larger number of potential customers because people anywhere can buy from them.
Answers: 1
question
Business, 23.06.2019 00:00
Winston churchill's stamp collection was valued at $14 million when he died. at auction, it brought in only $4 million. what was it worth? why?
Answers: 3
question
Business, 23.06.2019 02:30
Drag the tiles to the correct boxes to complete the pairs. match the scenarios with terms related to financial aid. entrance counseling fafsa financial need megan is planning to pursue an undergraduate degree in chemistry. but since her father lost his job five years ago, the family had been unable to save up enough for megan's education. arrowright kunal recently learned that he is going to receive a student loan. now he needs to attend a session in which he will learn the how the loan process works, as well as his responsibilities as a borrower. arrowright josie created an fsa id and completed a long application form online. the form asked for a lot of financial details about josie and her family. arrowright
Answers: 1
question
Business, 23.06.2019 03:20
Which of the following traits indicate that stephanie is good at time management in her new management role? during the work day, stephanie does not know what to do next. stephanie's work space is crowded and cluttered. stephanie uses breaks during work to see what friends are up to on social media. stephanie keeps a schedule for events, meetings, and deadlines.
Answers: 1
You know the right answer?
Nikki is a single taxpayer who owns a vacation cottage on the lake. during the year, she rented it f...
Questions