Tom lewis, a single taxpayer, had the following income and expense items for the current year: wages $ 55,000 long-term capital loss 4,000 deductible ira contribution (tom is not covered by a retirement plan at work) 2,000 mortgage interest on personal residence 5,000 medical expenses not covered by insurance 6,000 tom's 2019 standard deduction amount 12,200 assuming the medical expense deduction threshold is 10%, what is tom's total deductible itemized deduction amount for the year?

Hours to produce one unit worker hours to produce yarn country a 8 hours country b 4 hours worker hours to produce fabric counrty a 12 hours country b 13 hours additional worker hours to produce fabric instead of yarn country a ? country b? which of the follow is true of the trade relationship between country a and country b? country a has an absolute advantage in producing yarn and fabric country b has an absolute advantage in producing yarn and fabric country b has a comparative advantage to country a in producing fabric country a has a comparative advantage to country b in producing fabric

Record the journal entry for the provision for uncollectible accounts under each of the following independent assumptions: a. the allowance for doubtful accounts before adjustment has a credit balance of $500. b. the allowance for doubtful accounts before adjustment has a debit balance of $250. c. assume that octoberʼs credit sales were $70,000. uncollectible accounts expense is estimated at 2% of sales. smith, gaylord n.. excel applications for accounting principles (p. 51). cengage textbook. kindle edition.

How might non-industrialized countries be impacted by the foreign exchange market?