Mr. and Mrs. Sloan incurred the following expenses during the current year, when they adopted a child:

Child's medical expenses $5,000
Legal expenses 9,000
Agency fee 4,000
Before consideration of any "floor" or other limitation on deductibility, what amount of the above expenses may the Sloans deduct on their current year joint income tax return?

a.$18,000
b.$14,000
c.$13,000
d.$ 5,000

Given the following information about the closed economy of brittania, what is the level of investment spending and private savings, and what is the budget balance? assume there are no government transfers. gdp=$1180.00 million =$510.00 million =$380.00 million =$280.00 million

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Adrawback of short-term contracting as an alternative to making a component in-house is thata. it is the most-integrated alternative to performing an activity so the principal company has no control over the agent. b. the supplying firm has no incentive to make any transaction-specific investments to increase performance or quality. c. it fails to allow a long planning period that individual market transactions provide. d. the buying firm cannot demand lower prices due to the lack of a competitive bidding process.