Larry recorded the following donations this year: $500 cash to a family in need $2,400 to a church $500 cash to a political campaign To the Salvation Army household items that originally cost $1,200 but are worth $300. What is Larry's maximum allowable charitable contribution if his AGI is $60,000? Multiple Choice $2,900 $1,000 $2,700 $4,600 None of the choices are correct.

Answers

Answer 1

Larry's maximum allowable charitable contribution if his AGI is $60,000 is: $2,700.

Maximum allowable charitable contribution

A charitable contribution can be defined as the way in which a person donate his or her own money , goods or services to an organization thereby deducting the market value of this contribution from the person income tax return.

Maximum allowable charitable contribution=$2,400 to a church+ Household items worth of $300

Maximum allowable charitable contribution= $2,700

Therefore Larry maximum allowable charitable contribution if his AGI is $60,100 is $2,700.

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Related Questions

g Roper's Rice earns $7 million per year as a monopolist in the packaged rice industry. If a new firm enters, profits earned by Roper's Rice fall to $3 million. If Roper's Rice increases output, the new firm does not enter and Roper's Rice earns profits of $5 million. Should Roper's Rice engage in limit pricing if the interest rate is 8%

Answers

Answer:

yes

Explanation:

The present value of benefits exceeds the up-front costs.

What do customers do after making a purchase?

Answers

They use the product also they can make a review on that product they used.

At a sales volume of 30,000 units, Carne Company's total fixed costs are $30,000 and total variable
costs are $45,000. The relevant range is 20,000 to 40,000 units.

Answers

Answer:

$2.25

Explanation:

sale volume of company = 30,000 unit

total fixed cost are = $30,000

total variable cost $45,000 for 30,000 unit

1 unit = 45000/30000 = $ 1 . 5

for the sale of 40,000 unit

the total expected cost

= Fixed cost + Variable cost

= $30,000 + 40,000×$1.50

= $30,000+$60,000

= $90,000

Cost per unit:

= $90,000/40,000

= $2.25

After an account has been written off using the direct write-off method, it will not be collected. True or False

Answers

Answer:

The awsner is true to that.

An increase in bond prices is usually accompanied by
Part 2
A.
an increase in the opportunity cost of holding money.
B.
a decrease in the quantity demanded of money.
C.
an increase in the quantity demanded of money.
D.
an increase in interest rates.

Answers

Answer:

C. an increase in the quantity demanded of money

Many people who do not smoke cigars are bothered by the odor of cigar smoke. If private contracting is impossible, will too many or too few cigars be produced and consumed? Taking all costs into account, is the market price of cigars too high or too low?

Answers

If private contracting is impossible, too many cigars would be produced and consumed. The market price of cigars is too low.

What is negative externality?

Negative externality is when the production or consumption activities of economic agents negatively affects third parties not involved in production or consumption.

For example, smoking a cigar affects others that are not smoking that are around the person that is smoking. Negative externality occurs because the cost of production or consumption is too low.

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If you lived in Japan, which city would you most like to visit to get the best buys for your
money?

Answers

Answer:

A big apartment

Explanation:

not too roomy and not too expensive

Steeler Corporation is planning to sell 100,000 units for $2.00 per unit and will break even at this level of sales. Fixed expenses will be $75,000. What are the company's variable expenses per unit? Group of answer choices $1.00 $1.10 $1.25 $0.75

Answers

The company's variable expenses per unit is 1.25

What is breakeven?

Breakeven is a point at which neither profit nor loss is made. It is used to determine the number of units or dollars of revenue needed to cover total costs.

Number of units to sell = 100,000

Price per unit = 2

Fixed expense = 75000

At break even point :

Revenue = total expenses

Total expenses

= fixed cost + variable cost

Let variable cost = x

Revenue

= units to sell * price per unit

Revenue

= 100,000 * 2

= 200,000

Hence,

Fixed cost + variable cost = Revenue

75000 + x = 200,000

x = 200, 000 - 75000

x = 125,000

Variable cost = 125,000

The variable expense per unit is thus :

Variable expense / number of units

= 125,000 / 100,000

= 1.25 per unit

Hence, the company's variable expenses per unit is 1.25

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Aliya is a line supervisor in a denim apparel factory. Aliya has set a(n) ________ to reduce the time she spends training new workers. Multiple Choice

Answers

It should be noted that an operational goal has been set to reduce the time she spends training new workers.

What is training?

It should be noted that training is important in order to improve the skills of workers in organizations.

Since Aliya is a line supervisor in a denim apparel factory, she has set an operational goal to reduce the time she spends training new workers

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why has the voting public who will decide the question of how much government involvement will be in our economy

Answers

Answer: I can try to help you.

Explanation: In the narrowest sense, the government's involvement in the economy is to help correct market failures or situations in which private markets cannot maximize the value that they could create for society.

4.3. Identify THREE benefits that could inspire one to avoid being unemployed after graduating (3x2) (6)​

Answers

Three benefits that could inspire one to avoid being unemployed after graduating is:

Do the Job you would desire after graduating during collegeApply for internshipsDevelop the qualities of a leader during college.

What is Unemployment?

Unemployment is a state of being idle without job. It is a situation where one does not work and does not earn.

Applying for internships during college can spur an individual to avoid being unemployed after graduating. Also, doing the work you desire to do after college can be a motivating factor and developing leadership skills can inspire one to avoid being unemployed after graduating.

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The three benefits that could inspire one to avoid being employed after graduation are:

The need to make income.The need for self sufficiency.The need for independence.

What is unemployment?

This is a state that exists in an economy due to the fact that the people that are well able to work and trained for jobs are unable to find work.

When people are employed some of the benefits that comes with it is that they can earn income, they have their independence and are well able to cater for their needs.

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Easy points

What are two of the most popular games of their genre like for example ( battle royale, Gacha, puzzle you catch my drift)? Also, list their sales il do one for you Gacha do the rest pls :)

Answers

Fortnight

Explanation:

It's just the best game, no explanation is needed.

it won't let me post this if i dont spell the game right

Im trying to say something and it says is is something bad but I’m not even doing nothing wrong

CARLIN:




Has been renting a two-bedroom apartment with her husband and 3 kids; wants to move into a three-bedroom home instead

Took her five years, but she has saved $20,000 for a down payment

Homes in her small town are typically selling for $75,000 to $95,000

Is preapproved for a 3. 89% interest rate on a 30-year fixed mortgage

Needs her monthly payment to be less than $400


How much total interest will she pay over the course of the mortgage for this house?

Answers

Carlin will pay a total of $45,000 for interests if she buys an $85,000 house.

What is the interest?

The interest refers to the amount of money Carlin needs to pay to the bank for the loan.

How is the interest calculated?

Total interest: Percentage given of the total loan.

Let's assume Carlin buys an $85,000 house.

$85,000 - $20,000 (down payment) = $65,000$65,000 / 100 x 3.89 = $2528

$2528 would be the annual interest paid for $65,000. However, as Carlin pays her debt the total of money left will decrease and so will do the interest that she pays.

Due to this, the total interest would be approximately $45,000.

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Which of the following is NOT an advantage of paying bills online?


A. The ability to pay bills while away from home on vacation.
B. You will only receive a record of your payment if you pay bills online.
C. If you pay a fee for every check you write, you save on bank fees.
D. You save the cost of postage associated with mailing checks.

Answers

Answer: you will only receive a record of your payment if you pay bills online

Explanation:

what economic system does Zambia use?​

Answers

Answer:

Zambia has a mixed economy in which there is a variety of private freedom, combined with centralized economic planning and government regulation.

Explanation:

A customer calls to order a gift for their oldest child's 8th
birthday. He mentions that all of his children have
birthdays in the same month. What do you do?

Answers

Answer:

suggest that he continues to buy from your company?

Explanation:

Describe the nature of a manufacturing businesses

Answers

Answer:

manufacturing business is any business that uses components, parts or raw materials to make a finished good. These finished goods can be sold directly to consumers or to other manufacturing businesses that use them for making a different product.

What is the economic order quantity if annual demand is 100 units, the order placement cost is $25, and the holding cost per unit per year is $50

Answers

The  economic order quantity if annual demand is 100 units is: 10 units.

Economic order quantity

Using this formula

Economic order quantity =√2×Annual demand× Order placement cost/ Holding cost

Let plug in the formula

Economic order quantity=√2×100×$25/$50

Economic order quantity=√5,000/50

Economic order quantity=√100

Economic order quantity=10 units

Inconclusion the  economic order quantity if annual demand is 100 units is: 10 units.

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why is it important to do research to locate appropriate work or study and funding opportunities from various sources (inclusing online)before making the final decision ​

Answers

It is very important to  do research to known the level of work or study and funding opportunities from various sources before making the final decision ​ due to the fact that when you don't know the above and you start your research, when you encounter problem halfway such as lack of funds, it may lead to one abandoning the project completely.

Why do one need research funding?

Research funding is known to be a key part of conducting any form of research.

Conclusively,  For one to be able to have a research grant is said to be a matter of name for a researcher and it also helps in the growth of one's career.

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PLEASE HELP!!!! WILL GIVE BRAINLIEST!!!





Is the second one correct (the answer I chose is in blue)

Answers

Yes you are correct that answer is right

Explain the purpose, format and structure of business letters?​

Answers

Answer:

The most common forms of business are sole proprietorship, partnership, corporation and S corporation.

To be a high-performance team, a team:
A) needs to practice good communication
B) needs to give appropriate feedback to each other
C) should contain members with a variety of skills
D)must have a great leader
E) is accurately described by all of these

Answers

E it’s e I know because just trust me

To be a high-performance team, a team should practice good communication along with proper feedback and be a great leader. Thus the correct option is E.

What is Team?

When a group of people is structured and officially come together to achive a common objective by playing individual roles it is considered as a team.

A team is said to be high-performance when there is good communication established between them which helps them to exchange ideas, share views, and to resolve conflicts.

Good communication helps them to engage effectively and receive feedback from team members which helps them in bringing improvement and achieving growth.

A team should have a good leader who helps to provide appropriate direction and guidance whenever it is needed and encourage team members to gain skills.

Therefore, option E is appropriate.

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#SPJ2

XYZ stock price and dividend history are as follows:

Year Beginning-of-Year Price Dividend Paid at Year-End
2018 $118 $3
2019 126 3
2020 110 3
2021 115 3

An investor buys six shares of XYZ at the beginning of 2018, buys another three shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all eight remaining shares at the beginning of 2021.

Required:
a. What are the arithmetic and geometric average time-weighted rates of return for the investor?
b. What is the dollar-weighted rate of return?

Answers

This answer was deleted by a Brainly Staff Member for violating our Terms of Service.

How much is 1/2% of $10.00?

Answers

Answer:

I think it's 0.5 which is half of 10.00.

Explanation:

Hideki was attending his fifth baseball game at Condor Stadium, where he had previously had a panic attack. He did not know if he would have a panic attack today, but shortly after entering the stadium, he did. This type of panic attack is

Answers

Hideki type of panic attack is known as situationally predisposed.

What are Situationally-bound (cued) panic attacks?

This is known to be a kind of panic attack that is said to recur in a predictive way and also in temporal relationship so as to ignite the attack.

Situationally predisposed panic attacks are said to be likely to happen when linked with a given trigger, but they do not happen often.

The triggers for panic attacks are  over breathing, long periods of stress and others.

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what does business mean​

Answers

It’s like Elon musks company Tesla or space ex those are businesses same as McDonald’s and stuff like that

Answer:

business is a kind of saling introducing the product of any country and another nations who like to buy and approve the product.

what is changing risk​

Answers

Answer:

here:

Explanation:

A change risk is the probability that a change program will not reach its stated objectives and goals. There is a wide range of factors that will increase the change risk for a project, and so it is important to conduct an effective risk change assessment to understand, document, and reduce these change risks.

What is demand? In your own word

Answers

Answer:

Explanation:

Demand in business is the desire of consumers to purchase goods and services at the given prices.

When u demand u want someone thing to happen no matter wat

Which of the following matches the appropriate customer strategy with the customer’s strategic importance?

a. "A" Customer; Service Strategy
b. "B" Customer; Satisfaction Strategy
c. "C" Customer; Satisfaction Strategy
d. "A" Customer; Satisfaction Success
e. "B" Customer; Success Strategy
f. "C" Customer; Success Strategy

Answers

The statement that matches  the appropriate customer strategy with the customer’s strategic importance is: "B" Customer; Satisfaction Strategy.

What is customer strategy?

Customer strategy can be defined as the process of planning so as to achieve a set goals and objectives a company has for their target customers.

Customer satisfaction strategy is important as it enables companies or organization to satisfy their customers  based on the review or feedback they get  from their customers.

Inconclusion the statement that matches  the appropriate customer strategy with the customer’s strategic importance is: "B" Customer; Satisfaction Strategy.

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Continuing with the company selected in Unit 2, discuss how the income statement budget would be created for a year starting with the sales budget through the SG&A budget. Be sure to: • Be specific in describing the component line items of each • Identify the individuals that would be involved in developing the budgets

Answers

For a given year, the income statement budget is created through the use of predictions and fore casting.

What is the income statement budget?

This is the budget that is made up of the revenue, the expenditure and the profit for a particular year.

The financial report from the former year and the budget for the new period is what is taken into account.

The individuals that develop the  income statement budget would be the accountant.

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