Classify each of the following expenditures paid in 2019 as a deduction for agi, a deduction from agi, or not deductible: a. roberto gives cash to his father as a birthday gift. b. sandra gives cash to her church. c. albert pays dr. dafashy for medical services rendered. d. mia pays alimony to bill. e. rex, who is self-employed, contributes to his pension plan. f. bonita pays expenses associated with her rental property. g. lu, who operates a sole proprietorship, takes a client to dinner to discuss new business.

Biochemical corp. requires $600,000 in financing over the next three years. the firm can borrow the funds for three years at 10.80 percent interest per year. the ceo decides to do a forecast and predicts that if she utilizes short-term financing instead, she will pay 7.50 percent interest in the first year, 12.15 percent interest in the second year, and 8.25 percent interest in the third year. assume interest is paid in full at the end of each year. a)determine the total interest cost under each plan. a) long term fixed rate: b) short term fixed rate: b) which plan is less costly? a) long term fixed rate plan b) short term variable rate plan

Which of the following will not cause the consumption schedule to shift? a) a sharp increase in the amount of wealth held by households b) a change in consumer incomes c) the expectation of a recession d) a growing expectation that consumer durables will be in short supply

If the reserve requirement is 10 percent, what amount of excess reserves does a bank acquire when a business deposits a $500 check drawn on another bank?