Antoine is single and has agi of $277,000 for 2019. he incurred the following expenses and losses during the year: medical expenses before the 10%-of-agi limitation $44,225 state and local income taxes 2,700 state sales tax 2,900 real estate taxes 13,400 home mortgage interest 12,800 credit card interest 815 charitable contribution 11,700 casualty loss before 10% limitation (after $100 floor; not in a federally declared disaster area) 20,600 unreimbursed employee expenses subject to the 2%-of-agi limitation 14,400 if required, round any computations to the nearest dollar. calculate antoine's allowable itemized deductions for the year.

You speak to a business owner that is taking in almost $2000 in revenue each month. the owner still says that they are having trouble keeping the doors open. how can that be possible? use the terms of revenue, expenses and profit/loss in your answer

Wilson company paid $5,000 for a 4-month insurance premium in advance on november 1, with coverage beginning on that date. the balance in the prepaid insurance account before adjustment at the end of the year is $5,000, and no adjustments had been made previously. the adjusting entry required on december 31 is: (a) debit cash. $5,000: credit prepaid insurance. $5,000. (b) debit prepaid insurance. $2,500: credit insurance expense. $2500. (c) debit prepaid insurance. $1250: credit insurance expense. $1250. (d) debit insurance expense. $1250: credit prepaid insurance. $1250. (e) debit insurance expense. $2500: credit prepaid insurance. $2500.

What is the difference between total utility and marginal utility? a. marginal utility is subject to the law of diminishing marginal utility while total utility is not. b. total utility represents the consumer optimum while marginal utility gives the total utility per dollar spent on the last unit. c. total utility is the total amount of satisfaction derived from consuming a certain amount of a good while marginal utility is the additional satisfaction gained from consuming an additional unit of the good. d. marginal utility represents the consumer optimum while total utility gives the total utility per dollar spent on the last unit.