Ida is engaged in a not-for-profit (hobby) activity. She uses 15% of her home for the hobby. The income and expenses of the activity are as follows.Gross income $3,000Subtract: Real estate taxes (15% of residence)$450Home mortgage interest (15% of residence)900Insurance400Utilities750Maintenance300Depreciation on an automobile700Depreciation on a machine200Loss $(700)Ida also had income from Wages of $87,000. Her Itemized deductions include:Real estate taxes (85% of total)$2,250Home mortgage interest (85% of total)5,100What is Ida’s AGI?What are Ida’s total Itemized deductions?
RECOMMENDED!!Ida is engaged in a not-for-profit (hobby)
How it works
- Paste your instructions in the instructions box. You can also attach an instructions file
- Select the writer category, deadline, education level and review the instructions
- Make a payment for the order to be assignment to a writer
- Download the paper after the writer uploads it
Will the writer plagiarize my essay?
You will get a plagiarism-free paper and you can get an originality report upon request.
Is this service safe?
All the personal information is confidential and we have 100% safe payment methods. We also guarantee good grades
Recent Comments