Adjusted gross income, Their adjusted gross income before

Adjusted gross income

Assignment Help Business Management

Reference no: EM13991875

Stoycho and Selen are married and have the following investment income for 2009 and 2010:

	2009	2010
Interest on U.S. Treasury notes	$1,200	$1,400
Cash dividends	3,000	2,200
Interest on savings	2,000	1,500
Interest on state of Montana bonds	800	800
Net long-term capital gain	1,000	500

Their adjusted gross income before considering the investment income is $84,000 in 2009 and $73,500 in 2010. Stoycho and Selen pay $9,000 in investment interest in 2009 and $5,000 in 2010. The investment interest is incurred to acquire all the investments in their portfolio.

Write a letter to Stoycho and Selen explaining how much investment interest they can deduct for 2009 and 2010.

Reference no: EM13991875

Questions Cloud

Comprehensive analysis of the business needs : Identify network security measures needed and providing detailed information about them. Network security measures should also include preventative and maintenance measures.

Find five specific professional job ads : Find five specific "professional" job ads that are relevant to Mechanical Engineering Technology major area of study that you could potentially apply for

Miscellaneous itemized deductions : What would Liang's deduction be if he also had $1,000 in qualifying miscellaneous itemized deductions (employee business expenses)? Assume that in part b, the qualifying expenses total $2,700.

What do you make of the emphasis on nature : What do you make of the emphasis on nature/landscape. Do you see any metaphors here? For Fokir perhaps?

Adjusted gross income : Their adjusted gross income before considering the investment income is $84,000 in 2009 and $73,500 in 2010. Stoycho and Selen pay $9,000 in investment interest in 2009 and $5,000 in 2010. The investment interest is incurred to acquire all the inv..

Allowable deduction for investment interest : 1. What is Marjorie's allowable deduction for investment interest?

Describe the concept of force-field analysis : Describe the concept of force-field analysis and the forces that either drive or restrain change process. Determine the restraining forces and add them to the figure (one arrow per force).

Line of credit to purchase the car : If she uses the line of credit to purchase the car, the interest rate will be 7.95%. Write a letter to Mandy explaining whether she should finance the purchase of her car through the dealer or use her home equity line of credit. Assume Mandy is in..

Prepare a graph of the data : Prepare a graph of the data. On this same graph, plot a 12-month moving average forecast. Discuss any apparent trend and seasonal patterns

User Account

All Pages