SlideShare ist ein Scribd-Unternehmen logo
1 von 1
Downloaden Sie, um offline zu lesen
Matthew borrows $250,000 to invest in bonds. During 2013, his interest on the loan is $30,000.
Matthew's interest income from the bonds is $10,000. This is Matthew's only investment
income.
A. Calculate Matthew's itemized deduction for investment interest expense for this year?
B. Is Matthew entitled to a deduction in future years? Explain your answer.
Solution
A. Calculate Matthew's itemized deduction for investment interest expense for this year?
Deductable amount = $10,000 Income - $30,000 Expenses = -$20,000
Deduction for current year: $13000. You are allowed to deduct the amount of income and up to
$3000 of a loss for the year.
B. Is Matthew entitled to a deduction in future years? Explain your answer.
Yes, $17,000 can be carried forward and offset against future interest income or a loss of $3000.

Weitere ähnliche Inhalte

Ähnlich wie Matthew borrows $250-000 to invest in bonds- During 2013- his interest.docx

LESSON 11. Which of the following would result in a decrease i.docx
LESSON 11. Which of the following would result in a decrease i.docxLESSON 11. Which of the following would result in a decrease i.docx
LESSON 11. Which of the following would result in a decrease i.docxSHIVA101531
 
Interest Formulae (Gradient Series)
Interest Formulae (Gradient Series)Interest Formulae (Gradient Series)
Interest Formulae (Gradient Series)Syed Muhammad Bilal
 
Suppose that you have a $15-000 balance on a car loan- The balance acc.docx
Suppose that you have a $15-000 balance on a car loan- The balance acc.docxSuppose that you have a $15-000 balance on a car loan- The balance acc.docx
Suppose that you have a $15-000 balance on a car loan- The balance acc.docxchrisflorence13710
 
FINC355 Professor Goohs – Retirement and Estate Planning Quiz .docx
FINC355   Professor Goohs – Retirement and Estate Planning Quiz .docxFINC355   Professor Goohs – Retirement and Estate Planning Quiz .docx
FINC355 Professor Goohs – Retirement and Estate Planning Quiz .docxvoversbyobersby
 
Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Dr. Trilok Kumar Jain
 
Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Dr. Trilok Kumar Jain
 
Sydney saved $10-000 during her first year of work after college and p.docx
Sydney saved $10-000 during her first year of work after college and p.docxSydney saved $10-000 during her first year of work after college and p.docx
Sydney saved $10-000 during her first year of work after college and p.docxchrisflorence13710
 
Acct553 W4 You Decide Memo
Acct553 W4 You Decide MemoAcct553 W4 You Decide Memo
Acct553 W4 You Decide MemoKim Stephens
 
How to under stand Financial Management.docx
How to under stand Financial Management.docxHow to under stand Financial Management.docx
How to under stand Financial Management.docxbkbk37
 
Group Exercise Using the Chart of Accounts view of the rec.docx
Group Exercise Using the Chart of Accounts view of the rec.docxGroup Exercise Using the Chart of Accounts view of the rec.docx
Group Exercise Using the Chart of Accounts view of the rec.docxbenjaminjames21681
 
Section 3.pdf
Section 3.pdfSection 3.pdf
Section 3.pdfAmrAmr42
 
Financial problems
Financial problemsFinancial problems
Financial problemsRajni Tyagi
 
1. (10 points) The lecture described how taxing income may chang.docx
1. (10 points) The lecture described how taxing income may chang.docx1. (10 points) The lecture described how taxing income may chang.docx
1. (10 points) The lecture described how taxing income may chang.docxdorishigh
 
Prescott Football Manufacturing had the following operating results f.pdf
Prescott Football Manufacturing had the following operating results f.pdfPrescott Football Manufacturing had the following operating results f.pdf
Prescott Football Manufacturing had the following operating results f.pdfcomputer12s
 
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docx
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docxQUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docx
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docxniraj57
 
Present value analysis Business Finance homework help.docx
Present value analysis Business Finance homework help.docxPresent value analysis Business Finance homework help.docx
Present value analysis Business Finance homework help.docxwrite5
 
Time value of money approaches in the financial management
Time value of money approaches in the financial managementTime value of money approaches in the financial management
Time value of money approaches in the financial managementHabibullah Qayumi
 

Ähnlich wie Matthew borrows $250-000 to invest in bonds- During 2013- his interest.docx (20)

LESSON 11. Which of the following would result in a decrease i.docx
LESSON 11. Which of the following would result in a decrease i.docxLESSON 11. Which of the following would result in a decrease i.docx
LESSON 11. Which of the following would result in a decrease i.docx
 
Interest Formulae (Gradient Series)
Interest Formulae (Gradient Series)Interest Formulae (Gradient Series)
Interest Formulae (Gradient Series)
 
Suppose that you have a $15-000 balance on a car loan- The balance acc.docx
Suppose that you have a $15-000 balance on a car loan- The balance acc.docxSuppose that you have a $15-000 balance on a car loan- The balance acc.docx
Suppose that you have a $15-000 balance on a car loan- The balance acc.docx
 
Business Math
Business MathBusiness Math
Business Math
 
FINC355 Professor Goohs – Retirement and Estate Planning Quiz .docx
FINC355   Professor Goohs – Retirement and Estate Planning Quiz .docxFINC355   Professor Goohs – Retirement and Estate Planning Quiz .docx
FINC355 Professor Goohs – Retirement and Estate Planning Quiz .docx
 
Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs
 
Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs Fundamental accounting for entrepreneurs
Fundamental accounting for entrepreneurs
 
Sydney saved $10-000 during her first year of work after college and p.docx
Sydney saved $10-000 during her first year of work after college and p.docxSydney saved $10-000 during her first year of work after college and p.docx
Sydney saved $10-000 during her first year of work after college and p.docx
 
Acct553 W4 You Decide Memo
Acct553 W4 You Decide MemoAcct553 W4 You Decide Memo
Acct553 W4 You Decide Memo
 
How to under stand Financial Management.docx
How to under stand Financial Management.docxHow to under stand Financial Management.docx
How to under stand Financial Management.docx
 
Group Exercise Using the Chart of Accounts view of the rec.docx
Group Exercise Using the Chart of Accounts view of the rec.docxGroup Exercise Using the Chart of Accounts view of the rec.docx
Group Exercise Using the Chart of Accounts view of the rec.docx
 
Section 3.pdf
Section 3.pdfSection 3.pdf
Section 3.pdf
 
Financial problems
Financial problemsFinancial problems
Financial problems
 
1. (10 points) The lecture described how taxing income may chang.docx
1. (10 points) The lecture described how taxing income may chang.docx1. (10 points) The lecture described how taxing income may chang.docx
1. (10 points) The lecture described how taxing income may chang.docx
 
Prescott Football Manufacturing had the following operating results f.pdf
Prescott Football Manufacturing had the following operating results f.pdfPrescott Football Manufacturing had the following operating results f.pdf
Prescott Football Manufacturing had the following operating results f.pdf
 
Compound interest
Compound interestCompound interest
Compound interest
 
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docx
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docxQUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docx
QUESTION `1. [6 + 8  = 14 Marks.]a) This is a two pe.docx
 
Present value analysis Business Finance homework help.docx
Present value analysis Business Finance homework help.docxPresent value analysis Business Finance homework help.docx
Present value analysis Business Finance homework help.docx
 
Time value of money approaches in the financial management
Time value of money approaches in the financial managementTime value of money approaches in the financial management
Time value of money approaches in the financial management
 
SI Final Exam Jeopardy
SI Final Exam JeopardySI Final Exam Jeopardy
SI Final Exam Jeopardy
 

Mehr von maryi15

Meditorian Banking Statistics The monetary policy of Meditor is determ.docx
Meditorian Banking Statistics The monetary policy of Meditor is determ.docxMeditorian Banking Statistics The monetary policy of Meditor is determ.docx
Meditorian Banking Statistics The monetary policy of Meditor is determ.docxmaryi15
 
Megatronics Corporation- a massive retailer of electronic products- is.docx
Megatronics Corporation- a massive retailer of electronic products- is.docxMegatronics Corporation- a massive retailer of electronic products- is.docx
Megatronics Corporation- a massive retailer of electronic products- is.docxmaryi15
 
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docx
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docxMedfin Accounting Company (MAC) specializes in providing accounting an (1).docx
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docxmaryi15
 
Mechanics of solids Mechanics of solidsSolutionMechanics of solids -.docx
Mechanics of solids   Mechanics of solidsSolutionMechanics of solids -.docxMechanics of solids   Mechanics of solidsSolutionMechanics of solids -.docx
Mechanics of solids Mechanics of solidsSolutionMechanics of solids -.docxmaryi15
 
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docx
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docxMedical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docx
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docxmaryi15
 
Measurement of elevation in grassy areas in photogrammetry requires th.docx
Measurement of elevation in grassy areas in photogrammetry requires th.docxMeasurement of elevation in grassy areas in photogrammetry requires th.docx
Measurement of elevation in grassy areas in photogrammetry requires th.docxmaryi15
 
Measurements of the radioactivity of a certain isotope tell you that t.docx
Measurements of the radioactivity of a certain isotope tell you that t.docxMeasurements of the radioactivity of a certain isotope tell you that t.docx
Measurements of the radioactivity of a certain isotope tell you that t.docxmaryi15
 
Measles has become an epidemic here in Orange County- About 1 in 1000.docx
Measles has become an epidemic here in Orange County- About 1 in 1000.docxMeasles has become an epidemic here in Orange County- About 1 in 1000.docx
Measles has become an epidemic here in Orange County- About 1 in 1000.docxmaryi15
 
May someone please help me solve this problem- Thank you very much I h.docx
May someone please help me solve this problem- Thank you very much I h.docxMay someone please help me solve this problem- Thank you very much I h.docx
May someone please help me solve this problem- Thank you very much I h.docxmaryi15
 
MATLAB- In this exercise- we will work with two string related functio.docx
MATLAB- In this exercise- we will work with two string related functio.docxMATLAB- In this exercise- we will work with two string related functio.docx
MATLAB- In this exercise- we will work with two string related functio.docxmaryi15
 
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docx
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docxMC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docx
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docxmaryi15
 
MATLAB- Write a function whose input is a positive integer n- and whos.docx
MATLAB- Write a function whose input is a positive integer n- and whos.docxMATLAB- Write a function whose input is a positive integer n- and whos.docx
MATLAB- Write a function whose input is a positive integer n- and whos.docxmaryi15
 
MBO works by cascading objectives down through the organization- and t.docx
MBO works by cascading objectives down through the organization- and t.docxMBO works by cascading objectives down through the organization- and t.docx
MBO works by cascading objectives down through the organization- and t.docxmaryi15
 
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docx
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docxMatlab functions- 1)sumOddInts will use a for loop to sum all the odd.docx
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docxmaryi15
 
Matlab programming- Write a function in Matlab with interface function.docx
Matlab programming- Write a function in Matlab with interface function.docxMatlab programming- Write a function in Matlab with interface function.docx
Matlab programming- Write a function in Matlab with interface function.docxmaryi15
 
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docx
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docxmatrix norm For all column vectors x of dimension 2 x 1- can we say --.docx
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docxmaryi15
 
Materials purchased on account during the month amounted to $180-000-.docx
Materials purchased on account during the month amounted to $180-000-.docxMaterials purchased on account during the month amounted to $180-000-.docx
Materials purchased on account during the month amounted to $180-000-.docxmaryi15
 
Match the following terms with the correct description below- a- oxida.docx
Match the following terms with the correct description below- a- oxida.docxMatch the following terms with the correct description below- a- oxida.docx
Match the following terms with the correct description below- a- oxida.docxmaryi15
 
Match the letter with each item below to indicate how net income is ad.docx
Match the letter with each item below to indicate how net income is ad.docxMatch the letter with each item below to indicate how net income is ad.docx
Match the letter with each item below to indicate how net income is ad.docxmaryi15
 
Match the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the conting.docxMatch the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the conting.docxmaryi15
 

Mehr von maryi15 (20)

Meditorian Banking Statistics The monetary policy of Meditor is determ.docx
Meditorian Banking Statistics The monetary policy of Meditor is determ.docxMeditorian Banking Statistics The monetary policy of Meditor is determ.docx
Meditorian Banking Statistics The monetary policy of Meditor is determ.docx
 
Megatronics Corporation- a massive retailer of electronic products- is.docx
Megatronics Corporation- a massive retailer of electronic products- is.docxMegatronics Corporation- a massive retailer of electronic products- is.docx
Megatronics Corporation- a massive retailer of electronic products- is.docx
 
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docx
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docxMedfin Accounting Company (MAC) specializes in providing accounting an (1).docx
Medfin Accounting Company (MAC) specializes in providing accounting an (1).docx
 
Mechanics of solids Mechanics of solidsSolutionMechanics of solids -.docx
Mechanics of solids   Mechanics of solidsSolutionMechanics of solids -.docxMechanics of solids   Mechanics of solidsSolutionMechanics of solids -.docx
Mechanics of solids Mechanics of solidsSolutionMechanics of solids -.docx
 
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docx
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docxMedical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docx
Medical xrays- with a wavelength of about 10-10m (Negative 10 is a exp (1).docx
 
Measurement of elevation in grassy areas in photogrammetry requires th.docx
Measurement of elevation in grassy areas in photogrammetry requires th.docxMeasurement of elevation in grassy areas in photogrammetry requires th.docx
Measurement of elevation in grassy areas in photogrammetry requires th.docx
 
Measurements of the radioactivity of a certain isotope tell you that t.docx
Measurements of the radioactivity of a certain isotope tell you that t.docxMeasurements of the radioactivity of a certain isotope tell you that t.docx
Measurements of the radioactivity of a certain isotope tell you that t.docx
 
Measles has become an epidemic here in Orange County- About 1 in 1000.docx
Measles has become an epidemic here in Orange County- About 1 in 1000.docxMeasles has become an epidemic here in Orange County- About 1 in 1000.docx
Measles has become an epidemic here in Orange County- About 1 in 1000.docx
 
May someone please help me solve this problem- Thank you very much I h.docx
May someone please help me solve this problem- Thank you very much I h.docxMay someone please help me solve this problem- Thank you very much I h.docx
May someone please help me solve this problem- Thank you very much I h.docx
 
MATLAB- In this exercise- we will work with two string related functio.docx
MATLAB- In this exercise- we will work with two string related functio.docxMATLAB- In this exercise- we will work with two string related functio.docx
MATLAB- In this exercise- we will work with two string related functio.docx
 
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docx
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docxMC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docx
MC interference and diffraction Due in 3 hours- 37 minutes Evaluate ea.docx
 
MATLAB- Write a function whose input is a positive integer n- and whos.docx
MATLAB- Write a function whose input is a positive integer n- and whos.docxMATLAB- Write a function whose input is a positive integer n- and whos.docx
MATLAB- Write a function whose input is a positive integer n- and whos.docx
 
MBO works by cascading objectives down through the organization- and t.docx
MBO works by cascading objectives down through the organization- and t.docxMBO works by cascading objectives down through the organization- and t.docx
MBO works by cascading objectives down through the organization- and t.docx
 
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docx
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docxMatlab functions- 1)sumOddInts will use a for loop to sum all the odd.docx
Matlab functions- 1)sumOddInts will use a for loop to sum all the odd.docx
 
Matlab programming- Write a function in Matlab with interface function.docx
Matlab programming- Write a function in Matlab with interface function.docxMatlab programming- Write a function in Matlab with interface function.docx
Matlab programming- Write a function in Matlab with interface function.docx
 
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docx
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docxmatrix norm For all column vectors x of dimension 2 x 1- can we say --.docx
matrix norm For all column vectors x of dimension 2 x 1- can we say --.docx
 
Materials purchased on account during the month amounted to $180-000-.docx
Materials purchased on account during the month amounted to $180-000-.docxMaterials purchased on account during the month amounted to $180-000-.docx
Materials purchased on account during the month amounted to $180-000-.docx
 
Match the following terms with the correct description below- a- oxida.docx
Match the following terms with the correct description below- a- oxida.docxMatch the following terms with the correct description below- a- oxida.docx
Match the following terms with the correct description below- a- oxida.docx
 
Match the letter with each item below to indicate how net income is ad.docx
Match the letter with each item below to indicate how net income is ad.docxMatch the letter with each item below to indicate how net income is ad.docx
Match the letter with each item below to indicate how net income is ad.docx
 
Match the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the conting.docxMatch the likelihood of future event with the repotting of the conting.docx
Match the likelihood of future event with the repotting of the conting.docx
 

Kürzlich hochgeladen

The Stolen Bacillus by Herbert George Wells
The Stolen Bacillus by Herbert George WellsThe Stolen Bacillus by Herbert George Wells
The Stolen Bacillus by Herbert George WellsEugene Lysak
 
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptxClinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptxraviapr7
 
CapTechU Doctoral Presentation -March 2024 slides.pptx
CapTechU Doctoral Presentation -March 2024 slides.pptxCapTechU Doctoral Presentation -March 2024 slides.pptx
CapTechU Doctoral Presentation -March 2024 slides.pptxCapitolTechU
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphNetziValdelomar1
 
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdf
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdfMaximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdf
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdfTechSoup
 
5 charts on South Africa as a source country for international student recrui...
5 charts on South Africa as a source country for international student recrui...5 charts on South Africa as a source country for international student recrui...
5 charts on South Africa as a source country for international student recrui...CaraSkikne1
 
CAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxCAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxSaurabhParmar42
 
UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE
 
How to Solve Singleton Error in the Odoo 17
How to Solve Singleton Error in the  Odoo 17How to Solve Singleton Error in the  Odoo 17
How to Solve Singleton Error in the Odoo 17Celine George
 
General views of Histopathology and step
General views of Histopathology and stepGeneral views of Histopathology and step
General views of Histopathology and stepobaje godwin sunday
 
M-2- General Reactions of amino acids.pptx
M-2- General Reactions of amino acids.pptxM-2- General Reactions of amino acids.pptx
M-2- General Reactions of amino acids.pptxDr. Santhosh Kumar. N
 
Prescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxPrescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxraviapr7
 
The Singapore Teaching Practice document
The Singapore Teaching Practice documentThe Singapore Teaching Practice document
The Singapore Teaching Practice documentXsasf Sfdfasd
 
Diploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfDiploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfMohonDas
 
Education and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxEducation and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxraviapr7
 
Quality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICEQuality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICESayali Powar
 
Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...raviapr7
 
How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17Celine George
 
AUDIENCE THEORY -- FANDOM -- JENKINS.pptx
AUDIENCE THEORY -- FANDOM -- JENKINS.pptxAUDIENCE THEORY -- FANDOM -- JENKINS.pptx
AUDIENCE THEORY -- FANDOM -- JENKINS.pptxiammrhaywood
 

Kürzlich hochgeladen (20)

The Stolen Bacillus by Herbert George Wells
The Stolen Bacillus by Herbert George WellsThe Stolen Bacillus by Herbert George Wells
The Stolen Bacillus by Herbert George Wells
 
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptxClinical Pharmacy  Introduction to Clinical Pharmacy, Concept of clinical pptx
Clinical Pharmacy Introduction to Clinical Pharmacy, Concept of clinical pptx
 
CapTechU Doctoral Presentation -March 2024 slides.pptx
CapTechU Doctoral Presentation -March 2024 slides.pptxCapTechU Doctoral Presentation -March 2024 slides.pptx
CapTechU Doctoral Presentation -March 2024 slides.pptx
 
Presentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a ParagraphPresentation on the Basics of Writing. Writing a Paragraph
Presentation on the Basics of Writing. Writing a Paragraph
 
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdf
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdfMaximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdf
Maximizing Impact_ Nonprofit Website Planning, Budgeting, and Design.pdf
 
5 charts on South Africa as a source country for international student recrui...
5 charts on South Africa as a source country for international student recrui...5 charts on South Africa as a source country for international student recrui...
5 charts on South Africa as a source country for international student recrui...
 
CAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptxCAULIFLOWER BREEDING 1 Parmar pptx
CAULIFLOWER BREEDING 1 Parmar pptx
 
UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024UKCGE Parental Leave Discussion March 2024
UKCGE Parental Leave Discussion March 2024
 
How to Solve Singleton Error in the Odoo 17
How to Solve Singleton Error in the  Odoo 17How to Solve Singleton Error in the  Odoo 17
How to Solve Singleton Error in the Odoo 17
 
General views of Histopathology and step
General views of Histopathology and stepGeneral views of Histopathology and step
General views of Histopathology and step
 
M-2- General Reactions of amino acids.pptx
M-2- General Reactions of amino acids.pptxM-2- General Reactions of amino acids.pptx
M-2- General Reactions of amino acids.pptx
 
Prescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptxPrescribed medication order and communication skills.pptx
Prescribed medication order and communication skills.pptx
 
Prelims of Kant get Marx 2.0: a general politics quiz
Prelims of Kant get Marx 2.0: a general politics quizPrelims of Kant get Marx 2.0: a general politics quiz
Prelims of Kant get Marx 2.0: a general politics quiz
 
The Singapore Teaching Practice document
The Singapore Teaching Practice documentThe Singapore Teaching Practice document
The Singapore Teaching Practice document
 
Diploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdfDiploma in Nursing Admission Test Question Solution 2023.pdf
Diploma in Nursing Admission Test Question Solution 2023.pdf
 
Education and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptxEducation and training program in the hospital APR.pptx
Education and training program in the hospital APR.pptx
 
Quality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICEQuality Assurance_GOOD LABORATORY PRACTICE
Quality Assurance_GOOD LABORATORY PRACTICE
 
Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...Patient Counselling. Definition of patient counseling; steps involved in pati...
Patient Counselling. Definition of patient counseling; steps involved in pati...
 
How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17How to Add Existing Field in One2Many Tree View in Odoo 17
How to Add Existing Field in One2Many Tree View in Odoo 17
 
AUDIENCE THEORY -- FANDOM -- JENKINS.pptx
AUDIENCE THEORY -- FANDOM -- JENKINS.pptxAUDIENCE THEORY -- FANDOM -- JENKINS.pptx
AUDIENCE THEORY -- FANDOM -- JENKINS.pptx
 

Matthew borrows $250-000 to invest in bonds- During 2013- his interest.docx

  • 1. Matthew borrows $250,000 to invest in bonds. During 2013, his interest on the loan is $30,000. Matthew's interest income from the bonds is $10,000. This is Matthew's only investment income. A. Calculate Matthew's itemized deduction for investment interest expense for this year? B. Is Matthew entitled to a deduction in future years? Explain your answer. Solution A. Calculate Matthew's itemized deduction for investment interest expense for this year? Deductable amount = $10,000 Income - $30,000 Expenses = -$20,000 Deduction for current year: $13000. You are allowed to deduct the amount of income and up to $3000 of a loss for the year. B. Is Matthew entitled to a deduction in future years? Explain your answer. Yes, $17,000 can be carried forward and offset against future interest income or a loss of $3000.