Ask Question
5 July, 04:04

During the current year, Robert pays the following amounts associated with his own residence:

Property taxes $3,000

Mortgage interest 8,000

Repairs 1,200

Utilities 2,700

Replacement of roof 4,000

In addition, Robert paid $1,500 of property taxes on the home that is owned and used by Anne, his daughter. Classify the following expenses for Robert as "Deductible" or "Nondeductible".

(a) Property taxes - Robert Deductible

(b) Property taxes - Anne Nondeductible

(c) Mortgage interest - Deductible

(d) Repairs Nondeductible

(e) Utilities Nondeductible

+2
Answers (1)
  1. 5 July, 04:28
    0
    Answer:Deductibles. Non Deductibles.

    Property tax 4500 Repairs 1200

    Mortgage Int 8000. Utilities 2700

    Explanation:Deductibles are statutory bills and must at all cost be paid while Non Deductibles are self servicing bills and are not compulsory bills. You can choose not to repair your gadget's or automobile but you cannot ignore forfeit paying your taxes and government bills.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “During the current year, Robert pays the following amounts associated with his own residence: Property taxes $3,000 Mortgage interest 8,000 ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers