Simplify 3×2 + 9x +6×2 – 1{“version”:”1.1″,”math”:”<math…

Simplify 3×2 + 9x +6×2 – 1{“version”:”1.1″,”math”:”<math xmlns="http://www.w3.org/1998/Math/MathML"><mfrac><mrow><mn>3</mn><msup><mi>x</mi><mn>2</mn></msup><mo> </mo><mo>+</mo><mo> </mo><mn>9</mn><mi>x</mi><mo> </mo><mo>+</mo><mn>6</mn></mrow><mrow><msup><mi>x</mi><mn>2</mn></msup><mo> </mo><mo>-</mo><mo> </mo><mn>1</mn></mrow></mfrac></math>”}

Pete owns a sporting goods store as a sole proprietorship. T…

Pete owns a sporting goods store as a sole proprietorship. This year, he donated baseball equipment (bats, gloves, balls) to the local YMCA to use in their community sports programs. His cost basis in the inventory items was $45,700, and their retail value was $68,200. Which of the following statements about this donation is true? 

Mr. and Mrs. Fowler, both age 60, each make the maximum allo…

Mr. and Mrs. Fowler, both age 60, each make the maximum allowed contribution to their 2020 traditional IRAs. Mr. Fowler is an active participant in his employer’s qualified retirement plan, but Mrs. Fowler is not an active participant in an employer plan. Their AGI before any IRA deduction = $144,900. Compute their AGI.

Pete owns a sporting goods store as a sole proprietorship. T…

Pete owns a sporting goods store as a sole proprietorship. This year, he donated baseball equipment (bats, gloves, balls) to the local YMCA to use in their community sports programs. His cost basis in the inventory items was $45,700, and their retail value was $68,200. Which of the following statements about this donation is true?