To appraise the value cost of capital (Ke) for Mackenzie Organization, we can utilize the capital asset pricing model (CAPM). The equation for Ke is as per the following:
Ke = Chance free rate + Beta × Market risk premium
Given the data gave:
Sans risk rate = 5.4%
Beta = 1.4
Market risk premium = 5.2%
a. We should ascertain the value cost of capital for Mackenzie:
Ke = 5.4% + 1.4 × 5.2%
Ke = 5.4% + 7.28%
Ke = 12.68%
Thusly, the value cost of capital for Mackenzie is 12.68%.
b. Under the consistent profit development model (CDGM), we want to decide the normal development rate for profits (g) to accomplish a similar value cost of capital as to some degree (a). The recipe for Ke under the CDGM is as per the following:
Ke = (Profit/Cost) + g
Given the profit of $2.00 and the cost of $37, we can adjust the equation to tackle for g:
g = Ke - (Profit/Cost)
g = 12.68% - ($2.00/$37)
g = 12.68% - 5.41%
g = 7.27%
Consequently, under the CDGM, the normal development rate for profits to accomplish a similar value cost of capital is 7.27%.
Learn more about cost of capital, from
brainly.com/question/29489546
#SPJ4
Congress enacted a statute appropriating money to the states on condition that the states use the money to support "public performances of classical ballet open to the public." The statute provided that the money was not to be used to support any other type of dance, and that tickets to any performance paid for with these funds were to be distributed to the public on a first come, first served basis. A state that accepted a grant of $500,000 under the federal statute gave half of the grant to a state-sponsored ballet company. The company had been started 20 years earlier as part of a state effort to bring culture to poor, inner-city areas. By state law enacted when the company was formed, no less than 35% of the tickets to each performance of the ballet company must be distributed to the inner-city school systems to be given to minority school children. Is the state's method of distributing tickets to the state ballet company's performances constitutional?
Answer:
The question does not mention what the remaining 65% are used for. If they are used to support "public performances of classical ballet open to the public," then we cannot conclude that the state's method of distributing tickets to the state ballet company's performances is unconstitutional.
Let us assume that the 65% left from the $500,000 special-purpose grant was used as per statute, then the state's method is constitutional, because the other 35% is still used for purpose, but only to encourage the participation of the vulnerable persons in the state.
If however, the 65%, amounting to $325,000 was used for another purpose, perhaps, to support any other type of dance other than "public performances of classical ballet open to the public," then the state would have obviously breached the law.
Explanation:
The evidence does not point to a conclusive unconstitutional act on the part of the state. Surely, more information is required in order to arrive at a better judgement.
What is a disadvantage of using a checking account instead of other types of
accounts?
A. You will likely not have federal protection for your money.
B. You will pay a fee if you make too many transactions.
C. You will generally not receive interest.
D. You will pay a penalty if you withdraw your money.
Answer:
you will generally not receive interest
Explanation:
took the quiz
assume that smith deposits $150 in currency into her checking account in the xyz bank. later that same day, jones negotiates a loan for $900 at the same bank. in what direction and by what amount has the supply of money changed?
Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What transpires when the money supply rises?
Lower interest rates are often a result of increased money supply, which leads to more investment and more money in consumers' hands, which in turn boosts consumption. In response, companies place larger orders for raw materials and boost output.
How is the money supply regulated?
The RBI uses a variety of methods to control the amount of money in the economy: The central bank uses both quantitative and qualitative tools to manage the money supply. Through adjustments to the CRR, bank rate, or open market functions, quantitative instruments can control the size of the money supply.
To know more about money supply, click here- brainly.com/question/12654446
#SPJ1
Assume that smith deposits $150 in currency into her checking account in the xyz bank. Later that same day, jones negotiates a loan for $900 at the same bank. The money supply increased by $900.
What happens as the money supply expands?
Increased money supply often results in lower interest rates, which encourages more investment and more money in consumers' hands, which in turn increases consumption. As a result, businesses increase their orders for raw materials and increase output.
How is the amount of money controlled?The RBI employs a range of techniques to regulate the amount of money in the economy. The central bank controls the money supply using both quantitative and qualitative instruments. Quantitative instruments have the ability to regulate the amount of money in circulation via changing the CRR, bank rate, or open market operations.
To know more about money supply, click here- brainly.com/question/12654446
#SPJ1
write and explain any five relation between market and entrepreneurship skills
Answer:
A great entrepreneur must be able to effectively communicate, sell, focus, learn, and strategize.
An ability to continuously learn is not just a key entrepreneurial skill, but also a very valuable life skill.
Growing a business requires a sound strategy based on inherent business sense and skills.
two primary misuses of escrow funds are mixing escrow with non-escrow funds, say by depositing them in the same account; and using escrow funds for the wrong purposes. the two abuses are termed?
The two abuses are termed as Commingling and conversion.
Commingling is the act of combining monies, and conversion is the act of putting money to use for something other than what it was designed for. For instance, it would be commingling funds if the landlord put the security deposit money in the same bank account as his rental income.
The act of combining a client's money with the agent's personal wealth is known as commingling. The illegal misuse and use of a client's funds by a licensee is known as conversion. The more serious offense is conversion.
The act of using property or funds that have been entrusted to one for reasons other than those for which they were intended to be used by those who entrusted them is known as conversion in law.
To learn more about conversion from given link
https://brainly.com/question/97386
#SPJ4
Read the following descriptions. Decide who demonstrates good habits and attitudes.
Michael likes his job. He decides to take a few finance classes so that he becomes better at his job. This will also help in case he wants to transfer to a new position in the same company.
Bryan thinks he has the best job. He thinks he is already doing the best he can and doesn't do anything to improve his skills.
Answer:
Michael demonstrates good habits and attitude
Explanation:
Michael likes his job and takes the initiative to do better so he can get a new position,however Bryan is very cocky and doesn't try to get better.
1. With the overwhelming number of media messages that consumers
receive, they find that certain messages attract their attention
and direct them toward the message. These types of messages are
known
With the overwhelming number of media messages that consumers receive, they find that certain messages attract their attention and direct them toward the message. These types of messages are known as the attention-directed messages.
Attention-directed messages are created in such a way that they attract the consumer’s attention. This can be done through the use of bold, bright, and contrasting colors or with catchy slogans or jingles that stick in the consumer’s mind.
Attention-directed messages are used by marketers to capture their target audience’s attention and encourage them to purchase their products or services.The attention-directed message is a form of marketing communication that is designed to attract the attention of consumers.
This type of message is often used to increase the effectiveness of advertising campaigns by making them more memorable and engaging. The use of attention-directed messages can be seen in many different forms of media, including television commercials, print ads, and billboards.
Marketers use attention-directed messages to encourage consumers to remember their products and services and to make a purchase. The goal is to create a strong brand image and to generate positive associations with the product or service being marketed.
In conclusion, attention-directed messages are a key element of effective marketing communication, and their use can help to increase brand awareness, encourage consumer engagement, and ultimately drive sales.
To know more about target audience’s click on below link:
https://brainly.com/question/31192753#
#SPJ11
a firm is operating such that the marginal product of labor is 10 and the marginal product of capital is 20. the firm is minimizing its costs only if:____.
A firm is operating such that the marginal product of labor is 10 and the marginal product of capital is 20. The firm is minimizing its costs only if the wage rate is twice the rental rate of capital.
The firm is minimizing its costs when the ratio of the marginal product of labor to the wage rate is equal to the ratio of the marginal product of capital to the rental rate. This is known as the firm's "optimal input mix." In this case, the firm should hire more capital and less labor to achieve this optimal input mix since the marginal product of capital is greater than that of labor. By doing so, the firm can maximize its output while minimizing its costs.
You can learn more about marginal product of labor at
https://brainly.com/question/15694099
#SPJ11
Aparna mehta proposes a system where products that are returned can be shipped directly to another buyer without going back to the company. What would such a system require?.
The system that will allow products that are returned to be shipped directly to another buyer will requires:
artificial intelligence,major shift in the psychological factors,customer incentives,recognition that online returns are problematic.What is the benefit of this propose system?The proposed system will be beneficial to a Aparna meht because its will reduce spoilage of goods while on return to company warehouse.
It will also reduce transport cost because the good are transported directly to other buyer instead of return to the company warehouse.
Therefore, the Option E is correct.
Missing Options "a Artificial intelligence. b A major shift in the psychological factors that influence consumer behavior. C Customer incentives. d Recognition that online returns are problematic.e. All of the above"
Read more about Proposed system
brainly.com/question/25594630
In you opinion, what is a business?
Answer:
a business is a organazation organized by a single perons or group in order to propfit from the business to grow the business to become susceful. Many Buisness are created everyday for example: Online businesses , You-Tube Channels, Inst-agram Accounts, Sound-Cloud rappers,etc. Some business may be more effecient that others. Business is an organization where people work together. In a business, people work to make and sell products or services. ... A business can earn a profit for the products and services it offers. The word business comes from the word busy, and means doing things. It works on regular basis.
if the net present value of a project under evaluation is estimated to be $30,000, the investment should increase the value of the firm by: a. the present value of the cash inflows.
The investment in the project should increase the value of the firm by the present value of the cash inflows, which is estimated to be $30,000.
The net present value (NPV) of a project represents the difference between the present value of its cash inflows and outflows. In this case, the NPV is estimated to be $30,000. The NPV measures the profitability of the project and determines whether it will add value to the firm.
Since the NPV is positive ($30,000), it means that the present value of the cash inflows is greater than the present value of the cash outflows. This indicates that the investment in the project is expected to generate more cash inflows than the initial investment and associated costs.
Therefore, the investment in the project should increase the value of the firm by the present value of the cash inflows, which in this case is $30,000. This increase in value is a result of the positive NPV, indicating a profitable investment opportunity for the firm.
To learn more about projrct -
brainly.com/question/32243333
#SPJ11
Assessment
71
Companies already on the stock market get to choose the price of their stocks.
True
False
Answer:
false cause people they alr on the stock market
There is a growing movement in the United States led by the progressive wing of the Democratic Party to have the federal minimum wage raised to $15/hr. Some people agree with the $15/hr minimum wage for the United States, while others oppose raising the minimum wage. The arguments against raising the minimum wage range from the government should not dictate salaries to it will cause low wage workers to lose their jobs since businesses cannot afford a $15/hr minimum wage.
Do you agree with a $15/hr federal minimum wage? The current federal minimum wage in the United States is $7.25/hr. Fully explain your position on this issue in 2 - 3 paragraphs.
Source: Surviving an Unlivable Wage l Full Documentary (Financial Literacy)
In my opinion, minimum wage should be increased because an increase in minimum wage would reduce poverty, increase consumer spending, and promote economic growth.
Why Should Minimum Wage be Increased?Minimum wage has not kept pace with inflation, and that the current federal minimum wage of $7.25/hr is not a living wage in most parts of the United States. A $15/hr minimum wage would provide a more realistic living wage for many low-wage workers, but there is disagreement on whether this should be achieved through federal legislation or through individual state action.
Ultimately, whether or not to raise the minimum wage is a complex issue that involves balancing the needs of workers, businesses, and the overall economy. It is important for policymakers to carefully consider the potential impacts of any minimum wage increase and to find ways to support low-wage workers without unduly burdening businesses.
Learn more about minimum wage here: https://brainly.com/question/28331168
#SPJ1
What is a workview reflection?
4. In 2022, Sheryl is claimed as a dependent on her parent’s tax return. Sheryl did not provide more than half her own support. She received $6,800 of interest income from corporate bonds she received several years ago. This was her only source of income. She is 16 years old at year-end. What is Sheryl’s tax liability for the year? 5. In 2022, Nadia has $100,000 of regular taxable income. She itemizes her deductions as follows: real property taxes of $1,500, state income taxes of $2,000, and mortgage interest expense of $10,000 (acquisition indebtedness of $200,000). In addition, she receives tax-exempt interest of $1,000 from a municipal bond (issued in 2006) that was used to fund a new business building for a (formerly) out-of-state employer. Finally, she received a state tax refund of $500 from the prior year. What is Nadia’s AMTI this year if she deducted $15,000 of itemized deductions last year (she did not owe AMT last year)? 6. Steve’s tentative minimum tax (TMT) for 2022 is $242,000. What is his AMT if his regular tax is $230,000?
Steve's AMT for 2022 is $12,000.
4. Sheryl's tax liability for the year is $0. Since Sheryl is claimed as a dependent on her parent's tax return and she did not provide more than half of her own support, she is not eligible to claim her personal exemption or standard deduction. As a result, her taxable income is equal to her interest income of $6,800. However, since this amount falls below the threshold for filing a tax return, which is $12,550 for a single individual in 2022, Sheryl does not owe any taxes. Therefore, her tax liability for the year is $0.
5. Nadia's Alternative Minimum Taxable Income (AMTI) this year is $97,500. To calculate AMTI, we start with Nadia's regular taxable income of $100,000 and add back certain deductions that are not allowed for AMT purposes. These deductions include the state income taxes of $2,000 and the mortgage interest expense of $10,000. However, we do not add back the real property taxes of $1,500 since they are allowed for AMT purposes. Additionally, we do not include the tax-exempt interest of $1,000 and the state tax refund of $500 in the calculation of AMTI. Therefore, Nadia's AMTI this year is $100,000 - $2,000 - $10,000 = $88,000.
6. Steve's Alternative Minimum Tax (AMT) is $12,000. To calculate AMT, we start with Steve's tentative minimum tax (TMT) of $242,000 and subtract his regular tax of $230,000. The difference, which is $12,000 in this case, represents the amount of AMT Steve owes. Therefore, Steve's AMT for 2022 is $12,000.
To know more about liability visit:
https://brainly.com/question/28391469
TSPJ11
4. Sheryl's tax liability for the year is $0 because her interest income from corporate bonds is below the filing threshold for single individuals under 65 years old.
5. Nadia's Alternative Minimum Taxable Income (AMTI) for the year is $101,000. This includes her regular taxable income of $100,000 plus the tax-exempt interest of $1,000 from the municipal bond, as tax-exempt interest is added back for AMT calculations. The state tax refund of $500 is not considered in the AMTI calculation.
6. Steve's Alternative Minimum Tax (AMT) is $242,000, which is equal to his tentative minimum tax (TMT) for the year. Since his regular tax liability is lower than his TMT, he does not owe any AMT.
It's important to note that tax calculations can be complex and depend on various factors, so consulting a tax professional or referring to the specific tax laws and regulations in your jurisdiction is recommended for accurate and personalized advice.
To know more about Individual visit-
brainly.com/question/30089829
#SPJ11
The role of the Federal Reserve Board of Governors is to:
A. loan money to multinational corporations.
B. set discount rates and reserve requirements.
O c. enforce monetary policy on Federal Reserve banks.
O D. establish new Federal Reserve districts.
The role of the Federal Reserve Board of Governors is to enforce monetary policy on Federal Reserve banks. Hence, Option C is correct.
What is monetary policy?In macroeconomics, there is a policy whose duty is to make sure that policies that are made by the Board of Governors have been applied to all the central banks. This policy is known as monetary policy, which manages the flow or supply of money to all the banks.
This policy also manages the interest rate. Just like other policies, monetary policy also has some tools, With the help of these tools, it is easy to manage the policy. Tools are named as operations for the open market, requirements of the reserve, and lastly rate of discount.
Therefore, Option C is correct.
Learn more about monetary policy from here:
https://brainly.com/question/28038989
#SPJ5
A change in the right hand side of a binding constraint may change all of the following except O a. Objective function value o b. Other right hand sides O c. Optimal value of the decision variables O d. Slack values
A change in the right hand side of a binding constraint may change all except objective function value.
A constraint on equality is never legally binding. The Answer Report contains information about shadow prices. A constraint's LHS must be greater than its RHS in order for it to be nonbinding. The size of the viable zone is not affected by changes in an objective function coefficient.
The dual price is the rise in the value of the ideal solution per unit increase in the right-hand side. The range across which the dual pricing is applicable is the range of feasibility. Other constraints will become legally binding as the RHS rises, limiting the change in the value of the objective function. The feasible zone may vary as a result of a change in a constraint's right hand side, which could also alter the best solution.
To learn more about value, click here.
https://brainly.com/question/30145972
#SPJ4
_____ group formed by countries within a geographical region to promote free trade among its members.
The group formed by countries within a geographical region to promote free trade among its members is called a regional trade bloc.
A regional trade bloc is a cooperative arrangement where countries within a specific geographic area form an agreement to reduce or eliminate trade barriers, such as tariffs, quotas, and restrictions, among themselves. The primary goal of a regional trade bloc is to foster economic integration and enhance trade relations among member countries.
Examples of regional trade blocs include the European Union (EU), the North American Free Trade Agreement (NAFTA, now replaced by the United States-Mexico-Canada Agreement - USMCA), the Association of Southeast Asian Nations (ASEAN), and the Mercosur (Southern Common Market) in South America. These trade blocs facilitate trade among member nations, promote investment, and establish common rules and regulations to streamline business activities within the region.
Regional trade blocs aim to create a larger market and enhance economic cooperation among member countries, leading to increased trade opportunities, economic growth, and shared benefits. They can also help address regional challenges and strengthen political ties among participating nations.
learn more about "trade":- https://brainly.com/question/17727564
#SPJ11
Your company is evolving towards a microservice approach for their website. The company plans to expose the website from the same load balancer, linked to different target groups with different URLs, that are similar to these - checkout.mycorp, www.mycorp, mycorp/profile, and mycorp/search. As a Solutions Architect, which Load Balancer type do you recommend to achieve this routing feature with MINIMUM configuration and development effort?
As a Solutions Architect, I would recommend using the Application Load Balancer (ALB) to achieve the routing feature with minimum configuration and development effort in a company evolving towards a microservice approach for their website.
The Application Load Balancer (ALB) can route HTTP/HTTPS traffic to different target groups, and it supports routing to microservices based on path-based routing. ALB allows the definition of rules to route requests based on path patterns. Path patterns are specified in a rule’s conditions and determine the target group to which the load balancer routes requests that match a pattern.
ALB supports routing based on host name and path pattern. The host name is a portion of the domain name in the URL that identifies the server to which to direct the request. Path patterns identify the URI paths in a URL. Each listener can have rules that route requests based on a combination of the host name and path pattern. Rules are evaluated in priority order, and the first rule that matches a request is the rule used to route the request.
With this architecture, we can expose different URL paths to different target groups, making it possible to route traffic to the specific service that handles a specific URL. This approach improves scalability, flexibility, and deployment of microservices, minimizing the configuration and development effort required while increasing overall productivity.
To know more about Application Load Balancer, refer to the link below:
https://brainly.com/question/32801696#
#SPJ11
Which of the following is NOT a useful strategy when making an informed purchase?
1.Compare your option to similar products.
2.Calculate the unit price of the product.
3.Read the online reviews of the product and ask trusted friends who use it.
4.Purchase a product based on a social media influencer.
What was the opening price of Dow Jones Industrial Average on Jul 09, 2018 in the format of XXXXX.XX?
Answer:
According to yahoo finance, the opening price of the Dow Jones Industrial Average on Jul 09, 2018, is 24519.20.
Explanation:
Dow Jones Industrial Average is a stock indicator of the top 30 companies of the US. Other indicators include NASDAQ Composite and S&P 500.
These indicators are used to assess the performance of the market on a subsequent day. From the historical data from the Yahoo Finance, the value for any day could be found which for July 09, 2018 is 24519.20.
advantages of buying an existing business that you don't have with a startup include ________.
A. greater access to venture capital.
b. the opportunity to participate in a national advertising campaign.
c. inventory is in place and trade credit is established. d. easy implementation of innovations and changes from the past policies
Advantages of buying an existing business that you don't have with a startup include inventory that is in place and trade credit that is established (option C).
When purchasing an existing business, you often acquire the existing inventory, which allows you to start operating immediately without having to source and stock products. This can save you both time and money in the initial stages of running the business.
Additionally, an existing business typically has established trade credit relationships with suppliers, which can be crucial in managing cash flow and ensuring smooth operations. This means you can benefit from the credit terms and payment arrangements that the previous owner has negotiated, potentially allowing you to access better discounts and payment terms than a new startup.
In contrast, a startup may face challenges in securing inventory and establishing trade credit. Startups usually have to build their reputation with suppliers, negotiate credit terms, and invest in initial inventory, which can be time-consuming and financially demanding. Therefore, buying an existing business can offer significant advantages in these areas compared to starting a business from scratch. Hence, the correct answer is Option C.
Learn more about trade credit here: https://brainly.com/question/30035911
#SPJ11
When presenting a persuasive speech, one speech goal is to ask the audience members to perform a certain action, also know as performing a specific_________. Group of answer choices belief value behavior none of the above No answer text provided.
Answer:
behavior.
Explanation:
A persuasive speech is one in which the speaker addressing the audience or giving speech to the audience tries to impress or persuade the audience by his speech and convince the listeners through his presentation and speeches.
It is a process of changing people belief, action or reinforcing them. While giving a persuasive speech, one main goal of the speaker is to ask the audience to perform a certain action. It is also known as performing a specific behavior.
Providing incentives for customers to learn more about your service is known as
A. branding
(B. advertising Not the answer)
C. permission marketing.
D. search engine optimization.
(100 POINTS)How much money will i make my first week from dropshipping
2. Which option is not studied in macroeconomics?
(A) The consequences of a higher interest rate
(B)The effects of a lower exchange rate
(C)The impacts of price changes in the market for smartphones
(D)The impacts of progressive taxation
Answer:
C)The impacts of price changes in the market for smartphones
Explanation:
Macroeconomics is concerned with the decisions, performance, and behavior of the entire economy. It studies how a country allocates and distributes limited resources to different sectors of the economy. Macroeconomics analyses key economic indicators of unemployment, inflation, incomes, and the GDP growth rate.
The Government uses data from macroeconomic to formulate national economic strategies. Price changes in the market for smartphones affect one sector but not the entire economy. Microeconomics is the branch that deals with decisions affecting single markets.
A sailboat costs $26,369. You pay 10% down and amortize the rest with equal monthly payments over a 13-year period. If you must pay 8.4% compounded monthly, what is your monthly payment? How much interest will you pay ?
To find the monthly payment and the total interest paid, we can use the loan amortization formula.
Loan amount = $26,369 - (10% * $26,369) = $26,369 - $2,636.90 = $23,732.10 (amount to be amortized)
Number of periods = 13 years * 12 months/year = 156 months
Monthly interest rate = 8.4% / 12 = 0.7%
Monthly payment = Loan amount * (Monthly interest rate / (1 - (1 + Monthly interest rate)^(-Number of periods)))
Plugging in the values:
Monthly payment = $23,732.10 * (0.7% / (1 - (1 + 0.7%)^(-156)))
Evaluating this equation, we find that the monthly payment is approximately $244.53.
To calculate the total interest paid, we can subtract the loan amount from the total of all monthly payments:
Total interest paid = (Monthly payment * Number of periods) - Loan amount
Total interest paid = ($244.53 * 156) - $23,732.10
Evaluating this equation, we find that the total interest paid is approximately $11,769.70.
Therefore:
Monthly payment = $244.53
Total interest paid = $11,769.70
Please note that these calculations assume consistent and timely payments throughout the entire loan period.
To know more about loan visit-
brainly.com/question/31198163
#SPJ11
HELP
Question
Q. To properly manage your checking account you should do which of the following?
A.Update your transaction register regularly to include all checks, ATM withdrawals, and debit card purchases.
B.Balance your checkbook daily using the most current information about your account by phone, ATM, or online.
C.Promptly review your checking account statement every month.
D.All of the above
in the book Romeo and juliet what is Juliet's dads name
Answer:
Lord Fulgencio Capulet
Explanation:
a taxpayer had agi of $60,000 in year 1. during the same year, the taxpayer incurred $10,000 in qualifying unreimbursed medical expenses, all which were charged to a credit card. the taxpayer paid off $7,000 of the credit card charges by december 31 of year 1. what amount may the taxpayer deduct as an itemized deduction for medical expenses?
The amount that the taxpayer may deduct as an itemized deduction for medical expenses in year 1 is $0, because they paid off more than their deductible amount.
To determine the deductible amount, the taxpayer must first calculate their medical expense deduction threshold. This threshold is based on the taxpayer's AGI and is equal to 7.5% of their AGI. In this case, 7.5% of $60,000 is $4,500.
Next, the taxpayer must subtract their threshold from their total qualifying medical expenses. In this case, the taxpayer had $10,000 in qualifying medical expenses, so they would subtract the $4,500 threshold from that amount, leaving them with $5,500.
However, the taxpayer only paid off $7,000 of the credit card charges by December 31 of year 1. This means that they can only deduct the amount of medical expenses that they actually paid during the tax year. So, in this case, the taxpayer can only deduct $5,500 - the amount they paid off by December 31 - which is
=> $5,500 - $7,000 = $0.
Since the taxpayer paid off more than their deductible amount, they cannot claim a medical expense deduction on their tax return for year 1.
To know more about taxpayer here
https://brainly.com/question/9373731
#SPJ4