1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Olenka [21]
3 years ago
14

Jack and Jill are married and have no dependent children. They are both over 65 and Jill is blind. Their gross income is $45,000

and they have $13,000 in itemized deductions. Their taxable income is___________.
Business
1 answer:
yan [13]3 years ago
8 0

Answer:

They are exempt from paying tax

Explanation:

Taxable income is the amount of an individual's gross income that the government deems subject to taxes.

However, because they are aged (above 65), and their taxable income -which should be $32000 after deductions - is less than the percentage tax relief,they are exempted from paying tax for that particular year.

You might be interested in
Which are objects that fulfill the needs and wants of consumers?
Lostsunrise [7]
The objects that fulfill the needs and wants of consumers are products.
7 0
3 years ago
When the president issues a rule or regulation that reorganizes or otherwise directs the affairs of the executive branch?
oksano4ka [1.4K]
What you described is called an executive order. The president can do this whenever he wants and if it's unconstitutional then the congress and the judiciary system, more specific the Supreme Court, can overthrow this and ban the executive order because it's considered to be unconstitutional or harmful. The president can use this for almost anything.
4 0
3 years ago
Read 2 more answers
The indirect method for the preparation of the operating activities section of the statement of cash flows: Group of answer choi
weqwewe [10]

Answer:

Reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Explanation:

FASB is an acronym for Financial Accounting Standards Board. The financial accounting standards board (FASB) is a private, non-profit organization saddled with the responsibility of establishing and maintaining standard financial accounting and reporting for general guidance of individuals such as investors, issuers and auditors. It was founded in 1972 but began operations fully on the 1st of July, 1973 by replacing the Accounting Principles Board (APB) and American Institute of Certified Public Accountants (AICPA).

When the operating activities section of the statement of cash flows is reported using the indirect method, the FASB requires that, you report net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Hence, the indirect method for the preparation of the operating activities section of the statement of cash flows reports net income and then adjusts it for items necessary to determine net cash provided or used by operating activities.

Some examples of operating activities are cash revenue from the sales of a product, cash paid as an expense for merchandise etc.

3 0
3 years ago
Bailee works approximately 60 hours each week as an account executive with an advertising agency and rarely has time to shop. Sh
Papessa [141]

Answer:

Correct option is (a)

Explanation:

Convenience is one the most important benefit offered by online shopping websites. Not every fashion store offers services round the clock. The biggest advantage of online shopping is that it is one stop destination to purchase all types of products. It offers anytime anywhere shopping experience with no extra efforts in terms of time and waiting in queues. Products are delivered to the customer's doorsteps.

Bailee works 60 hours a week and has no time for going out for shopping. She loves the convenience of shopping online as she can shop sitting at home even at midnight and the product is delivered to her within 24 hours.

6 0
3 years ago
Consider a corrupt provincial government in which each housing inspector examines two newly built structures each week. All the
patriot [66]

Answer:

$104,000

Explanation:

The computation is  shown below:

= Bribe cost per each housing inspector × number of weeks in a year × number of newly built structures each week

= $1,000 × 52 weeks × 2

= $104,000

We simply multiply the three components i.e Bribe cost per each housing inspector, number of weeks in a year, and the number of newly built structures each week so that the accurate value can come.

4 0
3 years ago
Other questions:
  • Mars inc., a manufacturer of cat food in texas, places an ad in a publication aimed at veterinarians. the ad explains why they s
    9·1 answer
  • Jenny, owner of an ice cream parlor, has been experimenting with different flavors to create a new exotic ice cream for her cust
    8·1 answer
  • If a person wants to start a business but limit the amount of liability he is responsible for, a _____________ would be most app
    11·1 answer
  • AgCo sells corn in a perfectly competitive market. Say the current market price for a bushel of corn is $4.00. If AgCo prices at
    5·1 answer
  • Most Americans avoid the use of credit when it comes to buying big ticket items like a car or furniture for their home
    9·1 answer
  • In January 2021, Vega Corporation purchased a patent at a cost of $200,000. Legal and filing fees of $50,000 were paid to acquir
    12·1 answer
  • For each scenario, calculate the cross-price elasticity between the two goods and identify how the goods are related. Please use
    12·1 answer
  • The annual interest rate on a credit card is 17.99%. If a payment of $200.00 is
    7·1 answer
  • Although monetary policy cannot reduce the natural rate of unemployment, other types of government policies can. a. True b. Fals
    12·1 answer
  • In what type of market transaction does the issuing corporation receive cash proceeds?​​​​
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!