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
zmey [24]
2 years ago
15

Greg earned $25,500 in 2021 and had $1,500 of federal income taxes withheld from his salary. Assuming that Greg is single, 25 ye

ars old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he:
Business
1 answer:
Setler79 [48]2 years ago
7 0

Assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.

<h3>What is total tax liability?</h3>
  • The total amount of tax debt owing by an individual, corporation, or other entity to a taxation authority such as the Internal Revenue Service is referred to as tax liability (IRS).
  • Tax responsibilities include income taxes, sales taxes, and capital gains taxes.
  • Your gross tax liability is equal to your taxable income minus your tax deductions.
  • Your total income tax burden equals your gross tax liability less any tax credits you are qualified for.
  • The key to lowering your tax liability is to reduce the percentage of your gross income that is subject to taxation.
  • Consider raising your retirement savings.
  • Investing pre-tax cash in an employer-sponsored retirement plan, such as a 401(k), is a simple way to lower your taxable income for the year.

Therefore, assuming that Greg is single, 25 years old, and will have a total tax liability of $1,355 (and thus will receive a $145 refund), he: is required to file a tax return.

Know more about total tax liability here:

brainly.com/question/5186741

#SPJ4

You might be interested in
Why do nations often impose trade barriers that make it difficult for their own citizens to trade with people in another country
melisa1 [442]

Answer:

The correct answer is d. Trade restrictions often provide benefits to highly visible special interest groups while imposing a less visible cost on the general populace.

Explanation:

A trade restriction is an artificial restriction to the exchange of goods and / or services between two countries. It is the byproduct of protectionism. However, the term is controversial because what a party can see as a trade restriction can be seen as a way to protect consumers from inferior, harmful or dangerous products. For example, Germany demanded that beer production adhere to its purity law. The law, originally implemented in Bavaria in 1516 and eventually converted into a law for the newly unified Germany in 1871, meant that many foreign beers could not be sold in Germany as "beer." This law was annulled in 1987 by the Court of Justice of the European Union, but remains voluntarily followed by many German breweries.

7 0
3 years ago
Myrtle Flower Company, sends its management trainees to an assessment center. There, the employees are assigned to small groups
soldi70 [24.7K]

Answer:

leaderless group discussion

Explanation:

Based on the scenario being described it can be said that the type of term for this type of development exercise is a leaderless group discussion or LGD for short. This exercise focuses on placing individuals in a group in order to work together on solving specific problems without help from a trained professional or expert in the matters that they are dealing with.

6 0
3 years ago
Which of the following is an example of a successful effort at branding?
ruslelena [56]

The correct answer is B. The word "google" has been added to the dictionary.

Explanation:

Branding implies making the name, symbol, and purpose of a company identifiable for the customers. This means, the customers known the purpose of the company, its products, and they can easily remember the name of it, which is important to make a company stood out over similar companies. Additionally, branding often implies customers associate any element of the company with positive ideas.

Branding can be seen in the case of Google company and the fact the name of the company was added to the dictionary because this shows the name of the company and products of it are identified by thousands of consumers, which shows how effective was the branding strategy of the company to define the identity of the company and convey this idea to customers.

7 0
3 years ago
Is Self-assessment Income tax or Consumer tax?​
nika2105 [10]

Answer:

I think it's a income tax

4 0
3 years ago
You start with 100 units and end with 150 units, what is the percentage increase?
Burka [1]
In order to find out the percentage of increase, first you need to find out the difference between initial units and the ending units, in this case:

150 - 100 = 50 units

After that, you need to do this calculation:

50 units/ 100 units x 100%

= 0.5 x 100 %

= 50% increases
6 0
3 years ago
Other questions:
  • Joe has just moved to a small town with only one golf​ course, the Northlands Golf Club. His inverse demand function is pequals
    6·1 answer
  • The budget components for Park Company for the quarter ended June 30 appear below. Park sells trash cans for $12 each. Budgeted
    5·1 answer
  • Portia Grant is an employee who is paid monthly. For the month of January of the current year, she earned a total of 8,888. The
    11·2 answers
  • Dave facilitated a hiring committee for his advertising company. Six employees (including two managers) met together to discuss
    12·1 answer
  • Which of the follow will happen if you miss a monthly credit card payment? everfy?
    14·1 answer
  • Diversification is an important part of investing because
    13·1 answer
  • Choose the correct definition for employee internet portal: Multiple Choice A web-based application wherein employees can modify
    14·1 answer
  • Patriot Company produces flak jackets for military use. The company recently adopted a standard costing system and set the follo
    12·1 answer
  • Before beginning to prepare for her upcoming presentation, Kay contacts the venue to determine what technology will be available
    11·1 answer
  • The stock of NorthPoint Corporation is currently selling for $10 per share. Earnings per share in
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!