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
Taya2010 [7]
2 years ago
15

Curtis williams is 69 years old. His wife, mary williams, is 67 years old. Curtis and mary plan to file a joint return. Mary is

legally blind. What is curtis and mary’s standard deduction?
Business
1 answer:
kirill115 [55]2 years ago
3 0

Curtis Williams is 69 years old. His wife, Mary Williams, is 67 years old. Curtis and Mary plan to file a joint return. Mary is legally blind. IRS provides high standard deduction to married couples who have age of 65 or above and blind or one of the partner is legally blind.

IRS states that if filling for joint return is done by married taxpayers in the year 2022 then normal standard deduction is $25,900. In this case Curtis and Mary both are over the age of 65 and Mary is blind too then as per IRS guidelines they will get $1,400 deduction per person for being above 65 plus Mary will get additional $1,400 deduction for being legally blind.

$25,900 + $1,400 + $1,400 + $1,400 = $30,100

Hence, Curtis and Mary's standard deduction is $30,100.

Read more about standard deduction on brainly:-

brainly.com/question/3158031

#SPJ4

You might be interested in
Assume you borrowed $100,000 at a fixed rate of 7 percent for 30 years to purchase a house. If the inflation rate is 3 percent,
nikitadnepr [17]

Answer:

(A) less

Explanation:

Given a positive inflation rate, the real value of the dollar will depreciate by the rate of inflation annually.

Thus, for a house that cost $100,000 today, given a 3% inflation rate, it would cost (100,000 * 1.03 = ) $103,000 after a year.

This means, $100,000 today will have the same value as $103,000 one year later.

Therefore, repayments, which will likely be a fixed sum every year, will have a lower purchasing power as the year progresses.

6 0
2 years ago
What are some certifications that would benefit my career in the financial industry, that I can obtain quickly?
katrin2010 [14]
A business degree !
3 0
2 years ago
Nokia is a cell phone brand that offers digital cameras as part of its cell phone products. It is now in direct competition with
irakobra [83]

Answer:

A. Envelopement

Explanation:

Envelopment is the process whereby an organization or a company moves into another company's market by combining it's own functionality with the other company functionality to create a multi-platform bundle. In this case, Nokia decided to add cameras which are Sony and Canon market to their mobile phones thereby creating a multi-platform bundle in form of a camera mobile phone.

3 0
3 years ago
Park & company was recently formed with a $6,900 investment in the company by stockholders in exchange for common stock. the
yKpoI14uk [10]

<u>Calculation of Total Assets:</u>

Total assets based on the given transactions can be calculated as follows:


Cash Received from Investors $6,900

Add: Amount Borrowed from Local Bank $3,900

Add: Supplies Purchased on account $1,190

Add: Equipment purchased $6,900

Less: Cash Paid for purchase of equipment -$2,190


Total Assets = $16,700


Hence based on the given transactions, the company's total assets are <u>$16,700</u>





7 0
3 years ago
Select all that apply.
katrin [286]
The answer is memos, emails, and research papers.
7 0
2 years ago
Other questions:
  • Within a(n) _____, there is a level of economic integration that involves the use of a common currency, harmonization of members
    8·1 answer
  • Significant data shows that bad physicians are the ones who get sued hcr
    12·1 answer
  • The 2017 balance sheet of Kerber’s Tennis Shop, Inc., showed $2.7 million in long-term debt, $760,000 in the common stock accoun
    5·1 answer
  • Susan O Rourke hired an attorney to represent her in a court case involving an auto accident. The attorney charged O Rourke a $2
    6·1 answer
  • The W. J. Clinton Company issued 750 shares of $1 stated value common stock in exchange for land from the Whitewater Investment
    7·1 answer
  • The given treasury bill was sold in april of this year. find (i) the price of the t-bill, and (ii) the actual interest rate paid
    13·1 answer
  • A techno entrepreneur
    10·1 answer
  • Robert Cassidy wants to deposit the following into his savings account: 28 one-dollar bills, 4 five-dollar bills, 16 quarters, 1
    12·1 answer
  • Sights Unseen, Inc., (SUI) sells telescopes with distinctively designed lenses and mirrors. Later, without SUI’s permission, Tel
    7·1 answer
  • Breakwater Aquatics has a 45 day accounts receivable period. The estimated quarterly sales for this year, starting with the firs
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!