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
Nieland Industries has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process—Fabrica
irina [24]

Answer:

Explanation:

1 Dr Raw Materials Inventory 40,000  

           Cr Accounts Payable  40,000

2     Dr Factory Labor 65,000  

            Cr Wages Payable  65,000

3 Dr Manufacturing Overhead 35,000  

       Dr Accounts Payable  5,000

             Cr Cash  30,000

4 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 8,000  

           Dr  Raw Materials Inventory  18,000

5 Dr Work in Process—Fabricating 13,000  

       Dr Work in Process—Finishing 52,000  

           Cr Factory Labor  65,000

6 Dr Work in Process—Fabricating 10,000  

       Dr Work in Process—Finishing 20,000  

           Cr Manufacturing Overhead  30,000

5 0
3 years ago
Toyota's just- in- time system is an example of using transfer pricing to avoid price controls. backward (upstream) integration.
wel

Answer:

quasi vertical integration

Explanation:

Quasi vertical integration is the vertical integration in which there is ownership by one firm i.e. downstream that closed to point where consumption ends or the upstream where the specialized tool and equipment are used

Also the firm that controls has a strong position but it is less as compared with the real vertical integration

Therefore according to the given situation, the second option is correct

4 0
3 years ago
The multiplier is useful in determining the full-employment unemployment rate level of business inventories change in the rate o
sasho [114]

Answer:

The multiplier is useful in determining the change in GDP resulting from a change in spending

Explanation:

A change in autonomous spending will lead to a much larger final change in real GDP because of the multiplier effect. That spending will have a much larger final impact on real GDP.

7 0
3 years ago
If you can borrow funds from a finance company at 12 percent compounded weekly​, the EAR for the loan is nothing​%. ​ (Round to
arlik [135]

Answer:

If compounded weekly =

No of weeks in a year=52

N= 52

EAR= (1+I/N)^N -1

=(1+0.12/52)^52 -1

=0.127=12.7% EAR

If compounded semiannually

N= 2

EAR= (1+0.13/2)^2 -1

=13.42%

It is better to borrow at 12% compounded weekly as the EAR is lower than 13% compounded semi annually.

Explanation:

4 0
3 years ago
Human resources is about trying to
Oliga [24]

Answer:

I think b is that the answer

4 0
3 years ago
Other questions:
  • Using an accommodation strategy to resolve a conflict can:(A) force people to work toward achieving their goals at all costs, ev
    7·1 answer
  • Investors require a return of 13 percent on the stock for the first three years, a return of 11 percent for the next three years
    14·1 answer
  • The demand for loanable funds will increase if (2 points)
    7·1 answer
  • Where does the wave erosion occur and where
    14·1 answer
  • What is the difference between paper currency and coins?​
    9·2 answers
  • McLaughlin borrowed her roommate's car just to take her mother to the hospital. While delivering her mother at the hospital, McL
    7·1 answer
  • By examining the __________ of Southwest Airlines, one can identify the strategic themes around which it has developed its busin
    13·1 answer
  • The builder of a new arena is sued after a section of the roof collapses during a football game, injuring hundreds of people and
    14·1 answer
  • PLZ help Will give BrainIIest!!!!
    12·2 answers
  • Journalizing Transactions Monroe Company rents and sells electronic equipment. During September, Monroe engaged in the transacti
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!