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Alborosie
3 years ago
10

Margie is 15 and claimed as a dependent by her parents. she has $800 in dividends income and $1,400 in wages from a part-time jo

b. what is standard deduction
Business
1 answer:
Vinil7 [7]3 years ago
6 0
Under United States tax law, the standard deduction is a dollar quantity that non-itemizers may deduct from their income before income tax is applied. Taxpayers may select either itemized deductions or the standard deduction, either outcomes in the lesser amount of tax payable. The standard deduction is accessible to US citizens and aliens who are occupant for tax purposes and who are individuals, married persons, and heads of household. When filing her own tax return, Margie is limited to the greater of $1,050 or $1,750, it is solved by the sum of the earned income for the year plus $350.So the answer is $1,400 + $350 = $1,750
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Your small remodeling business has two work vehicles. One is a small passenger car used for job-site visits and for other genera
klemol [59]

Answer:

Annual savings= $924

Explanation:

Giving the following information:

The car gets 25 miles per gallon (mpg). The truck gets 10 mpg. You want to improve gas mileage to save money, and you have enough money to upgrade one vehicle. The upgrade cost will be the same for both vehicles. An upgraded car will get 40 mpg; an upgraded truck will get 12.5 mpg. The cost of gasoline is $3.30 per gallon. Calculate the annual fuel savings, in gallons, for the truck and car assuming both vehicles are driven 8,000 miles per year.

Current cost= (8,000/25)*3.30 + (8,000/10)*3.30= $3,696

New cost= (8,000/40)*3.3 + (8,000/12.5)*3.3= $2,772

Annual savings= 3,696 - 2,772= $924

3 0
3 years ago
On January 1, your company issues a 5-year bond with a face value of $10,000 and a stated interest rate of 6%. The market intere
Lapatulllka [165]

Answer:

Debit Interest Expense $440.64, Debit Premium on Bonds Payable $159.36 and Credit Cash $600

Explanation:

Amount paid in cash = $10,000 * 6% = $600

Interest expense = $11,016 * 4% = $440.64

Amortization of premium on bonds payable = Amount paid in cash - Interest expense

Amortization of premium on bonds payable = $600  - $440.64

Amortization of premium on bonds payable = $159.36.

Debit Interest Expense $440.64

Debit Premium on Bonds Payable $159.36

Credit Cash $600

5 0
3 years ago
Companies seeking good PR may host a(n) ________ to communicate new hires, new facilities, or community service projects.
Lynna [10]

Answer:

The correct answer is letter "A": press conference.

Explanation:

Press conferences allow the media to obtain information about different organizations that may be of common interest at the moment. They are also a sign that the company questioned can face the public which enhances the Public Relationships (PR) between that institution and the rest of companies within the industry.

5 0
3 years ago
What is your primary source of investment funds?
ArbitrLikvidat [17]

Answer:

A. Saving or personal income

Explanation:

7 0
2 years ago
Suppose you reside in the Caribbean and purchase exclusive territory rights for a McDonald's franchise. You can construct as man
konstantin123 [22]

Answer:

This is a form of artificial monopoly.

Explanation:

In artificial monopoly a large firm exists with smaller firms in the same market. The large firm does not have a comparative advantage in production efficiency bit still drives the competition out of business.

Large firms use restrictive measures that prevents new form from entering the market. The other type of monopoly is the natural monopoly.

Having exclusive rights to open a MacDonald's in the Carribean where you can construct as many locations as you want is called artificial monopoly. The firm has successfully barred other firms from opening a MacDonald's in the Carribean.

5 0
3 years ago
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