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3 years ago

What is the total federal income tax withholding reported on the Matthews’ Form 1040?

Business

1 answer:

krek1111 [17]3 years ago

4 0

Answer:

correct answer is d . $6,778

Explanation:

we get here total federal income tax that will be

as we know that

federal income tax withholding barbara = $2784

federal income tax withholding mark =$2253

form SSA 1099 = $1721

and form 1099 interest income = $20

we get total federal income tax that is sum of all four

total federal income tax = $2784 + $2253 + $1721 + $20

total federal income tax = $6,778

so correct answer is d . $6,778

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3 years ago

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2 years ago

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On January 1, 2019, Woodstock, Inc. purchased a machine costing $40,000. Woodstock also paid $1,000 for transportation and insta

irinina [24]

Answer:

annual depreciation expense = $6000

so correct option is d. $6,000

Explanation:

given data

machine costing = $40,000

transportation and installation = $1,000

useful life = 6 years

residual value = $5,000

to find out

How much is the annual depreciation expense

solution

we get here first Cost of machine that is

Cost = $40,000 + $1000

cost = $41000

so depreciable base will be here

Depreciable base = cost - residual value

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so annual depreciation expense is

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