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melamori03 [73]
3 years ago
8

Katarina and Richard are a busy young couple with a​ son, Caleb, who is 6 and twin​ daughters, Stacy and​ Casey, who are activel

y exploring the world as fourminusyearminusolds. Before the twins were​ born, Katarina and Richard bought their first home with plenty of indoor and outdoor space for a growing young family. The Bajorshiks are concerned about their 2014 tax​ issues, but they are also committed to planning for the future of their family. Next year Richard should be able to pay off the remaining balance of his law school student loans. Contributing to​ Richard's Roth IRA is an annual priority. The following information reflects tax year 2014. Gross income ​ $98,712 Student loan interest ​ $1,965 ​Richard's traditional IRA ​ $1,500 Total itemized deductions​ $12,000 Standard deduction for 2014​ $12,400 Personal exemption amount ​ $3,950 Marginal tax bracket ​ 25% Richard and​ Katarina's filing status should be_____________.
Business
1 answer:
padilas [110]3 years ago
6 0

Answer:

Total income = 98, 712 + 1965+ 1500= 102,177

Now deductions = 12,000 +12,400 +3,950 = 28,350

Now we subtract total income from deductions =102,177 - 28,350 = 73,827.

Marginal tax of 25/100 ×73827 = 18,456.75

Therefore Richard and katarinas filing status is $18,456.75

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Mustard Corporation (a C corporation) owns 15% of the stock of Burgundy Corporation (a C corporation), which pays an annual divi
irina1246 [14]

Answer:

Yes, it will affect it.

Explanation:

The dividends received deduction (DRD) refers to a US federal tax law that allows some corporation that are paid dividend by related entities to deduct  certain percentage of the dividend received from their income tax depending on their percentage of ownership of the related entity that paid the dividend.

The three criteria or tiers that determines how much to deduct as DRD are as follows:

1. Generally, the DRD a corporation is qualified for is 70% of the dividend received.

2. A DRD equals to 80% of the dividend received can be deducted if the corporation holds more than 20% but less than 80% shareholding of the company that paid the dividend.

3. If the corporation holds more than 80% shareholding of the company that paid the dividend, a DRD of 100% of the dividend applies.

Therefore, additional stock purchase will affect the amount of dividends received deduction that Mustard can claim.

4 0
3 years ago
The business earns $700 of consulting revenue. how would these earnings affect the total equity of a business?
son4ous [18]

Answer: An increase in revenue will be an increase in equity.

Explanation:

Consulting Revenue is the total/gross revenue earned by a consulting company in an year. It should exclude the cost of material and sub-contracts.

Suppose we earned consulting revenue of $700. So it will increase the total revenue of the business.

Total equity is gross /total of the investment in the company plus subsequent profit of the company. Along with it we will exclude all subsequent paid out.

Rise in revenue will uplift the net profit. Increase in revenue will result in increase in equity.

To know more about consulting revenue, refer to this link:

brainly.com/question/14811584

6 0
2 years ago
Read 2 more answers
Marlene has decided to save $3,500 so that she can attend the nearby community college. Which step in the decision process shoul
Mice21 [21]
The correct answer is A.) Take action

Have a good day :)
5 0
4 years ago
Read 2 more answers
Fiscal policy is Question 20 options: the money supply policy that the Fed pursues to achieve particular economic goals. the spe
laiz [17]

Answer:

the spending and tax policy that the government pursues to achieve particular macroeconomic goals.

Explanation:

Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.

A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.

Fiscal policy typically includes the spending and tax policy that a government pursues in order to achieve particular macroeconomic goals such as price level, economic growth, Gross Domestic Product (GDP), inflation, unemployment and national income levels with respect to the central bank, demand or supply shocks, government policies, aggregate spending and savings.

According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers.

Generally, an economy will return to its original level of output (production) and price level when the short-run aggregate supply curve falls (decreases) and no changes in monetary and fiscal policies are implemented.

7 0
3 years ago
Cathy has created a website for her shop of homemade chocolates and scented candles. Apart from traditional retailing, she sends
Anastasy [175]

Answer:

C) Multichannel marketing

Explanation:

When a company uses multichannel marketing it means that they are using more than one marketing channel to try to reach potential customers, either directly or indirectly.

In this case, Cathy is using a website, a brick and mortar retail store, emails, and pamphlets.

3 0
3 years ago
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