Wich type of financial institutions typically has a membership requirement ?

Diego, age 28, married Dolores, age 27, in 2017. Their salaries for the year amounted to $88,750 and they had interest income of

viva [34]

Answer and Explanation:

a. What is the amount of their adjusted gross income?

Adjusted Gross Income ( AGI ) = $88,750 + $2,660 - $5,170

= $86,240

Adjusted Gross Income ( AGI ) = $86,240

b. In order to minimize taxable income, Diego and Dolores will in the amount of

From the above box, Here Diego, Dolores both are married so, Standard Deduction in 2017 is $12,700

In order to minimize taxable income, Diego and Dolores will in the amount of $12,700

c. What is the amount of their taxable income?

Taxable income = AGI - Standard deduction - exemptions

= $86,240 - 12,700 - [ 2 * $4,050 ]

= 73,540 - 8,100

= $65,440

Taxable income = $65,440

d. What is their tax liability for 2017?

from Tax bracket for married filling jointly in 2017 table.

Tax liability = [ 18,650 * 10% ] + [ 15% [ 65,440 - 18,650 ] ]

= 1,865 + [ 15% * 46,790 ]

= 1,865 + 7,018.5

= $8,883.5

Tax liability = $8,883.5

4 0

3 years ago

which career field is likely to experience growth in salary in the next few years below the annual median? education, hospitalit

ryzh [129]

The government is the career field that is likely to experience growth in salary in the next few years below the annual median.

<h3>What is a government?</h3>

This refers to the system of governing an organized community, generally a state. In the case of its broad associative, the government normally consists of legislature, executive, and judiciary.

The other terms for government are executive, regime, authority, powers that be, directorate, council, leadership, management. cabinet, ministry. rule, term of office, incumbency.

Hence, the government is the career field that is likely to experience growth in salary in the next few years below the annual median.

Therefore, the Option C is correct.

Read more about government career

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3 0

1 year ago

Which sentence makes a logical comparison? bob's stocks are worth more than leslie's. bob's stocks are worth more than leslie. l

Naddika [18.5K]

The first one!
Bob's stocks are worth more than leslie's.

3 0

3 years ago

Read 2 more answers

Sanders, Inc., paid a $4 dividend per share last year and is expected to continue to pay out 60% of its earnings as dividends fo

maks197457 [2]

Answer:

The price of the stock today is $42.94

Explanation:

The price of a stock whose dividends are expected to grow at a constant rate is calculated using the constant growth model of Dividend Discount model approach. It bases the price of the stock on the present value of the expected future dividends. The price today under this model is calculated as follows,

P0 = D0 * (1+g) / r - g

Where,

D0 * (1+g) is the D1 or the dividend for the next year
r is the required rate of return
g is the growth rate in dividends

P0 = 4 * (1+0.052) / (0.15 - 0.052)

P0 = $42.938 rounded off to $42.94

6 0

3 years ago

Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the d

Sunny_sXe [5.5K]

Answer:

Equity Theory.

Explanation:

As Peter offers his manager some suggestions for a new holiday display. His manager shrugs his shoulders and tells Peter that the display is all set. Then Sarah approaches the manager with an idea for the display, and the manager tells her that it’s a great idea. Equity theory is the model of motivation that explains how Peter is striving for fairness and justice. Equity theory explains that employees should be treated equally and fairly in order to keep them motivated at the workplace. If employees started feeling that they not being treated fairly then they will dissatisfied and demotivated at the workplace which will definitely reduces their work productivity. Human beings are motivated when they are treated fairly and equally.

6 0

3 years ago