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julsineya [31]
3 years ago
6

Your friend fills out their first tax form and is confused between adjusted and gross income. How can you explain the difference

to your friend so that they can understand the difference? Give an example on why your friend’s income may be adjusted.
Business
1 answer:
Illusion [34]3 years ago
8 0
<span>Annual gross income is the amount of money you make BEFORE taxes. Your adjusted gross income is how much money you make before taxes, MINUS anything you can deduct. You can deduct many things, like student loan interest payments and alimony. So, you would have an adjustment if you paid for student loans this year. If your gross income (not adjusted) is $20,000 and you paid $1000 on student loan interest, your adjusted gross income is $19000. The IRS will then see your income as only $19000 instead of $20,000 and will tax you on that lower amount.</span>
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from accessibility improvement to land development: a comparative study on the impacts of madrid-seville high-speed rail.
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The five cities connected by the Madrid-Seville High-Speed Rail (HSR)—Madrid, Ciudad Real, Puertollano, Cordoba, and Seville—that have changed their land cover are the subject of this study. Between 1991 and 2006, there was an analysis. According to the report, the two largest cities in the Madrid-Seville region—Madrid and Seville—receive the majority of the benefits from land development, although smaller HSR-served cities also gain from this. Each city has its own unique land development process.

Madrid–Seville high-speed rail line.
The 472 kilometres (293 miles) long Madrid-Seville high-speed line, also known as NAFA or Nuevo Acceso Ferroviario a Andaluca, is a Spanish railway line used for high-speed travel between Madrid and Seville. Since April 21, 1992, the first high-speed rail link in Spain has been operational, reaching speeds of up to 300 km/h (186 mph). Over half less time was required to go between the two end points.

The high-speed rail line from Madrid to Malaga departs at Cordoba. Only the Alvia service is extended from Seville to Cádiz.

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A corporation is incorporated in only one state regardless of the number of states in which it operates.
k0ka [10]

Answer:

(A) True

Explanation:

A corporation just requires a basic incorporation state, through which the legal identity of its incorporation is created. After that it does not require to incorporate in all the states where the business is being conducted.

As per the law, there shall be at-least a different legal identity then that of the individual to conduct such business. Law does not demand separate incorporation.

Thus, the above statement is

True.

5 0
3 years ago
Suppose the U.S.​ dollar-euro exchange rate is 1.11.1 dollars per​ euro, and the U.S.​ dollar-Mexican peso rate is 0.10.1 dollar
d1i1m1o1n [39]

Answer:

Explanation:

According to the given data we have the following:

1 euro=1.11 dollars

1 peso=0.10 dollars

Hence, 11.10 peso=1.11 dollares

So, 1 euro=11.10 peso

Therefore, 1/11.10 euro=1 peso

0.09009 euro=1 peso

The​ euro-peso rate is 0.09009 euro=1 peso

3 0
3 years ago
The effective tax rate is Equal to the taxes paid divided by taxable income. The percentage of tax payable on the last dollar of
KIM [24]

Answer:

The correct answer is: Equal to the taxes paid divided by taxable income.

Explanation:

The effective tax rate is the ratio of the total tax burden of an individual and their taxable income. It is considered as a better representative of the tax burden of an individual than the marginal tax rate.  

It shows the average rate at which an individual's income and assets are taxed. The effective tax rate of an individual is lower than the marginal tax rate.  

To calculate the effective tax rate, the individuals can add their total tax burden and divide the sum by their taxable income. It represents the percentage of taxable income that an individual has to pay as taxes.  

5 0
3 years ago
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