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hichkok12 [17]
4 years ago
15

abbie is an unmarried individual who earned a gross income of $74827 last year. she make $3839.31 in ira contributions, donated

$4219 to her favorite charities and paid $1789.34 in mortgage interest. a standard deduction is $5700 for an unmarried individual. if Abbies exemption is $3650, what is her taxable income? PLEASE HELP
Business
1 answer:
musickatia [10]4 years ago
8 0
42,750 = gross income standard deduction reduces your taxable income - 5700.00 exemption acts like a tax deduction, reducing taxable income - 3650.00 IRA contributions are tax deductible - 537.56 donating to charity is tax deductible - 918 mortgage interest payments are tax deductible - 1351.35 income NOT taxable - 5700 + 3650 + 537.56 + 918 + 1351.35 = 12,156.91. 42,750.00 - 12,156.91 = 30,593.09 <---taxable income I think I did this correctly, but just in case, you might want to get a second opinion :)
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TB MC Qu. 10-144 (Algo) Doogan Corporation makes a product ... Doogan Corporation makes a product with the following standard co
LiRa [457]

Answer:

Material quantity variance = $9,380 adverse

Explanation:

<em>A material usage variance occurs when the standard quantity required to active a particular level of production is higher or lower than than the actual actual quantity used. A favorable variance would mean than less quantity of materials were used than the standard to achieve a given output level. And an adverse variance would mean the opposite</em>

We can calculate it as follows:

                                                                                         grams

4,400 units should have used (4,400× 2 grams)            8,800

but did use                                                                   <u>    10,140</u>

<u> </u>                                                                                    1,340 adverse

standard price per g                                                ×<u> $7______</u>

Material quantity variance                                    <u>       $ 9,380 adverse</u>

Material quantity variance = $9,380 Adverse

3 0
3 years ago
If you deposited​ $100 now ​(nequals​0)and​ $200 two years from now ​(nequals​2)in a savings account that pays​ 10% annual​ inte
Natali5045456 [20]

Answer:

The correct answer is: "You would have $589 the end of year 10".

Explanation:

The logics of the statement remains in the amount of money remained after 10 years of savings with a 10% annual interest. This means that, after you deposit $100 now (nº 0), on the first current year you would have ended up with $110, although in the second year (nº 2) you would have made a deposit of $200, which means you would have made total earnings of $310, plus the annual interest of $31. After the second year, all subsequent ones wound count on with an annual interest of $31, which means that at end of year 10 you would have reached the amount of $589.

(ps: mark as brainliest, please?!)

7 0
4 years ago
Televisa, a Mexican media company, became the world's most prolific producer of Spanish-language soap operas owing to its expert
Archy [21]

Transfer company expertise to cross border markets and initiate actions to contend on an international level

Explanation:

There are different strategy in which the company employ to produce the major products many initiative will be taken by the company to produce a foreign market and to gain the viable strength

The Televisa company began to upgrade it's technology and the capabilities and they started to produce more in the foreign markets and then to gain the experience and build themselves strong in the foreign markets

3 0
3 years ago
On December 31, Strike Company sold one of its batting cages for $20,000. The equipment had an initial cost of $310,000 and had
KonstantinChe [14]

Answer:

d.loss of $30,000

Explanation:

The initial cost of the cage: $310,000.00

Selling price: $ 20,000.00

Depreciation recorded: $260,000.00

calculating book value: (initial cost-Depreciation)

=$310,000-$260,000

Book value =$50,000.00

Profit or loss=selling price- book value.

=$20,000.00- $50,000.00

=($30,000.00)

loss of $ 30,000.00

8 0
3 years ago
​Simmons, Inc. uses the​ lower-of-cost-or-market method to value its inventory that is accounted for using the LIFO method. Data
MA_775_DIABLO [31]

Answer:

The lower- of- market- or cost for the item is $21

Explanation:

In the lower of cost or market, the market begins at the replacement cost which is $20, which is then limited or restricted to a ceiling and a floor.

The ceiling is computed as:

Ceiling = Selling price - Completion cost

where

selling price is $30

Completion cost is $2

Putting the values above:

Ceiling = $30 - $2

Ceiling = $28

Computing the floor as:

Floor = Ceiling - Normal profit margin

Floor = $28 - $7

Floor = $21

As the market cannot be lower than the floor which is $21. Therefore, the lower of cost which is $26 and the market which is $21. But have to take lower. So, it is $21.

6 0
4 years ago
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