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hichkok12 [17]
3 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]3 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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What is the difference between having a co-signer and becoming an authorized user?
prohojiy [21]

Answer:

The correct answer is letter "D": As a co-signer, you open an account and an adult signs on with you; as an authorized user, you are added to someone’s existing account

Explanation:

Co-signers are individuals that could help others to open a credit card account in case that person does not meet specific credit history requirements but the credit card issuer. Co-signers must be 21 years old. Authorized users are added to the account to request information, change it, or make payments.

8 0
3 years ago
Read 2 more answers
Initially, suppose Bellissima uses 1 million hours of labor to produce rye and 3 million hours to produce jeans, while Dolorium
vodka [1.7K]

Answer:

Bellisima's opportunity cost:  

Production of rye per million hours of labor = 24 / 12 = 2 pairs of jeans

Production of jeans per million hours of labor = 12 / 24 = 0.5 bushels of rye

Dolorium's opportunity cost:  

Production of rye per million hours of labor = 32 / 8 = 4 pairs of jeans

Production of jeans per million hours of labor = 8 / 32 = 0.25 bushels of rye

Dolorium has a comparative advantage in the production of jeans while Bellisima has a comparative advantage in the production of rye.

If both countries specialize:

Bellisima will produce 48 million bushels of rye.

Dolorium will produce 128 million pairs of jeans.

Total production of rye has increased by 12 million bushels.

Total production of jeans has increased by 24 million pairs.

4 0
3 years ago
In the nervous system neurotransmitters such as acetylcholine are released at synapses between nerve cells. When the neurotransm
loris [4]

Answer:

Neuronal Signal Propagation

Explanation:

Signal propagation is the movement of signals between neurons. The process of sending these signals takes place in two steps: along the cell ( action potential) and between cells (neurotransmitters).

5 0
3 years ago
Ban Co purchased 50, 5% Waylan Company bonds on January 1, 2016 for $50,500 cash Interest is payable annually on January 1 the J
I am Lyosha [343]

Answer:

a. debit to Interest Revenue for $2,500

Explanation:

Based on the information given we were told that Ban Company made a purchased of 50, 5% Waylan Company bonds for the amount of $50,500 which is a cash Interest that is payable annually which means that the annual interest payment would include a: DEBIT to Interest Revenue for $2,500 calculated as :

Interest Revenue=[(50 x $1,000)×5%]

Interest Revenue=$50,000×0.05

Interest Revenue =$2,500

5 0
3 years ago
The long-run industry supply curve is the graphic representation of the quantity of output that the industry is prepared to a. s
Arisa [49]

Answer: d. supply at different prices after the entry and exit of firms is completed.

Explanation:

The industry supply curve simply shows the relationship that exist between the price at which a good is sold and the industry's total output.

The long-run industry supply curve simply refers to the graphic representation of the quantity of output that the industry is prepared to supply at different prices after the entry and exit of firms has been completed.

At the long-run industry supply curve, it depicts the locus of price and the output produced in that industry as each firm aims to maximize profit.

6 0
2 years ago
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