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dimaraw [331]
3 years ago
6

Jamarcus, a full-time student, earned $3,700 this year from a summer job. He had no other income this year and will have zero fe

deral income tax liability this year. His employer withheld $481 of federal income tax from his summer pay. Is Jamarcus required to file a tax return? Should Jamarcus file a tax return?
A. Jamarcus should compulsorily file a tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer.
B. Jamarcus is required to file an income tax return regardless of income and should file a tax return.
C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.
D. Jamarcus is not required to file a tax return as the refund of $481 previously withheld will be automatically credited to his bank account.
Business
1 answer:
eimsori [14]3 years ago
4 0

Answer:

C. Jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. However, he should file a taxreturn to receive a refund of the $481 previously withheld.

Explanation:

since Jamarcus income is %3700 and is below the gross income threshold for a single taxpayer so he should file a tax return to receive a refund of $481.

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Contribution Margin Income Statement

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-Variable production costs     1,400 x $65 = ($91,000)

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=Contribution Margin                $133,000 - $91,000 - $2,800

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-Fixed production costs          ($13,000)

=Net profit                                = $39,200 - $13,000

                                                 = $26,200

7 0
4 years ago
what+would+you+pay+today+for+a+stock+that+is+expected+to+make+a+$1.50+dividend+in+one+year+if+the+expected+dividend+growth+rate+
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The dividend rate of growth is the annualized share rate of growth that a selected stock's dividend undergoes over an amount of time. several mature firms ask to extend the dividends paid to their investors on a daily basis. Knowing the dividend growth rate may be a key input for stock valuation models identified as dividend discount models.

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What determines which price the company should choose for its running shoes?
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Confronted with the same unit cost data, a monopolistic producer will charge Group of answer choices
dsp73

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a higher price and produce a smaller output than a competitive firm

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A monpolistically competitive firm is a firm that :

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An example of a monpolistically competitive firm is a resturant.

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When a monopolistic and competition firm are faced with the same unit cost, a monopolistic firm would aim to earn profit by increasing its price and reducing the quantity produced.

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A monopolistic firm is able to charge a higher price for its products while a perfect competition isn't.

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