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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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e-lub [12.9K]

The museum will earn $600 on a weekday.

<h3>What is an art museum?</h3>
  • A structure or area designated for the exhibition of art, typically from the museum's own collection, is known as an art museum or gallery.
  • It may be owned by the government or a private individual, and access may be open to everyone or subject to limitations.
<h3>Who are executives?</h3>
  • An executive manages operational activities for their company or organization and is typically in charge of developing policies and strategies to achieve organizational objectives.
  • Executives frequently travel to conferences, meetings, and local, regional, national, and worldwide offices.
<h3>Solution -</h3>

Adults willing to pay = 100 and their fees = $12.

Students are willing to pay = 200 and their fees = $8.

Operating cost of museum = $2,200.

To find the profit, do the following:

(100 * 12) + (200 * 8) = 1200 + 1600 = 2800\\2800 - 2200 = 600

Therefore, the museum will earn $600 on a weekday.

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2 years ago
The activities needed to operate a business can be divided into a number of
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The activities needed to operate a business can be divided into a number of three types of activities. These are operating, investing, and financing activities.

<h3>What are business activities?</h3>

Business activities can be defined as kinds of activities firms conduct for achieving their purpose. It helps in generating revenues and ensuring business continuity.

The major three types of activities are operating, investing, and financing activities. Operating activities support the entity's primary purpose. Financing deals with collecting funds for financial strength and growth. Investing activities are when a business invests in long-term assets.

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Mark, a senior editor at Logi Corp, is in charge of editing the articles written by Bruno, a newly hired employee. He notices ma
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Answer:

A) He should include specific, verifiable facts.

Explanation:

Mark is a senior editor and is editing work written by Bruno.

He will want to provide an objective feedback to Bruno on his work that will not discourage him from doing his best. But also effectively state all the errors in the work that needs correction.

The best way to do this will be by including specific verifiable facts.

This will give a neutral response and maintain a good work environment.

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What were the economic changes that revolutionized manufacturing in the eighteenth century and led to the factory system?
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Answer:

The industrial revolution affected the whole global economy, social relations, and culture.

The industrial revolution changed how goods were manufactured, and it all started with the European accumulation of capital and the invention of the steam engine.

The two major sources of energy were coal and oil that were used to power steam engines that moved machinery using water steam. That led to work specialization and urbanization (people moving into large urban areas).

The industrial revolution first started in northwestern Europe, but it then spread to the US, Russia and Japan. The global economy developed new patterns of global trade and production between nations that produced resources and those that processed them and produced goods.

Exporting economies grew around the world because of the need for exporting both raw materials and food supplies from resource producing nations, and the need for exporting finished goods form industrialized nations.

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Answer: $250,000

Explanation:

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