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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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Explanation:

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A company with a high ratio of fixed costs:
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The correct answer is: more likely to experience a loss when sales are down than a company with mostly variable costs.

Explanation:

The fixed cost ratio is a simple ratio that divides fixed costs by net sales.

The profit formula is:

Profit = Sales- Total cost =(Price * Q)-(FC + VC*Q)

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VC= variable cos t

Q=produce quantity

If sales go down,  we have to pay this fixed cost even if we have no sales.  So if this Fixed cost are high ,  is most likely we are going to experience loss

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______ segmentation delves into how consumers actually describe themselves
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iogann1982 [59]

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A) high magnitude of consequences.

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\begin{tabular}&#10;{|p {1cm}|p {1.4cm}|p {1.4cm}|p {1.5cm}|p {1.4cm}|p {1.4cm}|}&#10;{Price per hour&Quantity Supplied by Ann&Quantity Supplied by Bob&Quantity Supplied by Carlos&Market Quantity Supplied&Market Quantity Demanded\\[1ex]&#10;\$50&94&35&19&148&5\\&#10;45&93&33&14&140&8\\&#10;40&90&30&10&130&11\\&#10;35&81&27&6&114&16\\&#10;30&68&20&2&90&22\\&#10;25&50&12&0&62&30\\&#10;20&32&7&0&39&39\\&#10;15&20&0&0&20&47\\&#10;10&10&0&0&10&57&#10;\end{tabular}

From the table it can be seen that at the price of $20, the quantity supplied is equal to the quantity demanded equal to 39.

Also notice that at that price, Carlos is not supplying any service.

Therefore, the equilibruim price <span>of tutoring services be if Carlos decided to stop tutoring is $20.</span>
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