1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vika [28.1K]
3 years ago
10

Eugene and Velma are married. For 2018, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate retur

ns. They have no deductions for adjusted gross income. Eugene's itemized deductions are $14,200 and Velma's are $4,000. Assuming Eugene and Velma do not live in a community property state and Eugene deducts the greater of the standard deduction or itemized deductions, what is Eugene's taxable income?
Business
1 answer:
mestny [16]3 years ago
8 0

Answer:

Eugene's taxable income is $10,800

Explanation:

in case of separate filling, if one spouce sellected itemized deduction then other will also have to use itemized deduction.

taxable income =  $25,000 - $14,200

                          = $10800

Therefore, Eugene's taxable income is $10,800.

You might be interested in
A manufacturing company producing medical devices reported $59 million in sales over the last year. At the end of the same year,
kaheart [24]

Answer:

The inventory TO is 3.6875

Explanation:

\frac{Sales}{Average Inventory} = $Inventory Turnover

​where:

$$Average Inventory=(Beginning Inventory + Ending Inventory)/2

Considering there is not sufficient information to calculate the begining inventory <u>we are going to work only with the ending inventory </u>so:

\frac{59,000,000}{16,000,000} = 3.6875

The inventory TO is 3.6875 This means the company sales their inventory almost 4 times per year.

4 0
4 years ago
Which one of the following is the most widely used source of retirement income?
Luba_88 [7]

Compared to IRAs, Keogh plans, and company pension plans, Social Security<span> is the most widely used source of retirement income. It is based on reports that  88 percent of retirees rely on its steady stream of payments. Fifty-five percent of retirees regards Social Security as their major source of retirement income.  </span>

7 0
4 years ago
Read 2 more answers
Lagyan ng angkop na bilang ang
Liono4ka [1.6K]

Answer:

which language is this? or is it just nonsense?

5 0
3 years ago
LO 1.3Which of the following terms means the ability to work in cross-functional teams in order to complete a task?
Fittoniya [83]

Answer:

collaboration

Explanation:

Supervisory skills is the ability to monitor work, duties been carried out to ensure they are successfully completed.

Conceptualization is the ability to create new ideas.

Resource planning is determining the resources needed to carry out a project.

I hope my answer helps you

7 0
4 years ago
Which of the following scenarios would be included in GDP? Pam buys a new 40-inch television at Walmart. Sandra is a waitress at
kkurt [141]

Answer:

A.  Pam buys a new 40-inch television at Walmart.

Explanation:

Gross Domestic Product is the sum monetary value of goods and services purchased in a country within a specific length of time. It can be calculated on an annual or quarterly basis. It helps economists in making decisions. The GDP has to be recorded so that it can be accounted for. The GDP is calculated based on income, expenditure, or production.

From the options given, only Pam has performed an activity that can be rightly included in GDP. This is because she purchased an item (expenditure) that would be recorded by the supermarket and eventually accounted for in the country's GDP.

3 0
3 years ago
Other questions:
  • Barry owns a 50 percent interest in B&amp;B Interests, a partnership. His brother, Benny, owns a 35 percent interest in that sam
    9·1 answer
  • Which of the following statements regarding the center of gravity method is false
    6·1 answer
  • Why do businesses use letterheads and logos?
    13·1 answer
  • Bringham Company issues bonds with a par value of $540,000 on their stated issue date. The bonds mature in 6 years and pay 9% an
    7·1 answer
  • 2. Buckeye Industries has a bond issue with a face value of $1000. The value of Buckeye’s asset is $1200. In one year they will
    15·1 answer
  • What would wages look like if there was no minimum wage?
    7·1 answer
  • A stock transfer is used to move 400 t-shirts from Plant A to Plant B in the same company code. What is the change in value of i
    14·1 answer
  • If business leaders in Great Britain become more confident in their economy, they will increase investment, causing the British
    7·1 answer
  • A commercial bank has $50 million in checkable-deposit liabilities and $10 million in actual reserves. The required reserve rati
    9·1 answer
  • You are the manager of a retail store. Shipments of the products you sell arrive once a week from the central warehouse and you
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!