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Slav-nsk [51]
3 years ago
7

Alicia (age 27) is a single, full-time college student. she earns $13,200 from a part-time job and has taxable interest income o

f $1,450. her itemized deductions are $845. what is her taxable income
Business
2 answers:
gavmur [86]3 years ago
7 0

AGI= 13200+1450= 14650

<em>less</em> Standard Deduction for 2017 (6350)

Equals 8300

<em>Less 2017 deduction amount </em> (4050)

Final answer is 4250

Wewaii [24]3 years ago
4 0

The answer is: 4250

Explanation: Alicia (age 27) who is a single, full-time college student has the  

average gross income of 14650 (13200+1450= 14650)

from this, we’ll minus her Standard Deduction for 2017 which are  (6350)

once we minus the amount, the answer will be 8300

from this we will deduct  2017 deduction amount which is (4050)

once the entire calculation has been done, 4250 will be the final answer.


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The days in inventory for valley markets is 114

<h3>How to calculate the days in inventory for valley markets ?</h3>

Valley markets has an inventory turnover of 3.2

The capital intensity ratio is 1.9

There are 365 days in a year, the days in inventory for valley markets can be calculated as follows

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= 114

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5 0
1 year ago
Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the ad
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Boomer company purchased office equipment for $1,000 on december 5. the office equipment depreciated $30 during december. the adjusting entry should include a: Debit to Depreciation expense  $ 30

Adjusting entries correct previously recorded journal entries, allowing revenue and costs to be recognized as they occur.

Assume, for example, Depreciation that you bill a customer for $1,000 in services in December. They then pay you in January or February, after the previous fiscal year has ended.

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This is referred to as an accrued revenue adjustment entry.

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Explanation:

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