What is a disadvantage for a company that goes public

Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the followin

natali 33 [55]

Answer:

a. What is Mary’s federal tax liability?

$20,243.75

b. What is her marginal tax rate?

25%

c. What is her average tax rate?

average tax rate for ordinary income = $18,293.75 / $90,000 = 20.33%

average tax rate on all of Mary's taxable income (including long term capital gains) = $20,243.75 / $103,000 = 19.65%

Explanation:

Since the personal exemption is $4,000, I assume that this question takes place during 2015.

total ordinary income = $82,000 (salary) + $12,000 (dividend income) + $5,000 (interest income) + $2,500 (short term capital gains) = $101,500

long term capital gains = $13,000

taxable ordinary income = $101,500 - $4,000 - $7,500 = $90,000

tax liability on ordinary income = $5,156.25 + [($90,000 - $37,450) x 25%] = $18,293.75

tax liability on long term capital gains = $13,000 x 15% = $1,950

total tax liability = $20,243.75

6 0

3 years ago

Which of these is the best description of the Gross State Product?

NISA [10]

I'm Going To Tell You This business the one year span is really to us a two year span so its going to be double of what your looking for

8 0

4 years ago

Read 2 more answers

Which situation would result in a credit card issuer charging a late-payment fee? A cardholder pays off one credit card with a n

topjm [15]

Answer:

A cardholder fails to make a minimum payment one month.

Explanation:

A credit card late-payment fee is the fee charged by a credit card issuer because the card holder fails to pay his debt at the minimum payment deadline. This fee can be very high up to $40 depending on the card issuer. Some card issuers charge very low payment fee or no payment fee at all, therefore if you know you are someone who forgets to pay debts at the due date use credit cards that charge low payment fees.

7 0

3 years ago

On August 2, 2019, Wendy purchased a new office building for $3,800,000. On October 1, 2019, she began to rent out office space

anastassius [24]

Explanation:

a)

Mid-month MACRS convention is applicable here because real property is placed in service in the middle of the month in which acquired.

b)

The life of the asset following MACRS is 39 years.

c)

Cost recovery deduction:

The building is listed as the non-residential real property holding 39 years lifetime

Cost recovery deduction for 2015:

= $3,800,000 x 0.535%

= $20,330

Cost recovery deduction for 2019:

= $3,800,000 x 2.564% x (6.5/12 months)

= $52,776

3 0

3 years ago

Decision Point: Choosing Your Shake's Packaging You've selected the formula for the turmeric shake. You now need to decide on th

lions [1.4K]

Answer:

Drink pouch

Explanation:

The Drink pouch will the best best choice for the packaging of the turmeric shake. It is 12 ounce drink pouches that are fitted with screw tops which are resealable, lightweight and portable. The pouches are inexpensive to purchase.

It is the best choice as the customers wants the packaging style that offers them the convenience in storage as well as in consumption. The drink pouches are designed such that it can be resealed and the lightweight of packaging material is convenient to carry places. Also the cost of the drink pouch is 12 ounce which keeps the production cost low, that preserves in the Fine Fettle's profit margin.

7 0

3 years ago