The global economy ____

Frank, age 35, and Joyce, age 34, are married and file a joint income tax return for 2019. Their salaries for the year total $84

ivolga24 [154]

Answer:

The question is not complete.

Here is the complete part:

Table for the standard deduction

Filing Status 2018 Standard Deduction

Single $ 12,000

Married, filing jointly $24,000

Married, filing separately $12,000

Head of household $18,000

Qualifying widow(er) $24,000

If an amount is zero, enter "0".

a. What is the amount of their adjusted gross income?

$

b. What is their deduction for personal exemptions?

$

c. What is the amount of their taxable income?

$

Here are the answers:

a. Adjusted Gross Income = $88,700

b. Personal exemptions = $0

c. Taxable Income = $64,000

Explanation:

a .Adjusted Gross Income is calculated by adding income from various sources and subtracting any specific deductions.

For Frank and Joyce, the adjusted gross income is :

$84,800 + $3,900 - $0 (no deductions for adjusted gross income) = $88,700.

b. Personal exemptions equals is $0 because it has been phased out in 2017.

c. The taxable income is derived by deducting standard deduction or itemized deductions (whichever is higher) from adjusted gross income.

Taxable income = Adjusted gross income - deductions ( standard or item-whichever is higher).

The standard deductions of $24,000 for married, filling jointly is lower than their itemized deductions, so the latter will be used.

Hence, the taxable income = $88,700 - $24,700

Taxable income = $64,000

4 0

4 years ago

In her work at Powered Solutions, Angelica helps business clients identify, organize, and analyze data from social media sources

Sav [38]

Answer:

C) Data scientist.

Explanation:

Data science is the use of various methods such as algorithms, scientific methods, and systems to get insights and knowledge from structured and unstructured data.

Angelica in helping business clients identify, organize, and analyze data from social media sources, internal CRM databases, commercial entity sources, and government sources is taking a data scientist's role.

6 0

4 years ago

Read 2 more answers

How can quality control affect production?

leva [86]

Answer: Quality Assurance with Quality Control

Quality assurance streamlines production and helps to ensure that the final products meet the company's quality criteria. It ensures that the processes used to design, test, and produce products will be done correctly.

Explanation:

Hope it helps

3 0

3 years ago

Gerald rowe spends a weekend helping his neighbor john fritz build a new garage. two weeks later, after the garage is complete,

Ivanshal [37]

Answer:

cannot sue John for the extra $250 asJohn made the promise to him based on past consideration.

Explanation:

When Gerald was helping John build the garage, there was no agreement between them on payment for services. After the two weeks John made the promise to pay Gerald.

This is not a binding promise as John is paying Gerald at his own discretion as a past consideration, since no contract was agreed between them.

7 0

3 years ago

Merle Industries had been selling its product for $24 per unit, but recently lowered the selling price to $17 per unit. The comp

Lana71 [14]

Answer:

The company’s inventory be reported on the balance sheet as $3,150.

Explanation:

GAAP and IFRS requires that the inventory of the company should be recorded as Lower cost and Net realizable value of the inventory.

According to given data

Available Inventory = 210 units

Cost of Inventory = 210 units x $20 = $4,200

Net realizable value is the value of the inventory which can be recovered on the immediate sale. the current market value of the inventory is $15.

So,

Net realizable value is = 2,100 units x $15 = $3,150

As the Net realizable value is lower than the cost of the inventory, $3,150 should be reported as inventory on the balance sheet.

7 0

3 years ago

The global economy _____.