PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)

Melody and Todd are married and have employee wages of $250,000 each in 2019. They have no other income. How much additional 0.9

sasho [114]

Answer:

$1,350

Explanation:

The computation of the amount pay or received as a refund at the time of filing the income tax return for the year 2019 is shown below:

As we know that

The Medicare tax rate is 1.45% till $200,000

And, if it is above $200,000 than 2.35% is charged (1.45% + 0.9%)

Now

For individually calculated,

Melody = ($200,000 × 1.45%) + ($50,000 × 2.35%) = $4,075

Todd = ($200,000 × 1.45%) + ($50,000 × 2.35%) = $4,075

So, the total is

= $4,075 + $4,075

= $8,150

Now if they filling their joint return so

Total salary is $500,000 ($250,000 × 2)

Medicare upto $250,000 = $3,625 ($250,000 × 1.45%)

for remaining $250,000 = $5,875 ($250,000 × 2.35%)

So, the Total is

= $3,625 + $5,875

= $9,500

Now the refund is

= Joint return - individually return for each one

= $9,500 - $8,150

= $1,350

4 0

3 years ago

Consider the following information for three stocks, A, B, and C. The stocks' returns are positively but not perfectly positivel

rjkz [21]

Answer:

The answer is letter D.

Explanation:

The correct statement is Portfolio ABC's expected return is 10.66667%

5 0

3 years ago

What positive qualities can employers most likely discover about candidates from candidates’ social media accounts? Check all th

Effectus [21]

Answer:

This person said it in the question lol. All answers but B.

5 0

2 years ago

Read 2 more answers

The following situations relate to the demand curve for iPhones [normal good]. For each situation, state whether it is a change

julia-pushkina [17]

An increase in the income of 18-25 year olds would lead to an increase in the demand for iPhones.

The announcement made by Apple, would lead to a decrease in the demand for iPhone.

An increase in the price of iPhones would lead to a decrease in the quantity demanded of iPhones.

A decrease in the price of android phones would lead to a decrease in the demand for iPhone.

A demand curve is a curve that shows the relationship between the price of a good and the quantity demanded. A normal demand curve is downward sloping. This means that as prices increases, the quantity demanded would decrease.

Only a change in the price of a good leads to a change in the quantity demanded. This would mean a movement along the demand curve for the good. Other factors leads to a change in demand. This is shown by either an outward shift or inward shift of the demand curve. When demand increases, there is an outward shift. When demand decreases, there is an inward shift of the demand curve.

An increase in income would lead to an increase in demand for iPhone because iPhone is a normal good. This would lead to an outward shift of the demand curve.

As a result of the announcement, demand would decrease. This is because human beings would like to buy goods cheaper, so they would defer purchase to next month. This would lead to an inward shift of the demand curve.

An increase in the price of iPhones would lead to a decrease in the quantity demanded of iPhones.

If there is a decrease in the price of androids, there would be an increase in the demand for androids and a decrease in the demand for iPhone. This would lead to an inward shift of the demand curve.

To learn more, please check: brainly.com/question/16170188?referrer=searchResults

8 0

1 year ago

If the interest is compounded more than once per year, which rate is higher, the stated rate or the effective rate?

arlik [135]

Answer:

the effective rate is higher

Explanation:

the formula used to calculate effective rate is: effective rate = (1 + r/n)ⁿ - 1

for example, he stated rate is 6%:

if it is compounded annually, the effective rate is 6%
if it is compounded semiannually, the effective rate = (1 + 6%/2)² - 1 = 6.09%
if it is compounded quarterly, the effective rate = (1 + 6%/4)⁴ - 1 = 6.14%
and so on

7 0

3 years ago