C.the economy is using all of its resources to produce books
<span>The AICPA rules would enforce that he is not allowed to join the board since he would be considered a firm professional. This would prevent a conflict of interest where he would serve as a director of a client. The AICPA is the American Institute of Certified Public Accountants.</span>
Answer:
The amount of these state income tax refund is included in gross income in 2016 is $1,100
Explanation:
The computation of the income tax refund is shown below:
= Itemized deductions - standard deduction
= $13,700 - $12,600
= $1,100
Since we have to find out the refund amount which would be included in the gross income so we consider the amount of the deductions which is given in the question. The other information which is given in the question is not relevant. Hence, ignored it
The amount recovered would be adjusted to that particular year only it would not be carried forward.
truth, the expression is part of a telegram sent to Bill Haywood, in which Joe wrote, "Goodbye, Bill, I die like a true blue rebel. Don't waste any time mourning. Organize!" It wasn't Joe's last telegram; he sent another in which he implored Haywood, "Could you arrange to have my body hauled to the state line to be buried? I don't want to be found dead in Utah.
Answer:
$6,641
Explanation:
Roberta must pay self-employment taxes from the income she received from her truck driving business ($47,000). Self-employment taxes are similar to the taxes paid by the employers (FICA) and are subject to he same maximums.
- social security tax 12.4%
- medicare tax 2.9%
Since the self-employed are allowed certain tax deductions, the easiest way to determine taxable income is by multiplying income x 92.35%.
Taxable income = $47,000 x 92.35% = $43,404.50
- Social security taxes = 12.4% x $43,404.50 = $5,382
- Medicare taxes = 2.9% x $43,404.50 = $1,259
- total $6,641
