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Alona [7]
3 years ago
7

Tony, age 15, is claimed as a dependent by his grandmother. During 2019, he had interest income from Boeing Corporation bonds of

$1,000 and earnings from a part-time job of $800. Tony's taxable income is: a.$1,800. b.$1,800 – $1,100 = $700. c.$1,800 – $800 – $1,100 = ($100). d.$1,800 – $1,150 = $650. e.None of these choices are correct.
Business
1 answer:
lidiya [134]3 years ago
6 0

Answer: d.$1,800 – $1,150 = $650

Explanation:

In 2019, the IRS listed that a Dependent who is claimed by another tax payer ( Tony's Grandmother) can have a tax deduction of $1,100, or their earned income plus $350 depending on which is higher.

Tony's earned income is $800 from his part-time job so his deduction is $1,150 (800 + 350) as this is higher than $1,150.

His tax is therefore,

= Unearned Income + Earned Income - Deduction

= 1,000 + 800 - 1,150

= 1,800 - 1,150

= $650

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Vlada [557]

Answer:

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3 0
2 years ago
Diana owns a bakery where she sells cupcakes. Two blocks down there is another bakery, CC's Bakery, that sells cupcakes for $1 l
elena-14-01-66 [18.8K]

Answer:

competitor-oriented pricing

Explanation:

competitor-oriented pricing is a technique for valuing in which a producer's value is resolved more by the cost of a comparable item sold by an incredible contender than by contemplation of purchaser request and cost of generation; likewise alluded to as Competition-Based Pricing.  

For instance: a firm needs to value another espresso producer. The company's rivals sell it at $25, and the organization thinks about that the best cost for the new espresso producer is $25. It chooses to set this very cost without anyone else item.

3 0
3 years ago
The Fabricating Department started the current month with a beginning Work in Process inventory of $11,100. During the month, it
MaRussiya [10]

Answer:

a.$16,370.

Explanation:

beginning WIP cost:      11,100

cost added during the period

materials                       77,100

direct labor                  25,100

overhead 70% of DL = 17,570

total added                  119,770

Total cost to be accounted for: 130,870

Cost assignned to

transferred out       114,500

ending WIP               16.370‬

Total cost assigned to 130,870

As the cost to be accounted and the cost assigned to should match we contruct that and solve for the ending WIP

8 0
3 years ago
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Answer:

Yes

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I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
QS 10-9 Bond retirement by call option LO P4 On July 1, 2017, Advocate Company exercises an $6,400 call option (plus par value)
vovikov84 [41]

Answer: The answer has been attached.

Explanation:

The journal is an accounting book that is used to record the transactions that take place in a business.

The entry to retire the bonds have been recorded. It should be noted that the bonds payable and the premium on

the bonds payable are debited while

the gain on the retirement of bonds and cash was credited.

Kindly, check attached file.

4 0
3 years ago
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