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2 years ago

Marc, a single taxpayer, earns $60,000 in taxable income and $5,000 in

Business

1 answer:

lesya692 [45]2 years ago

4 0

Answer:

Federal tax = $10,856.25

Explanation:

Given:

Tax rate schedule for year 2014.

Income between $36,900 - $89,350

$5,081.25 + 25% over $36,900

Total income = $60,000

Computation:

So,Income between $36,900 - $89,350

Federal tax = $5,081.25 + 25% ($60,000 - $36,900)

Federal tax = $5,081.25 + 25% ($23,100)

Federal tax = $5,081.25 + 0.25 ($23,100)

Federal tax = $5,081.25 + $5,775

Federal tax = $10,856.25

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ehidna [41]

The factor is called a profit.

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3 years ago

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Answer:

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3 years ago

On November 1, 2021, Green Valley Farm entered into a contract to buy a $150,000 harvester from JohnDeere. The contract required

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Answer:

Journal Entry

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The Journal Entry is shown below:-

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3 years ago

Maria's New Year's Resolution is to save

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C. Intentional

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1 year ago

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Answer:

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Sovereign immunity basically states that the federal government cannot be sued for its actions unless those actions are included in the Federal Tort Claims Act. To be able to sue a state government other rules apply, specially regarding the circumstances around the reason for the claim.

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3 years ago