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DanielleElmas [232]
3 years ago
15

Determine the amount of the 2018 standard deduction allowed in the following independent situations. In each case, assume the ta

xpayer is claimed as another person's dependent.
Amount of the
Standard Deduction
a. Mason, aged 18, reports income as follows: $1,900 from a paper route and $10,800 from repairing computers. $
b. Emma, aged 17, records income as follows: $950 in cash dividends from a stock investment, $5,100 from providing dance lessons, and $1,700 from babysitting. $
c. Samuel, aged 13, incurs income as follows: $100 interest on a bank savings account and $500 from mowing neighbors' lawns. $
d. Gabriel, aged 22, reports income as follows: $300 in cash dividends from a stock investment. $
e. Elijah, aged 65, incurs income as follows: $12,000 from Social Security and $5,200 in wages from a part-time job.
Business
1 answer:
wlad13 [49]3 years ago
4 0
I believe it’s b.
Sorry if it’s wrong I’m not sure
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you want to put $2,500 in a simple interest account. It has a 4% annual interest rate. How long will it take you to earn $200 in
Solnce55 [7]
It will take 2 years because eaxh year you get 4% of the $2500 which means $100 a year
6 0
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A will that is completely handwritten dated and signed by the person making the will
Marta_Voda [28]
It's called a <u>holographic will</u>.
6 0
3 years ago
Why is it important for the government to achieve these five objectives?
Lelu [443]

Answer: Equality

Without proper guidelines in place one would outweigh the other cause an imbalance. If the government didn't keep those equal there wouldn't be enough stability and nobody would be able to live fairly.

5 0
3 years ago
Point Company paid $4,000 cash to purchase a new machine. The company also paid $500 cash for an initial training cost that was
spin [16.1K]

Answer:

Dr Machinery $4500

Cr Cash                      $4500

Explanation:

The reason is that the Internation Accounting Standard IAS 16 Property, Plant & Equipment says that the company must capitalized all those costs that are necessary to make the asset ready to use which means that the cost of training which is $500 and purchasing cost which is $4000 must be capitalized as part of the asset.

So the entry would be:

Dr Machinery $4500

Cr Cash                      $4500

4 0
3 years ago
Dane purchased a 15-year, 10% bond in 2014. At the time, the yield to maturity (YTM) on the bond was 8.8%. The bond currently se
posledela

Answer:

Rate of return < current YTM

Explanation:

In order to determine whether the current YTM is greater or less,we need to first of all determine the current YTM using excel rate formula as shown below:

=rate(nper,pmt,-pv,fv)

nper is the number of coupon payments the bond pay which is 15

pmt is the annual coupon payment of $100(10%*$1000)

pv is the current price of $890

fv is the face value of $1000

=rate(15,100,-890,1000)=11.58%

Since the rate of return is 8.8% while the current YTM is 11.58%,the third option is correct

4 0
3 years ago
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