Match the vocabulary word to the correct definition.

Marc and michelle are married and earned salaries this year of $70,400 and $14,400, respectively. In addition to their salaries,

Fiesta28 [93]

Answer:

Since we are not given any specific year, I will use the 2020 tax schedule:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $70,400 + $14,400 + $1,300 = $86,100

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

<u>contribution to IRA = ($3,300)</u>

Marc and Michelle's taxable income = $58,400

Marc and Michelle's tax liability = $1,975 + [12% x ($58,400 - $19,750)] = $6,613

Alimony payments are not longer tax deductible and interests on municipal bonds is not taxable.

Since their income tax withholdings exceed their tax liability, they should get a refund for $6,665 - $6,613 = $52

Also, since they are allowed a $2,000 child tax credit, but they do not owe any more taxes, they are entitled to a $1,400 refund.

Total refund for 2020 = $1,452.

5 0

3 years ago

Daniel, an entrepreneur, is planning to open a fast-food restaurant. He wants to cash in on the huge population of busy professi

Karo-lina-s [1.5K]

Answer:

the answer is none of these

8 0

3 years ago

Suppose a bond with a 10% coupon rate and annual coupons, has a face value of $1,000, 5 years to maturity and is selling for $1,

Taya2010 [7]

<u>Solution and Explanation:</u>

1. the Yield to maturity

FV = 1,000

PMT = FV multiply with Coupon rate , PMT = 1,000 multiply with 0.1 = 100

N = 5 , PV = -1,197.93

CPT I/Y

I/Y = 5.380166647

Therefore, the Yield to maturity = 5.380166647%

Where: FV – fair value, PV – Present value

2. Current yield = Coupon payment divided by Price

Current yield = 100 divided by 1,197.93

By solving we get,

Current yield = 0.08347733173

Therefore, the Current yield = 8.347733173%

7 0

3 years ago

Changing the prices of products based on the level of demand characteristics of the customer is called ________ pricing.

Airida [17]

Changing the prices of products based on the level of demand characteristics of the customer is called dynamic pricing.

Personalization is the use of customer data to create or modify items to meet individual needs. Customization is the manual modification of an item by a customer to meet their needs and requirements. Content streaming services are perhaps the most famous example of the subscription business model.

Internet technology reduces demand information costs by enabling price transparency (making it easier for consumers to find different prices) and cost transparency (making it easier for consumers to see the true cost of a product). and improve information quality.

Learn more about demand at

brainly.com/question/1222851

#SPJ4

6 0

2 years ago

If the slope of a straight line is minus3 and if Y (the variable on the vertical axis) decreases by 6, then X (the variable

Sergio039 [100]

Answer:

X (the variable on the horizontal axis) will increases by 2.

Explanation:

The slope of a straight line is -3. So, m=6.

Slope of a straight line is