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marshall27 [118]
3 years ago
7

Marc and michelle are married and earned salaries this year of $69,200 and $13,950, respectively. in addition to their salaries,

they received interest of $350 from municipal bonds and $1,150 from corporate bonds. marc and michelle also paid $3,150 of qualifying moving expenses, and marc paid alimony to a prior spouse in the amount of $2,150. marc and michelle have a 10-year-old son, matthew, who lived with them throughout the entire year. thus, marc and michelle are allowed to claim a $1,000 child tax credit for matthew. marc and michelle paid $7,300 of expenditures that qualify as itemized deductions and they had a total of $6,330 in federal income taxes withheld from their paychecks during the course of the year. (use the tax rate schedules. )
Business
1 answer:
lana66690 [7]3 years ago
8 0

Part of question :

What is the total amount of Marc and Michelle's deductions from AGI?

Answer and Explanation:

Let's assume Marc and Michelle are filing a joint tax return.

Total salaries from Marc and Michelle = $69200+$13950 = $ 83150

interest on corporate bonds which is taxable = $1150

total income = $ 83150+$1150= $84300

deductions include:

The IRA contribution =$ 3150

The alimony to ex wife= $ 2150

Total deduction = $ 5300

Agreegate income= $ 84300-$5300=$79000

Marc and Michelle have options to choose standard deduction of $24000 from AGI or itemised deduction of 2% of AGI=$1580

From here, it is better to take the standard deduction option as it reduces taxable income

Therefore taxable income =$79000-$24000=$55000

Total deduction=$24000

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Suppose you have a machine which executes a program consisting of 60% floating point multiply, 20% floating point divide, and th
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Answer:

Given that Program instructions consists of:

  • 60% floating point multiply
  • 20% floating point divide
  • 20% other instructions

Amdahl's law states that:

Execution time affected by improvement = (Execution time after improvement/ Amount of improvement) + (Execution time unaffected)

Assuming initially that floating point multiply, divide and other instructions have same clocks per instruction (CPI).

Part (a)

New execution time after improvement with multiply = (60) / 8 + (20 + 20) = 47.5

New execution time after improvement with Divide = (20) / 3 + (60 + 20) = 86.67

New system should be 4x faster which means new execution time should be below = 100/ 4 = 25.

Therefore, Management's goal can NOT be achieved by making the improvement with multiply or divide alone.

Part (b)

New execution time after improvement with multiply and divide = (60 / 8) + (20 / 3) + 20 = 34.17

Speed up = execution time of original machine / Execution time of new machine = (100 / 34.17) = 2.93

Therefore, new machine is 2.93 times faster than original machine.

4 0
3 years ago
The median age for u.s. blacks currently is 30.9 years; for u.s. whites it is 42.3 years. (a) based upon this information, give
Marrrta [24]

There are quite a few reasons that this difference could be observed. The lower black median age could be connected to the greater number of births in the black minority group than in the whites. Another reason could be the aging of the non-Hispanic white group to a post child-bearing age and consequently the general aging of this subgroup of the population. In general, differences in group medians are due to the distribution of ages and the observed range of the ages in the two dissimilar population groups.

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Increasing your 401k deduction will ________ your take-home pay and __________ your federal taxes in the current year.
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The privately-owned school system in Smalltown has a virtually unlimited capacity. It accepts all applicants and operates on bot
oksian1 [2.3K]

Answer:

A

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The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

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Octavia has received an email from a customer asking her a question about a product unfortunately Octavia doesn't know the answe
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