D foreign car company build new assembly plans in the US
Both Marcus and Patrick will use the filing status of Singles because they were divorced, has no dependents and never remarried to each other
Filing status helps to determines the tax return form a taxpayer will use to compute his/her taxable income.
In U.S., the filing status includes
- Single
- Married filing jointly
- Married filing separately
- Head of household
- Qualifying widow(er) with dependent child
Therefore, both Marcus and Patrick will use the filing status of Singles because they were divorced, has no dependents and never remarried to each other
Read more about Filing status:
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Answer:
The answer is a business owned by individual stockholders.
Explanation:
A corporation has a unique structure compare to any other business. The main difference is that the ownership and the administration and management of the company company are seperated. While the board of directors control the functions of the company, the stock holders own the company.
Answer:
d) increases, and the labor -force participation rate decreases
Answer:
1. 26.79%
2. No
Explanation:
a. The computation of debt payment to income ratio is shown below:
The income would be equal to
= Monthly gross income - federal, state, and local income tax - social security taxes - IRA
= $3,500 - $820 - $370 - $220
= $2,090
And, the debt payments equal to
= Visa card + master card + automobile loan
= $125 + $120 + $315
= $560
So, the debt payment to income ratio would equal to
= $560 ÷ $2,090
= 26.79%
b. we conclude that debt percentage is more than the monthly payments.