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svp [43]
3 years ago
9

John, 45 years old and unmarried, contributed $1,000 monthly in 2018 to the support of his parents' household. The parents lived

alone and their income for 2018 consisted of $500 from dividends and interest. What is John's filing status and how many dependents should he claim on his 2018 tax return?
Business
1 answer:
Alex17521 [72]3 years ago
7 0

Answer:

Head of household; 2 dependents

Explanation:

For filing under 'head of household' status, a taxpayer must fulfill following conditions:

1. Taxpayer must pay more than 50% of household expenses.

2. In the tax year, the taxpayer must be unmarried.

3. The taxpayer must have either a qualifying child or a dependent.

John fulfills all the above conditions.

John is married and take care of his parents' expenses. His parents are dependent on him even though they do not stay with him for the entire year as he has contributed more than half of their living expenses.

Therefore, John can file as 'head of household'.

He can claim 2 dependents on his 2018 tax return, his father and mother.

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In order to produce 100 pairs of oven gloves, Marcia incurs an average total cost of $2.50 per pair. Marcia’s marginal cost is c
anygoal [31]

Answer:

option (d) $200.00

Explanation:

Average total cost for 100 pairs = $2.50

Marginal cost for every pair = $10.00

Now,

Total cost = Fixed cost + Variable cost

or

Fixed cost = Total cost - variable cost

or

Fixed cost = (Average total cost × 100) - (Marginal cost × 100)

= ($2.5 × 100) - ($1 × 100)  

= $250 - $100  

= $150

thus,

Total cost to produce 50 pairs of oven gloves

= fixed cost + variable cost

= $150 + (50 × $1)

= $150 + $50

= $200

Hence,

option (d) $200.00

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3 years ago
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Answer:

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2 years ago
Which of the following statements about the marketplace of ideas is true? The British created the marketplace of ideas in the se
pentagon [3]

Answer:

Private groups and the news media play important roles in shaping opinions in the marketplace of ideas.

Explanation:

The marketplace of ideas denotes to the thought and belief of the idea that the authenticity of the truth or its acceptance depends upon the level of competition which the ideas have with one another. This is irrespective of the view that the truth has been provided by the government or by any authority.

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5 0
3 years ago
Read 2 more answers
You are creating a portfolio of two stocks. The first one has a standard deviation of 20% and the second one has a standard devi
Drupady [299]

Answer:

23.56

Explanation:

Standard deviation of  the first stock (σ1) = 20%

Standard deviation of  the second stock (σ2) = 37%

The correlation coefficient between the returns (ρ) = 0.1.

Proportion invested in the first stock (W1) = 43%

Proportion invested in the second stock (W2) = 57%

The standard deviation of a two-stock portfolio's returns is given by

\sigma_{portfolio} = \sqrt{w_1^2\sigma_1^2+w_2^2\sigma_2^2+2w_1w_2\rho\sigma_1\sigma_2} \\\sigma_{portfolio} = \sqrt{0.43^2*0.2^2+0.57^2*0.37^2+2*0.43*0.57*0.1*0.2*0.37}\\\sigma_{portfolio} =0.2356=23.56\%

The standard deviation of this portfolio's returns IS 23.56%

8 0
3 years ago
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