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Kaylis [27]
3 years ago
12

Bill is a single taxpayer and is 38 years of age. In 2018, his salary is $28,000 and he has interest income of $1,500. In additi

on, he has deductions for adjusted gross income of $1,400 and he has $11,000 of itemized deductions. Calculate the following amounts:______.
A. Gross Income
B. Adjusted Gross Income
C. Standard deduction or itemized deduction amount
D. Taxable Income
Business
1 answer:
butalik [34]3 years ago
8 0

Answer:

a. $29,500

b. $28,100

c. $12,000

d. $16,100

Explanation:

The computation is shown below:

a. Gross income

= Salary + interest income

= $28,000 + $1,500

= $29,500

b. Adjusted gross income

=  Gross income - deductions for adjusted gross income

= 29,500 - $1,400

= $28,100

c. The standard deduction or itemized deduction for the year 2018 is $12,000

d. Taxable income

= Adjusted gross income - standardized deductions

= $28,100 - $12,000

= $16,100

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mr_godi [17]

Answer:

The correct answer is letter "D": One of several products produced from a common input.

Explanation:

Joint products are those manufactured by large companies whose production process is the same at an early stage for all the different products being produced, but at a certain stage, called a split-off, the products begin to have their own characteristics.

Since the products initially come from the same input, the costs are allocated in the bundle. After the split-off, the cost of production is allocated to each type of product.

8 0
4 years ago
ABC Company insured its building on a replacement cost basis for $700,000 under a property insurance policy that included an 80%
Rama09 [41]

Answer:

$35,000

Explanation:

Given that

Insurance = $700,000

Sustained cost = $40,000

Replacement cost = $1,000,000

Policy = 80%

The computation of amount eligible for payment is as shown below:-

Insurance required = Cost of building × Co insurance

=$1,000,000 × 0.80

= $800,000

The amount eligible for payment = (Insurance Carried ÷ Insurance Required) × Loss

= $700,000 ÷ ($1,000,000 × 80%) × ($40,000)

= $700,000 ÷ $800,000 × $40,000

= 0.875 × $35,000

= $35,000

3 0
3 years ago
A lower control limit must by definition be a value less than an upper control limit. True or false
SVEN [57.7K]

Answer:

True

Explanation:

  • The lower control limit is a limit of the quality control characteristics that describe the common cause of variations form the natural control process,  that horizontal lines that are drawn in the distance of plus and minus 3.  Found usually in the six sigma model of the quality deviation.
5 0
3 years ago
PLEASE HELP I'M IN A BIG RUSH
UkoKoshka [18]

Answer:The answer is A

Explanation:The one that is not commonly contacted by Typical investors to purchase stocks or bonds are : REALTORS

The investors will approach realtors if they want to invest their equity on properties such as land, houses , or apartment 

8 0
4 years ago
Explain the reasons why risk management might increase the value of a corporation?
vlada-n [284]

Explanation:

Risk management is to increase a firm ’s profitability;

(1) Raise all use of borrowing by them.

(2) Preserve their optimum budget for resources in accordance.

(3) Reduce potential distress-related expenses.

(4) Make use of their comparable liquidity advantages compared to the individual's liquidity capacity.

7 0
3 years ago
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