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Ugo [173]
3 years ago
13

Oscar and Mary have no dependents and file a joint income tax return for 2018. They have adjusted gross income (all wages) of $1

40,000 and itemized deductions of $30,000. What is the amount of taxable income that Oscar and Mary must report on their 2018 income tax return?
a. $93,600
b. $140,000c. $110,000
d. $116,000
e. $102,000
Business
1 answer:
MatroZZZ [7]3 years ago
4 0

Answer:

$101,900

Rationale:

($140,000 - $30,000 - $8,100) Two exemptions at $4,050 each.

Explanation:

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1. Jupiter Explorers has $9,000 in sales. The profit margin is 5 percent. There are 6,300 shares of stock outstanding, with a pr
zubka84 [21]

Answer:

25.21

Explanation:

The Price Earnings Ratio explains the correlation between a company’s stock price and earnings per share (EPS).

Calculating the price earning ratio is by the formula below.

PE = share price/ earning per share.

For Jupiter, the share price is $1.80 per

The EPS is as net income/outstanding shares

net income is the profits = 5 % of 9,000

net income = 5/100 x $9000

=0.05 x $9000

=$450

EPS =450/6300

EPS= 0.071

The Price Earnings Ratio= $1.80/0.0714

=25.21

3 0
3 years ago
A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne
Nikolay [14]

Answer:

The answer is: b

Explanation:

At equilibrium the quantity of oil supplied is equal to the quantity of oil demanded at the equilibrium price. In summer, two events will occur which will trigger a move from equilibrium.

  • A decrease in the supply of oil

Holding all else constant, a leftward shift in the supply curve leads to higher oil prices and lower quantities of oil.

  • An increase in the demand for oil

Holding all else constant, a rightward shift in the demand curve leads to higher oil prices and higher quantities of oil.

In both scenarios, the shifts will result in higher oil prices but the change in quantity is ambiguous.

8 0
3 years ago
With increased economic progress, cultures across the world seem to be moving toward some universally accepted values and norms.
lawyer [7]

Answer:

The correct answer is letter "E": convergence hypothesis

Explanation:

In Economics, the convergence hypothesis describes how increasing industrialization in different countries could lead to transform the economy to an industrialized world where the <em>same societal patterns, ideologies, behaviors, and customs</em> will be spread which is likely to create a global culture.

7 0
3 years ago
In the chapter about owning versus leasing, one set of examples compares the cost of owning versus the cost of leasing for South
Ivan

Answer:

The correct answer is D) None of the above options are correct.

Explanation:

In making a decision about whether to own or lease a property, if the cost of ownership is only slightly higher than leasing, financial intelligence requires that the company, or business or entity or person checks to see if the property is an income is generating one.

If yes, then it's should be considered for purchase

If the asset is not income-generating but plugs a cost leakage, it can also be considered if the value can appreciate in value.

It only becomes advisable to lease the assets if:

  1. the cost of purchasing the property far outweighs the cost of leasing as well as the current capacity of the Clinic;
  2. It's an assets that is non-income generating
  3. If it's a non-income generating asset that attracts lots of taxes etc.

Cheers

3 0
3 years ago
Because private owners are held responsible for damages their property causes to the property of others, private owners have
Nikitich [7]
I would say the answer is A
4 0
3 years ago
Read 2 more answers
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