1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Thepotemich [5.8K]
3 years ago
6

Jamison's gross tax liability is $7,255. Jamison had $2,450 of available credits and he had $4,050 of taxes withheld by his empl

oyer. What are Jamison's taxes due (or taxes refunded) with his tax return?
Business
1 answer:
STALIN [3.7K]3 years ago
6 0

Answer:

$755 taxes due  

Explanation:

Data provided in the question

Gross tax liability = $7,255

Credits available = $2,450

Taxes withheld by his employer = $4,050

So by considering the above information, the Jamison taxes due with his tax return is

= Gross tax liability - credits available - taxes withheld by his employer

= $7,255 - $2,450 - $4,050

= $755 taxes due  

You might be interested in
George works in the accounting department at the Green Goddess Lawn Services, where it is his job to record all transactions int
Sedbober [7]

Answer:

The correct answer is post the information to the ledger.

Explanation:

In accounting, the general ledger is a document where all the transactions of corporations are recorded in chronological order. Each account must have a different book, which must be affected each time the accounts are involved in this process. These records make it possible to know the movements in a more detailed way, since unlike the journal in this case, only a single group of accounts is known and not the whole.

7 0
3 years ago
Jaden has a degree is marketing. She would like to run her department. She is going back to school to get a degree in:
Masteriza [31]

Answer:

Business Management

Explanation:

With Her <em>Marketing Degree</em> she is able to sell and get the right Customers paying the right price. To run her department she needs knowledge of business operations in Human Resource, IT, Finance , Purchase and Supply and Accounting. The <em>Business Management</em> degree provides these disciplines as minimal.

4 0
3 years ago
How would the Security Market Line be affected, other things held constant, if the expected inflation rate decreases and investo
garik1379 [7]

Answer: a. The y-axis intercept would decline, and the slope would increase.

Explanation:

The security market line is simply refered to as the graphical representation of a CAPM which is the capital asset pricing model and it simply shows the market risk, of the securities in the market which is then plotted against the market return.

When the expected inflation rate decreases and the investors also become more risk averse, the Security Market Line would be affected, as the y-axis intercept would decline, and the slope would increase.

8 0
2 years ago
Why would it be better to be in a partnership?
s2008m [1.1K]

Answer:

A partnership is easy and inexpensive to establish

the business benefits from pooled knowledge and skills of different partners

the workload is shared

more partners can be added,which could help increase capital

partnerships are not compelled by law to complete audits on financial statements

Explanation:

6 0
2 years ago
Read 2 more answers
Pharoah, Inc., has a bond issue maturing in seven years that is paying a coupon rate of 11.0 percent (semiannual payments). Mana
Delvig [45]

Answer:

Pharaoh will have to pay $1,084.47 for every outstanding bond that it retires.

Explanation:

if the market rate is 9.5%, then the price of outstanding bonds is:

PV of face value = $1,000 / (1 + 4.75%)¹⁴ = $522.21

PV of coupon payments = $55 x 10.22283 (PV annuity factor, 4.5%, 14 periods) = $562.26

market price = $1,084.47

3 0
2 years ago
Other questions:
  • Tom told his son, bobby, to go out and rake leaves. bobby went outside but raked pretty slowly (one bag in 2 hours). tom told bo
    10·1 answer
  • A(n _____ allows customers and customer contact centers equipped with video camera-computer hookups to interact via the computer
    13·1 answer
  • Which job category is likely to deal with primarily supply chains
    6·1 answer
  • Which interest-bearing account is best for people who won't need access to their money for several months or longer?
    14·1 answer
  • When the cross elasticity of demand between one product and all other products is low, one is generally referring to a(n) ____ s
    15·1 answer
  • Why do Marketers segment a market?
    7·1 answer
  • What advice would you give David to help him communicate ethically and responsibly? Check all that apply
    14·1 answer
  • The Seven Steps to Move into a New Field
    9·1 answer
  • Can you empathize with customers concerns.
    9·1 answer
  • Law of demand is defined as the relationship between price and quantity from a buyer's perspective.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!