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
satela [25.4K]
3 years ago
13

Marc and Michelle are married and earned salaries this year of $72,400 and $15,150, respectively. In addition to their salaries,

they received interest of $350 from municipal bonds and $1,550 from corporate bonds. Marc contributed $3,550 to an individual retirement account, and Marc paid alimony to a prior spouse in the amount of $2,550. Marc and Michelle have a 10-year-old son, Matthew, who lived with them throughout the entire year. Thus, Marc and Michelle are allowed to claim a $2,000 child tax credit for Matthew. Marc and Michelle paid $8,100 of expenditures that qualify as itemized deductions and they had a total of $6,940 in federal income taxes withheld from their paychecks during the course of the year.
What is Marc and Michelle's gross income?
Business
1 answer:
notsponge [240]3 years ago
4 0

Answer:

Explanation:

Marc's salary 72,400

Michelle's salary 15,150

Corporate bond interest 1,550

Add everything and we will get gross income = 89,100

You might be interested in
On March 8, Black Candy Company bought supplies on account from the Arcade Fire Company for $550. Black Candy Company incorrectl
grandymaker [24]

Answer:

A

Explanation:

Supplies..............................

550

Equipment.........................

500

Accounts Payable...............

50

3 0
3 years ago
Keys Corporation's 5-year bonds yield 5.10% and 5-year T-bonds yield 4.40%. The real risk-
alexdok [17]

Answer:

.20

Explanation:

=> r(corp) = rf + ip + Ip + drp + mrp , so 5.10% = 2.50% + 1.50% + 0.50% + drp + [(5-1) * 0.1]%, now solving the equation for drp, we get = 5.10 - 2.50 -1.50 -0.50 - 0.4 = 0.20%

4 0
3 years ago
A government-set price floor on a product rev: 05_07_2018 Multiple Choice will drive resources away from the production of the p
Salsk061 [2.6K]

Answer:

will attract more resources towards the production of the product

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Because price is set above equilibrium price, quantity supplied would exceed quantity demanded and there would be a surplus.

If price were set below equilibrium price (the price floor is non-binding) there would be shortages as quantity demanded would exceed quantity supplied

price floor benefits sellers

Due to increased profitability as a result of the high price as a result of price floor, there would be a resource flow into that industry

6 0
3 years ago
You should research the ______________ of a career to learn about its long-term growth and stability.
Vitek1552 [10]

If you're interested in a career's long-term growth and stability, you should investigate what the average wage is. Thus, option (C) is correct.

<h3>What is the investigation?</h3>

A detective's job is to conduct investigations. Private investigators conduct investigations. A criminal investigation is the study of facts used to track down an alleged criminal and establish his or her guilt. The division of the British Police responsible for criminal investigations is where plainclothes detectives work.

The average pay, on the other hand, is calculated by dividing the total number of salaries by the total number of salaries. For illustration, let's take a look at three employees with wages of $20,000, $30,000, and $50,000 each. Currently, the average pay is 33,333 and the median wage is 30,000.

Therefore, Thus, option (C) is correct.

Learn more about the investigation here:

brainly.com/question/7721379

#SPJ1

6 0
1 year ago
The current dividend yield on CJ's common stock is 1.89 percent. The company just paid a $1.23 annual dividend and announced pla
belka [17]

Answer:

The required rate of return on this stock is 13.27%

Explanation:

The computation is shown below:

First, we have to determine the dividend growth and then the growth rate. Afterward, the final answer will come

Dividend growth rate = Next year dividend - current year dividend

= $1.37 - $1.23

= $0.14

Now the growth rate would be equal to

= (Dividend growth) ÷ (current year dividend)

= ($0.14) ÷ ($1.23)

= 11.38%

Now add the dividend yield to the growth rate

So, the required rate of return would be

= 11.38% + 1.89%

= 13.27%

8 0
3 years ago
Other questions:
  • Mykha's company makes jewelry from doll shoes. She increases production but finds that her costs continue to rise while profits
    8·1 answer
  • If joe were to introduce himself as dr. early to sell to gensol, knowing that people would assume that he was a medical doctor,
    6·1 answer
  • All things equal, a magma will have __________ viscosity than a lava
    9·1 answer
  • Based on the graph, what is the excess demand for apartments in this economy after the application of rent control? A. 8 B. 15 C
    8·1 answer
  • The nato nations have agreed that in the case of an attack against a member nation??
    12·2 answers
  • Rivera Company has several processing departments. Costs charged to the Assembly Department for November 2020 totaled $2,283,744
    10·1 answer
  • A firm has market power if it can Select one: a. maximize profits. b. minimize costs. c. influence the market price of the good
    9·2 answers
  • Use the dividend growth model to determine the required rate of return for equity. Your firm recently paid a dividend of $2.25 p
    13·1 answer
  • What are the typical fees banks charge?
    8·1 answer
  • In a subdivision where there are 108 lots, the lots will always be the same?
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!