Answer:
Total Taxable income $ 32,615
Explanation:
Gross salary $ 41,595
Adjustments (subtractions) to income $ 7,000
Standard deduction $ 12,000
<u>Itemized deductions $ 14,350</u>
<u>Itemized Deductions are considered because they are higher than standard deductions.</u>
Taxable income $ 20,245
Add business income $ 12,000
Interest earnings $ 255
Dividend income $ 115
Total Taxable income $ 32,615
Answer:
Option (B) is correct.
Explanation:
Unit of account:
There are some functions of money or we can say that characterstics of money:
(a) Medium of exchange
(b) Store of value
(c) Unit of account
(d) Standard of deferred payments
Sea shells are precious items but one cannot properly split divide those sea shells into small denominations like money does. Money is easily storable, people use as a medium of exchange and unit of account.
By unit of account we mean that we can easily measure the value of goods and service and many things in monetary terms but we cannot measure in terms of sea shells.
That's why sea shells unfit to act as money today.
Answer:
$ 120.60
Explanation:
25 glasses * $ 5/ glass = 125 dollars gross income
income - expense = profit
125 - 4.40 = 120.60 profit
<span>According to the Affordable Care Act new health insurance marketplaces are established by the Patient Protection Act. This Act was put in place to let patients compare different health insurance companies and benefits to determine what is best for them. The benefits are dependent on how many people or an individual needs coverage and what type of coverage they are wanting to have. </span>
