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
AleksAgata [21]
2 years ago
13

Camille Sikorski was divorced in 2017. She currently provides a home for her 15-year-old daughter Kaly. Kaly lived in Camille’s

home for the entire year, and Camille paid for all the costs of maintaining the home. She received a salary of $50,000 and contributed $4,000 of it to a qualified retirement account (a for AGI deduction). She also received $5,000 of alimony from her former husband (per divorce decree issued in 2017). Finally, Camille paid $15,100 of expenditures that qualified as itemized deductions. c. Assume the original facts but now suppose Camille’s daughter, Kaly, is 25 years old and a full-time student. Kaly’s gross income for the year was $5,100. Kaly provided $3,060 of her own support, and Camille provided $5,100 of support. What is Camille’s taxable income?
Business
1 answer:
Rudik [331]2 years ago
4 0

Answer:

Camille’s taxable income is $34 900.

Explanation:

Gross income(50 000+5 000)                  55000

For AGI deduction                                     (4000)

ADJUSTED GROSS INCOME                    51 000

itemized Deduction                                    15 100

Taxable income(51000-15100)                   34 900

Therefore, Camille’s taxable income is $34 900.

You might be interested in
What is add sugar and starts with s and has 7 letters thanks if you answer!
saw5 [17]
Oh, my god look at a back. well done
8 0
3 years ago
suppose that due to unfavorable growing conditions, this year’s global coffee crop was unusually small. what can we assume about
nekit [7.7K]

The short-run price elasticity of demand will be inelastic and the short-run price elasticity of supply will be inelastic.

Elasticity of demand measures the relationship that exists between price and quantity demanded.

Elasticity of supply measures how quantity supplied changes when there is a change in the price of a good.

<u><em>Types of elasticity.</em></u>

  1. Elastic demand (supply): This means that demand (supply) is sensitive to price changes
  2. Inelastic demand (supply): this means that demand (supply) does not respond to price changes. The coefficient of elasticity is less than one.
  3. Unit elastic demand (supply): demand (supply) changes in equal proportion. The coefficient of elasticity is equal to one.

<em><u>Factors that affect elasticity </u></em>

  1. The number of substitutes the good has: the more substitutes the good has, the more elastic demand is.  
  2. The length of time: demand (supply) is inelastic in the short run. In the short run, producers (consumers) do not have enough time to find suitable substitutes.  In the long run, producers would have more time to search for suitable substitutes or shift to the production of other goods when compared with the short-run.
  3. Ease of entry or exit into an industry: the more easy it is for firms to enter into an industry, the more elastic supply would be.  

To learn more about elasticity of demand, please check:

7 0
2 years ago
You have no health insurance and you are unemployed. where can you go in your state, county, or city for medical services?
Gemiola [76]
<span>It is not important to always have a health insurance or to be employed in order to see the doctor.

There are many free clinics and Medicaids in many different cities and states, which could help people to avail medical treatment at considerably cheaper prices.

In case, the person is unemployed, they can also avail food stamps for a period of time from the clinics after completing the necessary formalities.

The Free clinics and Medicaids can be searched for on the websites and an online appointment can also be booked.</span>
3 0
3 years ago
What is digital citizenship?
lesya [120]
Digital citizenship<span> can be defined as the norms of appropriate, responsible behavior with regard to technology use. 1. </span>Digital<span> Access: full electronic participation in society. Technology users need to be aware that not everyone has the same opportunities when it comes to technology.</span>
4 0
3 years ago
In 2014 the average cost of a four year college is $26,017. How much is a four year college expected to cost in 2034 based on 7%
Oksana_A [137]

Answer:

i think the answer is $27,350

Explanation:

i hope it help

6 0
3 years ago
Other questions:
  • Identify the BEST description of the Balanced​ Scorecard's customer perspective. To achieve our​ firm's vision and​ strategy: A.
    6·1 answer
  • Create a memo. The memo should include all parts of a memo and these parts should appear in the correct order. In your memo, giv
    12·2 answers
  • Most people report higher levels of personal satisfaction by giving of their time rather than giving money to a charity
    15·1 answer
  • • Explain the process of copying and pasting from one picture to another one.
    14·2 answers
  • Luis is going to receive $20,000 six years from now. Soo Lee is going to receive $20,000 nine years from now. Which one of the f
    14·1 answer
  • Suppose there are five goods in the economy, A-E. The current-year quantity of each is 10A, 20B, 30C, 40D, and 50E. Current-year
    11·1 answer
  • Why is it better to underestimate your income instead of overestimating when creating a budget?
    15·1 answer
  • List a professional example for voicemail
    10·2 answers
  • If the united states government raises the income taxes on the wealthiest americans, while increasing welfare payments to the po
    10·1 answer
  • it is ideal for key management slots to be filled from outside . a. in turnaround and rapid-growth situations b. when problems w
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!