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Mama L [17]
3 years ago
6

Don (67) and Carol (66) are married and file a joint return. Their gross income (including 1/2 of their social security) for 201

8 was $43,860. Up to ___ of their social security benefits may be taxable.
a. 100%
b. 85%
c. 50%
d. 0%
Business
1 answer:
grigory [225]3 years ago
7 0

Answer:

c. 50%

Explanation:

According to the Internal revenue service, if the joint return is filled with the income below $32,000 then no tax liability would arise

But if the income lies in between $32,000 to $44,000, 50% of the benefits is taxable and if the income exceeds to $44,000, 85% of the benefits are taxable  

Since in the question, the combined income is $43,860 that is below $44,000 so only 50% of heir social security benefits are taxable

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Match the statements below with the appropriate terms by entering the appropriate letter code in the spaces provided. Terms:A. P
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Answer:

Explanation:

1. Prepaid Expenses: In this transaction, the collection is made in advance so it will be come under prepaid expenses

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6. Accrued Revenues:  As the revenue is earned but not yet collected or recorded so, it will be treated as an accrued revenues

7. Accrued Expenses: As the interest expenses are incurred but not yet paid or recorded so, it will be treated as outstanding expenses

8 0
3 years ago
A product ________ is a group of products linked through usage, customer profile, price points, and distribution channels.
S_A_V [24]

 A product <u>Line</u> is a group of products linked through usage, profile, price points, customer and distribution channels.

The correct fill in the blank to this question is product line.

A group of products linked through usage, customer profile, price points, and distribution channels is known as a<u> Product line</u>. The products are identical and focus on the same market . Their function or channel distribution might be similar. Possibly their physical attributes, prices, quality, or type of customers are the same. We call this sort of activity as product lining.

Product line is basically a group of related products all marketed under a single brand name that is sold by the same company. Companies sell multiple product lines under their various brand names, the basic purpose is to distinguish them from each other for better usability for consumers.

Product line pricing involves the separation of goods and services into cost price categories in order to create different perceived quality levels in the minds of consumers.

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You can learn more about product line at

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6 0
1 year ago
You have entered an intersection where you want to turn, but you are not in the proper lane. You should
Lemur [1.5K]
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5 0
3 years ago
Read 2 more answers
A department begins the month with 100 units at a cost of $7,500 and 25% complete in goods in process. An additional 1,000 units
Whitepunk [10]

Answer:

Closing work in progress using FIFO is $1,282.

Explanation:

Working are attached:

Download docx
3 0
3 years ago
"The risk‐free interest rate on one‐year debt is 7 percent and the return on the market is expected to be 13 percent. A stock wi
galina1969 [7]

Answer:

Price be at the end of the year = $17.13

Explanation:

Using the capital asset pricing model we have,

E(R) = R{_f} + \beta (R{_m} - R{_f})

Where E(R) = Expected return on investment

R[tex]{_f}[tex] = Risk free rate of return = 7%

[tex]\beta[tex] = 1.2

[tex]R{_m}[tex] = Return on the market

Here we have

E(R) = 7% + 1.2(13 - 7)%

= 0.07 + 0.072 = 0.142

= 14.2%

Therefore price of share at year end = $15 + 14.2% = $17.13

That is current cost + expected return on this investment = $17.13

6 0
3 years ago
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