Part of question :
What is the total amount of Marc and Michelle's deductions from AGI?
Answer and Explanation:
Let's assume Marc and Michelle are filing a joint tax return.
Total salaries from Marc and Michelle = $69200+$13950 = $ 83150
interest on corporate bonds which is taxable = $1150
total income = $ 83150+$1150= $84300
deductions include:
The IRA contribution =$ 3150
The alimony to ex wife= $ 2150
Total deduction = $ 5300
Agreegate income= $ 84300-$5300=$79000
Marc and Michelle have options to choose standard deduction of $24000 from AGI or itemised deduction of 2% of AGI=$1580
From here, it is better to take the standard deduction option as it reduces taxable income
Therefore taxable income =$79000-$24000=$55000
Total deduction=$24000
Answer:B
Explanation:
If you don't know what you want you can't do anything else
Answer:
Required rate of return is 6.97%
Explanation:
The required rate of return can be ascertained from the price formula below when the subject of the formula is changed to rate of return instead of stock price:
Stock price =dividend/required rate of return
stock price is $80.40
required rate of return is unknown
the dividend on the preferred stock is $5.60
required rate of return=dividend/stock price
required rate of return =$5.60/$80.40=6.97%
The required rate of return based on the stock price and dividend information provided is 6.97%
75 cents because $15 divided by 20 = 75 cents
Answer: 64.47%
Explanation:
Units produced in October = 17470
Units production in the most efficient way = 27,100
Therefore, the capacity utilization rate in October for the factory will be:
= Units produced in October / Units production in the most efficient way
= 17470 / 27100
= 0.6447
= 64.47%
The capacity utilization rate in October for this factory is 64.47%.
