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3 years ago

Imari Brown arrived at the following tax information:

Business

1 answer:

elena-14-01-66 [18.8K]3 years ago

4 0

Answer:

Total Taxable income $ 32,615

Explanation:

Gross salary $ 41,595

Adjustments (subtractions) to income $ 7,000

Standard deduction $ 12,000

Itemized deductions $ 14,350

Itemized Deductions are considered because they are higher than standard deductions.

Taxable income $ 20,245

Add business income $ 12,000

Interest earnings $ 255

Dividend income $ 115

Total Taxable income $ 32,615

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Answer:

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3 years ago

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Answer:

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Direct labor= $78,000

Overhead= $19,500

Explanation:

Giving the following information:

Direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase.

The following inventory levels apply to 2019:

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Finished goods inventory 300 units 500 units

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Direct labor= 12*6,500= $78,000

Overhead= 3*6,500= $19,500

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3 years ago