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mote1985 [20]
3 years ago
12

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

<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

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<span>Grassroots politics is a political campaigns works the way it uses face to face communications by citizens to gain interest and momentum.</span>
5 0
3 years ago
What should an adjustment letter focus on?a. Explaining the resolution to the problem b. Preventing a recurrence of the problem
ivanzaharov [21]

Answer:

The correct answers are letters "A", "B", and "C":  Explaining the resolution to the problem; Preventing a recurrence of the problem; Communicating compliance.

Explanation:

Adjustment letters are communications with legal nature from companies to customers who filed a claim. The main purpose of the letter is to politely <em>inform the client that the claim was received, what steps were taken to analyze the situation, what is the final resolution after the study </em>and <em>what will be done as a result</em>. The ultimate goal of the adjustment letter is to <em>keep a good relationship with the customer so they can continue doing business</em>.

8 0
3 years ago
Identify any significant changes that your organization might reasonably make in its product offerings in the next 3 years. Expl
frutty [35]

Answer:

1- Change the advertising image of the brand. Every year trends change and therefore adjustments must be made so that the products adapt to the modern.

2- Market study to know if the products are advancing according to the project according to the participation of the square.

3- In the market study, the prices must also be reviewed, which must be consistent with the competition

4- Discounts could be offered on the products, to attract new customers.

The competitive advantages of performing these actions is that the products and in the consumer's mind will always be updated.

8 0
3 years ago
Crane Company issues $310,000, 20-year, 7% bonds at 102. Prepare the journal entry to record the sale of these bonds on June 1,
Volgvan

Answer:

The Journal entry is as follows:

On June 1, 2022

Cash A/c                        Dr. $316,200

To Bonds payable A/c                              $310,000  

To Premium on Bonds Payable A/c         $6,200

(To record the sale of these bonds on June 1, 2022)

Workings:

cash = $310,000 × (102 ÷ 100)

        = $310,000 × 1.02

        = $316,200

Premium on Bonds Payable = $316,200 - $310,000

                                               = $6,200

8 0
3 years ago
Read 2 more answers
The following information pertains to Nova Co.'s cost-volume-profit relationships:
vitfil [10]

Answer: $150

Explanation:

Breakeven point in units sold = 2,000

Variable expenses per unit = 500

Total fixed expenses = $150,000

The break even in units is calculated as:

= Fixed Cost / Contribution per Unit

Therefore,

1000 = 150000/ Contribution per unit

Contribution per Unit will now be:

= 150000 / 1000

= 150

It should be noted that after the break even point, every unit sold will lead to an increase in the contribution per unit to the net operating income. Therefore, the amount that'll be contributed to net operating income by the 2,001st unit sold is $150.

4 0
3 years ago
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