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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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Are scholarships included in gross income
GarryVolchara [31]

Answer:

Generally, you report any portion of a scholarship, a fellowship grant, or other grant that you must include in gross income as follows: If filing Form 1040 (PDF), include the taxable portion in the total amount reported on the "Wages, salaries, tips" line of your tax return

7 0
3 years ago
The listing and selling brokers agree to split a 7% commission fifty-fifty on a $387,600 sale. The listing broker gives the list
Alexeev081 [22]

Answer:

4,748.1

Explanation:

the commission will be obtain by multiplying the commison fee rate by thje alue of the real state:

sales x commision fee

387,600 x 7% = 27,132‬

Now this is split 50%

27,132 / 2 = 13,566‬

We now thatthe selling broker gives 35% of his commision

sales fee:

65% salesperson

35% selling person

So the selling licensee will earn:

13,566/0.35 = 4,748.1

6 0
2 years ago
In which type of market structure might we see firms attempting to collude with one another to set prices?
V125BC [204]

In a cartel type of market structure might we see firms attempting to collude with one another to set prices.

Due to a large number of companies, the market share held by each player is small and cannot affect the product price. Therefore, an agreement between companies is not possible. Moreover, exclusive competition thrives on innovation and diversity. A duopoly occurs when two companies dominate the market for a particular product or service.

Collusion occurs when market structure oligopolistic firms make joint decisions and act as if they were a single firm. Collusion requires explicit or implicit agreements between cooperating firms to limit production and achieve monopoly prices.

Learn more about market structure at

brainly.com/question/1192016

#SPJ4

7 0
2 years ago
You are evaluating two different silicon wafer milling machines. The Techron I costs $234,000, has a three-year life, and has pr
avanturin [10]

T-1:

Table-1 vide annex

Applying EAC formula

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c: equivalent annuity cash flow

NPV: Net present value

r: rate per period

n: number of periods

we have

c = \frac{0.1*(-246155.15)}{(1-(1+0.1)^{-3} )}

c = $ - 98 982,63

T-2

Table-2 vide annex

Applying EAC formula

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c = \frac{r(NPV)}{(1-(1+r)^{-n} )}

c: equivalent annuity cash flow

NPV: Net present value

r: rate per period

n: number of periods

we have

c = \frac{0.1*(-369644.05)}{(1-(1+0.01)^{-5} )}

c = - $ 97 511.17

7 0
3 years ago
Organizing the second level of the work breakdown structure by major design components facilitates rolling wave planning. true f
motikmotik

Organizing the second level of the work breakdown structure by major design components facilitates rolling wave planning ---- False

What is Work breakdown structure  explain?

A work breakdown structure (WBS) is a project management tool that takes a step-by-step approach to complete large projects with several moving pieces. By breaking down the project into smaller components, a WBS can integrate scope, cost and deliverables into a single tool

What is the role of WBS in project management?

WBS helps to allocate tasks. When a project is broken down into manageable tasks or packages, it becomes a very easier to assign these to the suitable  individual. This helps your team plan around other work that needs to be completed outside of the project in question. WBS improves communication.

Learn more about work breakdown structure :

brainly.com/question/28313623

#SPJ4

7 0
2 years ago
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