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Tamiku [17]
3 years ago
11

In 2019, Maia (who files as a head of household) reported regular taxable income of $116,300. She itemized her deductions, among

them deductions of $8,130 in charitable contributions and $3,130 in state income taxes. What is Maia’s alternative minimum taxable income?
Business
2 answers:
7nadin3 [17]3 years ago
8 0

Answer:

Maia’s alternative minimum taxable income is: =$119430

Explanation:

Given:

  • Regular taxable income of $116,300
  • Deductions of $8,130
  • State income taxes $3,130

From that, we can find out the taxable income

= Regular taxable income + State income taxes

= $116,300 + $3,130

=$119430

Because the deduction spent on charitable contributions will not consider as taxable income because charitable contribution is a deductible amount from a person's taxable income.

So, Maia’s alternative minimum taxable income is: =$119430

umka21 [38]3 years ago
7 0

Answer:

Explanation:

GIVEN THE FOLLOWING ;

Regular taxable income = $116,300

Itemized deduction = $8,130( charitable contribution)

State income taxes = $3,130

In the alternative minimum taxable income, certain Itemized deductions which aren't a part of the regular taxable income are added back to the taxable income. the Alternative Minimum Tax exemption for individual filers is $71,700 while married joint filers figure is $111,700.

However, Alternative Minimum Tax deduction for charitable contribution is the same for regard income tax.

Alternative Minimum Tax income = $116,300 + $3,130 = $119,430

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As a job analyst, after completing the job analysis, it can be understood that it was a skills-based analysis.

In a skill-based job analysis, the person's skills are measured and put to the test. For example, here, it can be seen that the job requires the employees to have good knowledge of the menu, interpersonal skills, and customer service skills. Conducting an analysis based on these factors will result in an employee who is well-skilled in these fields. As a job analyst, the major area of focus is the skills the employee has for the job.

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3 0
1 year ago
​Brad's gross pay for the month is $ 6 comma 400. His deduction for federal income tax is based on a rate of 22​%. He has no vol
Lera25 [3.4K]

Answer:

$4,502

Explanation:

​Brad's gross pay for the month is $6,400. His deduction for federal income tax is based on a rate of 22​%.

Brad's net​ pay if we assume a FICAlong - OASDI Tax of 6.2​% and FICAlong -Medicare Tax of 1.45​%. will be:

His gross pay for the month less all the statutory deductions

$6400 - [(0.22 x 6400) + (0.062 x 6400) + (0.0145 x 6400)] = $4,502

3 0
3 years ago
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3 years ago
The interest on the projected benefit obligation component of pension expense:__
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Answer:

Option b (reflects..................settled) is the right response.

Explanation:

  • The estimated beneficiary obligation was indeed unwounded by that of the identification of inflation rates through an investment that raises something both PBO reserve as well as the retirement expenditure between each duration.
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Any other option is not connected to that case. That's the right choice.

4 0
2 years ago
You purchased an annual interest coupon bond one year ago that had six years remaining to maturity at that time. The coupon inte
Marat540 [252]

Answer:

The correct answer to the following question will be "8%".

Explanation:

The given values are:

Number of years of maturity = 5 years

Interest rate of coupon = 10%

                           = 10%×1000

                           = 100

Yield to maturity, YTM = 8%

As we know,

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒                     = \frac{100\times (1-(1+8 \ percent^{-5}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{5}}

⇒                     = 1079.85

After 1 years, we get

Price of Bond = PV of Coupons + PV of Per Value

On putting the values in the above formula, we get

⇒                     = \frac{100\times (1-(1+8 \ percent^{-4}))}{8 \ percent} +\frac{1000}{1+8 \ percent^{4}}

⇒                     = 1066.24

Now,

The total return rate = \frac{(1066.24-1079.85+100)}{1079.85}

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                                   = 8 \ percent

7 0
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