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ella [17]
3 years ago
8

Diego, age 28, married Dolores, age 27, in 2018. Their salaries for the year amounted to $47,230 and they had interest income of

$3,500. Diego and Dolores' deductions for adjusted gross income amounted to $2,000; their itemized deductions were $16,000, and they have no dependents.
Table for the standard deduction

Filing Status 2018 Standard Deduction
Single $ 12,000
Married, filing jointly 24,000
Married, filing separately 12,000
Head of household 18,000
Qualifying widow(er) 24,000
Adjusted Gross Income 48730

Standard deduction of 24000

Taxable income is 24730

What is their tax liability?
Business
1 answer:
horrorfan [7]3 years ago
3 0

Answer:

$2,587

Explanation:

The computation of the tax liability is shown below:

In the case of the married couples, the range of taxable income up to $19,050 would be charged a tax rate is 10%. Above $19,050 till $77,400, the tax rate is levied for 12%.

Since the taxable income is $24,730

So, the tax liability would be

= $19,050 × 10% + ($24,730 - $19,050) × 12%

= $1,905 + $681.60

= $2,587

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Answer:

Cash budget.

Explanation:

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A cash budget can be defined as a budget consisting of expected cash receipts or estimation of the cash flows and planned disbursements to pay bills, for a business over a specific period of time.

In Financial accounting, a cash budget is typically used to determine whether a business firm has sufficient funds for its smooth operations and evaluate if cash are being spent judiciously or productively. A cash budget comprises of financial items such as costs incurred or expenses paid, revenues generated, payments and loan receipts collected.

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3 years ago
If equilibrium is achieved in a competitive market the deadweight loss will equal the sum of consumer surplus and producer surpl
marysya [2.9K]

Answer:

there is no deadweight loss.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

Hence, if equilibrium is achieved in a competitive market then, there is no deadweight loss i.e a loss of economic efficiency due to a lack of balance in competing economical influences for goods or services.

4 0
3 years ago
5. What is the real rate of interest for an account that offers a 12% nominal rate of return when the rate of inflation is 6% an
Gelneren [198K]

Answer:

Real interest rate= 0.06 = 6%

Explanation:

Giving the following information:

Nominal interest rate= 12%

Inflation rate= 6%

<u>The inflation rate provides the opposite effect on the interest rate. It decreases the purchasing power of an individual. </u>To calculate the real interest rate, we need to deduct the inflation rate.

Real interest rate= 0.12 - 0.06= 0.06

8 0
3 years ago
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svp [43]

Answer:

how to create value for customers ???

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The American Marketing Association, the official organization for academic and  professional marketers, defines marketing as:

"Marketing is the process of planning and executing the conception,

pricing, promotion and distribution of ideas, goods and services to create

exchanges that satisfy individual and organizational objectives "

Marking is all about Understanding What Customers Value  and how to provide it to them.

6 0
3 years ago
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Which of the following is a way to recognize potentially disruptive innovations?
TEA [102]

Answer:

B. Seeking the opinions of venture capitalists, research academics, and passionate internal engineering staff.

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Seeking the opinions of venture capitalists, research academics, and passionate internal engineering staff is a way to recognize potentially disruptive innovations.

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