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murzikaleks [220]
4 years ago
8

This year Jack intends to file a married-joint return. Jack received $167,500 of salary and paid $5,000 of interest on loans use

d to pay qualified tuition costs for his dependent daughter, Deb. This year Jack has also paid moving expenses of $4,300 and $28,300 of alimony to his ex-wife, Diane, who divorced him in 2012.b. Suppose that Jack also reported income of $8,800 from a half share of profits from a partnership. Disregard any potential self-employment taxes on this income.What AGI would Jack report under these circumstances?

Business
1 answer:
Valentin [98]4 years ago
6 0

Answer:

AGI = $141,925

Explanation:

Please see attachment.

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How does an investment from investors in a corporation<br> work?
butalik [34]
You buy part of the share in a company say google or apple and so u put some money in to the share and u could earn money or loose only the amount u put in if the company u invest in looses a lot of money your technology not hurt because the money u put in could double or just disappear.
8 0
4 years ago
Comans Corporation has two production departments, Milling and Customizing. The company uses a job-order costing system and comp
omeli [17]

Answer:

c. $3,379

Explanation:

<em>Calculate the Product Costs first as follows:</em>

Direct Materials :

Milling                                                                                          $ 450

Customizing                                                                                 $ 190

Direct Labor :

Milling                                                                                          $ 580

Customizing                                                                                $ 570

Variable Overheads :

Variable manufacturing overhead : Milling ($ 1.30 ×70)              $ 91

Variable manufacturing overhead : Customizing ($ 5.00×60) $300

Fixed Overheads :

Milling ( $ 153,400/ 26,000 × 70)                                                $413

Customizing ( $ 18,500/5,000 × 60)                                           $222

Total Cost                                                                                    $2,816

<em>To find Selling Price add a 20% Mark -up on Cost</em>

Total Cost               $2,816.00

Add Mark-up 20%    $563.20

Selling Price           $3,379.20

7 0
3 years ago
Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000 if he agrees to forfeit all o
Ipatiy [6.2K]

Answer:

Release

Explanation:

A release is defined as a legal document that is drafted by the released, and terminates any legal legal liability that exists between release and the released.

The release is required to sign the document to make it binding.

Releases are compromise between the plaintiff and defendant that aims to terminate litigation.

In this scenario Francisca collides with Wyatt's car. Francisca writes Wyatt a letter offering to pay Wyatt $10,000. This is a release and if it is signed by Wyatt, releases Francisca of financial obligations.

8 0
4 years ago
Determining Unit Costs, Variance Analysis, and Interpretation Big Dog Company, a manufacturer of dog food, produces its product
ELEN [110]

Answer:

I'm figuring this out for you!

Explanation:

7 0
4 years ago
Analyzing Finance Workers' Qualities, Skills, and Abilities.
spayn [35]
A, B, D, E are correct.
3 0
3 years ago
Read 2 more answers
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