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oee [108]
3 years ago
15

Matt and Meg Comer are married and file a joint tax return. They do not have any children. Matt works as a history professor at

a local university and earns a salary of $64,200. Meg works part-time at the same university. She earns $33,500 a year. The couple does not itemize deductions. Other than salary, the Comers’ only other source of income is from the disposition of various capital assets (mostly stocks). (Use the tax rate schedules,Dividends and Capital Gains Tax Rates.) (Round your final answers to the nearest whole dollar amount.)
Required:
What is the Comers’ tax liability for 2019 if they report the following capital gains and losses for the year?

Short-term capital gains $1,500
Short-term capital losses 0
Long-term capital gains 13,200
Long-term capital losses 10,100
Business
1 answer:
Advocard [28]3 years ago
6 0

Answer:

$8,588

Explanation:

income tax brackets 2019

tax rate         income

10%       $0 to $19,400

12%       $19,401 to $78,950

total ordinary income = $64,200 + $33,500 + $1,500 = $99,200

taxable ordinary income = $99,200 - $24,400 = $74,800

tax liability = ($19,400 x 10%) + ($55,400 x 12%) = $1,940 + $6,648 = $8,588

long term capital gains = $13,200 - $10,100 = $3,100

since their total taxable income is below $78,750, their long term capital gains tax rate is 0.

total tax liability = $8,588

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You are thinking of investing in Wave Runnerz, Inc. You have only the following information on the firm at year-end 2013: net in
tatuchka [14]

Answer:

8.28%

Explanation:

Given that,

Net income = $10 million

Total debt = $65 million

Debt ratio = 35 percent

Debt ratio = Total debt ÷ Total assets

35 percent = $65 million ÷ Total assets

Total assets = $65 million ÷ 35 percent

                     = $185,714,286

Wave Runnerz's ROE for 2018:

= Net income ÷ Equity

= $10,000,000 ÷ (Total assets - Debt)

= $10,000,000 ÷ ($185,714,286 - $65,000,000)

=  $10,000,000 ÷ $120,714,286

= 0.0828 or 8.28%

6 0
3 years ago
The organized effort of individuals to produce and sell, for a profit, the products and services that satisfy society's needs th
forsale [732]

The answer business. This is made up of association of people where they share a common purpose or interest in having to focus the talents that they have and to be able to organize these skills and offer this for their own benefit.

3 0
3 years ago
Write a SOP for the procedure you identified as one that would be helpful for effective communication as a monitor?
Klio2033 [76]

A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity.

<h3>What is Standard Operating Procedures?</h3>

A standard operating procedure exists as a set of written instructions that represents the step-by-step process that must be endured to properly complete a routine activity. A standard operating procedure exists as a set of step-by-step instructions collected by an organization to assist workers to carry out routine operations. SOPs desire to accomplish efficiency, quality output, and uniformity of performance, while decreasing miscommunication and defeat to comply with industry regulations.

SOPs can also be used as a part of a personnel training schedule, hence they should support complicated work instructions. When historical data are being assessed for current usage, SOPs can be advantageous for reconstructing project movements.

Additionally, SOPs exist commonly used as checklists by inspectors when auditing systems. Finally, the benefits of a valid SOP stand minimized work effort, together with enhanced data comparability, credibility, and legal defensibility. SOPs exist necessary even when published procedures are being administered because cited published techniques may not contain appropriate data for conducting the procedure in-house.

To learn more about Standard Operating Procedures refer to:

brainly.com/question/27217435

#SPJ9

8 0
2 years ago
Process costing would be most likely used by a A. salsa company. B. soft drink manufacturer. C. cereal company. D. all of the ab
Lana71 [14]

Answer:

All of the above would use process costing.

Explanation:

Process costing can be defined as a method of assigning manufacturing costs whereby the cost of each unit produced is assumed to be the same cost for every unit.

Process costing is most commonly applied when goods are produced in large numbers and when the costs linked to individual units cannot be easily differentiated from each other.

Under process costing, costs rise over a fixed period of time, and are then assigned to all the units produced throughout that period.

4 0
3 years ago
Providing and seeking support from others during times of stress best illustrates
emmainna [20.7K]

Answer:

The tend and befriend response

Explanation:

The word "tend" refers to care and look after someone while "befriend" refers to becoming friends with someone.

The tend and befriend response refers to a form of behavior in response to a threat. When under immense stress, an individual adopts a fight or flight response which is getting extremely aggressive in order to fight the situation or flees i.e tries and runs away from the situation.

The tend and befriend response has been observed to be more prominent in case of females. So when subjected to immense stress, it was observed that females spent a lot more time "tending" to their off springs which appeared vulnerable to them, serving as a mode to reduce stress while at the same time, also forming friendly bonds to seek support from others.

8 0
3 years ago
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