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Maksim231197 [3]
3 years ago
12

LO 1.3 Jason and Mary are married taxpayers in 2018. They are both under age 65 and in good health. For 2018 they have a total o

f $41,000 in wages and $700 in interest income. Jason and Mary’s deductions for adjusted gross income amount to $5,000 and their itemized deductions equal $14,000. They have two children, ages 32 and 28, that are married and provide support for themselves. What is the amount of Jason and Mary's adjusted gross income?
Business
1 answer:
Nataliya [291]3 years ago
4 0

Answer: $36,700

Explanation:

Given that,

Wages = $41,000

Interest income = $700

Jason and Mary’s deductions = $5,000

Itemized deductions = $14,000

Adjusted gross income = Wages + Interest income - Jason and Mary’s deductions

                                       = $41,000 + $700 - $5,000

                                       = $36,700

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The agency problem wherein ownership and control of a corporation are separate is associated with:_______
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Answer: The shareholder model of corporate governance

Explanation:

The agency problem is typically a conflict of interest in a relationship whereby a party is expected to act in the best interest of the other party. It should be noted that in corporate finance, the agency problem is a conflict of interest that takes place between the management of the company and the stockholders.

The agency problem wherein ownership and control of a corporation are separate is associated with the shareholder model of corporate governance.

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3 years ago
List your personal and professional goals and create an individual career plan. Your plan should have specific milestones and ac
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Here, we define a career development plan template and outline five steps to easily and efficiently make an individual development plan for yourself.

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2 years ago
Read the paragraph. preparation is the key to success when hiking. hikers must research weather conditions and wear appropriate
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The answer is <span>A. to develop the central idea of hiking preparedness</span>
7 0
3 years ago
Read 2 more answers
Asset distribution analysis provides a better understanding of how the community functions and how it addresses the public healt
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Answer:

False

Explanation:

Based on the information provided within the question it can be said that this statement is False. The term that actually provides a better understanding of this is Community Needs Assessment: Purpose, since the main goal of the community needs assessment is to meet the needs of children, youth, and families by identifying the strengths and resources available in the community.

6 0
3 years ago
How long will it take for a $4000 investment to grow to $6000 at an annual rate of 15%, compounded monthly? Assume that no withd
Inessa05 [86]

Answer:

It will take 2.72 years and 32.64 months.

Explanation:

Future value is the sum of principal amount and compounded interest amount invested on a specific rate for a specific period of time.

Use following formula to calculate the time period.

FV = PV x ( 1+ r )^n

FV = Future value = $6,000

PV = Present Value =  $4,000

r = rate of interest = 15% yearly = 15% / 12 = 1.25%

n = time period = ?

$6,000 = $4,000 x ( 1 + 1.25% )^n

$6,000 = $4,000 x ( 1.0125 )^n

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6 0
3 years ago
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