Write the formula for calculating taxable income.

Mathematics

1 answer:

Harlamova29_29 [7]3 years ago

8 0

Answer:

taxable income = adjusted income - (deductions + Allowances/Exemptions)

Step-by-step explanation:

Taxable income is the type of income on which a person has to pay tax to the government. Taxable Income is calculated by subtracting the deductions and exemptions from the adjustable income.

With deductions you can either have itemized deductions or standard deductions.

Standard deduction consist of deductions like if a couple is married then they will have the deductions and if there are dependents of a person then he will have a standard deduction.

Itemized deductions consist of mortgages values, medical expenses, charity works etc.

This will help us to find the value of our taxable income

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15. For each of the following, write the probability as the intersection of two events. Then, indicate whether the two events ar

LuckyWell [14K]

Answer:

Step-by-step explanation:

a. The probability of selecting a 6 from the first draw and a 7 on the second draw when two balls are selected without replacement from a container with 10 balls numbered 1 to 10

Not independent because without replacement

Prob for both = $\frac{1}{10} \frac{1}{9} \\=\frac{1}{90}$

b. The probability of selecting a 6 on the first draw and a 7 on the second draw when two balls are selected with replacement from a container with 10 balls numbered 1 to 10

Here independent because with replacement makes probability independent.

Prob for both = P(A) *P(B) = $\frac{1}{10} *\frac{1}{10} \\=\frac{1}{100}$ d

c. The probability that two people selected at random in a shopping mall on a very busy Saturday both have a birthday in the month of June. Assume that all 365 birthdays are equally

likely, and ignore the possibility of a February 29 leap-year birthday.

Here independent because one person birthday will not affect the other person birthday

Prob for both = $(\frac{30}{365})^2\\ =\frac{25}{5329}$