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Allisa [31]
3 years ago
13

Robbie is a 20 year old dependent who is a full time student. Robbie has $6,800 in income from wages and $6,000 of interest inco

me from bonds inherited from his grandmother. What is the amount of Robbie's Taxable Income
Business
1 answer:
Andreas93 [3]3 years ago
8 0

Answer:

$5,650

Explanation:

Calculation for What is the amount of Robbie's Taxable Income

Wages $6,800

Add Interest Income $6,000

= Adjusted Gross Income $12,800

($6,800+$6,000)

Less Standard Deduction ($7,150)

Taxable Income $5,650

($12,800-$7,150)

Therefore the amount of Robbie's Taxable Income is $5,650

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All the combinations of goods and services that can be produced if all of society's resources are used efficiently are represent
kondaur [170]

Answer:

C. Production Possibility frontier

Explanation:

The production possibility frontier (PPF) is a graph that shows what levels of output of two goods can be produced using available resources and technology.

Just individuals can not have everything they want and must make choices between different goods, society as a whole also can't have everything it might want either. This PPF depicts constraints faced between the resources

6 0
3 years ago
Farmer Corp. owned 20,000 shares of Eaton Corp. purchased in 2009 for $300,000. On December 15, 2012, Farmer declared a property
Evgen [1.6K]

Answer:

Debited to Retained Earnings of $500,000.

Explanation:

At the time of declaration of the dividend, the journal entry is recorded which is shown below:

Retained earning A/c Dr  $500,000

             To Dividend payable  A/c $500,000

(Being cash dividend declared)

On the declaration date, the dividend amount is recorded. So while recording we debited the retained earning account and credited the dividend payable account

All other information which is given is not relevant. Hence, ignored it

3 0
3 years ago
A firm that has a database containing consumer purchasing histories that uses the information to create market segments is using
Effectus [21]

Answer:

4. Usage

Explanation:

Market Segmentation refers to segregation of markets into different sectors or sections wherein each sector comprises of buyers with similar traits or patterns.

Market Segmentation of can be done on the basis of location or area which is termed as Geographical, on the basis of age composition or population, which is termed as Demographical, on the basis of perception and psychic of buyers which is termed as Psychographic, on the basis of their buying pattern and usage, which is termed as Behavioral.

The given information corresponds to Behavioral segmentation or usage based segmentation.

5 0
4 years ago
The employees of Lucid Laboratories are paid every two weeks on Friday for a Monday though Friday work week. Total payroll is $
insens350 [35]

Answer:

                                                    Debit                             Credit

Wages expenses                    $17,500

Wages receivable                      $7,500

Wages payable                                                             $25,000

Explanation: The end of the current month falls on the second Tuesday of the pay period means, on the 7th day, the end of the month was Tuesday instead of the expected 10th workday and a Friday. In this instance, it means the employees of Lucid Laboratories had only worked for 7 days, then a wages expense of 7/10 days x $25,000 ($17,500) would be recorded with the balance being a wage receivable (since the employees are expected to work for the remaining work days in the next month). The total amount would then be recorded as a payable.

Next month, when it is a first Friday and is time to make payment, the company will record the following entries:

                                                  Debit                             Credit

Wages payable                      $25,000

Cash                                                                              $25,000

Wages expense                       $7,500

Wages receivable                                                           $7,500

5 0
3 years ago
Due dates is the final date an assignment will be accepted. Plan ahead to ensure should you face difficulty with the assignment
Hatshy [7]

Answer:

<u>a. True</u>

Explanation:

The opposite action of planning ahead is procrastination; a major set back to meeting due dates. To Plan ahead one needs personal discipline by addressing assignments on time.

In Summary do the following:

  1. Plan ahead,
  2. Organize your work,
  3. Get to work,
  4. Stay focused
  5. Be balanced (by taking a break when you know it is necessary)

8 0
4 years ago
Read 2 more answers
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