1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
almond37 [142]
3 years ago
10

Terri, age 16, is a dependent of her parents in 2020. During the year, Terri earned $5,000 in interest income and $3,000 from pa

rt-time jobs. a. What is Terri's taxable income? b. How much of Terri's income is taxed at her rate? c. How much is taxed at her parent's rate?
Business
1 answer:
aleksandrvk [35]3 years ago
6 0

Answer:

A. $4,650

B. $1,750

C. $2,900

Explanation:

A. Calculation to determine Terri's taxable income

TAXABLE INCOME

Earned income $3,000

Add Unearned income $5,000

Gross income & AGI $8,000

($3,000+$5,000)

Less: Standard deduction ($3,350)

(Greater of either $3,000 or $1,050 income earned +$350)

Taxable income $4,650

($8,000-$3,350)

Therefore Terri's taxable income is $4,650

b. Calculation to determine How much of Terri's income is taxed at her rate

TAXED AT TERRI'S RATE​

Taxable income $4,650

($8,000-$3,350)

Less: amount taxed at parents' rate ($2,900)

($5,000-$2,100)

Taxed at Terri's rate​ $1,750

Therefore The amount of Terri's income that is taxed at her rate is $1,750

c. Calculation to determine How much is taxed at her parent's rate

TAXED AT PARENTS' RATE:

Net unearned income=$5,000-$2,100

Net unearned income= $2,900

($5,000-$2,100)

Therefore The amount of Terri's income that is taxed at her parent's rate is $2,900

You might be interested in
Why is the feedback loop important? Multiple Choice It looks at what is working and what could be different to maximize efficien
nydimaria [60]

Answer:

The answer is: It monitors progress so that corrective action can take place.

Explanation:

A positive feedback loop takes place when the company pays attention and listens to its employees' complaints or problems. Then it uses that feedback to improve workplace satisfaction and/or structural problems within the organization.

The goal is to increase workplace satisfaction, and as a result increase the employees' efficiency, increasing the organization's profits.

5 0
3 years ago
_____ is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to co
Arturiano [62]

Breaking bulk is the breaking down of large shipments of similar merchandise into smaller, more usable quantities that can be sold to consumers and end users

<h3>What is breaking bulk?</h3>

Breaking bulk can be regarded as the process involving delivering single units  to retail outlets,, this is different from delivering using alot of units.

Therefore,  breaking bulk involves distribution of goods and merchandise from the distribution centers using segments rather bulk.

learn more about  breaking bulk  at :brainly.com/question/25537936

#SPJ1

3 0
2 years ago
Which of the following was the first emission control device?
grigory [225]

Answer:

The answer is <u>A. The Muffler</u>

Explanation:

The first muffler for cars was designed in 1897.

The function of the car muffler is to slow down the speed of movement of the exhaust gases, which helps to smooth the movements of the engine, reduce the temperature of the gases and reduce the emissions of substances that are harmful to the environment.

6 0
3 years ago
Tim Urban, owner/manager of Urban's Motor Court in Key West, is considering outsourcing the daily room cleanup for his motel to
nlexa [21]

Answer:

Based on the given information related to costs for each of the options, the crossover point for Tim = <u>6,000</u> room nights (round your response to the nearest whole number). If the number of room nights is less than the crossover point, then <u>OUTSOURCING (Duffy's Maid Service)</u> is the best option available to Tim. Based on the given room nights that Tim expects to rent (18, 250), the best option is to keep doing the service <u>INSOURCING (doing it himself)</u>.

Explanation:

Currently, before outsourcing, Tim's total cost = $228,125 + $61,000 = $289,125. On average, he spends $15.84247 per room.

The Duffy's Maid Service offer would represent a total cost of $337,625 + $25,000 = $362,625 for the same occupation level.

the crossover point for Tim:

12.5x + 61,000 = 18.5x + 25,000

36,000 = 6x

x = 6,000 room nights

(6,000 x 12.50) + 61,000 = (6,000 x 18.50) + 25,000 = $136,000

7 0
3 years ago
The inventory turnover measures:
pashok25 [27]

Answer:

The average number of times inventory is sold during the period.

Explanation:

Inventory turnover by definition is the relationship between inventories and the cost of goods sold by a firm. It measures on average, how many times the inventory was restocked and sold in the operating period.

A higher number usually suggests a healthier operation cycle for a business.

It is measured by,

Inventory turnover = Cost of goods sold / Average inventory

Option 1 and Option 3 are related to the performance of accounts receivables. Option 3 is the closest to above mentioned definition. Option 4 is only measuring the inventory clearance time.

Hope that helps.

7 0
3 years ago
Other questions:
  • A personnel manager is concerned about absenteeism. She decides to sample employee records to determine if absenteeism is distri
    9·1 answer
  • One of the BEST methods for ensuring that a negotiation proceeds along substantive lines is to frame the discussion around:
    7·1 answer
  • The likelihood of a risk event occurring during the implementation of a project goes up as the project progresses. The cost impa
    13·1 answer
  • ABC, Inc. produces a product that has a variable cost of $2.50 per unit. The company's fixed costs are $30,000. The product is s
    11·1 answer
  • Hau Lee​ Furniture, Inc., spends 45​% of its sales dollars in the supply chain and finds its current profit of ​$35,000 inadequa
    10·1 answer
  • When funds are borrowed to pay for construction of assets that qualify for capitalization of interest, the excess funds not need
    13·1 answer
  • Ayayai Inc. had the following balance sheet at December 31, 2019.
    7·1 answer
  • Need answers in 6 minutes ASAP plz
    8·1 answer
  • Sally is buying a home and the closing date is set for april 20th. the annual property taxes are $1234.00 and have not been paid
    9·1 answer
  • which number is potentially the largest? a. the number of shares certified. b. the number of shares authorized. c. the number of
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!