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igor_vitrenko [27]
3 years ago
12

Alice Copper has wages of $120,000 and dividend income from a mutual fund of $5,000. She has allowable itemized deductions of $9

,000. Alice is a single person with no dependents. What is the amount of Alice's Taxable Income
Business
1 answer:
Alexeev081 [22]3 years ago
4 0

Answer:

$112,600

Explanation:

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

Wages $120,000

Add Dividend Income $5,000

Adjusted Gross Income $125,000

($120,000+$5,000)

Less Standard Deduction(Single and no dependents) ($12,400)

Taxable Income $112,600

($125,000-$12,400)

Therefore the amount of Alice's Taxable Income will be $112,600

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Answer:

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For this instance marginal revenue is equal to marginal cost.

Marginal revenue= Marginal cost= $39

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