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klasskru [66]
3 years ago
14

Assume that Chris and Heather get married in 2019 and file a joint return. What is their taxable income and income tax

Business
1 answer:
konstantin123 [22]3 years ago
4 0

Question Completion:

Chris and Heather are engaged and plan to get married. Chris is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and reports $83,600 in wages.

Answer:

Chris and Heather

Taxable income and income tax (jointly):

Gross income               $92,100  

Standard deduction      24,000

Taxable income           $68,100  

Income tax                   $14,982

Explanation:

Chris' income = $8,500

Healther's wage= $83,600

Gross income =   $92,100

Standard deduction (jointly) = $24,000

Income tax rate = 22%

Income tax (jointly) = 22% of $68,100 = $14,982

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A dometic firm may decide to contract for the production of its goods by established foreign manufacturer. Such pricate-label ma
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Answer:

Contract manufacturing.

Explanation:

A domestic firm may decide to contract for the production of its goods by established foreign manufacturer. Such private-label manufacturing by a foreign company is called contract manufacturing.

Contract manufacturing involves the process of outsourcing a company's manufacturing business, such that a foreign company engages in the production of a private-label product which are then primarily marketed or distributed by a domestic company under its own brand name.

This ultimately implies that, it is a manufacturing process which involves the production of goods by a company under the brand name of another company.

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3 years ago
How does context influence your communication? Consider the language and culture people grew up with, and the role these play in
Lelu [443]

Answer and explanation:

<em>Language </em>and <em>culture </em>affect directly in people's communication. Somebody who grew up in the jungle surrounded by its people is likely to have an open way of communicating with others since that individual has grown up within a society that is in great part his or her family. On the other hand, someone who is raised in a metropolis is likely to be more careful while communicating with others since that person is more exposed to different people with different cultures that react differently to situations.

5 0
3 years ago
Electro Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending finished g
Korolek [52]

Answer:

\left[\begin{array}{ccc}-&Q2&Q3\\Sales&327,000&221,000\\Ending&132,600&153,600\\Beginning&196,200&132,600\\Production&263,400&242,000\\\end{array}\right]

Explanation:

Ending: 60% of nex quearter

q3 221,000 x 60% = 132,600 ending of q2 (therefore beginning of q3

q4  256,000 x 60% = 153,600 ending of q3

begining of q2 is ending of q1 196,200

Production:

sales + desired ending inventory - beginning units

3 0
3 years ago
The Delphi technique is a useful way to gather opinions from experts who
netineya [11]

Answer:

The answer is option B) The Delphi technique is a useful way to gather opinions from experts who desire anonymity.

Explanation:

The Delphi method seeks to collate opinions from a diverse set of experts, and it can be done without having to bring everyone together for a physical meeting.

Since the responses of the participants are anonymous, individual panelists don't have to worry about the consequences of their opinions.

Consensus takes time since opinions are carefully analyzed, making the method very effective.

It is an exclusive process used to arrive at a group opinion or decision by surveying a panel of experts.

Experts respond to several rounds of questionnaires, and the responses are aggregated and shared with the group after each round.

The experts can adjust their answer each round, based on how they interpret the group response provided to them to assess.

The ultimate result is meant to be a true consensus of what the group thinks whilst retaining the anonymity of the respondents.

5 0
3 years ago
Read 2 more answers
If the same number of units of good Y must be given up as each successive unit of good X is produced, then the PPF for these two
andrey2020 [161]

Answer:

PPF : Downward Sloping Straight Line

Explanation:

PPF is the locus of product combinations that an economy can produce, given resources & technology.

It is downward sloping : Because of inverse relationship between two goods- if one has to be increased other has to be decreased , because of same resources & technology.

Marginal Opportunity Cost (Slope of PPC): is ratio of a good sacrifised to gain each additional unit of the other good.

∆ Good sacrifised / ∆ Good gained

If this ratio is same i.e constant amount of a good is sacrifised to gain an additional amount of the other one , the slope of PPC is constant & it is a straight line

Eg : Good1    Good2     MOC [∆Good2/∆Good1]

      0               20             _        

      10             10           -10/10 = -1                  (10-20)/(10-0)

       20              0           -10/10 = -1                   (0-10)(/20-10)

So , same (1) good 2 is sacrifised to attain a good 1 each time.

However Generally: MOC is increasing , because of assumption that resources are unequally efficient in various goods production - shifting good from efficient to inefficient increases sacrifise each time. This makes PPC usually concave.

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