That they are considering opening up a shoe store. Sorry if wrong
Answer:
$24,400
Explanation:
Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.
The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.
Answer:
Net operating income= $159,900
Explanation:
Giving the following information:
Sales revenue= $21.00
Variable costs= $8.00
Fixed costs 13,000
<u>For 13,300 units</u>:
Sales= 21*13,300= 279,300
Total variable costs= 8*13,300= (106,400)
Total contribution margin= 172,900
Fixed costs= (13,000)
Net operating income= 159,900
Answer:
savings
Explanation:
Savings are part of income kept aside to be used in the future. Savings can be done in lump sum or phases. The amounts saved maybe some specified or unspecified purposes. One reason why saving is encouraged is to create a fund for use in times of emergency.
The general rule is that individuals or households should have at least three times their monthly expenditure as savings. The funds should be in a safe and accessible place, such as a bank account. Financial planners will always insist on creating a fund for use when the unexpected happens.
