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HACTEHA [7]
3 years ago
7

Ramon, a single taxpayer with no dependents, has adjusted gross income for 2019 of $98,000 and his itemized deductions total $19

,000. What taxable income will Ramon show in 2019
Business
1 answer:
hammer [34]3 years ago
8 0

Answer:

$79,000

Explanation:

The computation of the taxable income is shown below:

Taxable income = Adjusted gross income for 2019 - his itemized total deductions

= $98,000 - $19,000

= $79,000

The Ramon is not given any personal exemption because from the year 2018 to the year 2025, no personal exemption is allowed as new tax rules are implemented.

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Linwood Johnson has a check for $1395.50 in a check for 876 callers and $.25 he also has $10 in one dollar bills he would like t
Anvisha [2.4K]

Answer:

$1806.75 is the deposit

Explanation:

Add 1395.50, 876.25, and 10 together. Then from that amount subtract 475 then there is your answer

8 0
3 years ago
The Tucker family has health insurance coverage that pays 80 percent of out-of-hospital expenses after a deductible of $1,000 pe
nekit [7.7K]

The amount that the insurance company will pay is $960.

<h3>What is insurance?</h3>

.It should be noted that insurance simply means a way that's used to manage risk.

The amount after deduction will be:

= $2200 - $1000

= $1200

The amount that the company will pay:

= 80% × $1200

= $960

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6 0
2 years ago
The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 t
bonufazy [111]

The price of a camera decreases from $200 to $180, and in response to the price change the quantity demanded increases from 60 to 70 units. Therefore, demand for cameras in this price range is inelastic.

An economic word known as "inelasticity" describes an item or service's unchanging quantity when its price varies. When prices rise, consumers' purchasing patterns essentially stay the same, and when prices fall, those same purchasing patterns still hold true. This is known as inelastic demand. When an item or service's quantity remains constant when its price increases, it is said to be "inelastic. "When a good or service's price increases or decreases, consumers' purchasing patterns essentially stay the same. The same is true when the price of the good or service decreases. The demand for an item or service that is totally inelastic would not fluctuate regardless of price; however, no such good or service exists. Elastic contrasts with inelastic.

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7 0
1 year ago
Consider Frank’s decision to go to college. If he goes to college, he will spend $21,000 on tuition, $1,800 on books, and $11,
alex41 [277]

Answer:

b. $42,600

Explanation:

First, we calculate the total cost of college:

21000+1800+11000=33800

Now, we calculate the net income she would receive, if she didn't go to the college:

16000-7200=8800

Finally, the opportunity cost of going to college is the result of adding the total cost of college plus the net income that she would receive if she works instead of going to college.

33800+8800=42600

7 0
3 years ago
When you seek to define an issue, you should try to frame it in positive terms.
Blizzard [7]

Answer:

you mad or nahhhhhhhhh ahhhhhhhhh bum.

Explanation:

4 0
3 years ago
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