Answer:
The answer is below
Explanation:
a)
Gross income = Marc salary + Michelle salary + corporate bond interest = $69200 + $13950 + $1150 = $84300
AGI deductions = contribution + alimony = $3150 + $2150 = $5300
Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Let us assume married filing jointly = $24000
Itemized deductions = $7300
Greater of married filing jointly and Itemized deductions = married filing jointly = $24000
personal and dependency exemptions = $4050 per person
Therefore personal and dependency exemptions for Marc, Michelle and their child = 3 * $4050 = $12150
total amount of Marc and Michelle's deductions from AGI = Greater of married filing jointly and Itemized deductions + personal and dependency exemptions = $24000 + $12150 = $36150
b) Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Answer:
specialty store
Explanation:
Based on the scenario being described within the question it can be said that for this you would most likely choose a specialty store. This refers to a retail business that focuses on very unique and specific product categories, in which everything revolves around that category. This category may be unique but offer a wide variety of product offering within it.
The Income Statement is a financial statement that reports the revenues, expenses, and net income or loss that resulted from a firm’s operations over an accounting period.
<u>Explanation:</u>
The Income Statement is one of the company’s center financial reports that confers their gain and loss over a remarkable time. The gain or loss is circumscribed by practicing all revenues and deducting all liabilities from both working and non-operating exercises.
The income statement is a vital element of a company’s execution reports that need to be yielded to the Securities and Exchange Commission (SEC). An income statement presents worthy insights into a company’s operations, the performance of its management, underperforming areas and its production applicable to industry rivals.
The date,
signature
rules.
Answer:
the investment's coefficient of variation is 1.25.
Explanation:
The coefficient of variation relates the units of return to the units of risk. It expresses the unit of risk per 1% of return as follows :
<em>Coefficient of Variation = Standard Deviation ÷ Return</em>
Therefore,
Coefficient of Variation = 10 ÷ 8
= 1.25
