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S_A_V [24]
3 years ago
9

In 2019, Sheryl is claimed as a dependent on her parents' tax return. Sheryl did not provide more than half her own support. Wha

t is Sheryl's tax liability for the year in each of the following alternative circumstances? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates, Estates and Trusts for reference
Business
1 answer:
yan [13]3 years ago
7 0

Answer:

Total tax ( Sheryl ) = $802

Explanation:

Tax status of Sheryl = Single

The rates to be used are

  • Tax rate = 10%  for single taxpayers with income between $0 through $9700
  • Tax for income from estates that is between $2600 through $9300 will be $260 + 24% of excess over $2600

kiddie tax is applicable on earned income above $2200 ( defined by IRS )

attached below is a  detailed table

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4 years ago
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Second-Stage Allocation [LO7-4]
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Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Activity cost pools:

Direct labor $ 10 per direct labor-hour

Machine processing $ 3 per machine-hour

Machine setups $ 45 per setup

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Total Expected Activity K425:

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Total Expected Activity M67:

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Direct labor-hours 50

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Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH K425= 1,075*10 + 3*2,400 + 45*13 + 150*13 + 115*26 + 750= $24,225

Allocate MOH M67= 10*50 + 3*40 + 45*1 + 150*1 + 115*1= $930

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3 years ago
The West European buyers who purchase and resell Entrée Specialités’ food products in their home countries are in the _____ busi
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Answer:

The correct answer is letter "A": importing.

Explanation:

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The Department of Labor’s Occupational Outlook Handbook is relatively expensive and not available for use by the general public.
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Robert G. Flanders Jr., the state-appointed receiver for Central Falls, RI, said his city's declaration of bankruptcy had proved
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False

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Missing question: <em>The ability to declare bankruptcy increased the disagreement value of the city during negotiation with the unions</em>

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