1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
S_A_V [24]
2 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]2 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

You might be interested in
Marvin loves chocolate truffles. as the price of a chocolate truffle increases from $1 to $2 to $3, marvin continues to buy a do
viktelen [127]
Increasing at the moment. After a few weeks, when the price becomes unreasonable, I doubt Marvin would want to buy chocolate truffles.

I hope you found this helpful! :)
4 0
3 years ago
Which of the items is most likely to be a complement to coffee?
mestny [16]

Answer:

creamer

Explanation:

Complement Goods:

Are goods that do not compite to each other. At the contrary, if a higher quantity is demanded of one good, a higer demand will ocur n the other as well. And if the demand from one of them decrease, the demand of the complement also decrease.

Give n two products X and Y A consumer will be more like to purchase Y as units X are accumulated.

From the list the only good that fits in this definition is the creamer

8 0
2 years ago
ABC Company sells 300 machines for $5000 each in the current year. Each machine carries a one-year warranty. Experience from the
const2013 [10]

Answer:

the journal entry to record warranty expense is:

Dr Warranty expense 30,000

    Cr Warranty liability 30,000

the journal entry to record actual expenses related to product warranties:

Dr Warranty liability 10,000

    Cr Cash (or inventory, or wages payable) 10,000

Depending on what type of costs are incurred by the company, the account credited will vary, e.g. if units are replaced, then inventory must be credited, or if units are repaired and only labor is used, then wages payable or cash should be credited. Since the question doesn't give us a lot of details, I credited cash.

7 0
2 years ago
What was a part of the emerging social, political, and economic philosophies that characterized the first hundred days of Frankl
Anastaziya [24]

Answer:

"Try something and if it doesn't work, admit it and try something else."

Explanation:

When I took US Government, my teacher always emphasized that FDR was probably the best American President, and things like this really show why he admired him so much. Can you imagine those words coming out of the mouth of a modern politician?

Many people like to compare President Obama's first term with FDR's first term, but I believe that Obama had it easier. Not because the recession wasn't bad, but because it was fresh and new. President Bush's handling of the crisis was disastrous, but they messed up only for about one year. When FDR took office, the depression had been around for several years, so the negative effects were much greater.

When FDR took office the country was ravaged and nobody was sure that the new policies would work or not, or even what policies they should have implemented. That is why they engaged in a trial and error type of strategy where several options were explored to try to see what could work and what couldn't.

8 0
3 years ago
Find the final amount of money in an account if $ 8 , 000 is deposited at 5 % interest compounded semi-annually and the money is
Vika [28.1K]

Answer: $12477.27

Explanation:

The formula to find the compound amount after t years (compounded semiannually) :-

A=P(1+\dfrac{r}{2})^{2t}

Given : Principal amount : P = $ 8,000

Rate of interest : r=0.05

Time : 9 years

Now, A=8000(1+\dfrac{0.05}{2})^{2\times9}

A=8000(1+0.025)^{18}=12477.2697417\approx\$12477.27

The final amount in the account will be $12477.27

5 0
3 years ago
Other questions:
  • . Janet, the manager of HollyOak Systems, is known for her passionate and people-friendly ways. Janet knows all her employees we
    6·1 answer
  • According to the concept of comparative advantage, a good should be produced in that nation where A. its domestic opportunity co
    13·1 answer
  • Ecolap Inc. (ECL) recently paid a $1.26 dividend. The dividend is expected to grow at a 20.16 percent rate. At a current stock p
    9·1 answer
  • Keesha Co. borrows $275,000 cash on December 1 of the current year by signing a 180-day, 9%, $275,000 note.
    12·1 answer
  • Suddeth Corporation has entered into a 6 year lease for a building it will use as a warehouse. The annual payment under the leas
    15·1 answer
  • Henri Fayol and his14-principles of management, was a major contributor to which of the following classical approaches: Group of
    8·1 answer
  • Flemington Farms is evaluating an extra dividend versus a share repurchase. In either case, $10,000 would be spent. Current earn
    9·1 answer
  • In your own words, what is a franchise?
    14·1 answer
  • A moment of truth occurs when employees and ________ have contact. Group of answer choices Skill Customer Product Place
    7·1 answer
  • How should you follow up an interview? What
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!