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
Deffense [45]
3 years ago
13

Sandy is a single taxpayer who collected Social Security benefits of $22,000. The Social Security benefits were her only income

for the tax year. What is the amount of taxes she will owe when she files her income tax return
Business
1 answer:
butalik [34]3 years ago
8 0

Answer: $0

Explanation:

A tax is a levy that's being paid to the government which is basically used to improve the economy and provide necessary infrastructural facilities.

Once an individual has an income that's less than $25,000, social security won't be taxed. In this scenario, Sandy has an income of $22000, therefore she won't be taxed.

You might be interested in
The ____________ position has more room than the ____________ position, so larger substituents are more stable in the equatorial
Sphinxa [80]
The answer to this question is Equatorial;Axial
The equatorial position refers to the positon that take place around the center of the plane, meanwhile, axial position refers to the postion that take place on a certain degree relative to the equatorial position. Axial position will always be more flexible and stable since it does not have to necessarily located in middle
4 0
3 years ago
Bill Darby started Darby Company on January 1, Year 1. The company experienced the following events during its first year of ope
Anettt [7]

Answer:

Darby Company

The amount of interest payable at December 31, Year 1 is:

$76.67

Explanation:

a) Data and Calculations:

Cash Revenue = $1,300

Bank Note Payable = $2,300

Interest rate on Bank Note = 10%

Issue date of bank note = September 1, Year 1

Term of bank note = 1 year

Amount of interest payable on December 31, Year 1:

= $2,300 * 10% * 4/12 = $76.67

b) The amount of interest payable on the loan totals $230 ($2,300 * 10%).  However for Year 1, the interest payable is reduced to 4 months (September 1 to December 31, Year 1), amounting to $76.67.  This implies that the remaining interest ($153.33) will be payable in the period between January 1 and August 31 in Year 2.  In accordance with the accrual and matching principles of generally accepted accounting principles, interest expense must be accrued to the period when the expense is incurred and matched to the revenue it has generated.

4 0
3 years ago
What causes unemployment post-keynesianism?
Harlamova29_29 [7]

Answer:

<u>involuntary employment</u>

<u>Explanation:</u>

The Post-Keynesianism view is that effective demand is the main determinant of economic performance.

Thus, Keynesianism states that in an economy where there is a significant reduction in demand, it will affect the labor market which further leads to lower wages.

For example, an airline that has 100 workers is experiencing a sharp decline in demand (of flight bookings) because of a government lockdown may decide to cut down their staff capacity ad a result. leading to <u>involuntary employment.</u>

4 0
3 years ago
Sue, a resident of the state of New York, is visiting her aunt in Iowa. On her way, her car is hit by Jerry, a resident of the s
IRINA_888 [86]

Answer:

D) Sue can sue Jerry and bring the case to Iowa federal court as this is a case that involves diversity of citizenship.

Explanation:

Diversity of citizenship means that the parties involved in a lawsuit are citizens of different states (within the US) or are citizens of different countries. If a company is involved in a lawsuit, its citizenship is defined as where the company was incorporated or where does it carry its normal business operations.

In this case since Sue is a citizen of the state of New York and Jerry is a citizen of the state of Iowa (diversity of citizenship applies), Sue can choose to sue Jerry in a federal court since the citizens of two different states are involved.

3 0
3 years ago
The Wheat Company has used the LIFO method for inventory valuation since the start of business 15 years ago. The current year en
yulyashka [42]

Answer:

Explanation:

Question 27

If Wheat Company had used the FIFO inventory method, income before income taxes would have been $75,000 higher in the current year. As inventory is an asset to the company. Therefore the $75,000 in inventory would have increased the company's asset and increasing the income before taxes.

Question 28

Other things held constant, which of the following will NOT affect the current ratio, assuming an initial Not yet current ratio greater than 1.0?

C. Accounts receivable are collected in cash.

Current ratio measures a company's ability to pay short-term obligations as at when due. It indicates that a company can manage its debts and other payable when their current assets is well managed.

It is calculated as Current Asset/ Current Liability. A ratio of 1 and above is the best meaning that a company an manage its debts obligations well.

3 0
3 years ago
Read 2 more answers
Other questions:
  • 2 forests and their resources what are the costs and benefits of deforestation?
    11·1 answer
  • ) If the real interest rate is positive, then a unit of future consumption can be had for the sacrifice of less than one unit of
    6·1 answer
  • Ella had been using an imported brand of shampoo for several years, but she could no longer find it anywhere. As she was conside
    12·1 answer
  • Determine how each scenario will impact either supply or demand in the given market.
    13·1 answer
  • A copy machine is available 24 hours a day. On a typical day, the machine produces 169 jobs. Each job takes about 5 minutes on t
    13·1 answer
  • A multi-domestic corporate-level strategy is one in which:
    14·1 answer
  • A bottling company uses two inputs to produce bottles of the soft drink​ Sludge: bottling machines​ (K) and workers​ (L). The is
    5·1 answer
  • Match each description 1 through 6 with the characteristic of preferred stock that it best describes by writing the letter of th
    14·1 answer
  • Stephanie Robbins is attempting to perform an inventory analysis on one of her most popular products. Annual demand for this pro
    10·1 answer
  • A bond issued by the state of Alabama is priced to yield 6.40%. If you are in the 30% tax bracket, this bond would provide you w
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!