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3 years ago

Jasmine (29) is filing as a single taxpayer. In 2019, she received income from the following sources:

Business

1 answer:

lianna [129]3 years ago

3 0

Answer:

$38,720

Explanation:

From the given information:

Using Schedule 1 (Form 1040), Additional Income & Adjustment to Income.

The taxable income can be determined as follows:

Particulars Form Amount($)

Wages (Form 1040, Line 1) 36,000

Add: Unemployed Income Schedule 1, Line 7 4,320

<u>Add: Gambling winning Schedule 1, Line 8 500</u>

Total Income $40,820

<u>Less: Student loan Interest Schedule 1, Line 20 2,100</u>

Taxable income $38,720

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Answer:

556.6 or 557 units

Explanation:

Given that,

Digby's sales forecast for Dixie = 506 units

Digby wants to have an extra units on hand above and beyond their forecast = 10%

Production units = Sales × (1 + Reserve Percentage)

= 506 × (1 + 10%)

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3 years ago

Henry bakes loaves of bread, which he sells for $4 each. He is considering purchasing additional mixers (capital) for his bakery

babunello [35]

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Hewitt and Patel are partners, sharing gains and losses equally. They decide to terminate their partnership. Prior to realizatio

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Answer:

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Explanation:

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