The taxable income will Ramon show in 2021 is $89,000
What is taxable income?
The taxable income of a taxpayer means the income upon which tax would be charged in the tax year, it is determined as the adjusted gross income minus the itemized deductions of the taxpayer.
The itemized deductions means those amounts due to legal pronouncements, which have been exempted from taxes, which means , they need to be deducted from the taxpayer gross earnings before tax computation.
It is the tax authority way of providing succor to taxpayers by granting certain exemptions.
Taxable income=adjusted gross income- itemized deductions
Taxable income=$98,000-$9000
taxable income=$89,000
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Answer:
The monthly payment n the motorcycle will be for 158.75 dollars
Explanation:
We need to solve for the PMT of an ordinary annuity:
PV 8,400 (loan)
time 60 months
rate 0.004216667 (5.06% annual divide into 12 months)
C $ 158.749
Answer:
A. socialist elements in the US Economy
Explanation:
Socialism is shared costs and shared resources. While the US economy is not socialistic, it does have elements of socialism through certain government programs.
Answer:
$ 532
Explanation:
<em>C= cost per person
</em>
<em>N= number of people
</em>
<em>TC= total cost
</em>
<em>
</em>
TC= ( 46 * N ) - ( N * ( N - 1 ) )
C= <u>( 46 * N ) - ( N * ( N - 1 ) )</u>
N
TC = ( 46*19 ) - ( 19 * ( 19-1 ) )
TC = ( 874 ) - ( 19 * 18 )
TC = 532
<u>Total Cost for 19 people</u> : $ 532
N° $
1 46
2 44
3 42
4 40
5 38
6 36
7 34
8 32
9 30
10 28
11 26
12 24
13 22
14 20
15 18
16 16
17 14
18 12
19 <u> 10
</u>
<em><u>Total: 532
</u></em>
They create obligations normally applied to government agencies
