Answer:
$0
Explanation:
Tax payers can elect to use either standard deduction or itemized deduction to reduce their taxable income, for them to pay least amount of tax on their taxable income. Standard deduction is calculated and given in accordance with the provision of the tax law while itemized deduction is a list of items that the tax payer has incurred and expecting to except from tax, examples of this includes donation to charities and interest paid on mortgage.
Taxpayers normally elect the higher of standard deduction and itemized deduction to reduce their tax liability to the lowest.
In the case of Buddy Slaton, electing for itemized deduction of contributing to church($3,000) will save her no tax since the standard deduction is greater ($,5450).
In the context of european colonization, portugal controlled mozambique and Angola.
A oligopoly consists of a few independent firms
Answer:
Explanation:
Calculation of dividend amount for the preferred shareholders
Preferred Dividend =Per value of share * Dividend rate * Number of years
=88,000*5 * 10% * 2\
=$88,000
Thus cash dividend paid to common shareholder is $88,000
Calculations of cash dividend amount for common shareholder
Common share dividend= $165,000 - $88,000
=$77,000
Thus cash dividend paid to common shareholder is $77,000