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guapka [62]
3 years ago
5

During 2021, Jasmine, a self-employed individual, paid the following amounts: State income tax $2,400 State sales taxes 2,950 St

ate occupational license fee 450 Personal property tax on value of automobile 400 What amount can Jasmine claim as taxes in itemizing deductions from AGI
Business
1 answer:
dsp733 years ago
8 0

Answer:

3350

Explanation:

Since state sales tax is larger than state income you will lose that and add your personal property tax of 400 to your deduction.

2950+400= 3350

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Drag each term to the correct location on the table.
navik [9.2K]

Answer:

Creating a Good Résumé

Dos

1. using underlined text to  denote section headings

3. listing work experience  chronologically

6. listing technical competencies

Don’ts

2. including marital status

4. using different bullet styles

5. making the résumé lengthy

Explanation:

A good resume is a document that gives a brief summary of a job applicant's personal and professional experiences, skills, and education history.  It is used in addition to a cover letter to show off your best self to potential employers. Important sections of a good resume include contact information, summary or objective, work experience, and education history.

4 0
3 years ago
Selected account balances from the adjusted trial balance for Olinda Corporation as of its calendar year-end December 31 follow.
Alexandra [31]

Answer:

2a) 330,500

2b) 132,200

2c) 198,300

Explanation:

Loss from operating a discontinued segment (pretax) 18,750

Correction of overstatement of prior year’s sales (pretax) 16,500

Gain on sale of discontinued segment’s assets (pretax) 36,500

3 0
4 years ago
The Osborne Company manufactures products in two​ departments:
8090 [49]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Estimated overhead costs for the year are $ 810,000​, and estimated direct labor hours are 360,000.

The company incurred 20,000 direct labor hours.

First, we need to calculate the estimated overhead rate:

To calculate the estimated manufacturing overhead rate we need to use the following formula:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 810,000/360,000= $2.25 per direct labor hour

Now, we can allocate overhead based on actual direct labor hours:

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 2.25*20,000= $45,000

5 0
3 years ago
The management of Wyoming Corporation is considering the purchase of a new machine costing $375,000. The company's desired rate
podryga [215]

Answer:

it would be easier if you enter these into a tabular format, so you can then do the calc on excel or copy and paste here for ppl to see it clearly. The presentation of business information is important for the intended audience

Explanation:

6 0
3 years ago
Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2018: Common Stock (par $8; outstanding, 3
Illusion [34]

Answer:

A)

common stock dividends   9,600  // 0.32 EPS

preferred stock dividends  4,800 //0.8 EPS

B)

preferred stock dividends 14,400  // 2.4 EPS

C)

common stock dividends   51,600  // 1.72 EPS

preferred stock dividends  14,400 // 2.4 EPS

Explanation:

preferred stock 6,000 shares x $10 each x 8% = 4,800

If noncumulative then:

14,400 - 4,800 = 9,600 for common stock

EPS:

4,800 / 6,000 = 0.8 PS

9,600 / 30,000 = 0.32 CS

if cumulative:

4,800 x 3 years (2016 // 2017 and the current year 2018) = 14,400

EPS

14,400 / 6,000 = 2.4 PS

if dividends are 66,000 rather than 14,400

66,000 - 14,400 = 51,600

EPs 51,600 / 30,000 = 1.72

4 0
3 years ago
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