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VashaNatasha [74]
2 years ago
11

1. Which of the following people is/are legally required to file a tax return?

Business
1 answer:
mr_godi [17]2 years ago
4 0

These people are legally required to file tax return.

Greg, who can be claimed as a dependent and earned $12,650 last year.

Erin, who cannot be claimed as a dependent and earned $14,000 last year.

<h3>What is tax return?</h3>

Tax return is a form that is filled by tax payer which contain income, expenses or tax information .

This enable the tax payer to calculate their tax liability, tac expenses or schedule.

Those that can required to file tax return are ;

  • A single person Under 65 of ageand income of $12,550
  • 65 or older with income $14,250
  • Married filing jointly Under 65 (both spouses) $25,100
  • 65 or older (one spouse) with income $26,450
  • 65 or older (both spouses) with income of $27,800
  • Married filing separately Any age $5
  • Head of household Under 65 with income of $18,800
  • 65 or older with income $20,500
  • Qualifying widow(er) Under 65 with income of $25,100.
  • 65 or older.

Therefore,

These people are legally required to file tax return.

  • Greg, who can be claimed as a dependent and earned $12,650 last year.
  • Erin, who cannot be claimed as a dependent and earned $14,000 last year.

For more details on tax return check the link below.

https://brainly.com/question/28504589.

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Because only young adults were sampled, undercoverage bias may cause the newspaper to overestimate the proportion of all adults who have college debts.

<h3><u>What is bias in sampling?</u></h3>

When a sample is chosen in statistics, sampling bias is a bias that causes some individuals of the target population to have a lower or greater sampling probability than others. As a result, not every person or event was equally likely to have been chosen, resulting in a biased sample of a population (or non-human variables).

If this is not taken into consideration, results may be incorrectly attributed to the sampling procedure rather than the phenomenon being studied. Although some people identify sampling bias as a distinct sort of prejudice, sampling bias is typically categorized as a subtype of selection bias, sometimes referred to as sample selection bias.

Learn more about sampling bias with the help of the given link:

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7 0
1 year ago
Jamison Company uses the reciprocal services method to allocate support department costs and has gathered the following informat
Daniel [21]

Answer:

a)J = 450,000 +(20% * C)

b)C =250000+ (50%*J )

c)J = 450000 + {20%* [250000+(50%*J)}

Explanation:

a)J = 450,000 +(20% * C)

This represent the total cost of Janitorial Department due to the fact that 450000 is a direct cost of janitorial department plus 20% of total cost of Cafeteria department allocated to Janitorial department.

b)C =250,000+ (50%*J )

This represent the total cost of cafeteria Department due to the fact that 250,000 is a direct cost of cafeteria department plus 50% of total cost of Janitorial department allocated to cafeteria department.

c)

Substituting the value of C determined in part b in part a

J = 450,000 + {20%* [250,000+(50%*J)}

Therefore in place of C in equation 1 ,the value of c determined in equation 2 is thereby substituted .

4 0
3 years ago
All of the following statements related to recording warranty expense are true except: Multiple Choice Recording estimated warra
wel

Answer:

<em>Warranty expense should be recorded in the period when the warranty service is performed.</em>

Explanation:

When the product is sold, a product guarantee liability and warranty cost should be reported if it is possible that consumers may make claims under the warranty and the amount can be calculated.

Those two provisions are part of the Financial Accounting Standards Statement No. 5 of the FASB, Accounting for Contingencies.

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3 years ago
The best supplier will depend on the type of business. Explain how a business that specializes in supplying plumbers would have
IgorLugansk [536]

Answer:

the $$$ of the different thing will play a big part

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3 years ago
Halka Company is a no-growth firm. Its sales fluctuate seasonally, causing total assets to vary from $345,000 to $410,000, but f
mihalych1998 [28]

Answer:

$345,000

Explanation:

Since Halka Company uses a maturity matching approach, it must match its short term working capital with its short term debts, and its long term working capital with its long term debts. Halka's assets should be compensated with a corresponding debt instrument of similar maturity.

Since Halka's assets vary form $345,000 to $410,000, its long term debt plus equity should match at least $345,000.

3 0
3 years ago
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