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statuscvo [17]
2 years ago
7

Joseph (43) and Azalea (44) are married with no dependents. They will file separate returns for 2020. Joseph files his return fi

rst and claims total itemized deductions of $22,500. If Azalea chooses to claim the standard deduction on her return, what is the maximum amount she may claim
Business
1 answer:
Nataly [62]2 years ago
7 0

Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.

In filing, a married couples who are filling separate returns should claim the same deduction.

  • If one of them claimed an Itemized deduction, then, the other should claim the same for the expenses paid separately.
  • If one of them claimed a itemized deduction then, the other would get a standard Deduction of Zero.

In conclusion, Since Azalea chooses to claim the standard deduction on her return,then, the maximum amount she may claim is $0.

Read more about standard deduction

<em>brainly.com/question/13757943</em>

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When recording inflow and outflow of cash flow statements it is important to
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Answer: Cash inflows include the transfer of funds to a company from another party as a result of core operations, investments or financing. Such cash inflows include payments to the company by customers and banks and the contribution of equity by investors who purchase the company’s stock or partial ownership in a company.

Cash outflows include the transfer of funds by a company to another party. Such cash outflows include payments to business partners including employees, suppliers or creditors. Cash outflows also occur when long-term assets are acquired, investments are purchased, or settlements and expenses are paid.

7 0
3 years ago
If we say that a price is too high to clear the market, we mean that Multiple Choice
algol13

Answer:

The answer is 1. quantity demanded exceeds quantity supplied.

When the quantity demanded exceeds the quantity supplied, this makes room for a shortage of goods in the market a day and excess demand. Because of this, the price of existing products increase as a lesser number of goods has to be distributed among many people.

When such scenarios happen, the government can take actions such as importing goods from abroad.

Explanation:

3 0
3 years ago
When the price level rises, the number of dollars needed to buy a representative basket of goods: A. increases, and so the value
muminat

Answer: B. increases, and so the value of money falls.

Explanation: When the price level rises, the number of dollars needed to buy a representative basket of goods<u><em> increases, and so the value of money falls</em></u>. A representative basket of goods refers to a fixed number of consumer goods and services. The price of these goods and services are valued annually. If one or more of these products increase their value you will need more dollars to buy the basket of goods. So, the value of money falls.

7 0
3 years ago
information systems transform raw data into information that can be used to make decisions. What is another important factor to
Reptile [31]
A) The relationship between information systems and organizations is among the fastest-changing aspect of business today.
3 0
3 years ago
Rusties Company recently implemented an activity-based costing system. At the beginning of the year, management made the followi
Delicious77 [7]

Answer:

a.  Labor Cost Rate=   13 $ per DLH

b.  Purchase orders Rate= $ 3 per order

c. Product testing Rate =   $ 15 per test

d. Template etching Rate = $ 23 per template

e. General factory Rate=   $ 6 per MHs

Explanation:

Data

Activity            Activity                Expected Overhead       Expected

Cost Pool      Measure                  Cost                              Activity

Labor-related Direct labor-hours $16,380                 1,260 DLHs

Purchase orders Number of orders $1,920                 640 orders

Product testing Number of tests    $4,275                285 tests

Template etching Number of templates $805          35 templates

General factory Machine-hours          $42,600            7,100 MHs

The activity rate can be obtained by dividing the  total cost of each activity with the total cost of the driver allocated to it.

Calculations

Activity Rate = Expected Overhead Cost/ Expected Activity

a.  Labor Cost Rate=   $16,380   /  1,260 DLHs=  13 $ per DLH

b.  Purchase orders Rate=  $1,920/  640 orders= $ 3 per order

c. Product testing Rate =  $4,275 /285 tests= $ 15 per test

d. Template etching Rate = $805 /35 templates= $ 23 per template

e. General factory Rate=  $42,600/ 7,100 MHs= $ 6 per MHs

3 0
3 years ago
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