Kadeisha is single with no dependents and has a salary of $102,000 for 2018, along with tax exempt interest income of $3,000 from a municipality. Her itemized deductions total $11,600.Required: Compute her taxable income.
What will be an ideal response?
| Salary | $102,000 |
Less:
| Standard deduction | ( 12,000) |
| Taxable income | $ 90,000 |
You might also like to view...
What is an example of a permanent dimension factor of diversity?
a. hierarchical status b. physical ability c. weight d. ethnicity
The Engine Division of Magnificent Motor Corporation uses 5,000 carburetors per month in its production of automotive engines. It presently buys all of the carburetors it needs from two outside suppliers at an average cost of $100 . The Carburetor Division of Magnificent Motor Corporation manufactures the exact type of carburetor that the Engine Division requires. The Carburetor Division is
presently operating at its capacity of 15,000 units per month and sells all of its output to a foreign car manufacturer at $106 per unit. Its cost structure (on 15,000 units) is: Variable production costs $70 Variable selling costs 10 All fixed costs 10 Assume that the Carburetor Division would not incur any variable selling costs on units that are transferred internally. Refer to Magnificent Motor Corporation. What is the maximum of the transfer price range for a transfer between the two divisions? a. $106 b. $100 c. $90 d. $70
"Dissolution" of a partnership and "termination" of a partnership are synonymous
a. True b. False Indicate whether the statement is true or false
________ worked with their equipment supplier, Siemens VAI, to create a new production process that cut costs and emissions by using local iron ore that was of lower quality but cheaper
A) Walmart B) Coca-Cola C) Posco D) Starbucks