Leonardo, who is married but files separately, earns $80,000 of taxable income. He also has $15,000 in city of Tulsa bonds. His wife, Theresa, earns $50,000 of taxable income.How much money would Leonardo and Theresa save if they file jointly instead of separately for 2019? (Use tax rate schedule.)
A. $103.50
B. Nothing
C. $309.75
D. $5,932.50
E. None of the choices are correct.
Answer: B
You might also like to view...
Stockton Co received advance payments from customers during 2017 of $6,000 . At December 31, 2016, $1,300 of the advance payments still had not been earned. After the adjustments are recorded and posted at December 31, 2016, what will the balances be in the Unearned Book Revenue and Book Revenue accounts? Unearned Book Revenue Book Revenue
a. $1,300 $6,000 b. $1,300 $4,700 c. $6,000 $1,300 d. None of these choices
Categories in which informative speech are divided include all of the following EXCEPT
a. speeches about objects and ideas. b. speeches about people and events. c. speeches about processes and procedures. d. speeches about causes and effects.
Traditional operations management strategies have focused on all of the following except?
a. Cost b. Customer service c. Sustainability d. Quality
Unclaimed property is often transferred to the government under the concept of escheat
Indicate whether the statement is true or false