Theodore, age 74, and Maureen, age 59, are married taxpayers with two dependents. Their adjusted gross income for the 2016 tax year is $43,600, and they have itemized deductions of $7,800 . Determine the following for Theodore and Maureen's 2016 income tax return:
a. The number of exemptions
b. The greater of the amount of their standard deduction or their itemized deductions
c. Their taxable income
a. 4
b. $13,850 = $12,600 + $1,250
c. $13,550 = $43,600 - $13,850 - $16,200
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In the immediate environment, the competition has no effect on consumers.
Answer the following statement true (T) or false (F)
Answer the following statement(s) true (T) or false (F)
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International copyright protection:
a. is automatic for works created in member countries of the Berne Convention. b. is granted for the life of the author plus 70 years under the Berne Convention. c. is not yet available for computer programs. d. lacks any enforcement capability for overseas infringement of works authored in the United States.