Kristal is single and claims one exemption. Last year she earned $37,800 in wages. Additional tax information for the year is as follows: Interest earned: $128; capital gains from sale of stock: $1,850; alimony paid: $6,400; contributions to IRA retirement fund: $2,700; real estate taxes paid: $1,600; mortgage interest paid: $5,300. Find the taxable income for the year
A) $19,828
B) $24,712
C) $22,628
D) $19,251
A
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Marks Corporation has two operating departments, Drilling and Grinding, and an office. The three categories of office expenses are allocated to the two departments using different allocation bases. The following information is available for the current period: Office ExpensesTotal Allocation BasisSalaries$30,000 Number of employeesDepreciation 20,000 Cost of goods soldAdvertising 40,000 Net sales ItemDrilling Grinding TotalNumber of employees 1,000 1,500 2,500 Net sales$325,000 $475,000 $800,000 Cost of goods sold$75,000 $125,000 $200,000 The amount of salaries that should be allocated to Drilling for the current period is:
A. $10,000. B. $12,000. C. $15,000. D. $18,000. E. $30,000.
A(n) ________ is the goal toward which reasoning pushes us
A) initiative B) conclusion C) analogy D) premise
In interval estimation, the t distribution is applicable only when the
A. population has a mean of less than 30. B. sample standard deviation is used to estimate the population standard deviation. C. variance of the population is known. D. mean of the population is unknown.
Which of the following is true about a growth stock?
A. It pays a fixed amount of dividends every year. B. It has voting rights and generally pays a fixed amount of interest each year until maturity. C. It pays large and relatively constant dividends each year. D. It pays cumulative dividends at the time of maturity. E. It generally pays little or no dividends because the firm retains most of its earnings to fund developmental opportunities.