Sean and Martha are both over age 65 and Martha is considered blind by tax law standards. Their total income in 2018 from part-time jobs and interest income from a bank savings account is $80,000. Their itemized deductions are $25,000.Required: Compute their taxable income.
What will be an ideal response?
| Salary & interest | $60,000 |
| Standard deduction [$24,000 + (3 × 1,300)] | (27,900) |
| Taxable income | $32,100 |
The standard deduction is increased because of age for both and blindness for Martha.
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Standard deviation = S = 
. Investment A:total return = 10 percent with probability 50 percent total return = 20 percent with probability 50 percent Investment B:total return = 12 percent with probability 50 percent total return = 20 percent with probability 50 percent Investment C:total return = 5 percent with probability 60 percent total return = 25 percent with probability 40 percent Investment D:total return = 5 percent with probability 60 percent total return = 7 percent with probability 40 percent
A. Investment A
B. Investment B
C. Investment C
D. Investment D
Popularity created by consumer word of mouth is called ________.
A. spin B. propaganda C. hype D. tweet E. buzz
Larry purchased a Leisure Lawnmower because the company salesperson intentionally misled him by assuring him that the mower was self-propelled, had a mulching feature, and had a five-year unlimited manufacturer's warranty. When Fred finds out that his new Leisure Lawnmower is not self-propelled, does not mulch, and has a 90-day warranty, he may successfully sue for
a. reformation of the contract only. b. restitution only. c. restitution and possibly punitive damages. d. compensatory damages only.
Congress passed the _____ thatbanned business relationships that might create conflicts of interest between certified public accounting (CPA) firms and the companies they audit.
A. Sarbanes-Oxley Act of 2002 B. Securities Exchange Act of 1934 C. Glass-Steagall Act of 1933 D. McCain-Feingold Act of 2002