Jamie is single. In 2021, she reported $104,000 of taxable income, including a long-term capital gain of $5,400. What is her gross tax liability

Answers

Answer 1

For a $104,000 of taxable income, including a long-term capital gain of $5,400, her gross tax liability  is mathematically given as

T=$17479

What is her gross tax liability?

Generally, the $95000 will be charged with an ordinary tax rate

Capital gain of $5000  will be charged by 12% rate.

Therefore, Tax on $95000

Tx = 14605.50+ 24%*(95000 - 85526)

Tx= $16879.26

ForCapital gain

Cx= 12%*5000

Cx= $600

In conclusion, her gross tax liability

T= 16879.26 + 600

T=$17479

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Related Questions

In American Society, which of these is an example of a want?
O food
O shoes
O video games
O utility bills

Answers

Answer:

c

Explanation:

video games just didthe test

The ability to read, understand, and analyze accounting reports and financial statements is critical in understanding ______.

Answers

Answer:

business operations

Explanation:

The equation calculates an annual rate in economics. startfraction final value minus initial value over initial value endfraction times 100 what rate does the equation calculate? employment rate inflation rate demand rate supply rate

Answers

The mentioned equation is applied to determine the inflation rate by dividing the difference between the final value and the initial value by the initial value and multiplying the resultant by 100.

What is inflation?

Inflation is the scenario where the prices of merchandise and services are rising at a very fast rate by reducing the purchasing power of people in an economy.

the rate of inflation can be determined by the following formula:

Given values:

Final value = F

Initial value = I

Now, [tex]\rm Inflation \ \rm rate=\frac{F-I}{I}\times100[/tex]

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Answer:

b) inflation rate

Explanation:

True or false: An increase in aggregate demand along the flat portion of the short-run aggregate supply curve will result in an increase in the price level without much effect on real output.

Answers

It is false that  An increase in aggregate demand along the flat portion of the short-run aggregate supply curve will result in an increase in the price level without much effect on real output.

What is aggregate demand?

This is a term that is used to refer to the total demand for goods and services that are used in an economy.

It is a total of all of the finished goods and services that have been produced in an economy over time.

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______ analysis is a technique that expresses each financial statement amount as a percentage of another amount on the same financial statement.

Answers

Answer: vertical

Explanation:

Should i invest in Dogecoin? What are the benefits?

Answers

Answer:

Yes you should.

Explanation:

So far dogecoin has been very good and has not been plummeting. If you buy it soon than you will have a steady increase pf profit. It is worth it to invest in Dogecoin.

For management, the major downside of telecommuting is ________. decreased productivity less direct supervision of employees difficulty in scheduling work increased turnover reduced morale

Answers

A disadvantage of telecommuting for management is related to less direct supervision of employees.

What is telecommuting?

It corresponds to carrying out work tasks outside the traditional office, using telecommunications tools such as a computer and cell phone to establish communication with the team.

Despite the advantages of generating greater motivation and autonomy for employees, telecommuting can be challenging for the control and supervision of activities.

Therefore, the ideal is that there are strategic measures to ensure that activities are carried out in accordance with expectations, creating work goals to increase quality and productivity.

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The _____ for an activity is the latest possible time an activity might begin without delaying the project finish date. Group of answer choices early finish date late finish date late start date early start date

Answers

Answer:

Late start date.

Explanation:

The late start date is the latest possible time an activity might begin without delaying the project finish date. It takes into account both parts of the sentences. "Late" as in "latest possible time", and start as in "[to] being, without delaying the project...".

Which best describes how the government enables government monopolies to exist? by issuing a patent by allowing natural monopolies to exist by creating and running a monopoly by owning the means of production.

Answers

Government enables government monopolies to exist by owning the means of production.

What are monopolies?

monopolies can be regarded as a practice whereby a particular entity is given opportunity to control a market by being the sole distributor in the market.

Therefore, government monopolies can exist if the government is sole producer in the country.

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Answer:

c. by creating and running a monopoly

Explanation:

Having a savings account can contribute to a person’s overall financial well-being. which one of the following is not a benefit of maintaining a savings account? a. a savings account provides security in tough financial times b. with a savings account, you can invest when the opportunity presents itself c. having a savings account gives individuals the ability to borrow money from members in the community d. a savings account allows an individual to fulfill life long dreams please select the best answer from the choices provided a b c d

Answers

Answer:

C) Having a savings account gives individuals the ability to borrow money from members in the community

A savings account definitely can help you with A and B. While D may sound a bit dramatic, a responsible savings routine and a savings account with a healthy balance can make great things happen. However, a savings account does not give you the ability to borrow money from members in the community. This is not a feature of a savings account.

Explanation:

Having a savings account gives individuals the ability to borrow money from members of the community, this is not a benefit of maintaining a savings account. Thus, Option C. is correct.

Savings accounts are a great way to set aside cash for unpredictable costs or to achieve financial objectives. The savings account is a secure location to keep the money safe and has the potential to accrue interest. Savings accounts do not, however, provide credit and do not let you borrow money from others.

All of the additional choices are advantages of having a savings account. Option A is the best choice since savings accounts can offer stability during difficult economic times. Because you can invest money from your savings account when the chance arises, option B is the best one. And Option D is accurate since savings accounts give you a financial safety net to save for long-term goals, which can help you realize your aspirations.

Therefore, the correct option is option C.

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Rick Mueller insures his house for $88,500. A. Since the contents are automatically insured for 50% of

the total insurance on the house, what is the amount the contents are insured for? b. If Rick's insurance

company charges $0. 53 per $100 for the policy, what will be the annual premium?

Answers

The amount the contents are insured for based on the insurance done by Rick will be $44250.

How to calculate the insurance?

From the information given, Rick Mueller insures his house for $88,500 and the contents are automatically insured for 50% of the total insurance on the house.

Therefore, the amount will be:

= 50% × $88500

= $44250

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Bluestein Inc. purchases goods from one of its suppliers and incurs freight charges to have the goods delivered. The company uses a perpetual system. Which of the following statements is correct? Multiple Choice Bluestein will record the freight charges in its Freight-in account. Bluestein will record the freight charges in its Inventory account. Bluestein will record the freight charges in its Selling Expense account. Bluestein will record the freight charges in its Cost of Goods Sold account.

Answers

Answer:

answer is 1

Explanation:

find it yo self

3. Effects of a government budget deficit

Consider a hypothetical open economy. The following table presents data on the relationship between various real interest rates and national saving,

domestic investment, and net capital outflow in this economy, where the currency is the U. S. Dollar. Assume that the economy is currently experiencing a balanced government budget.

Answers

The relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.

What is a trade deficit?

A trade deficit simply means a situation when the value of the import is more than the value of the export in the country.

In this case, the relationship between net capital outflow and net exports implies that the economy is experiencing a trade deficit.

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Bond Discount, Entries for Bonds Payable Transactions On July 1, Year 1, Livingston Corporation, a wholesaler of manufacturing equipment, issued $46,000,000 of 20-year, 10% bonds at a market (effective) interest rate of 11%, receiving cash of $42,309,236. Interest on the bonds is payable semiannually on December 31 and June 30. The fiscal year of the company is the calendar year. Required: For all journal entries with a compound transaction, if an amount box does not require an entry, leave it blank. 1. Journalize the entry to record the amount of cash proceeds from the issuance of the bonds on July 1, Year 1. Year 1 July 1 fill in the blank d5f60d01dfe0075_2 fill in the blank d5f60d01dfe0075_3 fill in the blank d5f60d01dfe0075_5 fill in the blank d5f60d01dfe0075_6 fill in the blank d5f60d01dfe0075_8 fill in the blank d5f60d01dfe0075_9 2. Journalize the entries to record the following: a. The first semiannual interest payment on December 31, Year 1, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar. ) Year 1 Dec. 31 fill in the blank 4cc83103403c031_2 fill in the blank 4cc83103403c031_3 fill in the blank 4cc83103403c031_5 fill in the blank 4cc83103403c031_6 fill in the blank 4cc83103403c031_8 fill in the blank 4cc83103403c031_9 b. The interest payment on June 30, Year 2, and the amortization of the bond discount, using the straight-line method. (Round to the nearest dollar. ) Year 2 June 30 fill in the blank 532360023fd8f84_2 fill in the blank 532360023fd8f84_3 fill in the blank 532360023fd8f84_5 fill in the blank 532360023fd8f84_6 fill in the blank 532360023fd8f84_8 fill in the blank 532360023fd8f84_9 3. Determine the total interest expense for Year 1. Round to the nearest dollar. $fill in the blank 24bbf0f8207505a_1 4. Will the bond proceeds always be less than the face amount of the bonds when the contract rate is less than the market rate of interest? 5. Compute the price of $42,309,236 received for the bonds by using

Answers

The entry to record the amount of cash proceeds onJuly1 is:Debit Cash $42,309,236;Debit Discount on Bond payable $3,690,764;Credit Bonds payable $46,000,000.

Journal entries

1. July 1

Debit Cash $42,309,236

Debit Discount on Bond payable $3,690,764

($46,000,000-$42,309,236)

Credit Bonds payable $46,000,000

2a. December 31

Debit Interest Expense $2,327,008

($42,309,236×11%/2)

Credit  Discount on Bond payable $27,008

Credit Cash $2,300,000

($46,000,000×10%/2)

2b. June 30

Debit Debit Interest Expense $2,328,493

[($42,309,236+$27,008)×11%/2]

Credit  Discount on Bond payable $28,493

Credit Cash $2,300,000

($46,000,000×10%/2)

3. Total interest expense for Year 1=$42,309,236×11%/2

Total interest expense for Year 1=$2,327,008

4. Yes, because investor will not pay the face amount of the bonds in a situation were the interest payment received from the bonds is lower than the interest they could have receive if they invested in other bonds.

5. Proceeds of bonds issue

Present value of $1 at 5.5% semiannual rate 0.11746×Face amount of bonds $46,000,000=$5,403,160

Present value of annuity of $1 at 5.5% semiannual rate 16.04612×Semiannual interest payament $2,300,000=$36,906,076

Proceeds of bonds issue $42,309,236

($5,403,160+$36,906,076)

Inconclusion the entry to record the amount of cash proceeds onJuly1 is:Debit Cash $42,309,236;Debit Discount on Bond payable $3,690,764;Credit Bonds payable $46,000,000.

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What are the SWOT of Starbucks? ("Brainly patrol" go away this is a question I was asked in class)

Answers

Hopefully this is what ur talking abt Starbucks SWOT analysis is a study of the company’s strengths, weaknesses, opportunities and threats, in the internal and external business environment. Starbucks SWOT analysis reveals how the largest coffee chain in the world uses its competitive advantages to continue growing so successfully all over the world.                    


 Explanation:Hope this helps, and is what you meant.

Jamal is about to start a new job. Given that he wants to make lots of new friends, he should choose the office that is located __________.

Answers

Answer:

he should join a job in the public expence or in a busy society

Explanation:

its like if he join a job in the public expence or in a busy society so he'll be able to make friends

A buyer or seller that is unable to affect the market price is called:.

Answers

Price Takers because they lack substantial market share

An unexpected change in raw materials costs would likely affect the ________ variance. materials quantity materials price labor price labor quantity

Answers

When there is an unexpected change in the cost of raw materials, this would most probably affect the materials price variance.

What happens when there is a change in raw material pricing?

The materials price variance involves both the budgeted cost of raw materials and the actual cost.

If there is a change in material cost therefore, the material price variance will have to change as well.

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Suppose interest rates in the UK fall. This will affect the side of the foreign exchange market and cause exchange rates to

Answers

A fall in the interest rates in the UK, would cause the exchange rate of the UK to decline.

What is the impact of a fall in interest rate on exchange rate?

Exchange rate is the rate at which one currency is exchanged for another currency. Interest rate is the return earned by investors for allowing business owners use their funds.

When interest rate declines, the return earned by investors would fall. This would discourage investors from investing. This would lead to a decline in the demand for the UK currency. This would depress the exchange rate.

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HELP ASAP!!!
An investment bank has a position vacant for the post of finance manager. Which three skills will they look for in their candidates?

A. creativity
B. decision making
C. teamwork abilities
D. quantitative data analysis
E. selling skills

Answers

Answer:

it ia A

Explanation:

_____ are examples of consumer markets Soft goods Soft goods Selling services to businesses Selling services to businesses Services Services Selling finished goods

Answers

Soft goods and selling services to businesses are examples of consumer markets.

What is consumer market?

Consumer market is a market where an individual who wants to consume a product or needs a service can buy for their use.

Consumer markets are products for consumption.

Therefore, soft goods and selling services to businesses are examples of consumer markets.

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What is the difference between pending and contingent in real estate?.

Answers

Pending: A pending home indicates that all contingencies have been met by the prospective buyer. Contingent: A home listed as contingent still has certain contingencies open.

As a young person, why is it important to have a free checking account, if possible?.

Answers

It is important to have a free checking account as a young person in order to keep one's money and avoid unnecessary spending.

What is a checking account?

A checking account simply means a deposit account with a bank that allows the holder to make deposit.

In this case, it's important to have a free checking account as a young person in order to keep one's money and avoid unnecessary spending.

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What are some alternatives to Bankruptcy? (Select All that Apply)
Group of answer choices

Using your Credit Card for a cash advance

Obtaining help from consumer credit counseling

Having a friend or family member Co-sign for an auto loan

Reduction of payments

Payment of debts by selling or borrowing on property

Out of court settlement

Securing a Payday Loan

Answers

Answer:

obtain help from consumer credit counseling, reduction of payments

A specialized accounting book in which information is accumulated into specific categories and posted so managers can find all information about one account in the same place is a.

Answers

A specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

What is a ledger?

A ledger is a specialized accounting tool.  It can also be described as a financial book or computer program.

In the ledger, information from accounting journals is accumulated and posted into specific categories matching the type of accounts.

From the ledger, the trial balance is extracted, which forms the basis for preparing the financial statements that show an entity's financial profitability and position.

Thus, a specialized accounting book for accumulating and posting business transactions into specific categories is a ledger.

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could somone list the major rules in playing basketball

Answers

Answer:

Only five player per team on the court.

Score more than your oponent to win.

You have to dribble the ball while moving, or if you stop dribbling the ball you cant move your feet so you have to pass it or shoot it.

Defense must stop offense from scoring.

Offense must score on the defense.

Each team only has 24 seconds to score in the hoop.

If someone is fouled they get to do a free throw shot.

Each player cannot have more than 5 fouls.

Explanation:

These are just the basic ones, there are way more.

HGD

What is the percentage of Internet searches conducted via mobile phones?
89%
77%
over 50%
under 40%

Answers

Answer:

Over 50%

Explanation:

Globally, 68.1% of all website visits in 2020 came from mobile devices—an increase from 63.3% in 2019

Leokadia is currently focused on driving brand awareness with sponsored ads. She reviewed her campaign performance, and noticed that she was not using her entire budget and did not generate as many impressions as she wanted. What can she do to help improve on her campaign performance

Answers

What can help Leokadia improve the performance of your marketing campaign is to include more products that have not yet been advertising.

How to create an effective ad?

It is essential that the marketing department develop advertisements that are aligned with the wishes and needs of the customer, choosing an effective channel for dissemination, with calls to action and objectivity.

Therefore, to keep its ads relevant, Leokadia must implement strategies that consistently promote its products, engaging consumers and creating desire to buy.

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You have a hardcopy of a report that you found some errors on that must be corrected. The report is three pages long and you have about 20 minutes before a meeting you must attend to present the report. Unfortunately, the report was created on your laptop at home and you have no way of getting to it quickly. What is your best option

Answers

Answer:

important files like that should be saved on a flash so if did you can borrow a computer and correct it.

Which of the following would be true, "If price for a product declines, then............."

A. Demand decreases
B. Demand is not affected
C. Consumers find alternatives
D. Demand increases

Answers

The answer is A because
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