This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: James and Becky Harris are filing a joint tax return. Their adjusted gross income for the last year ... (Read 104 times)

Pineappleeh

  • Hero Member
  • *****
  • Posts: 585
on: Jun 24, 2018
James and Becky Harris are filing a joint tax return. Their adjusted gross income for the last year was 85,940. Itemized deductions are 12,200, and they claim 4 exemptions. Together they had 1,155 tax withheld each month from their pay checks. a. What is their tax liability? (Use Exhibit 18-3 or 18-4 from your text) b. Are they entitled to a refund or do they owe additional taxes? How much?

Question 2

Beacon Electronics advertised a portable TV set on sale for 272.49 after a 35 markdown from the original price. What was the original price of the TV set? (Round to the nearest cent)


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Mholman93

  • Sr. Member
  • ****
  • Posts: 328
Reply #1 on: Jun 24, 2018
Answer to Question 1




a. 7,751
b. Refund, 6,109


Answer to Question 2

419.22


Pineappleeh

  • Member
  • Posts: 585
Reply 2 on: Jun 24, 2018
:D TYSM

aliotak

  • Member
  • Posts: 326
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

As of mid-2016, 18.2 million people were receiving advanced retroviral therapy (ART) worldwide. This represents between 43–50% of the 34–39.8 million people living with HIV.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

More than 34,000 trademarked medication names and more than 10,000 generic medication names are in use in the United States.

Did you know?

About 3% of all pregnant women will give birth to twins, which is an increase in rate of nearly 60% since the early 1980s.

Did you know?

Since 1988, the CDC has reported a 99% reduction in bacterial meningitis caused by Haemophilus influenzae, due to the introduction of the vaccine against it.

Knee joint. Knee joint.
A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan A passenger train crosses Stony Creek Bridge in the Rocky Mountains in 1878. Railroads were importan
Vertical filing systems offer an alternative to traditional upright storage systems Vertical filing systems offer an alternative to traditional upright storage systems
Rock the leg to create movement at the hip joint. Apply passive movements to mobilize knee and hip ... Rock the leg to create movement at the hip joint. Apply passive movements to mobilize knee and hip ...
Saving Rates by Income Quintile, 2003 Saving Rates by Income Quintile, 2003
The age-adjusted rate of melanoma, a deadly form of skin cancer, from 1973 to 2000. Over that time p The age-adjusted rate of melanoma, a deadly form of skin cancer, from 1973 to 2000. Over that time p
Video: Bulk flow - Factors that influence bulk flow

For a complete list of videos, visit our video library