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 93 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
Wow, this really help

irishcancer18

  • Member
  • Posts: 310
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

The average human gut is home to perhaps 500 to 1,000 different species of bacteria.

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?

If you could remove all of your skin, it would weigh up to 5 pounds.

Did you know?

There can actually be a 25-hour time difference between certain locations in the world. The International Date Line passes between the islands of Samoa and American Samoa. It is not a straight line, but "zig-zags" around various island chains. Therefore, Samoa and nearby islands have one date, while American Samoa and nearby islands are one day behind. Daylight saving time is used in some islands, but not in others—further shifting the hours out of sync with natural time.

Did you know?

A good example of polar molecules can be understood when trying to make a cake. If water and oil are required, they will not mix together. If you put them into a measuring cup, the oil will rise to the top while the water remains on the bottom.

Lion and Tiger Fighting by James Ward, 1797 Lion and Tiger Fighting by James Ward, 1797
On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a On March 25, 1911, as scores of young factory girls leaped to their deaths from the eighth, ninth, a
Deep friction around the hip joint using the knuckles. Use the knuckle of the middle finger to apply ... Deep friction around the hip joint using the knuckles. Use the knuckle of the middle finger to apply ...
Overfished per year Overfished per year
Use a graphical method to find the length of the loan to the nearest year Use a graphical method to find the length of the loan to the nearest year
Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers Calculation of Joint Probability of a Genotype Based on Seven CODIS STR Markers
Video: Lipid digestion - mouth, stomach and small intestine

For a complete list of videos, visit our video library