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Author Question: Bobby and Lisa are married and claim 4 exemptions. Last year Lisa earned 47,300 and Bobby earned ... (Read 94 times)

Chelseaamend

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on: Jun 24, 2018
Bobby and Lisa are married and claim 4 exemptions. Last year Lisa earned 47,300 and Bobby earned 18,000 in wages. Additional tax information for the year is as follows: Interest earned: 2,700; alimony paid: 5,600; penalty on early withdrawal of savings: 250; state and local income taxes paid: 5,100; contributions to charity: 2,200. Find the taxable income if they file a joint return.

Question 2

A buyer for a department store is looking for a line of sweaters to retail at 80 each. If a 56 markup based on selling price is the objective, what is the most the buyer can pay for the sweaters and still get the intended markup?


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efwsefaw

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Reply #1 on: Jun 24, 2018
Answer to Question 1

33,950

Answer to Question 2

35.2


Chelseaamend

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Reply 2 on: Jun 24, 2018
Excellent

momolu

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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