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

Author Question: Dominick Sanders is a manager of a food store. He is married and files jointly with his wife. ... (Read 96 times)

Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
on: Jun 24, 2018
Dominick Sanders is a manager of a food store. He is married and files jointly with his wife. Together they claim 6 exemptions. Last year Dominick earned 48,260 and his wife earned 34,350. In addition, they earned 310 interest on their investments. They each contributed 1,500 to a retirement account. They had the following itemized deductions: 3,300 in real estate taxes, 8,400 in mortgage interest and 1,890 in charitable contributions. a. What is the amount of their adjusted gross income? b. What is the amount of their taxable income?

Question 2

The Soft Step Floor Company purchases carpeting for 5.12 per square yard and marks it up 55 based on the selling price. What is the selling price per square yard? (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

momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #1 on: Jun 24, 2018
Answer to Question 1

a. 79,920
b. 45,220

Answer to Question 2

11.38


Lisaclaire

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Jun 24, 2018
Correct answers!


momolu

  • Sr. Member
  • ****
  • Posts: 320
Reply #3 on: Jun 24, 2018
Great! Please up vote :D


« previous next »
 

Did you know?

The human body's pharmacokinetics are quite varied. Our hair holds onto drugs longer than our urine, blood, or saliva. For example, alcohol can be detected in the hair for up to 90 days after it was consumed. The same is true for marijuana, cocaine, ecstasy, heroin, methamphetamine, and nicotine.

Did you know?

Signs and symptoms of a drug overdose include losing consciousness, fever or sweating, breathing problems, abnormal pulse, and changes in skin color.

Did you know?

About 100 new prescription or over-the-counter drugs come into the U.S. market every year.

Did you know?

Less than one of every three adults with high LDL cholesterol has the condition under control. Only 48.1% with the condition are being treated for it.

Did you know?

Patients who cannot swallow may receive nutrition via a parenteral route—usually, a catheter is inserted through the chest into a large vein going into the heart.

Wetlands Store and Clean Water Wetlands Store and Clean Water
Millionaire Wife Millionaire Wife
The normal food link between sea urchins and algae/ Corals The normal food link between sea urchins and algae/ Corals
Many Factors Influence Your Food Choices Many Factors Influence Your Food Choices
Reading a Food Label The Nutrition Facts panel is easy to read—once you know what to look for Reading a Food Label The Nutrition Facts panel is easy to read—once you know what to look for
Tallgrass Prairie: Food Chain and Trophic Levels Tallgrass Prairie: Food Chain and Trophic Levels
Video: HIV Infection: Viral life cycle

For a complete list of videos, visit our video library