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 74 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?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

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?

The National Institutes of Health have supported research into acupuncture. This has shown that acupuncture significantly reduced pain associated with osteoarthritis of the knee, when used as a complement to conventional therapies.

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Wetlands Store and Clean Water Wetlands Store and Clean Water
Frequent dining on fast food, which tends to be higher in fat and carbohydrates, may be convenient ... Frequent dining on fast food, which tends to be higher in fat and carbohydrates, may be convenient ...
Organization of the Food and Drug Administration showing the seven centers that regulate human and ... Organization of the Food and Drug Administration showing the seven centers that regulate human and ...
Food delivery Food delivery
Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs Eating a variety of foods from all food groups is the best strategy to meet your daily mineral needs
Which Is Cheaper: Fast Food or a Homemade Lunch? Which Is Cheaper: Fast Food or a Homemade Lunch?
Video: Types of Burns

For a complete list of videos, visit our video library