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Author Question: George and Sarah Gains had a combined gross income of 55,800 . They took the standard deduction of ... (Read 74 times)

roselinechinyere27m

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on: Jun 24, 2018
George and Sarah Gains had a combined gross income of 55,800 . They took the standard deduction of 11,400 for a married couple filing a joint return. They have 3 children ages 6, 9, and 13 years. The amount for each exemption is 3,650 . Compute their taxable income.

Question 2

7,200 is invested each quarter for 5.5 years. Compute the future value if interest is 8 compounded quarterly. Use Tables 23-1A and 23-1B or a calculator.


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ndhahbi

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

26,150

Answer to Question 2

7,200  27.29898 = 196,552.66 future value


roselinechinyere27m

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

bbburns21

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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