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 87 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
Thanks for the timely response, appreciate it

ghepp

  • Member
  • Posts: 361
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

People with alcoholism are at a much greater risk of malnutrition than are other people and usually exhibit low levels of most vitamins (especially folic acid). This is because alcohol often takes the place of 50% of their daily intake of calories, with little nutritional value contained in it.

Did you know?

Approximately one in four people diagnosed with diabetes will develop foot problems. Of these, about one-third will require lower extremity amputation.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Blood in the urine can be a sign of a kidney stone, glomerulonephritis, or other kidney problems.

Did you know?

The most dangerous mercury compound, dimethyl mercury, is so toxic that even a few microliters spilled on the skin can cause death. Mercury has been shown to accumulate in higher amounts in the following types of fish than other types: swordfish, shark, mackerel, tilefish, crab, and tuna.

Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres Allen Test: A patent ulnar artery reveals the return of palm perfusion despite radial artery compres
Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s Historian James Merrell notes several errors in Benjamin West’s famous 1771 painting, William Penn’s
The risk of dying before the age of 65 gets lower as family income gets higher. The risk of dying before the age of 65 gets lower as family income gets higher.
Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ... Fuel should be heard returning to the fuel tank at the fuel return line if the fuel-pump and ...
Overfished per year Overfished per year
Return to the icehouse Return to the icehouse
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library