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

Author Question: Bobby and Lisa are married and claim 4 exemptions. Last year Lisa earned 47,300 and Bobby earned ... (Read 137 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
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?


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

efwsefaw

  • Sr. Member
  • ****
  • Posts: 351
Reply #1 on: Jun 24, 2018
Answer to Question 1

33,950

Answer to Question 2

35.2


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jun 24, 2018
Wow, this really help

ricroger

  • Member
  • Posts: 352
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

When intravenous medications are involved in adverse drug events, their harmful effects may occur more rapidly, and be more severe than errors with oral medications. This is due to the direct administration into the bloodstream.

Did you know?

Vaccines cause herd immunity. If the majority of people in a community have been vaccinated against a disease, an unvaccinated person is less likely to get the disease since others are less likely to become sick from it and spread the disease.

Did you know?

Cyanide works by making the human body unable to use oxygen.

Did you know?

Although puberty usually occurs in the early teenage years, the world's youngest parents were two Chinese children who had their first baby when they were 8 and 9 years of age.

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth Astronomers identified 12-billion-year-old white dwarf stars only 100 light years away from Earth
Labeling of black cohosh: (a) front label with general health claim Labeling of black cohosh: (a) front label with general health claim
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Instructions for Completing the CMS-1500 (02/12) Claim Form Continued Instructions for Completing the CMS-1500 (02/12) Claim Form Continued
Average Number of Days per Year with Thunderstorms Average Number of Days per Year with Thunderstorms
You deposit $2000 each year into an account earning 4% interest compounded annually. How much ... You deposit $2000 each year into an account earning 4% interest compounded annually. How much ...
Video: Febrile Seizure

For a complete list of videos, visit our video library