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 97 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?

Most fungi that pathogenically affect humans live in soil. If a person is not healthy, has an open wound, or is immunocompromised, a fungal infection can be very aggressive.

Did you know?

For high blood pressure (hypertension), a new class of drug, called a vasopeptidase blocker (inhibitor), has been developed. It decreases blood pressure by simultaneously dilating the peripheral arteries and increasing the body's loss of salt.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Nitroglycerin is used to alleviate various heart-related conditions, and it is also the chief component of dynamite (but mixed in a solid clay base to stabilize it).

Did you know?

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

Food-conducting cells of the phloem. Food-conducting cells of the phloem.
Like all animals, primates must balance their calories expended searching for food with calories, pr Like all animals, primates must balance their calories expended searching for food with calories, pr
Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism Neuropeptides and Peripheral Peptides Involved in Control of Food Intake and Metabolism
A food diary can help patients identify unhealthy eating habits and make healthy choices. A food diary can help patients identify unhealthy eating habits and make healthy choices.
Endocrine regulation of food intake and energy homeostasis in mammals Endocrine regulation of food intake and energy homeostasis in mammals
Olowe Of Ise Veranda Posts (LEFT To RIGHT): Royal Wife With Twin Daughters Olowe Of Ise Veranda Posts (LEFT To RIGHT): Royal Wife With Twin Daughters
Video: Basic rhythm - control centers in medulla oblongata, spirograph and normal tidal cycle

For a complete list of videos, visit our video library