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 78 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?

More than 150,000 Americans killed by cardiovascular disease are younger than the age of 65 years.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Stroke kills people from all ethnic backgrounds, but the people at highest risk for fatal strokes are: black men, black women, Asian men, white men, and white women.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Activity, Food Restriction, and Weight Loss Activity, Food Restriction, and Weight Loss
Early in the twentieth century, when malnutrition was common, companies such as this one advertised Early in the twentieth century, when malnutrition was common, companies such as this one advertised
Sustainable Food Security Sustainable Food Security
Read Food Labels to Lower Saturated and Trans Fat Intake Read Food Labels to Lower Saturated and Trans Fat Intake
Food Assistance Programs in the United States Food Assistance Programs in the United States
Food policy can drive the food industry Food policy can drive the food industry
Video: Methods of carbon dioxide transport - carbaminohemoglobin and bicarbonate ions

For a complete list of videos, visit our video library