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

Author Question: Karen is single and claims one exemption. Last year she earned 36,300 in wages. Additional tax ... (Read 88 times)

waynest

  • Hero Member
  • *****
  • Posts: 553
on: Jun 24, 2018
Karen is single and claims one exemption. Last year she earned 36,300 in wages. Additional tax information for the year is as follows: interest earned: 125; capital gains from sale of stock: 1,650; penalty on early withdrawal of savings: 300; contributions to Keogh retirement fund: 1,900; real estate taxes paid: 3,000; mortgage interest paid: 3,100. Find the taxable income for the year.
 A) 25,725
  B) 35,275
  C) 29,175
  D) 37,475

Question 2

A television set that previously sold for 319.95 has been reduced to 303.95. What is the markdown percent? (Round to the nearest whole percent)
 A) 12
  B) 6
  C) 8
  D) 5


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

at

  • Sr. Member
  • ****
  • Posts: 359
Reply #1 on: Jun 24, 2018
Answer to Question 1

A

Answer to Question 2

D


waynest

  • Member
  • Posts: 553
Reply 2 on: Jun 24, 2018
Great answer, keep it coming :)

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

Bisphosphonates were first developed in the nineteenth century. They were first investigated for use in disorders of bone metabolism in the 1960s. They are now used clinically for the treatment of osteoporosis, Paget's disease, bone metastasis, multiple myeloma, and other conditions that feature bone fragility.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Did you know?

There are 20 feet of blood vessels in each square inch of human skin.

Did you know?

GI conditions that will keep you out of the U.S. armed services include ulcers, varices, fistulas, esophagitis, gastritis, congenital abnormalities, inflammatory bowel disease, enteritis, colitis, proctitis, duodenal diverticula, malabsorption syndromes, hepatitis, cirrhosis, cysts, abscesses, pancreatitis, polyps, certain hemorrhoids, splenomegaly, hernias, recent abdominal surgery, GI bypass or stomach stapling, and artificial GI openings.

Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi Muskox populations remain in the Arctic all year, though they migrate to higher elevations in the wi
The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own The Kingsley plantation, on Fort George Island in Jacksonville, Florida. Zephaniah Kingsley, the own
Withdrawing Medication from Single-Dose or Multiple-Dose Vials Withdrawing Medication from Single-Dose or Multiple-Dose Vials
Available Fresh Water per year Available Fresh Water per year
Identical twins (monozygotic twins) have the same sex and share a single genotype. Identical twins (monozygotic twins) have the same sex and share a single genotype.
Homologous recombination: single versus double crossovers Homologous recombination: single versus double crossovers
Video: Structures that affect circulation - arterioles and vasomotor responses

For a complete list of videos, visit our video library