## Answers

**Answer:**

John | Sandy | Total | ||

Salary | 55000 | 22000 | ||

Revenue from Web design work | 5000 | |||

Associated expenses from web design work | -1000 | |||

Total income | 59000 | 22000 | 81000 | |

Dividends | 1200 | |||

State income Tax refund | 300 | |||

82500 | ||||

Deductions for A G I | ||||

Alimony payments | 12000 | |||

Adjusted Gross Income | 70500 | |||

Itemized deduction | ||||

Real property taxes | 3300 | |||

State income tax | 4800 | |||

Home m or tag age | 13000 | |||

Family vacation | 3500 | |||

Charitable Contribution | 7300 | |||

Donation of furniture | 500 | |||

u n reimbursed expenses | 750 | |||

Total itemized deductions | 33150 | |||

49350 | ||||

personal & dependency exemption | 7150 | |||

Taxable Income | 42200 | |||

Federal Income Tax | 6320.5 | |||

Self Employment [email protected]% | 612 | |||

Total Taxes | 6932.5 | |||

Tax Credit | 0 | |||

Tax Withholding | 5200 | |||

Tax Owned | 1732.5 |

#### Similar Solved Questions

1 answer

##### Which of the following characterizes monopolistic competition

which of the following characterizes monopolistic competition...

1 answer

##### Do men score lower on average compared to women on their statistics finals? Final exam scores...

Do men score lower on average compared to women on their statistics finals? Final exam scores of twelve randomly selected male statistics students and twelve randomly selected female statistics students are shown below. Male: 74 62 81 68 82 77 85 61 67 87 66 83 Female: 959973 78 92 84 82 78 81 90 78...

1 answer

##### Physics 1 Problem on charge

A capacitor with its plates separated by paper stores 4.6 nC of charge when it is connected to a particular battery. An otherwise identical capacitor, but with itsplates separated by Pyrex glass, is connected to the same battery.How much charge does that capacitor store? Provide answer in nC.Please ...

1 answer

##### Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at...

Mpumi Madonsela has recently qualified to be a Chartered Management Accountant and she is working at one of the big four accounting firms. Due to the limited salary of an article clerk, Mpumi did not contribute to any provident fund. Fortunately for her, the firm contributed to a pension fund on her...

1 answer

##### A. An α-particle has a charge of +2e and a mass of 6.64 × 10-27 kg....

A. An α-particle has a charge of +2e and a mass of 6.64 × 10-27 kg. It is accelerated from rest through a potential difference that has a value of 1.67 × 106 V and then enters a uniform magnetic field whose magnitude is 2.49 T. The α-particle moves perpendicular to the magnet...

1 answer

##### Marshall Ltd. prepares an aging schedule for its accounts receivable at the end of each month...

Marshall Ltd. prepares an aging schedule for its accounts receivable at the end of each month and records bad debts expense monthly. The following selected information is from Marshall's partial aging schedule at the end of July: Number of Days Outstanding 0-30 days 31-60 days 61-90 days Over 90...

1 answer

##### Explain why it is true that at every level of output except the first unit, a...

Explain why it is true that at every level of output except the first unit, a monopolist firms marginal revenue (MR) is below the selling price?...

1 answer

##### What is an agency relationship? Explain how monitoring costs, bonding costs and residual loss arise in...

What is an agency relationship? Explain how monitoring costs, bonding costs and residual loss arise in agency relationships. Why would managers' interests differ from those of shareholders?...

1 answer

##### Assume a weekly payroll of $75,000 entirely subject to F.LC.A, and Medicare (7.65%), federal (0.8%) and state (4%) unemployment taxes, with income tax withholding of $1,520 and union dues of $99...

Assume a weekly payroll of $75,000 entirely subject to F.LC.A, and Medicare (7.65%), federal (0.8%) and state (4%) unemployment taxes, with income tax withholding of $1,520 and union dues of $99 deducted. Journal entry to record salaries and wages paid: GENERAL JOURNAL PAGE 1 DEBIT CREDIT DATE DESCR...

1 answer

##### You need 4/5 cups of water for a recipe

you need 4/5 cups of water for a recipe. You accidently put 1/3 cups into the mixing bowl with the dry ingredients. How much more water in cups do you need to add?...

1 answer

##### The resistor in an RC circuit has a resistance of 155 Ω . Part A What...

The resistor in an RC circuit has a resistance of 155 Ω . Part A What capacitance must be used in this circuit if the time constant is to be 4.2 ms ? Express your answer using two significant figures. C C = μF Part B: Using the capacitance deter...

1 answer

##### Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage...

Budget Performance Report Genie in a Bottle Company (GBC) manufactures plastic two-liter bottles for the beverage industry. The cost standards per 100 two-liter bottles are as follows: Cost Category Standard Cost per 100 Two-Liter Bottles Direct labor $1.54 Direct materials 5.64 Factory overhead 0.2...

1 answer

##### B) General chemistry textbooks often show this simplified derivation of the van't Hoff equation A, G...

b) General chemistry textbooks often show this simplified derivation of the van't Hoff equation A, G In Kp - dln K Then, under the assumption that Д.Ho and Δ,So are independent of temperature dln K, However, the Gibbs-Helmholtz equation and, correspondingly, the van't Hoff equati...

1 answer

##### A triangle has two corners with angles of # pi / 6 # and # (3 pi )/ 8 #. If one side of the triangle has a length of #12 #, what is the largest possible area of the triangle?

A triangle has two corners with angles of # pi / 6 # and # (3 pi )/ 8 #. If one side of the triangle has a length of #12 #, what is the largest possible area of the triangle?...

1 answer

##### Exercise 24.12: Pulmonary Function Tests 23. Match the appropriate definitions listed in column A with the...

Exercise 24.12: Pulmonary Function Tests 23. Match the appropriate definitions listed in column A with the terms listed in column B Columo A Column B 1. expiratory reserve volume (ERV 2. functional residual capacity IFRC 3. inspiratory capacity (IC) 4. inspiratory reserve volume (IRV) 5. residual vo...

1 answer

##### Reinforcing teaching fall prevention? Is it. a. Sit when putting on a pair of pants. b....

Reinforcing teaching fall prevention? Is it. a. Sit when putting on a pair of pants. b. I will instruct the client to sit in a low-rise chair....

1 answer

##### A cantilever type gate hinged at Q is shown in the figure. P and R are...

A cantilever type gate hinged at Q is shown in the figure. P and R are the centers of gravity of the cantilever part and the counterweight respectively. The mass of the cantilever part is 75 kg. The mass of the counter weight, for static balance, is .Q 0.5 m 2.0 m...

1 answer

##### Discuss 1 leadership approach using ethical decision-making models that a health care leader would use to...

Discuss 1 leadership approach using ethical decision-making models that a health care leader would use to implement the Health Organization Disaster Planning and Response Strategy....