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22. LO.2 Compute the 2015 standard deduction for the following taxpayers.
Margie is 15 and claimed as a dependent by her parents. She has $800 in divi-
dends income and $1,400 in wages from a part-time job.
Ruby and Woody are married and file a joint tax return. Ruby is age 66 and
Woody is 69. Their taxable retirement income is $10,000.
Shonda is age 68 and single. She is claimed by her daughter as a dependent.
Her earned income is $500 and her interest income is $125.
Frazier, age 55, is married but is filing a separate return. His wife itemizes her
deductions.
the following data were taken from recent annual reports of apple computer inc. a manufacturer of personal computers
Profit margins and turnover ratios vary from one industry to another. What differences would you expect to find between the turnover ratios, profit margins, and DuPont equations for a grocery chain and a steel company?
debra acquired the following new assets during 2013dateassetcostapril 11office furniture40000july 28trucks40000november
on october 31 the stockholders equity section of omar company consists of common stock 600000 and retained earnings
dougs custom construction company is considering three new projects each requiring an equipment investment of 22000.
Refer to the consolidated statements of earnings on shown below of the Campbell Soup Company annual report in the appendix.
Define the term "margin of safety." If Stine Company expects to sell 1,250 units of its product at $12 per unit, and break-even sales for the product are $12,000, what is the margin of safety ratio?
The Sanchez Corporation is preparing its 2012 balance sheet. The company records show the following selected amounts at the end of the accounting period, December 31, 2012:
when an investor uses the equity method to account for investment in common stock cash dividents recieved by the
mcmillian tire company produces tires used on small trailers. the month of june ended with 700 tires in process 90
the following inf big bend co. fixed budget for the year is shown belowsales 50000 units 1300000 cgs direct materials
George contributed $3,000 (food, shelter, and medical care) toward the support of his nephew, Andy, who lives with him. Andy earned $1,000 from a part-time job and received a $2,000 scholarship to attend a local university. Can George claim Andy a..
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