Rico suave is a widowed single father with 2 dependent

Assignment Help Finance Basics
Reference no: EM13621227

Rico Suave is a widowed single father with 2 dependent children. Rico has a gross income of $48,000, adjustments of $8,000, and itemized deductions of $8,700. If the standard deduction is $5,700, personal exemptions for the year are $3,650 for each dependent claimed on the income, and the child tax credit is $1,000 per child, what is Rico's taxable income?

Reference no: EM13621227

Questions Cloud

A hollow spherical shell with mass 155 kg rolls without : a hollow spherical shell with mass 1.55 kg rolls without slipping down a slope angled at 39.0.part a find the
Allie dawson is trying to decide whether or not she can : allie dawson is trying to decide whether or not she can afford the monthly payment of a loan to purchase a new car.
The pressure drops by 25 kpa across the condenser as heat : water enters a condenser at a pressure of 200 kpa and a quality of 0.95. the pressure drops by 25 kpa across the
Kate and richard just won 35000 in the pennsylvania state : kate and richard just won 35000 in the pennsylvania state lottery. they decide to spend 9000 now and put the remaining
Rico suave is a widowed single father with 2 dependent : rico suave is a widowed single father with 2 dependent children. rico has a gross income of 48000 adjustments of 8000
When equilibrium is reached the nut is sitting in a small : a block of ice at 0 degrees c has a small depression in the top. we place a steel nut of mass 45 grams in this
Neville longbottom has been asked to serve as a consultant : neville longbottom has been asked to serve as a consultant on a building project and can get paid his fee up-front or
Refrigerant gas r-134 at 500k and 70 degrees c enters an : refrigerant gas r-134 at 500k and 70 degrees c enters an air-cooled condenser heat exchanger and leaves the condenser
A 4400 kg open railroad car coasts along with a constant : a 4400 kg open railroad car coasts along with a constant speed of 5.30ms on a level track. snow begins to fall

Reviews

Write a Review

 

Finance Basics Questions & Answers

  The first bank of the ozarks generates 00155 dollars of

the first bank of the ozarks generates 0.0155 dollars of net income per dollar of assets and it has a profit margin of

  What is the present value of an annuity of 200 per year

what is the present value of an annuity of 200 per year for five years if the required rate of return is 8? what is the

  What is this firm''s market-to-book ratio

The firm has total debt with a book value of $55 million, but interest rate declines have caused the market value of the debt to increase to $65 million. What is this firm's market-to-book ratio?

  Over the year dividends paid on stock were 500 per share

at the beginning of the year you purchased a share of stock for 40.nbsp over the year the dividends paid on the stock

  Machine a will save 5000 per year for 6 years machine b

machine a will save 5000 per year for 6 years machine b will save 6000 per year for 5 years. if the interest rate is

  What is the price paid to the bondholder

A 4.6 percent corporate coupon bond is callable in ten years for a call premium of one year of coupon payments. Assuming a par value of $1,000, what is the price paid to the bondholder if the issuer calls the bond?

  Compute projects payback period

Suppose your employer, hates the company's current telephone system. By investing $60,000 in a new phone system, he thinks that he can improve revenue through fewer misdirected sales inquiry calls,

  Use the cf function and solve for npv

Use the CF function and solve for NPV to get the answer. Just enter the number up to 2 decimal points. Do not enter $ in the answer box.

  Finding present value of two bank

Assume you've two bank accounts, one called Account A and another Account B. Account A will be worth $4,700.00 in one year. Account B will be worth $7,900.00 in two years. Both accounts earn 3.8% interest. What is the present value of each of thes..

  Trigen corp management will invest cash flows of 600687

trigen corp. management will invest cash flows of 600687 1199498 408070 818400 1239644 and 1617848 in research and

  How would you explain the value of financial planning

How would you explain the value of financial planning to friends or family?

  Foreign exchange exposure and management

What are some financial crisis which have occurred in the last ten years recognize the causes and what were the solutions?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd