What is taylors taxable income for given year

Assignment Help Financial Management
Reference no: EM132025328

Taylor, age 18, is claimed as a dependent by her parents. For 2016, she has the following income: $4,000 of wages from a summer job, $1,800 of interest from a money market account, and $2,000 of interest from City of Boston bonds.

a. What is Taylor's taxable income for 2016?

b. What is Taylor's tax for 2016? [Her parents file a joint return and have taxable income of $130,000 (no dividends or capital gains)].

Reference no: EM132025328

Questions Cloud

Explain what is the net present value of this project : The tax rate is 35 percent and the required rate of return is 15 percent. What is the net present value of this project?
Calculate Return on Equity and identify the company with ROE : The company with the higher ROE will have a higher sustainable growth rate and thus have a higher intrinsic value.
Explain how social media has impacted the sports franchise : Make a PowerPoint presentation about how social media has impacted the sports franchise you choose from the provided list.
How much would vteps inc be willing to pay for this device : However, your team expects the savings of expenses to increase at a rate of 3% per year after the first year (i.e., $15,450 in EOY 2, etc.).
What is taylors taxable income for given year : Taylor, age 18, is claimed as a dependent by her parents. For 2016, she has the following income: $4,000 of wages from a summer job.
What is the after-tax weighted average cost of capital for : What is the after-tax weighted average cost of capital for La Coupe? For La Coupe Corporation, the costs of various types of capital are as follows.
Calculate carmins adjusted gross income on her tax : Include a brief explanation of how you determined each item that affected adjusted gross income and any items you excluded from gross income.
What are the lifetime fees and investment capital for this : You can assume the fund is fully invested by the beginning of year 6, then realizes 20 percent of its investment capital in each of the following five years.
How much do you need to deposit today that pays an interest : If you wan t to accumulate $500,000 in 20 years, how much do you need to deposit today that pays an interest rate of 15%?

Reviews

Write a Review

Financial Management Questions & Answers

  Foreign company acquisition

Acquisition by a foreign company and the effects of that decision and the results of foreign exchange in Euro and the exchange rate differences.

  Financial management for profit and non profit organizations

In this essay, we are going to discuss the issues of financial management in a non-profit organisation.

  Method for estimating a venture''s value

Evaluate venture's present value, cash and surplus cash and basic venture capital.

  Replacement analysis

This document show the Replacement Analysis of modling machine. Is replacement give profit to company or not?

  Business finance task - capital budgeting

Your company is considering using the payback period for capital-budgeting. Discuss the advantages and disadvantages of this technique.

  Analysis of the investment

In this project, you will focus on one of these: the additional cost resulting from the purchase of an apple press (a piece of equipment required to manufacture apple juice).

  Conduct a what-if analysis

Review the readings and media for this unit, including the Anthony's Orchard case study media. Familiarise yourself with the Anthony's Orchard company and its current situation.

  Determine operational expenditures

Organisations' behaviour is guided by financial data. In the short term, such data will help determine operational expenditures; in the long term, historical data may help generate forecasts aimed at determining strategic plans. In both instances.

  Personal financial management

How much will you have left over each half year if you adopt the latter course of action?

  Sources of finance for expansion into new foreign markets

A quoted company is considering several long-term sources of finance for expansion into new foreign markets.

  Long term financial planning

This assignment is designed for analyze Long term financial planning begins with the sales forecast and the key input in the long term fincial planning.

  Explain the role of fincial manager

This assignment explain the role of fincial manager, function of manger. And what are the motives of financial manager.

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