What is the taxable income

Assignment Help Finance Basics
Reference no: EM13297447

Drew and Meg, ages 40 and 41, respectively, are married and file a joint income tax return. In addition to four dependent children, they have AGI of $65,000 and itemized deductions of $12,000. What is the taxable income?

Reference no: EM13297447

Questions Cloud

Explain how many moles of hydrogen gas would be needed : How many moles of hydrogen gas would be needed to react with excess carbon dioxide to produce 30.6 moles of water vapor? Express your answer with the appropriate units.
Determine how much soil must be removed from the site : The minimum safe side slope for an excavation in a certain type of soil is 3 horizontal to 1 vertical. If a foundation excavation must be 40 ft wide x 60 ft long x 20 ft deep, How much soil must be removed from the site
Define what concentrations of acetic acid : What concentrations of acetic acid (pKa = 4.76) and acetate would be required to prepare a 0.10 M buffer solution at pH 5.0. Enter your answer to two significant figures.
What is the taxable income : Sybil, age 40, is single and supports her dependent parents who live with her, as well as her grandfather who is in a nursing home. She has AGI of $80,000 and itemized deductions of $8,000. What is the taxable income?
What is the taxable income : Drew and Meg, ages 40 and 41, respectively, are married and file a joint income tax return. In addition to four dependent children, they have AGI of $65,000 and itemized deductions of $12,000. What is the taxable income?
Determine the normal depth in a trapezoidal channel : Determine the normal depth in a trapezoidal channel with a bottom width of 6.4 ft and side slopes of 1 vertical to 2 horizontal. The discharge is 85 ft3/s. Manning's roughness factor is 0.025 and the channel bottom slope is 0.001
What is the common-size percentage for the net income : The Endicott Co. has net profit after taxes of $72,700, total assets of $285,000, total equity of $196,000, and total sales of $523,200. What is the common-size percentage for the net income?
What is the maximum commitment to a/r : We expect that we can receive annual incremental income after taxes of $25,000 which includes an adjustment for uncollectible accounts. What is the maximum commitment to A/R we should be willing to assume if our firm's minimum required after-tax r..
State what mass of carbon dioxide was produced : What mass of carbon dioxide was produced? Express your answer to three significant figures and include the appropriate units.

Reviews

Write a Review

Finance Basics Questions & Answers

  Computing investor-s average degree of risk aversion

The standard deviation of the market portfolio is 22%. What is the representative investor’s average degree of risk aversion?

  What is the maximum initial cost the company

What is the maximum initial cost the company would be willing to pay for the project?

  Calculate total annual inventory cost under eoq

Calculate total annual inventory cost under EOQ. How does this compare to her current inventory costs.

  Basic value concepts

Mario's auto shop plans to purchase a new garage in 3 years to have more space for repairing it's trucks. The garage cost $400,000. What lump sum amount should the company spend now to have the $400,000 available at the end of the 3 yr period?

  What is crytons cost of capital

Dividends have grown at the rate of 4.6% per year and are expected to continue to do so for the for the foreseeable future. What is Cryton's cost of capital where the firms tax rate is 30%?

  Briarcrest condiments

Briarcrest Condiments is a spice-making firm. Recently, it developed a new process for producing spices.

  Would this expansion create value for brook enterprises

Would this expansion create value for Brook Enterprises? Perform a NPV (net present value) analysis.

  Develop a personal budget as part of a financial plan

Develop a personal budget as part of a financial plan. Use the textbook as your guide, but you can use any resource at your disposal, just make sure to cite your sources.

  Four time value of money concepts

Explain the four time value of money concepts - present value, present value of an annuity, future value, and future value of annuity.

  What is the price of the bonds

Renfro Rentals has issued bonds that have a 10% coupon rate, payable semiannually. The bonds mature in 14 years, have a face value of $1,000, and a yield to maturity of 7.5%. What is the price of the bonds?

  By how many days would the cash conversion cycle be lowered

Zervos Inc. had the following data for 2008 (in millions). The new CFO believes (a) that an improved inventory management system could lower the average inventory by $4,000, (b) that improvements in the credit department could reduce receivables b..

  What is the amount of the cash flow to creditors

Adelson's Electric had beginning long-term debt of $42,511 and ending long-term debt of $48,919. The beginning and ending total debt balances were $84,652 and $78,613, respectively. The interest paid was $4,767. What is the amount of the cash flow..

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