subject
Business, 15.04.2020 20:14 TheArkazary

Frank and Liz are married. During 2016, Frank has $2,800 in state income taxes withheld from his paycheck, and Liz makes estimated tax payments totaling $2,200. In May 2016, they receive a state tax refund of $465. If an amount is zero, enter "0".a. How much of the refund is included in 2017 taxable income if they use the standard deduction? $b. How much of the refund is included in 2017 taxable income if they have itemized deductions other thanstate income taxes of $8,100? $c. How much of the refund is included in 2017 taxable income if they have itemized deductions other thanstate income taxes of $7,700?

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 21:00
The owners of backstreets italian restaurant are considering starting a delivery service forpizza and their other italian dishes in the small college town where they are located. theycan purchase a used delivery van and have it painted with their name and logo for $21,500.they can hire part-time drivers who will work in the evenings from 5 p.m. to 10 p.m. for$8 per hour. the drivers are mostly college students who study at the restaurant when theyare not making deliveries. during the day, there are so few deliveries that the regular employeescan handle them. the owners estimate that the van will last 5 years (365 days per year)before it has to be replaced and that each delivery will cost about $1.35 in gas and othermaintenance costs (including tires, oil, scheduled service, they also estimate that onaverage each delivery order will cost $15 for direct labor and ingredients to prepare andpackage, and will generate $34 in revenue.a. how many delivery orders must backstreets make each month in order for the service to break even? b. the owners believe that if they have approximately the break-even number of deliveries during the week, they will at least double that number on fridays, saturdays, and sundays. if that’s the case, how much profit will they make, at a minimum, from their delivery service each month (4 weeks per month)?
Answers: 2
question
Business, 22.06.2019 12:00
Which of the following is one of the advantages primarily associated with a performance appraisal? (a) it protects employees against discrimination on the basis of race. (b) it motivates employees to work on their shortcomings. (c) it encourages employees to play the role of the whistle-blower. (d) it accurately measures the resources of the firm.
Answers: 2
question
Business, 22.06.2019 20:20
Fractional reserve banking which of the following statements about fractional reserve banking are correct? check all that apply. fractional reserve banking allows banks to create money through the lending process. fractional reserve banking does not allow banks to hold excess reserves. fractional reserve banking allows banks to create additional wealth by lending some reserves. fractional reserve banking relies on everyone not withdrawing their money at the same time.
Answers: 2
question
Business, 22.06.2019 21:00
China's new 5 percent tax on disposable wooden chopsticks, reflecting concerns about deforestation, has been praised by environmentalists. the move is hitting hard at the japanese, who consume 25 billion set of wooden chopsticks annually. almost all of the chopsticks used in japan come from china. the reuirements for chinese manufacturers of wooden chopsticks to pay the 5 percent tax is a factor in their external environment.
Answers: 3
You know the right answer?
Frank and Liz are married. During 2016, Frank has $2,800 in state income taxes withheld from his pay...
Questions
question
Mathematics, 29.11.2020 03:10
question
Mathematics, 29.11.2020 03:10
question
Mathematics, 29.11.2020 03:10
question
History, 29.11.2020 03:10
question
History, 29.11.2020 03:10
question
Mathematics, 29.11.2020 03:10
question
History, 29.11.2020 03:10
question
History, 29.11.2020 03:10
Questions on the website: 13722360