Rahul and Ruby are married taxpayers. They are both under age 65 and in good health. For 2020 they have a total of $79,100 in wages and $365 in interest income. Rahul and Ruby's deductions for adjusted gross income amount to $3,645 and their itemized deductions equal $17,870. They claim two exemptions for the year on their joint tax return. Table for the standard deduction
Filing Status Standard Deduction
Single $12,400
Married, filing jointly 24,800
Married, filing separately 12,400
Head of household 18,650
Qualifying widow(er) 24,800

a. What is the amount of Rahul and Ruby's adjusted gross income?
b. In order to minimize taxable income, Rahul and Ruby will
take the standard deduction in the amount of $___
c. What is their taxable income?

The treasurer for pittsburgh iron works wishes to use financial futures to hedge her interest rate exposure. she will sell five treasury futures contracts at $139,000 per contract. it is july and the contracts must be closed out in december of this year. long-term interest rates are currently 7.30 percent. if they increase to 9.50 percent, assume the value of the contracts will go down by 20 percent. also if interest rates do increase by 2.2 percent, assume the firm will have additional interest expense on its business loans and other commitments of $149,000. this expense, of course, will be separate from the futures contracts. a. what will be the profit or loss on the futures contract if interest rates increase to 9.50 percent by december when the contract is closed out

Why is investing in a mutual fund less risky than investing in a particular company’s stock?

Which of the following has the largest impact on opportunity cost