John has the following sources of income: $3730 from his job; $910 in unemployment insurance; $2180...
John has the following sources of income: $3730 from his job; $910 in unemployment insurance; $2180 from the sale of his motorcycle; and $500 in interest from an investment. What is his total income?
Homework Answers
Total Income:
Income from salary - $3730
Other Income:
Interest on investments - $500
Unemployment insurance- $910
Capital Gains:
Proceeds from sale of motorcycle-. $2180
Total. $7340
Add Answer to:
John has the following sources of income: $3730 from his job;
$910 in unemployment insurance; $2180...
John has a brokerage account and buys securities on the margin. His net taxable investment income...
John has a brokerage account and buys securities on the margin. His net taxable investment income for 2018 was $5,500, and he had investment interest expense of $9,000. Income generated through the brokerage account was as follows: Municipal bond interest $20,000 Taxable dividends and interest $60,000 How much investment interest may Josiah deduct?
John has 2 jobs in 2019. He earned the following: Job 1 Job 2 Salary ...
John has 2 jobs in 2019. He earned the following: Job 1 Job 2 Salary 80,000 60,000 Federal Withholding tax 15,000 10,000 Social Security 4,960 3,720 Medicare 1,160 870 1. If John’s 2019 federal income tax is calculated at $ 23,500, how much will John receive as a refund on his 2018 federal income tax return? Assume John has Job 1, but instead of Job 2, he earned $ 60,000 as a self-employed Carpenter. Calculate John’s Self-employment tax.
1. Matt loses his job, but because he starts to receive unemployment insurance, he initially decides...
1. Matt loses his job, but because he starts to receive unemployment insurance, he initially decides to limit his job search to those jobs that are most specific to his interest in sailing around the world. Other things the same, the unemployment rate increases, and the labor-force participation rate is unaffected. increases, and the labor-force participation rate decreases. decreases, and the labor-force participation rate increases. decreases, and the labor-force participation rate decreases. 2. Use the balance...
John operates a motorcycle repair shop from his home but finds that his business is limited...
John operates a motorcycle repair shop from his home but finds that his business is limited by the small size of his garage. Driving by a neighbor's property, he notices a for-sale sign on a large, metal-sided garage. John contacts the neighbor and offers to buy the building, hoping that it can be dismantled and moved to his own property. The neighbor accepts John's payment and makes a generous offer in return: if John will help him dismantle the garage,...
30. John takes out a life insurance policy on his life naming his wife, Mary, as...
30. John takes out a life insurance policy on his life naming his wife, Mary, as the beneficiary, in the amount of $100,000. On John's death, Mary is paid $100,000 by the insurance company. Mary's taxable income from th receipt of the life insurance proceeds is: a. $100,000 b. $0 c. $100,000 reduced by the total of the premiums John had paid during his life d. 1/2 of the amount received (i.e., $50,000) 31. On November 15, 2018, X Corp.,...
John lived in Zimbabwe in 2001. His boss told you that starting from this month, he...
John lived in Zimbabwe in 2001. His boss told you that starting from this month, he will get paid in double, i.e. 100% raise. He has $(Zimbabwean) 10,000 in his savings. Here was economic situation in Zimbabwe in 2001. GDP growth rate: 1.4% • Unemployment rate: 5.41% • Inflation: 112% • Interest rate: 50% Pick one of answer choices, and explain why. A. John has nothing to worry about, Zimbabwean economy is doing well as GDP growth rate is positive....
Which of the following sources of investment income has the highest marginal tax rate for an...
Which of the following sources of investment income has the highest marginal tax rate for an individual? a. Interest from a savings account b. Long-term capital gains c. Interest from a municipal bond d. Dividends
John Jones is married with two children. His family consists of his wife Jen Jones and...
John Jones is married with two children. His family consists of his wife Jen Jones and his children James Jones and Jackie Jones. This case study is mainly surrounding John's earnings, but Jen also works and receives a salary of $80,000 which SHOULD be included in the overall taxable income calculation and included on Form 1040 James Jones is 12 years old and lives at home. His parents fully provide for him Jackie jones is a 23 year old full...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps...
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
3. Recently due to the pandemic of COVID-19, John has lost his fulltime job, but still...
3. Recently due to the pandemic of COVID-19, John has lost his fulltime job, but still has a part-time job. He is considering to apply for a credit card to pay his daily grocery purchases. He is studying promotion information from CitiBank as below: "Introductory rate of 0% for 18 months from date of credit card initiation. After the introductory period ends, the standard variable APR for purchases will be applied to unpaid introductory balances and new balance transfers. The...
30. John takes out a life insurance policy on his life naming his wife, Mary, as the beneficiary, in the amount of $100,000. On John's death, Mary is paid $100,000 by the insurance company. Mary's taxable income from th receipt of the life insurance proceeds is: a. $100,000 b. $0 c. $100,000 reduced by the total of the premiums John had paid during his life d. 1/2 of the amount received (i.e., $50,000) 31. On November 15, 2018, X Corp.,...
John lived in Zimbabwe in 2001. His boss told you that starting from this month, he will get paid in double, i.e. 100% raise. He has $(Zimbabwean) 10,000 in his savings. Here was economic situation in Zimbabwe in 2001. GDP growth rate: 1.4% • Unemployment rate: 5.41% • Inflation: 112% • Interest rate: 50% Pick one of answer choices, and explain why. A. John has nothing to worry about, Zimbabwean economy is doing well as GDP growth rate is positive....
Unemployment Type Structural Frictional Cyclical Clancy recently lost his job as a dishwasher. Minimum-wage legislation keeps employers from adding more of the low-skill positions for which he qualifies, so he has been unable to find work. A recent recession has reduced the number of visitors to a local theme park. The park has had to lay off many of its employees, including Kate. Eileen just moved with her husband to Portland, Oregon. She's looking for a job as a paralegal....
3. Recently due to the pandemic of COVID-19, John has lost his fulltime job, but still has a part-time job. He is considering to apply for a credit card to pay his daily grocery purchases. He is studying promotion information from CitiBank as below: "Introductory rate of 0% for 18 months from date of credit card initiation. After the introductory period ends, the standard variable APR for purchases will be applied to unpaid introductory balances and new balance transfers. The...
Most questions answered within 3 hours.
-
According to the network system security, please explain:
1- What is canary and how it does...
asked 50 minutes ago -
Study the provided BagInterface and the methods implemented in
the ResizableArrayBag
For the following methods that...
asked 49 minutes ago -
Enter your answer in the provided box. To what fraction of its
original volume, Vfinal/Vinitial, must...
asked 1 hour ago -
Can you figure out if any R functions used to subset a time
series 1 or...
asked 1 hour ago -
Which of the following is correct?
A. APC + MPS = 1
B. APS + MPS...
asked 2 hours ago -
Given a regression sum of squares equal to 2373.59 and a total
sum of squares equal...
asked 3 hours ago -
Compare and contrast the linear motion and angular motion
equations F ma and . That is,...
asked 2 hours ago -
Now that this course has taken you on a journey of introduction
to the world of...
asked 3 hours ago -
The sandwich maker of the EE-Cole-Eye Sandwich Truck was just
fired (for a reason described below)...
asked 5 hours ago -
Name the following coordination compounds using systematic
nomenclature.
1. [Co(H2O)6]Cl2:
2. [Cr(NH3)6](NO3)3:
3. K4[Fe(CN)6]:
4. Na[Au(CN)4]:...
asked 5 hours ago -
Propose an efficient synthesis of 2-Bromo-5-nitrotoluene from
benzene. Hint: 3 steps. Consider directing effects of substituents....
asked 7 hours ago -
This assignment will explore the impact of corporate decisions
on a local versus a global perspective....
asked 6 hours ago