Homework Answers
| Salary | $94,000 |
| Interest Income | $4,800 |
| Diviend Income | $17,000 |
| Long Term Capital Gain ($21000-5200) | $15,800 |
| Short Term Capital Gain ($12000-6300) | $5,700 |
| Gross Income | $137,300 |
| Deductions | |
| Exemption | $4,000 |
| Itemized deduction | $7,500 |
| Net Taxable Income | $125,800 |
| Taxed at Ordinary Rates (125800-(17000+15800)) | $93,000 |
| Tax on $93,000 (18481.25+(93000-90750)*28%) | $19,111 |
| Taxed at 15% (17000+15800) | $32,800 |
| Tax on $32,800 (32800*15%) | $4,920 |
| a. Total federal tax liability (19111+4920) | $24,031 |
| b. Marginal Tax Rate | 28.0% |
| c. Average Tax Rate (24031/125800) | 19.10% |
Add Answer to:
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $124,000 in salary. • She received $19,000 of dividend income. • She received $4,900 of interest income on Home Depot bonds. • She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,300. •...
Mary Jarvis is a single individual who is working on filing her tax return for the...
Mary Jarvis is a single individual who is working on filing her
tax return for the previous year. She has assembled the following
relevant information:
She received $70,000 in
salary.
She received $12,000 of
dividend income.
She received $8,300 of
interest income on Home Depot bonds.
She received $22,000 from the
sale of Disney stock that was purchased 2 years prior to the sale
at a cost of $6,500.
She received $11,500 from the
sale of Google stock that was...
Mary Jarvis is a single individual who is working on filing her tax return for the...
Mary Jarvis is a single individual who is working on filing her
tax return for the previous year. She has assembled the following
relevant information:
She received $94,000 in salary.
She received $15,000 of dividend income.
She received $6,200 of interest income on Home Depot
bonds.
She received $23,000 from the sale of Disney stock that was
purchased 2 years prior to the sale at a cost of $6,100.
She received $11,500 from the sale of Google stock that was...
Mary Jarvis is a single individual who is working on filing her tax return for the...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $139,000 in salary • She received $15,000 of dividend income. • She received $5,500 of interest income on Home Depot bonds. . She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,200. • She received $12,000 from the sale...
PLEASEEEEEE someone help!! I have posted four times now. Mary Jarvis is a single individual who...
PLEASEEEEEE someone
help!! I have posted four times now.
Mary Jarvis is a
single individual who is working on filing her tax return for the
previous year. She has assembled the following relevant
information:
She received $70,000 in
salary.
She received $12,000 of
dividend income.
She received $8,300 of
interest income on Home Depot bonds.
She received $22,000 from the
sale of Disney stock that was purchased 2 years prior to the sale
at a cost of $6,500.
She received...
Click here to read the eBook: Income Taxes PERSONAL TAXES Susan and Stan Britton are a...
Click here to read the eBook: Income Taxes PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $282,000. Round your answers to two decimal places. a. What is their federal tax liability? $ b. What is their marginal tax rate? 19% c. What is their average tax rate? % Table 3.5 2015 Individual...
PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax...
PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $295,000. Round your answers to two decimal places. a. What is their federal tax liability? b. What is their marginal tax rate? 0 0 c. What is their average tax rate? 0 0 Table 3.5 2015 Individual Tax Rates Single Individuals Average Tax You...
• She received $76,000 in salary. • She received $10,500 of dividend income. • She received...
• She received $76,000 in salary. • She received $10,500 of dividend income. • She received $5,900 of interest income on Home Depot bonds. • She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,300. • She received $12,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,600. • Mary receives one exemption ($4,000), and she...
help please Mary Jarvis is a single individual who is working on filing her tax return...
help please
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information • She received $139,000 in salary. • She received $14,000 of dividend income. • She received $3,500 of interest income on Home Depot bonds • She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,900. • She received $12,000 from...
use the table to assume the tax rates Mary Jarvis is a single individual who is...
use the table to assume the tax rates
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $139,000 in salary. • She received $15,000 of dividend income. • She received $5,500 of interest income on Home Depot bonds. • She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of...
Excel Online Structured Activity: Personal taxes Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $124,000 in salary. • She received $19,000 of dividend income. • She received $4,900 of interest income on Home Depot bonds. • She received $21,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,300. •...
Mary Jarvis is a single individual who is working on filing her
tax return for the previous year. She has assembled the following
relevant information:
She received $70,000 in
salary.
She received $12,000 of
dividend income.
She received $8,300 of
interest income on Home Depot bonds.
She received $22,000 from the
sale of Disney stock that was purchased 2 years prior to the sale
at a cost of $6,500.
She received $11,500 from the
sale of Google stock that was...
Mary Jarvis is a single individual who is working on filing her
tax return for the previous year. She has assembled the following
relevant information:
She received $94,000 in salary.
She received $15,000 of dividend income.
She received $6,200 of interest income on Home Depot
bonds.
She received $23,000 from the sale of Disney stock that was
purchased 2 years prior to the sale at a cost of $6,100.
She received $11,500 from the sale of Google stock that was...
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $139,000 in salary • She received $15,000 of dividend income. • She received $5,500 of interest income on Home Depot bonds. . She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,200. • She received $12,000 from the sale...
PLEASEEEEEE someone
help!! I have posted four times now.
Mary Jarvis is a
single individual who is working on filing her tax return for the
previous year. She has assembled the following relevant
information:
She received $70,000 in
salary.
She received $12,000 of
dividend income.
She received $8,300 of
interest income on Home Depot bonds.
She received $22,000 from the
sale of Disney stock that was purchased 2 years prior to the sale
at a cost of $6,500.
She received...
Click here to read the eBook: Income Taxes PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $282,000. Round your answers to two decimal places. a. What is their federal tax liability? $ b. What is their marginal tax rate? 19% c. What is their average tax rate? % Table 3.5 2015 Individual...
PERSONAL TAXES Susan and Stan Britton are a married couple who file a joint income tax return, where the tax rates are based on the tax table 3.5. Assume that their taxable income this year was $295,000. Round your answers to two decimal places. a. What is their federal tax liability? b. What is their marginal tax rate? 0 0 c. What is their average tax rate? 0 0 Table 3.5 2015 Individual Tax Rates Single Individuals Average Tax You...
• She received $76,000 in salary. • She received $10,500 of dividend income. • She received $5,900 of interest income on Home Depot bonds. • She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $5,300. • She received $12,500 from the sale of Google stock that was purchased 6 months prior to the sale at a cost of $6,600. • Mary receives one exemption ($4,000), and she...
help please
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information • She received $139,000 in salary. • She received $14,000 of dividend income. • She received $3,500 of interest income on Home Depot bonds • She received $21,500 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of $6,900. • She received $12,000 from...
use the table to assume the tax rates
Mary Jarvis is a single individual who is working on filing her tax return for the previous year. She has assembled the following relevant information: • She received $139,000 in salary. • She received $15,000 of dividend income. • She received $5,500 of interest income on Home Depot bonds. • She received $22,000 from the sale of Disney stock that was purchased 2 years prior to the sale at a cost of...
Most questions answered within 3 hours.
-
A resistor and the capacitor are used to control the timing in
the RC circuit of...
asked 8 minutes ago -
Five moles of monatomic ideal gas have initial pressure 2.50 ×
103 Pa and initial volume...
asked 9 minutes ago -
Living in a group could bring several disadvantages to an
individual. What are some of the...
asked 26 minutes ago -
Complete and balance the following reactions. In case of no
reaction occurring write NR.
Mix #1:...
asked 31 minutes ago -
If an economy consumes 75% of any increase in income, then an
increase in autonomous investment...
asked 35 minutes ago -
A shotputter throws the shot with an initial speed of 15.8 m/s
at a 38.0 ∘...
asked 50 minutes ago -
Debra and Merina sell electronic equipment and supplies through
their partnership. They wish to expand their...
asked 51 minutes ago -
How does a linear regression allow you to better estimate
trends, costs, and other factors in...
asked 59 minutes ago -
1. (15%) Describe the difference between a pull (Kanban), push
and CONWIP production systems.
asked 55 minutes ago -
QUESTION 5
The total area under the Z distribution curve is equal to:
a.
10
b....
asked 1 hour ago -
Using Python
The variables x and y refer to numbers. Write a code segment
that prompts...
asked 1 hour ago -
If
the coefficient of static friction between a box and the floor is
0.35 with what...
asked 1 hour ago