Tony and liz montey both work for xyz corporation where tony earns $32,000 and liz earns $31,000. however, xyz corporation does not have a retirement plan for their employees. tony and liz have three-year old twin daughters named trisha and tasha. the following is information related to their taxes for the current tax year:
gross income $63,000
tony's traditional ira contribution $1,000
liz's traditional ira contribution $2,000
total itemized deductions $16,200
child credit per child $1,000
personal exemptions $3,950 each
standard deduction $12,400
marginal tax rate 15 percent
narrend
refer to figure 4-1. approximately how much will tony and liz save in taxes as a result of their ira contributions?
a. $3,000
b. $150
c. $1,000
d. $450

Exercise 15-7 crawford corporation incurred the following transactions. 1. purchased raw materials on account $53,000. 2. raw materials of $45,200 were requisitioned to the factory. an analysis of the materials requisition slips indicated that $9,400 was classified as indirect materials. 3. factory labor costs incurred were $65,400, of which $50,200 pertained to factory wages payable and $15,200 pertained to employer payroll taxes payable. 4. time tickets indicated that $55,000 was direct labor and $10,400 was indirect labor. 5. manufacturing overhead costs incurred on account were $81,700. 6. depreciation on the company’s office building was $8,100. 7. manufacturing overhead was applied at the rate of 160% of direct labor cost. 8. goods costing $89,400 were completed and transferred to finished goods. 9. finished goods costing $76,000 to manufacture were sold on account for $105,100. journalize the transactions. (credit account titles are automatically indented when amount is entered. do not indent manually.) no. account titles and explanation debit credit (1) (2) (3) (4) (5) (6) (7) (8) (9) (to record the sale) (to record the cost of the sale) click if you would like to show work for this question: open show work

Cynthia is a hospitality worker in the lodging industry who prefers to cater to small groups of people. she might want to open a

Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?