Business, 02.11.2019 03:31 dylankrenek
Pierre, a cash basis, unmarried taxpayer, had $1,400 of state income tax withheld during 2016. also in 2016, pierre paid $455 that was due when he filed his 2015 state income tax return and made estimated payments of $975 towards his 2016 state income tax liability. when pierre files his 2016 federal income tax return in april 2017, he elects to itemize deductions, which amount to $10,650, including the state income tax payments and withholdings, all of which reduce his taxable income. as a result of overpaying his 2016 state income tax, pierre receives a refund of $630 in 2017. the standard deduction for single taxpayers for 2015 was $6,300.a. what is pierre’s 2016 state income tax deduction? b. how much of the $630 will pierre include in his 2017 gross income?
Answers: 2
Business, 22.06.2019 11:40, antbanks3050
Jamie is saving for a trip to europe. she has an existing savings account that earns 3 percent annual interest and has a current balance of $4,200. jamie doesn’t want to use her current savings for vacation, so she decides to borrow the $1,600 she needs for travel expenses. she will repay the loan in exactly one year. the annual interest rate is 6 percent. a. if jamie were to withdraw the $1,600 from her savings account to finance the trip, how much interest would she forgo? .b. if jamie borrows the $1,600 how much will she pay in interest? c. how much does the trip cost her if she borrows rather than dip into her savings?
Answers: 1
Business, 22.06.2019 15:30, jasonoliva13
Careers in designing, planning, managing, building and maintaining the built environment can be found in the following career cluster: a. agriculture, food & natural resources b. architecture & construction c. arts, audio-video technology & communications d. business, management & administration
Answers: 2
Business, 22.06.2019 19:10, saabrrinnaaa
Do it! review 16-3 the assembly department for right pens has the following production data for the current month. beginning work in process units transferred out ending work in process 0 22,500 16,000 materials are entered at the beginning of the process. the ending work in process units are 70% complete as to conversion costs. compute the equivalent units of production for (a) materials and (b) conversion costs. materials conversion costs the equivalent units of production
Answers: 2
Pierre, a cash basis, unmarried taxpayer, had $1,400 of state income tax withheld during 2016. also...
Advanced Placement (AP), 18.09.2019 21:30