Kana is a single wage earner with no dependents and taxable income of $205,000 in 2018. Her 2017 taxable income was $155,000 and tax liability was $36,382. Calculate Kana's 2018 income tax liability and the minimum required 2018 annual payment necessary to avoid any penalty. Round your answers to two decimal places. Click here to access the income tax rate schedules. Kana's 2018 income tax liability: $ Kana's minimum required 2018 annual payment necessary to avoid any penalty: $
Answer:
A.$47,439.50
B.$40,020.20
Explanation:
A.Calculation for 2018 income tax liability
Since we are told Kana has a taxable income of the amount of $205,000 and she is as well a single wage earner which means that her income tax will be $45,689.50 including 35% tax rate reason been that her taxable income is above $200,000
Hence,
First step
Kana Taxable income of $205,000 - $200,000
= $5,000
Second step
$5,000 x 35%
= $1,750
Third step is to calculate Kana 2018 income tax liability
2018 Income tax liability=$1,750 + $45,689.50
2018 Income tax liability= $47,439.50
Therefore Kana's 2018 income tax liability will be $47,439.50
B. Calculation for Kana's minimum required 2018 annual payment to avoid penalty
Based on the information given we were told that her 2017 taxable income was the amount of $155,000 while her tax liability was the amount of $36,382 which means that since her Taxable income of the amount of $155,000 is higher than the maximum amount of $150,000 which means we have to multiply Kana tax liability of the amount of $36,382 by 110%
Hence,
Kana's minimum required 2018 annual payment=$36,382 x 110%
Kana's minimum required 2018 annual payment= $40,020.20
Therefore Kana's minimum required 2018 annual payment necessary to avoid any penalty will be $40,020.20
Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students. Which career would be the best option for her? A. curriculum developer B. high school teacher C. school counselor D. speech-language pathologist
Answer:
A. curriculum developer
Explanation:
A curriculum developer refers to an individual who is typically an educational professional who is saddled with the responsibility of creating or developing topics, instructional materials and teaching techniques (methods) that are to be used by classroom teachers to instruct, lecture and teach students. Thus, curriculum developers do not work directly with students but are part of the chain responsible for ensuring that students get the best form of knowledge and learning experience in schools.
Additionally, curriculum developers are to ensure that the curriculum used for teaching students are totally or completely in compliance with sets of standards established by the school and regulatory agencies in the state.
In this scenario, Adalyn wants to find a job in Education and Training. She has excellent analytical thinking and leadership skills, but she does not want to work directly with students.
Hence, the career which would be the best option for her is to be a curriculum developer.
Answer:
A. curriculum developer
Explanation:
Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to contribute to his annual college expenses?
$11,425
$11,465
$12,425
$12,465
Answer:
$12,425
Explanation:
Richard we will contribute the difference between the expected annual expenses and the grant.
Expected expenses = $17,745
Grants, $5,320
Richard Contribution :
=$17,745 - $5,320
=$12,425
Answer:
the answer is C. 12,425
Explanation:
Suppose that past history shows that 60% of college students prefer Brand C cola. A sample of 5 students is to be selected. The probability that at least 1 prefers brand C is ________.
Answer:
98.98%
Explanation:
the probability that at least 1 student prefers brand C = 1 - probability than 0 students prefer brand C
probability that 0 students prefer brand C = (0.4)⁵ = 0.01024
probability that at least 1 student prefers brand C = 1 - 0.01024 = 0.98976 = 98.98%
Nevan’s gross pay was $45,150 last year. The federal income tax withholding from his pay was 16% of his gross pay. Nevan determined the federal income tax he owes is $6,150. Which of the following is true?
Nevan owes an additional $984 in federal tax.
Nevan owes an additional $1,074 in federal tax.
Nevan will receive a refund of $984.
Nevan will receive a refund of $1,074.
Answer:
B.) Nevan owes an additional $1,074 in federal tax.
Explanation:
To find your answer, first you need to find what 16% of 45,150 is. In this case, that's 7,224. At this point you know that Nevan is incorrect. To find out *how* incorrect, subtract 6,150 from 7,224. That gives you $1,074, which is how much more he owed than his estimate.
Answer:
d
Explanation:
got it right on test
For Cindy’s position as the school nurse, she is required to keep her CPR and first aid certifications up to date. She organized a CPR and first aid course at the elementary school where she works. During the course, students are encouraged to practice CPR on dummies. As Cindy was doing her practice chest compressions, she sprained her wrist. Cindy visited the doctor, and he prescribed her physical therapy for her wrist. Which party is responsible for paying Cindy’s medical bills?
Answer:
the school where Cindy works
Explanation:
According to the rules created by Occupational Safety and Health administration, incidents that occurred toward the employees within the workplace environment or employer's premises are presumed to be work related.
Since Cindy sprained her wrists during her job, this can be related as a work-related injury or illness. Because of this, the employer will be the one that is responsible in paying Cindy's medical Bill. In this case, the employer is the school.
If average household income increases by 10%, from $50,000 to $55,000 per year, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are . If the price of a room at the Exhilaration were to decrease by 10%, from $250 to $225, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from rooms per night to rooms per night. Because the cross-price elasticity of demand is , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are . Triple Sevens is debating decreasing the price of its rooms to $175 per night. Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve.
Answer:
The numbers are missing, so I looked for similar questions:
If average household income increases by 10%, from $50,000 to $55,000 per year, the quantity of rooms demanded at the Triple Sevens from 300 rooms per night to 350 rooms per night. Therefore, the income elasticity of demand is , meaning that hotel rooms at the Triple Sevens are .
income elasticity of demand = % change in quantity demanded / % change in income
income elasticity of demand = 16.7% / 10% = 1.67, since it is positive, then they are normal goods, and since their IED ≥ 1, they can also be considered luxury goods.
If IED is negative, that means that a good is an inferior good, since the more you earn, the less you consume.
If the price of a room at the Exhilaration were to decrease by 10%, from $250 to $225, while all other demand factors remain at their initial values, the quantity of rooms demanded at the Triple Sevens from 300 rooms per night to 200 rooms per night. Because the cross-price elasticity of demand is , hotel rooms at the Triple Sevens and hotel rooms at the Exhilaration are .
Cross price elasticity of demand = % change in quantity demanded of Triple Sevens hotel rooms / % change in price of Exhilaration hotel rooms
Cross price elasticity of demand = -33.33 / -10% = 3.33
Triple Sevens hotel and Exhilaration hotel are substitutes since their cross price elasticity is positive.
Triple Sevens is debating decreasing the price of its rooms to $175 per night (from $200). Under the initial demand conditions, you can see that this would cause its total revenue to . Decreasing the price will always have this effect on revenue when Triple Sevens is operating on the portion of its demand curve.
original revenue before change in price = $200 x 150 rooms = $30,000
revenue after decreasing price = $175 x (150 x 1.1667) = $175 x 175 rooms = $30,625
total revenues will increase by $625, this happens because Triple Sevens hotel is operating on the elastic portion of the demand curve.
Which type of account (real, personal, or nominal) includes the following expenses of a business?
Expenses like rent, transportation, and advertising are part of a business’ ______
account, because they are fictitious.
Answer: Nominal account
Explanation:
Expenses like rent, transportation, and advertising are part of a business (Nominal) account, because they are fictitious.
Personal accounts are the accounts that have to do with individuals, or businesses. A real account is an account that isn't closed when the accounting period ends. The bqlnaces in the real account are carried to the following period. An example of this is cash.
Nominal account is an account that has a zero beginning balance at the start of the year. This is because when an accounting year ends, the nominal account will be closed.
a.
The amount of money in a savings account is an example of which of the following?
investment asset
b. liquid asset
C. long term asset
d. use asset
Please select the best answer from the choices provided
A
B
O O OO
С
Answer:
I do not understand the question. is "a" the question? if not then what is.
Stocks are generally considered a higher risk because:
a) Their value varies over time
b) They are not covered by FDIC
c) Rate of returns are not guaranteed
d) All the above
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST) PERSONAL & FAMILY FINANCE
Trina wants to start a company that makes clothing. She has a lot of ideas, but she doesn’t have any sewing machines to use to make the clothes. Which category of economic resource does she require?
labor
entrepreneurial ability
capital
Answer:I think b
Explanation:
Trina requires capital category of economic recourse because to buy sewing machines. The correct optin is (c).
What is capital in business?Capital in business refers to the cash, machines, any type of assets, bills receivable, patents etc. which is used for the business purpose.
Capital is the life line of every business. Every business assets which are used for the business activity they create the value of the business and consider as the capital of the business. Capital is the financial assets which is used in the business.
Trina wants to start the business for making clothes, so she wants to buying the sewing machines for their business and in this case the lack of capital resources. Trina wants cash to buy the sewing machines to the
start the business.
Capital is classified as assets in terms of accounting. Capital is the blood of business. Therefore to every entrepreneur needs the capital for their business/company.
To learn more about the capital, refer to the link below
brainly.com/question/28171811
#SPJ2
4) You are an employee of a U.S. firm that produces personal computers in Thailand and then exports them to the United States and other countries for sale. The personal computers were originally produced in Thailand to take advantage of relatively low labor costs and a skilled workforce. Other possible locations considered at the time were Malaysia and Hong Kong. The U.S. government decides to impose punitive 100 percent ad valorem tariffs on imports of computers from Thailand to punish the country for administrative trade barriers that restrict U.S. exports to Thailand. How should your firm respond? What does this tell you about the use of targeted trade barriers?
Explanation:
Analyzing the scenario of the question above, it can be understood that the targeted commercial barriers can mean an increase in costs for the company, therefore it is necessary to develop strategic solutions that do not prevent the company from producing personal computers in places with better labor costs. constructions. The question provides information that other production sites, such as Malaysia and Hong Kong, were considered, so this would be a viable and effective strategy if the production and workforce requirements were qualified and maintained the quality of the computers' production.
Agent Willis had several clients who disenrolled from the plans he represents during the AEP to try new Medicare Advantage plans. Agent Willis believes that the choices they made are not ideal for them and would like to get their business back during the Medicare Advantage Open Enrollment Period (MA-OEP). What can agent Willis do? Choose one answer. a. He can wait until October and send them information about the plans he represents. b. He can call them to let them know that if they do not like their new plans, they can change back during the MA-OEP. c. He can send them information about the MA-OEP along with a flyer on the plans he represents. d. He can e-mail them in January and ask them to let him know if they are not happy with their new plans.
Answer:
He can wait until October and send them information about the plans he represents.
Explanation:
Being an agent who has the interest of his client at heart and for a better way to convince his client, it is better Agent Wallis wait till October before disclosure of the information to his client as it is not right to make contact with his clients beforehand as it is unethical. It is far more better that when open enrollment begins or kick off, he can then send the information to his client by mail,fax e.t.c. and let his disenrolled clients know the best plan he has and help the clients get their Medicare Advantage back.
what does the word tenous mean
Answer:
very weak or slight.
Explanation:
"the tenuous link between interest rates and investment"
what color is an orange?
Answer:
an orange is the color orange
Explanation:
it is very simple, however, an apple is not the color for an apple
Which account heads have a debit balance in their respective ledgers?
All
and expenses have a debit balance in their respective ledgers.
Answer:
assets
Explanation:
What Problem do Trump and Biden want to solve?
Answer: trump and Biden want to solve many problems
Explanation: they ways they do it are different
what is usually at the end of a business letter
Answer:
The complimentary close is a short and polite remark that ends your letter. The close begins at the same justification as your date and one line after the last body paragraph. Capitalize the first word of your closing (Thank you) and leave four lines for a signature between the close and the sender's name.
Explanation:
Valeria owns a condominium that is valued at $70,000. Her mortgage balance is $27,500. Valeria could sell her car for $16,710. She owes $6,790 for the car loan. She has a savings account balance of $7,725 and a checking account balance of $1,222. Valeria also has a student loan balance of $9,082 and a credit card balance of $1,456. Valeria made the incorrect net worth statement shown.
Answer:
Valeria's net worth = fair market value of all her assets - fair market value of all her debts = ($70,000 + $16,710 + $7,725 + $1,222) - ($27,500 + $6,790 + $9,082 + $1,456) = $95,657 - $44,828 = $50,829
Personal net worth is similar to a company's equity. It represents an individual's current financial position.
When the media slings mud, we used it to build huts,
irrefutable facts, merciful, beautiful black....
Answer:
i dont even know
Explanation:i never pt attention to class either
Answer: dis is a good song (Everything- Nas, The-Dream & Kanye West)
Explanation:
Beloved brother, you fail to embarrass him, harassin' him
To my life, your life pales in comparison
So go write whatever blog, messiness is not ever the God
Do what's necessary, I'm never worried
Listen vultures, I've been shackled by Western culture
You convinced most of my people to live off emotion
That's why we competin'
Death by the chrome barrel, forgot the secrets
My Kilimanjaro bone marrow's the deepest
You can peep at the comments, but don't fall for that
We want freedom, I'm a scholar, an almanac
People do anything to be involved in everything
If having a warranty on a car is important, a person should buy a car that is --------?
Answer:
New
Explanation:
A warranty is a vehicle manufacturer's promise to rectify faults that may occur during the warranty period. A vehicle warranty covers the car and any accessories fitted by the manufacturer. It caters to both labor and parts.
Warranty is issued to new products only. If one considers a warranty to be important, they should buy a new car.
Explanation
If having a warranty on a car is important, a person should buy a car that is
new
.
In the competitive forces model, the central element that the other four elements contribute directly to strength is: a. risk of entry by a potential competitor. b. closeness of substitutes to an industry's products. c. rivalry among established firms in the industry. d. bargaining power of suppliers.
Answer:
c. rivalry among established firms in the industry.
Explanation:
The Porter’s five forces of competition is a framework developed by Michael E. Porter in 1979, it is used to measure and analyze an organization's competitiveness in a business environment.
The Porter's five forces of competition framework are:
1. The bargaining power of suppliers.
2. The bargaining power of customers.
3. Threat posed by substitute products.
4. Threats posed by new entrants.
5. Threats posed by existing rivals in the industry.
In the competitive forces model, the central element that the other four elements contribute directly to strength is rivalry among established firms in the industry.
When two or more businesses work together to remove their competition, set prices, and control distribution, it is called _________. collusion collusion Sherman Antitrust Act Sherman Antitrust Act fair competition fair competition price fixing
Answer:
Collusion
Explanation:
Collusion is when two or more businesses work together to remove their competition, set prices, and control distribution. Collusion means that the players in a competition decide upon one price and promise to abide by it. This way there is no cost cutting and market is equally divided between the players.
which is the smallest number that can be divided by 15 16 and 21 leaving a reminder of 3
The smallest number will of course be seven; however, you most likely meant the smallest number other than seven.
To meet the criteria stated, n-7 must be a multiple of 15, 21, and 18. Since 0 is a multiple of all numbers, 7 works for this, but to find the second-smallest, we will have to find the smallest number (othed than 0) that is a multiple of all three, the LCM.
We start with the prime factorization of each numbers
15=3×5
21=3×7
18=2×3×3
We now multiply the prime factors together, but factors that multiple numbers have in common ard only counted once. Therefore, the LCM is 2×3×3×5×7. Not that we still multiply by 3 twice because the number 18 has three as a factor twice. However, we don't count it a third our fourth time even though it is a factor of the other numbers. 2×3×3×5×7=630, so 630 is the LCM of 15, 21, and 18. Therefore 637 will have a reminder of 7 when divided by either of them.
Which of the following is true of state courts but not federal courts?
A. They can elect their judges,
B. They hear personal injury cases,
C. They hear constitutional law cases.
D. They oversee bankruptcy cases,
In order to obtain a permit, food service establishments must first
A. obtain a tax ID number
B. apply for initial inspection
C. pay the inspection fee
D. pass a food safety exam
Answer:
d
Explanation:
i use to work at a company like this i got to own a grocery outlet so i know anything
Who’s ready to f lemme know?
Answer:
lol
Explanation:
Answer:
wrong website
Explanation:
Which of the following characteristics of tourism services explains which guests need to be present when the service is being performed?
Edwards Manufacturing Company purchases two component parts from three different suppliers. The suppliers have limited capacity, and no one supplier can meet all the company’s needs. In addition, the suppliers charge different prices for the components. Component price data (in price per unit) are as follows: Supplier Component 1 2 3 1 $10 $14 $10 2 $16 $12 $10 Each supplier has a limited capacity in terms of the total number of components it can supply. However, as long as Edwards provides sufficient advance orders, each supplier can devote its capacity to component 1, component 2, or any combination of the two components, if the total number of units ordered is within its capacity. Supplier capacities are as follows.
Supplier 1 2 3
Capacity 600 1000 800
If the Edwards production plan for the next period includes 1000 units of component 1 and
Answer:
1. COMPONENT 1 recommendation is that both supplier 1 and supplier 2 should be recommended for the purchase of component 1 reason been they both supply the component at the lowest cost.
COMPONENT 2 recommendation is that both supplier 2 and 3 should be recommended for the supply of component 2
Component 1
Supplier 1 and 2 6,000 5,600
Component 2
Supplier 2 and 3 7,200 2,000
2. Total cost $19,600
Explanation:
Calculation of how many units of each component that should be ordered
Calculation for COMPONENT 1
Based on the information Supplier 1 made supplies of component 1 at the rate of $10
Since purchase was 600 units of component 1 at the rate of $ 10
Hence,
600×$10
=6,000
This means that remaining unit of 400 calculated as (1,000-600) of component 1 should have to be purchased by supplier 2
Hence,
400×$14
=5,600
Based on the above calculation both supplier 1 and supplier 2 should be recommended for the purchase of component 1 reason been they both supply the component at the lowest cost.
Calculation For COMPONENT 2
Supplier 2 supplies the component 2 at the rate of $12
Hence,
600×$12
=7,200
The remaining unit of 200 calculated as (800-600) of component 2 should be bought by supplier 3
200×$10
=2,000
Therefore both supplier 2 and 3 should be recommended for the supply of component 2
2. Calculation of Total purchase cost
Supplier 1 Supplier 2 Supplier 3 Total
Component 1 $ 6,000 $ 5,600 $0 $ 11,600
Component 2 $0 $ 6,000 $ 2,000 $ 8,000
Total $ 19,600
($11,600+$2,000)
Therefore the total purchase cost for both the components is $ 19,600
Jeremy earned $101,000 in salary and $7,000 in interest income during the year. Jeremy’s employer withheld $11,000 of federal income taxes from Jeremy’s paychecks during the year. Jeremy has one qualifying dependent child who lives with him. Jeremy qualifies to file as head of household and has $27,200 in itemized deductions. (Use the tax rate schedules.) A. Determine Jeremy’s tax refund or taxes due.
Answer:
$786
Explanation:
Jeremy’s tax refund or taxes due can be calculated as follows
Gross income (101000+7000) 108,000
For AGI deductions 0
Adjusted gross income 108,000
Standard deduction 18,350
Itemized deductions 27,200
Greater of standard deductions/itemized deductions (27,200 )
Taxable income 80,800
Income tax liability $12,214
(6065+(22%*(80800-52850)))
Child tax credit (2,000)
Tax withholding (11,000 )
Taxes refund $(786)