Standard deduction for regular tax purposes

Assignment Help Accounting Basics
Reference no: EM13149579

Jerusha is married and she files a separate tax return in 2010. She claims two exemptions (2 x 3,650 = $7,300). She claimed the standard deduction for regular tax purposes ($5,700). She had no other adjustments. Her regular taxable income was $68,000. What is Jerusha's AMTI?

Reference no: EM13149579

Questions Cloud

Collection of goods and services for the last ten years : The GDP price index is A. a measure of the price of a specified collection of goods and services compared to the average of the prices of a highly similar collection of goods and services for the last ten years.
Procedure of analyzing the repairs and maintenance : The audit procedure of analyzing the repairs and maintenance accounts is primarily designed to provide evidence in support of the audit proposition that all
Define zinc citrate ingredient in toothpaste : Zinc citrate (Zn_3(C_6H_5O_7)_2) is an ingredient in toothpaste. It is synthesized by the reaction of zinc carbonate with citric acid. 3ZnCO_3(s) + 2C_6H_8O_7(aq) ---> Zn_3(C_6H_8O_7)_2(aq) + 3H_2O(l) + 3CO_2(g).
Cost to consumers and businesses : The best use of scarce resources paid for at the minimum level of cost to consumers and businesses
Standard deduction for regular tax purposes : Jerusha is married and she files a separate tax return in 2010. She claims two exemptions (2 x 3,650 = $7,300). She claimed the standard deduction for regular tax purposes ($5,700). She had no other adjustments. Her regular taxable income was $68,..
What value would you predict for s : what value would you predict for S? b. What happens if P is reduced to $17,1500? c. How would you go about developing a value for k? d. What are the potential weaknesses of this model?
Gold standard and quantitative easing : Give two reasons for (20 points) and two reasons against backing a currency with gold. Then develop your position either for or against backing the US currency with gold and substantiate your assertions.
Determine point price and income elasticity for furniture : Determine the point price and income elasticity’s for household furniture. b. What interpretation would you give to the exponent for R?
Production cost information : Consider the production cost information for Santiago's Salsa in Problem 1-1. The company is currently producing and selling 325,000 jars of salsa annually.The jars sell for $5.00 each. The company is considering lowering the price to $4.60. Suppo..

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd