What is brenda total federal income tax liability

Assignment Help Accounting Basics
Reference no: EM132429529

Question - Brenda correctly has calculated her regular tax liability to be $32,500 and her tentative minimum tax (TMT) to be $36,300. Additionally, Brenda has an adoption expense credit (personal, nonrefundable credit) of $6,200.

What is Brenda's total Federal income tax liability?

a. $36,300.

b. $32,500.

c. $26,300.

d. $30,100.

Reference no: EM132429529

Questions Cloud

Discuss sleep aids and cough-and-cold remedies : Discuss sleep aids and cough-and-cold remedies as some of the other classes of over-the-counter drugs.
Relate the biomedical model of mental illness : Relate the biomedical model of mental illness to the development of psychiatric drugs.
What is the net periodic pension cost for the current year : On January 1 of the current year, MIGHTY Company had a projected benefit obligation of 10,000,000, What is the net periodic pension cost for the current year
Discuss the importance of proper maintenance of records : Discuss the importance of proper maintenance of records from doing research with clients.
What is brenda total federal income tax liability : Brenda correctly has calculated her regular tax liability to be $32,500. What is Brenda's total Federal income tax liability
Displaying behaviors consistent with acute mania : A client displaying behaviors consistent with acute mania approaches the nurse, waves a newspaper, and says "I need to make a phone call right this minutes.
How much annuity is includible in gross income : This annuity cost him $2, 400 and it has an expected return of $7,200. How much of this annuity is includible in gross income for the 2018 calendar year
Has the us progressed or regressed with sexuality : What changes have you noticed that has taken place in sexual attitudes and behavior in the past 5 years.
Explain two adlerian techniques : Explain TWO Adlerian techniques (from web resource) which could be used with the child.

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