What is his standard deduction

Assignment Help Accounting Basics
Reference no: EM131932927

Question - Jerry Jenkins is over 65 years of age and has no dependents. His only income was his salary of $10,500. During the year, he made only a nominal amount of disbursements of the type that qualify as itemized deductions of $3,290. What is his standard deduction for 2010?

Reference no: EM131932927

Questions Cloud

Record transactions in appropriate general ledger accounts : Record the transactions in the appropriate general ledger accounts. Record the amounts of revenue, expense and dividends in the Retained Earnings column
Calculate the firm current ratio : American Bacon Inc. financial statements are presented in the table below. Based on the information in the table, calculate the firm's current ratio.
Report on social networks and role in business : Report on social networks and their role in business contain - The importance of social networks and their role in business
Systematic risk is largely eliminated : The effect of an efficient portfolio is that systematic risk is largely eliminated.
What is his standard deduction : Jerry Jenkins is over 65 years of age and has no dependents. What is his standard deduction for 2010
How large a correlation is needed is needed : Assuming a two-tailed test with a=0.05, how large a correlation is needed is needed to be statistically significant for each of following samples?
Prepare the entry to record the issuance of bonds : Assume the same facts as part a. except that the warrants had a fair value of $30. Prepare the entry to record the issuance of bonds and warrants
Make a recommendation for mkgp : Using decision tree analysis and the Expected Payoff (EP) criterion, make a recommendation for MKGP.
About the current form of market efficiency : A trader was found guilty of violating insider trading laws. What does this conviction indicate about the current form of market efficiency?

Reviews

Write a Review

Accounting Basics Questions & Answers

  Make all appropriate summary general journal entries

Make all appropriate summary general journal entries to account for the transactions that the above information indicates occured during March.

  How does an executive support system differ from a decision

How does an executive support system differ from a decision support system?

  Asset accounts in the chart of accounts for miller design

How would the asset accounts in the chart of accounts for Miller Design Studio differ if it were a retail company that sold promotional products instead of a service company?

  Determine the tax consequences of the transaction if

in 2012 knoxville musical sales reports taxable income of 2 million tax preference items of 100000 net positive

  Discuss cash flows from investing activities

the amount that should be reported of cash under cash flows from investing activities is

  Assume effective interest amortization is used

The receipt of annual interest and discount amortization. Assume effective-interest amortization is used.

  How they should finance the wedding

Mary and Bob have been married for 25 years. They are both college professors. Mary makes $65,000 annually and Bob makes $75,000 annually.

  Examining the redemption of the bonds at maturity

Motley Company issued $300,000, 8%, 15-year bonds on December 31, 2016, for $288,000. Interest is payable annually on December 31.

  Difference between actual and planned results

Policies regarding when a difference between actual and planned results should be investigated are generally more restrictive for non controllable items than for controllable items.

  Convert the total costs you computed in 1 above to costs

hirams lakeside is a popular restaurant located on lake washington in seattle. the owner of the restaurant has been

  Explore the tax consequences of selling inherited property

Explore the tax consequences of selling inherited property and determine how the tax basis is calculated for profit or loss

  Record the given transactions in the appropriate journals

On 1 November 2015 the directors issued 1000 each of 10% Preference shares at $100 each. Record the above transactions in the appropriate journals

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