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2 years ago

1. pasar la aspiradora 2. arreglar la sala 3. barrer el sótano 4. lavar la cafetera 5. no ensuciar el piso de la cocina

Business

1 answer:

Pavlova-9 [17]2 years ago

4 0

Answer:

1. Pase la aspiradora.

2. Arregle la sala.

3. Barra el sótano.

4. Lave la cafetera.

5. No ensucie el piso de la cocina.

Explanation:

To complete this exercise, you should give instructions to people cleaning a house by changing the verb phrases into formal commands or imperatives.

The translation:

1. Vacuum.

2. Tidy the room.

3. Sweep the basement.

4. Wash the coffee maker.

5. Do not dirty the kitchen floor.

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Which of the following best defines the term commodity? a. A physical object we find, grow, or make to meet our needs and those

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It can be grown or produced to meet the specified needed requirements of the particular need it solves.

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During the Financial Crisis of 2007-2008, Goldman Sachs, Morgan Stanley, and other financial firms with heavy exposure to the mo

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The answer is: D) Get massive loans from the Fed

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Remember the phrase too big to fail? Most American "big" banks were at the brink of bankruptcy and the whole global financial system was about to collapse. At this point the US government loaned them money, tons of money, to avoid them from going bankrupt. In order for big banks to be eligible for those bank loans, they had to become bank holding companies.

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2 years ago

Rank the following three single taxpayers in order of the magnitude of taxable income (from lowest to highest). (First mean high

Firlakuza [10]

Answer:

Ahmed's ranking is Third (Lowest Taxable Income)

Baker's ranking is Second

Chin's ranking is First (Highest Taxable Income)

Explanation:

In order to determine the rankings, lets compute each taxpayer's taxable income by making the necessary deductions as applicable. Taxable income calculated for each taxpayer below in serial order. Before we calculate, lets have an idea of how deductions are made.

AGI is defined as the adjusted gross income which is calculated as an individual's gross income minus the expenses that qualify as deductible. These expenses include the likes of contributions to the IRA, payment of interest on student loans, alimony payments, contributions to self-employment insurance, moving expenses, some business related expenses pertaining to educators, artists etc, and some rental expenses associated with a business activity. Therefore, intuitively, we can see that a taxpayer with the highest amount of deductions for AGI would benefit the most when calculating taxable income.

Itemized deductions are expenses that a taxpayer can incorporate to lower their taxable income by reducing their adjusted gross income (AGI). These include certain medical expenses, markup on house loans and charities. Taxpayer's can chose between either opting to deduct itemized expenses or standard deductions which is a fixed deduction allowed under tax law. Obviously, a taxpayer would go for the deduction amount which is the highest. Standard deduction is $ 5,950. Therefore, among the taxpayer's, the one with the highest amount of itemized deductions would benefit the most.

Lets calculate taxable income now.

(1) Ahmed

Gross Income: 80,000

Less Deduction for AGI: (8,000)

Adjusted Gross Income: 72,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 66,050

(2) Baker:

Gross Income: 80,000

Less Deduction for AGI: (4,000)

Adjusted Gross Income: 76,000

Less higher of itemized deduction or standard deduction: (5,950)

Taxable Income: 70,050

(3) Chin:

Gross Income: 80,000

Less Deduction for AGI: (0)

Adjust Gross Income: 80,000

Less higher of itemized deduction of standard deduction: (8,000)

Taxable Income: 72,000

As we can see from the above, since Ahmed has the highest deductions for AGI he has the lowed adjusted gross income. He can then take use of the fact that he can deduct a standard deduction of 5,950 (while not having any itemized deductions) to further lower his taxable income.

Chin did not have an deductions for AGI which made his taxable income the highest.

Note: Taxpayers can also deduct personal and dependency deductions but these have been excluded in the context of the question based on the assumption that these deductions have either not been made or would be equal for all three taxpayers. The answer would not be affected in either case.

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