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Dmitriy789 [7]
2 years ago
10

Jayde had $33,000 of taxable income in 2018. Based on the table, how much federal income tax will Jayde owe in 2018?

Business
1 answer:
Llana [10]2 years ago
6 0

Answer:

$3,769.50

Explanation:

The computation of federal income tax is shown below:-

Since the taxable income is $33,000

So on the first $9,525 the 10% tax rate is charged i.e $952.50

Now the remaining amount left i.e

= ($33,000 - $9,525) × 12%

= $2,817

So, the total federal income tax for the year 2018 is

= $952.50 + $2,817

= $3,769.50

Hence, the second option is correct

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Sanchez Corporation Selected Financial Information 12/31/18 12/31/17 Cash$20,000 $25,000 Accounts receivable (net) 100,000 110,0
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Answer:

The current ration for 2018 will be "1.55".

Explanation:

The given values are:

The total current assets of 2018 is:

= $310,000

The total current liabilities of 2018 is:

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Now,

The current ratio of 2018 will be:

= \frac{The total \ current \ assets \ of \ 2018}{The \ total \ current \ liabilities \ of \ 2018}

On substituting the estimated values in the above formula, we get

= \frac{310,000}{200,000}

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