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i need help with the quantitative problems Standard deduction for individual: $12,000 Standard deduction for married couples filing jointly: $24,000 Quantitative Problem: Jenna is a

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Standard deduction for individual: $12,000 Standard deduction for married couples filing jointly: $24,000 Quantitative Problem: Jenna is a single taxpayer. During 2018, she eamed wages of \$111,000. She doesn't itemize deductions, so she will take the standard deduction to calculate 2018 taxable income. In addition, during the year she sold common stock that she had owned for five years for a net profit of $4,800. How much does Jenna owe to the IRS for taxes? Do not round intermediate calculations. Round your answer to the nearest cent. 5 Corporate Corporations earn most of their incoene from operations; however, they may also recelve interest and dividend income. income is taxed as ordinary income; however, income is taxed more favorably, 50% of recelved is excluded from taxable income, while the rernaining 50% is taxed at the ordinaty tax rate. For businesses, payments are regarded as an expense so thiy are tax deductible: however parments are not tax deductible. Consequently, our tax system encourages financing over financing. Depreciation expense is tax deductible, so the larger the depreciation, the the taxable inconse, the the taxes, and the the firm's operating cash flow. Quantitative Problem: Andrews Corporation has income from operations of $229,000. in addition, it received interest income of $22,900 and received dividend income of $31,200 from another corporation. Finally, it paid $12,700 of interest income to iks bondholders and paid $47,200 of dividends to its cornmori stockholders. The firm's federal tax rate is 21%. What is the firm's fedural incorne tax? Do not raund Intermediate calculations. Round your answer to the nearest dollar

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