{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-06-28T04:45:31-04:00", "answer_date": "2024-06-28 04:45:31", "is_docs_available": null, "is_excel_available": null, "is_pdf_available": null, "count_file_available": 0, "main_page": "student_question_view", "question_id": "4242198", "url": "\/study-help\/questions\/jason-and-jill-are-married-and-have-a-sixyearold-daughter-4242198", "question_creation_date_js": "2024-06-28T04:45:31-04:00", "question_creation_date": "Jun 28, 2024 04:45 AM", "meta_title": "[Solved] Jason and Jill are married and have a six | SolutionInn", "meta_description": "Answer of - Jason and Jill are married and have a six-year-old daughter. During the year, they sell one acre of land for $80,000. | SolutionInn", "meta_keywords": "jason,jill,married,six-year-old,daughter,year,sell,one,acre,land,$80,000,three", "question_title_h1": "Jason and Jill are married and have a six-year-old daughter. During the year, they sell one acre of land for $80,000. Three years ago, they", "question_title": "Jason and Jill are married and have a six-year-old daughter. During the", "question_title_for_js_snippet": "Jason and Jill are married and have a six year old daughter During the year, they sell one acre of land for $80,000 Three years ago, they paid $70,000 for two acres of land Their other income and deductions are as follows Jill's commissions $82,000 Jason's salary 46,000 Dividend income 5,000 Interest income 8,000 Short term loss on sale ofstockin Nippon Inc 15,000 Deductions for adjusted gross income 28,000 Click the link to view the necessarytax schedules The standard deduction is $12,600 for married taxpayers filing jointly The personal anddependencyexeption is $4,000 Dividends and net long term capital gains are taxed at a rate of 15 Round intermediate calculations to the nearest dollar Jason and Jill's taxable income is $ Thetaxon their eligible dividends and capital gains is $and totalincome taxliability is $for the current year ", "question_description": "

Jason and Jill are married and have a six-year-old daughter. During the year, they sell one acre of land for $80,000. Three years ago, they paid $70,000 for two acres of land. Their other income and deductions are as follows:<\/p>
Jill's commissions<\/td> $82,000<\/td> <\/tr>
Jason's salary<\/td> 46,000<\/td> <\/tr>
Dividend income<\/td> 5,000<\/td> <\/tr>
Interest income<\/td> 8,000<\/td> <\/tr>
Short-term loss on sale ofstockin Nippon Inc.<\/td> 15,000<\/td> <\/tr>
Deductions for adjusted gross income<\/td> 28,000<\/td> <\/tr> <\/tbody><\/table> <\/td><\/tr><\/tbody><\/table>

Click the link to view the necessarytax schedules.<\/p>

The standard deduction is $12,600 for married taxpayers filing jointly. The personal anddependencyexeption is $4,000. Dividends and net long-term capital gains are taxed at a rate of 15%.<\/p>

Round intermediate calculations to the nearest dollar.<\/p>

Jason and Jill's taxable income is $. Thetaxon their eligible dividends and capital gains is $and totalincome taxliability is $for the current year.<\/p>", "transcribed_text": "", "related_book": { "title": "Auditing and Assurance Services", "isbn": "978-1259573286, 1259573281, 978-1260152166", "edition": "7th edition", "authors": "Timothy Louwers, Allen Blay, David Sinason, Jerry Strawser, Jay Thibodeau", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1263.jpg", "uri": "\/textbooks\/auditing-and-assurance-services-7th-edition-1263", "see_more_uri": "" }, "free_related_book": { "isbn": "0323734081", "uri": "\/textbooks\/workbook-and-lab-manual-for-mosbys-pharmacy-technician-principles-and-practice-6th-edition-978-0323734080-265815", "name": "Workbook And Lab Manual For Mosbys Pharmacy Technician Principles And Practice", "edition": "6th Edition" }, "question_posted": "2024-06-28 04:45:31", "see_more_questions_link": "\/study-help\/questions\/business-economics-2023-September-08", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/discuss-the-role-an-advertising-slogan-plays-in-the-development", "description": "Discuss the role an advertising slogan plays in the development of an advertising campaign as well as some of the factors that should be considered in developing an effective tagline. 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