In 2019, Jasmine and Thomas, a married couple, had taxable income of $150,000. If they were to
Question:
In 2019, Jasmine and Thomas, a married couple, had taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have reported taxable income of $10,000. What is the couple’s marriage penalty or benefit?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (QA)
Step 1 Certainly lets break it down more clearly and explain the concept in a more understandable way Jasmine and Thomas a married couple had a total ...View the full answer
Answered By
Ashington Waweru
I am a lecturer, research writer and also a qualified financial analyst and accountant. I am qualified and articulate in many disciplines including English, Accounting, Finance, Quantitative spreadsheet analysis, Economics, and Statistics. I am an expert with sixteen years of experience in online industry-related work. I have a master's in business administration and a bachelor’s degree in education, accounting, and economics options.
I am a writer and proofreading expert with sixteen years of experience in online writing, proofreading, and text editing. I have vast knowledge and experience in writing techniques and styles such as APA, ASA, MLA, Chicago, Turabian, IEEE, and many others.
I am also an online blogger and research writer with sixteen years of writing and proofreading articles and reports. I have written many scripts and articles for blogs, and I also specialize in search engine
I have sixteen years of experience in Excel data entry, Excel data analysis, R-studio quantitative analysis, SPSS quantitative analysis, research writing, and proofreading articles and reports. I will deliver the highest quality online and offline Excel, R, SPSS, and other spreadsheet solutions within your operational deadlines. I have also compiled many original Excel quantitative and text spreadsheets which solve client’s problems in my research writing career.
I have extensive enterprise resource planning accounting, financial modeling, financial reporting, and company analysis: customer relationship management, enterprise resource planning, financial accounting projects, and corporate finance.
I am articulate in psychology, engineering, nursing, counseling, project management, accounting, finance, quantitative spreadsheet analysis, statistical and economic analysis, among many other industry fields and academic disciplines. I work to solve problems and provide accurate and credible solutions and research reports in all industries in the global economy.
I have taught and conducted masters and Ph.D. thesis research for specialists in Quantitative finance, Financial Accounting, Actuarial science, Macroeconomics, Microeconomics, Risk Management, Managerial Economics, Engineering Economics, Financial economics, Taxation and many other disciplines including water engineering, psychology, e-commerce, mechanical engineering, leadership and many others.
I have developed many courses on online websites like Teachable and Thinkific. I also developed an accounting reporting automation software project for Utafiti sacco located at ILRI Uthiru Kenya when I was working there in year 2001.
I am a mature, self-motivated worker who delivers high-quality, on-time reports which solve client’s problems accurately.
I have written many academic and professional industry research papers and tutored many clients from college to university undergraduate, master's and Ph.D. students, and corporate professionals. I anticipate your hiring me.
I know I will deliver the highest quality work you will find anywhere to award me your project work. Please note that I am looking for a long-term work relationship with you. I look forward to you delivering the best service to you.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
McGraw Hills Essentials Of Federal Taxation 2020 Edition
ISBN: 9781260433128
11th Edition
Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver
Question Posted:
Students also viewed these Business questions
-
In 2015, Jasmine and Thomas, a married couple, have taxable income of $150,000. If they were to file separate tax returns, Jasmine would have reported taxable income of $140,000 and Thomas would have...
-
Consider a right-tailed test (upper tail) and a sample size of 40 at the 95% confidence level. The value of t is ________. a. +2.023 b. -2.023 c. -1.685 d. +1.685
-
In 2017, Lisa and Fred, a married couple, have taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported...
-
You work for North Carolina Parks and Recreation. Do you support or oppose the idea to unionize federal and state employees? Explain your thoughts below.
-
Geologists have learned of periods in the past when the Strait of Gibraltar closed off, and the Mediterranean Sea dried out and become a desert. Later, when the strait reopened, a massive saltwater...
-
There is emerging evidence that emotional intelligence of group members can promote: a. cohesiveness b. conflict c. informal leadership d. group norms
-
The variation of free energy with pressure at constant temperature is (a) \(G_{1}-G_{2}=n R T \ln \frac{P_{2}}{P_{1}}\) (b) \(G_{2}-G_{1}=n R T \ln \frac{P_{2}}{P_{1}}\) (c) \(G_{2}-G_{1}=n R T \ln...
-
Rapid Tech Corporation issued $2,000,000 of 9 percent bonds on October 1, 2014, at 96. The bonds are dated October 1 and pay interest semiannually. The market interest rate is 10 percent, and Rapid...
-
(a) What is the maximum number that we can count up to using 11 bits? [2 mark] (b) Given that Y = 13810 and X= 1728, using 8-bit 2'S complement signed binary arithmetic, perform X-Y. (c) Consider the...
-
Lacy is a single taxpayer. In 2019, her taxable income is $40,000. What is her tax liability in each of the following alternative situations? a. All of her income is salary from her employer. b. Her...
-
In 2019, Lisa and Fred, a married couple, had taxable income of $300,000. If they were to file separate tax returns, Lisa would have reported taxable income of $125,000 and Fred would have reported...
-
Should a post-hoc test be completed for the results in the ANOVA summary table in Exercise 10.105? Data from exercise 10.105 Given this ANOVA summary table, write the results in APA format using...
-
Individual Retirement Account (IRA) Bonds Mutual fund Stocks Futures Defined contribution plans What is it? Level of Risk and Potential Return Minimum investment? Easy to start or stop?
-
Are the number and influence of domestic safety regulations increasing or decreasing in the motor carrier industry? Are the number and influence of domestic environmental regulations increasing or...
-
A privately-owned housebuilding company in Europe is financed entirely by its two owners and for project appraisal purposes they use a discount rate of 10%. The two owners are considering the...
-
Describe characteristics that contribute to promoting professionalism in early childhood programs and display professionalism in the classroom environment. 7.1 Develop an understanding of what it...
-
A company's ROE 19.4 % and dividents payable ratio of 30% what is the sustainable growth rate?
-
Dorina Company makes cases of canned dog food in batches of 1,000 cases and sells each case for $15. The plant capacity is 50,000 cases; the company currently makes 40,000 cases. DoggieMart has...
-
Using the parallel-axis theorem, determine the product of inertia of the area shown with respect to the centroidal x and y axes. 6 in. 9 in. 9 in- 4.5 in. in. 4.5 in.
-
Explain the argument that the deductions for charitable contributions and home mortgage interest represent indirect subsidies for these activities.
-
Explain the argument that the deductions for charitable contributions and home mortgage interest represent indirect subsidies for these activities.
-
Cash donations to charity are subject to a number of very specific substantiation requirements. Describe these requirements and how charitable gifts can be substantiated. Describe the substantiation...
-
write a program called MultipleChoice.java that creates a multiple choice question with 5 possible answers. Here is my code: public class MultipleChoice{ String question = (""), answerText = (""),...
-
At a grocery store, certain categories of products sold have beenestablished and this information is to be computerized. Write afunction to scan and store and information in a structure variablewhose...
-
void fun(int first, int second){ first +=first; second+= second; } void main( ) int list [2] = {1, 3}; fun (list[0], list[1]);} For eachof the following parameter-passing methods, what are the values...
Study smarter with the SolutionInn App