at what age does a taxpayer qualify for an additional standard deduction amount
Answers
The age at which a taxpayer qualifies for an additional standard deduction amount is 65 years or older.
The additional standard deduction amount is available to taxpayers who are 65 years of age or older. The additional standard deduction amount that can be claimed is dependent on the filing status of the taxpayer. For the tax year 2021, the additional standard deduction amount for single filers is $1,700, and for married filers (filing jointly) is $1,350.A standard deduction is the amount that reduces the amount of income that is subject to tax and is determined based on the taxpayer's filing status.
The age at which a taxpayer qualifies for an additional standard deduction amount is 65 years or older. The additional standard deduction amount is available to taxpayers who are 65 years of age or older. The additional standard deduction amount that can be claimed is dependent on the filing status of the taxpayer.
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Related Questions
a broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. what additional information does the broker need to include?
Answers
Since the broker already add the brokerage's name, location, and phone number on the website to advertise the broker's office; then no need for any additional disclosures. The correct answer is option D.
What is a broker?A broker is an individual or firm that acts as an intermediary between a buyer and a seller; or between an investor and a securities exchange, who buys and sells goods or assets for others. A broker can also refer to the role of a firm when it acts as an agent for a customer and charges the customer a commission for its services.
There are 3 types of brokers, those are: Online brokers, a new form of digital investment which interacts with the customer on the internet; Discount brokers, a stockbroker who performs buy and sell orders at a reduced commission rate; and Full-service brokers.
Although part of your question is missing, you might be referring to this full question: A broker developed a website to advertise the broker's office with the brokerage's name, location, and phone number. What additional information does the broker need to include?
A. Name and address of the home office and the states in which the brokerage holds licenses
B. License number of the brokerage and list of current active licensees
C. Names of active licensees, addresses, and phone numbers
D. No need for any additional disclosures
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The role the government plays and the characteristics of local business environment
Answers
Answer:
Explanation:
The government's role in business includes protecting the consumer or customer. When a vendor fails to honor the guarantee, the purchaser has recourse in the law. likewise, when a product causes harm to an individual, the courts may hold the vendor or manufacturer responsible.
Randall describes his job this way.
"I visit different office buildings and service heating and cooling units that are not working properly."
Which of the Construction industry careers is Randall most likely part of?
O Landscaping
O Construction
O Maintenance/Operations
O Design/Pre-Construction
Help now please
Answers
Answer:
It is most likely c
Explanation:
Answer:
The correct answer is C.
Explanation:
Randall is most likely part of Maintenance/Operations.
Hopefully, this helps! :D
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when an insurer begins underwriting procedures for an applicant, what will be the main source for its underwriting information?
Answers
When an insurer begins underwriting procedures for an applicant, the main source for its underwriting information will typically be the application submitted by the applicant. The insurer will rely on the information provided in the application to assess the risk of insuring the applicant and to determine the appropriate premium to charge.
In addition to the application, the insurer may also collect additional information from external sources, such as medical records, credit reports, and driving records. This additional information can provide the insurer with a more complete picture of the applicant's risk profile and help to make more informed underwriting decisions.
The insurer may also use actuarial data and statistical models to analyze the risk associated with insuring the applicant. This information can help the insurer to predict the likelihood of a claim being made and to determine the appropriate premium to charge based on the level of risk.
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true or false? the aggregate supply (as) curve is the total quantity of final goods and services supplied at different price levels.
Answers
True. The aggregate supply (AS) curve represents the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels
The aggregate supply (AS) curve depicts the total quantity of final goods and services that all suppliers in an economy are willing to produce and supply at different price levels. It represents the relationship between the overall price level in the economy and the total output or GDP that firms are willing to supply. As the price level increases, firms tend to supply more goods and services, resulting in an upward-sloping AS curve. Conversely, as the price level decreases, firms may reduce their production levels, leading to a downward-sloping AS curve in some cases.
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Post-Assessment
Question 2 of 5
Why is buying a car considered "bad debt"?
It decreases in value over time
It increases your net worth as it build equity
It gives you transportation to and from your job
It is worth more than any other investment
Submit
Continue
E
Answers
The reason why buying a car considered "bad debt"is that It decreases in value over time. option A
What is bad debt?The term bad debt can be described as the amount of money that a creditor must write off as a result of a default on the part of the debtor in a case whereby the creditor has a bad debt on the books, then things turn to uncollectible and is recorded as a charge-off.
It should be noted that a case can be regarded as bad debt because the value of the asset you receive from the loan depreciates quickly however in some cases interest charges increase how the amount that is been paid for the vehicle. and in thius case cost is higher compare to what it would be if you'd purchased the car outright with cash.
Hence, option A is correct.
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What would his savings rate need to be to accomplish his goal of contributing $4,000 a year towards his college education? Explain your answer.
Answers
A person is the goal to saving the money as the contributing the $4,000 it was the saves the mostly of the $2400.
What is savings?
The term saving refer to the total amount was to spend on the expenses and the how-to saves. The savings are the always benefit in the future. A person is the saved in the money to bank are create the more interest.
According to the information as the saving to the per hour $10. The saving to the number of hours to the week, 20 hours. There was the total money in the week $200. The conclusion was the summer that is 12 weeks are $200 x 12 weeks = $2400.
As a result, the total money of the savings to $2400.
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An employee received the following benefits: regular compensation income, net of P25,000 SSS, PHIC & HDMF employee share - P850,000; 13th month pay −P120,000; De minimis benefits within their limits - P90,000; Excess de minimis benefits - P70,000; Other de minimis benefits - P30,000; Other fringe benefits P60,000. Using the tax table below, how much is income tax due of this employee?
Answers
To calculate the income tax due for the employee, we need to determine their taxable income first. Let's break down the components and calculate the taxable income step by step:
1. Regular Compensation Income (net of SSS, PHIC, and HDMF employee share): P850,000
2. 13th Month Pay: P120,000
3. De Minimis Benefits within their limits: P90,000
4. Excess De Minimis Benefits: P70,000
5. Other De Minimis Benefits: P30,000
6. Other Fringe Benefits: P60,000
Now, let's calculate the taxable income:
Total Compensation Income:
Regular Compensation Income: P850,000
13th Month Pay: P120,000
Total: P970,000
Taxable Compensation Income:
Total Compensation Income: P970,000
Less: De Minimis Benefits within limits: P90,000
Less: Excess De Minimis Benefits: P70,000
Taxable Compensation Income: P810,000
Now that we have the taxable compensation income, we can use the tax table to determine the income tax due. Please note that the tax table rates may vary depending on the tax regulations of the specific country or region. Since the tax table was not provided in the question, I'll provide a hypothetical example tax table for demonstration purposes:
Income Tax Table (Hypothetical Example):
Taxable Income Range (in PHP) | Tax Rate
Up to 250,000 | 0%
250,001 - 400,000 | 20%
400,001 - 800,000 | 25%
800,001 and above | 30%
Using the hypothetical tax table, let's calculate the income tax due based on the taxable compensation income of P810,000:
Taxable Income: P810,000
First 250,000 at 0%: 250,000 × 0% = 0
Next 160,000 at 20%: 160,000 × 20% = 32,000
Next 410,000 at 25%: 410,000 × 25% = 102,500
Total Income Tax Due: 0 + 32,000 + 102,500 = P134,500
Therefore, based on the given information and the hypothetical tax table, the income tax due for this employee would be P134,500. Please note that the actual income tax due may vary depending on the applicable tax laws and rates in your specific jurisdiction.
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1. From each paycheck of your afterschool job, you're able to save $45 toward the coat. You get paid twice a
month. How many months will it take you to save enough money to buy your North Face jacket?Using this strategy, how will inflation impact your ability to buy the jacket?
Answers
Answer:
1. 4 months.
2. Makes jacket more expensive
Explanation:
You get paid twice a month which means that you can save:
= 45 * 2
= $90 per month
The jacket is $350 so it will take:
= 350/90
= 3.88
= 4 months to afford it.
4 * 90 = $360
Assuming there is inflation in those 4 months, it will make the price of the jacket rise and if the inflation rate is such that the price rises past $360, you will be unable to afford the jacket at that point in time and will have to wait to be paid again.
The production era marked a time when companies were able to increase their profits because they were able to decrease their production costs.
True
False
Answers
Answer:
true
Explanation:
it was the time of the production line making it easy to make expensive things with people that are lower skilled and cheaper overall
Answer:
True
Explanation:
have a good day
Social workers help to improve the quality of life for their clients.
A-True
B-False
Hurry
Answers
Answer:
A
Explanation:
Answer:
I think True
Explanation:
What is Word World?
September is National Courtesy Month. What is a synonym for courtesy?
Give two examples of how you show courtesy to other
Answers
here is some examples I hope it helps
Match the phrase that follows with the term (a-e) it describes. integrated set of operating and financing budgets for a period of time estimates the number of units to be manufactured to meet sales and inventory levels shows expected results at several activity levels begins by estimating the quantity of sales shows expected results at only one activity level 1. static budget 2. flexible budget 3. master budget 4. sales budget 5. production budget
Answers
1. Master budget: it is an integrated set of operating and financing budgets for a period of time.
2. Production budget: it estimates the number of units to be manufactured to meet sales and inventory levels.
3. Flexible budget: it shows expected results at several activity levels.
4. Sales budget: it begins by estimating the quantity of sales.
5. Static budget: it shows expected results at only one activity level.
A budget can be defined as a financial plan that is used for the estimation of revenue and expenditures of an individual, organization or government, especially for a specified period of time, often one (1) year.
Basically, there are different types of budget and this include:
1. Master budget: it comprises an integrated set of both investing, operating and financing budgets for a specified period of time, often one (1) year.
2. Production budget: it estimates the number of units to be manufactured by a business firm, so as to meet budgeted sales and inventory levels.
3. Flexible budget: it shows expected results of a business firm (responsibility center) at several activity levels.
It is also referred to as variable budget and it's used both before and after a period's activities are completed.4. Sales budget: it begins by estimating the quantity of sales.
Once the quantity of sales are estimated, the sales revenue that are expected is calculated by multiplying the expected unit sales price by the volume.5. Static budget: it shows expected results of a business firm (responsibility center) at only one activity level.
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a seller offers to provide a loan for a buyer who cannot qualify through a bank. if he provides loans for more than two properties in a two year period, he must
Answers
Seller offering loans for buyers unable to qualify through a bank. If a seller provides loans for more than two properties within a two-year period, they must comply with certain regulations.
When a seller offers loans to buyers who cannot qualify through a bank, they are essentially acting as a lender. In such cases, if the seller provides loans for more than two properties in a two-year period, they may be subject to additional regulations. In the United States, for example, the Dodd-Frank Act imposes restrictions on "loan originators" who offer or arrange mortgage loans. These regulations aim to protect consumers and ensure fair lending practices. Sellers who exceed the loan limit may be required to obtain a mortgage originator license or work with a licensed mortgage professional to remain compliant with the law. It's important for sellers to understand and adhere to the relevant regulations in their jurisdiction to avoid legal consequences and maintain ethical business practices.
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Under the LIFO retail method, we determine that:__________.
a) a new layer of inventory has been added during the period if the ending inventory at retail is greater than the beginning inventory at cost.
b) the ending inventory at retail is greater than the beginning inventory at retail.
c) the ending inventory at retail is less than the beginning inventory at retail.
Answers
Answer: the ending inventory at retail is greater than the beginning inventory at retail
Explanation:
In the Last-In-First-Out(LIFO) method, it is assumed that the units that are sold are the ones that were recently bought.
Under the LIFO retail method, to determine a new layer at retail, the beginning inventory at the retail will have to be deducted from the ending inventory at retail.
This means that a new layer of inventory will be added when the ending inventory at retail is greater than the beginning inventory at retail.
Question 2 of 40
What does the 'P' in the acronym PEST stand for?
A. Price
B. Political
C. Promotion
O D. Positive
SUBN
Answers
Answer:
The answer would be B. Political.
Explanation:
PEST Analysis (Political, Economic, Social, and Technological) is a management method whereby an organization can assess major external factors that influence its operation in order to become more competitive in the market. As described by the acronym, those four areas are central to this model.
The 'P' in the acronym PEST stands for political. The correct option is B. Political, Economic, Social, and Technological analysis is known as PEST analysis. This kind of analysis is used to evaluate outside variables that might affect a company's profitability.
What is political in PEST analysis?The threats and weaknesses used in a SWOT analysis are found using a PESTEL analysis. Political factors include government leadership, change, and policies related to foreign trade, as well as internal political issues and trends, tax policy, and trends in regulation and deregulation.
A measurement tool called PEST Analysis is used to evaluate markets for a specific product or industry over a specific period of time. Political, Economic, Social, and Technological (PEST) factors Organizations can make better business decisions after these factors are analyzed.
Thus, the ideal selection is option B.
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the federal budget deficit has grown so quickly in the past 10–15 years because of
Answers
The federal budget deficit has grown so quickly in the past 10-15 years primarily because of increased government spending, tax revenue fluctuations, and economic factors.
The Factors contributing to the deficit 1. Government spending: The rise in spending on various programs, such as defense, healthcare (Medicare and Medicaid), and social security, has led to higher expenditure and contributed to the deficit. 2. Tax revenue fluctuations: Changes in tax policies, like the implementation of tax cuts, can lead to reduced revenue, making it difficult for the government to balance the budget. 3. Economic factors: Recessions or economic downturns can result in decreased tax revenues and increased government spending on social welfare programs, further contributing to the deficit.Learn more about deficit at
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the ________ shows the relationship between the price level and quantity of real gdp demanded.
Answers
The Aggregate Demand Curve shows that the relationship between the price and level and quantity of real gdp demanded.
The aggregate demand curve is a graphical representation of the relationship between the aggregate quantity of goods and services demanded in an economy and the overall price level. It is an economic tool used to analyze macroeconomic conditions and to evaluate the effects of fiscal and monetary policies on the economy. In the aggregate demand curve, the quantity of output demanded increases as the price level decreases. This inverse relationship is known as the law of demand. As the price level rises, the quantity of output demanded decreases. The downward slope of the aggregate demand curve is a result of the law of diminishing marginal utility.
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Peter is planning his finances for the next couple of years. He wants to save money to eventually buy a house because he will be getting married
soon. He has created a savings plan revolving around his necessary expenses, and he has set a target of three years to save up a down payment
for a house. At which phase of the financial life cycle is Peter in?
Peter is in the____
phase of the financial life cycle.
Answers
Victor Lorenz realizes that he needs a new car, so he has read through Consumer Reports and has visited selected dealerships to gather more information. According to the steps involved in a purchase decision, he is ready to
Answers
Available Options Are:
A) weigh the various options that have come to light.
B) make a choice.
C) acknowledge that a problem exists.
D) look for information that may include brand names and product characteristics.
E) acquire the car.
Answer:
Option A. Weigh the various options that have come to light
Explanation:
Victor Lorenz is in the phase of option analysis which is weighing each available options to find the best option and opt it. The customer analyzes the features, capabilities, financial and non financial implications of the product and then take decision to choose the right one. Usually knowledgeable customers have this attitude and their choices are far much better as they research for better options to opt.
Your friend asks you, “How early do you think I should start saving and searching for scholarships and state aid?” What do you recommend? Why?
Answers
If my friend asks me about when He/She should start saving then I would suggest that the person should start saving when they have a salary in which they can completely afford their basic living,any surplus of the basic living should be saved.
Only a minimal of salary should be spent on luxuries, the person should start searching for scholarships when they are ready to go college and want the scholarship assistance.
State Aid should only be applied for if the person cannot afford their studies by doing job and when they are unable to secure any scholarship.
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3) Bill weighs 220 pounds and is losing 4 pounds each month. Phil weigh 250 pounds and is losing 10 pounds each month. How many months, m, will it take for Bill to weigh the same as Phil? How much will they weigh?
Answers
5 months and 200 pounds
4x5 = 20
220-20
200
10x5 = 50
250-50
200
which of the following is true of limited liability companies? an llc can be sued by third-parties as a separate entity. an llc cannot enter into contracts under its own name. an llc is a legal entity indistinct from its members. an llc cannot be a manager-managed business entity.
Answers
An LLC can be sued by third-parties as a separate entity.
A limited liability company (LLC) is a business structure in the U.S. that protects its owners from personal responsibility for its debts or liabilities. Limited liability companies are hybrid entities that combine the characteristics of a corporation with those of a partnership or sole proprietorship.
While the limited liability feature is similar to that of a corporation, the availability of flow-through taxation to the members of an LLC is a feature of a partnership rather than an LLC. The limited liability company (LLC) is a corporate structure that protects its owners from being personally pursued for repayment of the company's debts or liabilities. Regulation of LLCs varies from state to state. Any entity or individual can be a member of an LLC with the notable exceptions of banks and insurance companies. LLCs do not pay taxes on their profits directly. Their profits and losses are passed through to members, who report them on their individual tax returns.
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calculate the percentage by mass of all the components element in sodium trioxonitrate(v)
Answers
Sodium =27.05
Nitrogen=16.47
Oxygen=56.46
suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending december 31, 2022. calculate the dupont identity.
Answers
The DuPont Identity is 0.0477.
Suppose that the company had sales of $2,751,332 and net income of $86,432 for the year ending December 31, 2022. Calculate the DuPont Identity.
The DuPont Identity is a method of breaking down Return on Equity (ROE) into its component parts, allowing analysts to evaluate the sources of the company's profitability.
The formula for the DuPont identity is as follows:ROE = (Net Income/Sales) x (Sales/Total Assets) x (Total Assets/Shareholders' Equity)
ROE is calculated by dividing Net Income by Sales.ROE = Net Income / SalesROE = $86,432 / $2,751,332ROE = 0.0314
The formula for the DuPont identity is:ROE = Net Income / Sales x Sales / Total Assets x Total Assets / Shareholders' Equity ROE = Net Income / Shareholders'
Equity / Total Assets x Total Assets / SalesROE = (Net Income / Sales) x (Total Assets / Shareholders' Equity)ROE = Profit Margin x Asset Turnover x Financial Leverage
We can then substitute the values for Profit Margin, Asset Turnover, and Financial Leverage:ROE = (Net Income / Sales) x (Sales / Total Assets) x (Total Assets / Shareholders' Equity)ROE = 0.0314 x 1.05 x 1.36ROE = 0.0477 The DuPont Identity is 0.0477.
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If a company lies about its finances to investors, the company is committing which kind of tort?
A. Libel
B. Fraud
C. Slander
D. Interference
Answers
Answer: c
Explanation:
A decline in the value of the U.S. dollar will likely result in an increase in the —answer choices- price of products- use of credit card- amount of gold reserves- use of bartering
Answers
A drop in the american dollar will probably lead to a rise in goods
prices.
Which nation has the highest dollar?Iraqi Dinar (KWD) The Kuwaiti pounds has continued to be the most valued currency ever because of Kuwait's steady economy. Because it possesses one of the greatest reserves in the world, the economy of the nation is heavily dependent on oil exports.
Is a dollar increase anticipated in 2022?By the conclusion of this quarter, experts and Trading Economics' global macro models predict that the US dollar will be trading at 106.21. Looking forward, we predict it will trade at 110.87 in a year.
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You purchase $300 worth of the same stock every quarter for one year at prices per share of $15, $12, $10, and $20, respectively. By using this dollar-cost averaging strategy, you paid less overall than the average share price of $14.25. What was the average cost per share that you paid?
please help
Answers
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
What is your major(potential) in college?
Answers
Choose one kind of indoor and one kind outdoor work environment, such as factory work and construction or office work and oil field work.
Answers
Access to comfortable and adequate seating, clean workspaces and functional desks can ensure indoor workplaces remain efficient.
Explain the term indoor workplaces.
Indoor workplace refers to any indoor location of employment or job-type service, whether part-time or full-time, paid or unpaid, performed for or at the direction of another individual or individuals, or any public or private institution. Any service rendered by an owner, employee, independent contractor, agent, partner, proprietor, manager, officer, director, apprentice, trainee, associate, servant, or volunteer must qualify as one of these services. An indoor workplace is any space between a floor and ceiling that is primarily or entirely enclosed by walls or windows, regardless of doors, doorways, open or closed windows, stairways, or the like. This includes work areas, employee lounges, restrooms, conference rooms, classrooms, employee cafeterias, hallways, and any other spaces used or visited by employees.
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