Business, 13.02.2020 22:42 Tayannamorgan2373

Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan interest and $3,600 to her 401(k) plan at work. Calculate the following a. Adjusted Gross Income. b. Assuming only standardized deductions available, what is his taxable income for 2019?c. Using 2019 tax brackets, what is his marginal federal tax rate? d. Total federal tax due. e. Average federal tax rate on taxable income. f. Calculate the FICA tax due. g. Assuming no state and city tax rate, what is his effective marginal tax rate?

Answers: 3

Show answers

Another question on Business

Business, 22.06.2019 10:30

The card shoppe needs to maintain 21 percent of its sales in net working capital. currently, the store is considering a four-year project that will increase sales from its current level of $349,000 to $408,000 the first year and to $414,000 a year for the following three years of the project. what amount should be included in the project analysis for net working capital in year 4 of the project?

Answers: 3

Answer

Business, 22.06.2019 11:00

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Answers: 1

Answer

Business, 22.06.2019 14:40

In the fall of 2008, aig, the largest insurance company in the world at the time, was at risk of defaulting due to the severity of the global financial crisis. as a result, the u.s. government stepped in to support aig with large capital injections and an ownership stake. how would this affect, if at all, the yield and risk premium on aig corporate debt?

Answers: 3

Answer

Business, 22.06.2019 18:30

Order these statements in the correct order to fill in the central idea and key points for a chronological speech. question 22 options: there are several steps that someone must take to become a doctor. finally, you will need to get a medical license, and become board certified in your specialty area. then, you must get admitted into to medical school and earn a medical degree. next, you will need to complete a residency. first you must earn a bachelors degree.

Answers: 2

Answer

You know the right answer?

Mr. Jones is a single person who makes $45,000 in 2019. This year she paid $2,000 in student loan in...

Questions