Jim and pat are married and file jointly. in 2015, jim earned a salary of $46,000. pat is self employed. her gross business income was $49,000 and her business expenses totaled $24,000. each contributed $5,000 to a deductible ira. their itemized deductions totaled $13,000. compute parts a, b, and c without regarding to self employment tax.
a. compute their gross income
b. compute their adjusted gross income
c. compute their taxable income assuming they have a dependent daughter.

The federal reserve's organization while all members of the federal reserve board of governors vote at federal open market committee (fomc) meetings, only of the regional bank presidents are members of the fomc. the federal reserve's role as a lender of last resort involves lending to which of the following financially troubled institutions? u.s. banks that cannot borrow elsewhere governments in developing countries during currency crises u.s. state governments when they run short on tax revenues the federal reserve's primary tool for changing the money supply is . in order to decrease the number of dollars in the u.s. economy (the money supply), the federal reserve will government bonds.

Oliver's company is planning the launch of their hybrid cars. the company has included "never-before-seen" product benefits in the hybrid cars. which type of advertising should oliver's company use for the new cars?

Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.