Ulysses and Penelope are married and file separate returns for 2019. Penelope itemizes her deductions on her
Question:
Ulysses and Penelope are married and file separate returns for 2019. Penelope itemizes her deductions on her return. Ulysses’ adjusted gross income was $17,400, his itemized deductions were $2,250. Neither have any dependents. Calculate Ulysses’ income tax liability assuming the couple does not live in a community property state.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (5 reviews)
Adjusted gross income 17400 Less Itemized deductions 2250 Taxable income 15150 U...View the full answer
Answered By
Utsab mitra
I have the expertise to deliver these subjects to college and higher-level students. The services would involve only solving assignments, homework help, and others.
I have experience in delivering these subjects for the last 6 years on a freelancing basis in different companies around the globe. I am CMA certified and CGMA UK. I have professional experience of 18 years in the industry involved in the manufacturing company and IT implementation experience of over 12 years.
I have delivered this help to students effortlessly, which is essential to give the students a good grade in their studies.
3.50+
2+ Reviews
10+ Question Solved
Related Book For
Income Tax Fundamentals 2020
ISBN: 9780357108239
38th Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven Gill
Question Posted:
Students also viewed these Business questions
-
Ulysses and Penelope are married and file separate returns for 2018. Penelope itemizes her deductions on her return. Ulysses adjusted gross income was $17,400, his itemized deductions were $2,250....
-
Ulysses and Penelope are married and file separate returns for 2016. Penelope itemizes her deductions on her return. Ulysses' adjusted gross income was $17,400, his itemized deductions were $2,250,...
-
Ulysses and Penelope are married and file separate returns for 2014. Penelope itemizes her deductions on her return. Ulysses adjusted gross income was $17,400, his itemized deductions were $2,250,...
-
Ava bought a house on 1 July 2000 for 62,000. She occupied the entire property as her PPR until 1 August 2007 when she began using one-quarter of the house for business purposes. This continued until...
-
Identify the six relationship-building responses.
-
A 250 V, 50 Hz single-phase supply feeds the following loads: (i) incandescent lamps taking a current of 10A at unity power factor, (ii) fluorescent lamps taking 8 A at a power factor of 0.7 lagging,...
-
P&G calls the step in the sales process when the customer provides feedback to the firm about their purchase __________. a. the third moment of truth b. closing the loop c. the feedback period d. the...
-
CVP, Not for profit Monroe Classical Music Society is a not-for-profit organization that brings guest artists to the communitys greater metropolitan area. The Music Society just bought a small...
-
Acme Company has two divisions, Division A and Division B. Here are data regarding the current year: Division A Division B Sales $180,000 $270,000 Variable expense ratio 70% 60% Segment margin...
-
A synchronous 4-bit UP/DOWN binary counter has a synchronous clear signal CLR and a synchronous load signal LD. CLR has higher priority than LD. Both CLR and LD are active high. D is a 4-bit input to...
-
Diego, age 28, married Dolores, age 27, in 2019. Their salaries for the year amounted to $47,230 and they had interest income of $3,500. Diego and Dolores deductions for adjusted gross income...
-
Alicia, age 27, is a single, full-time college student. She earns $13,200 from a parttime job and has taxable interest income of $1,450. Her itemized deductions are $845. Calculate Alicias taxable...
-
A linear regression model is Units = 3,014 0.639*Week. For week 38, what is the forecast for the number of units?
-
A European apparel manufacturer has production facilities in Italy and China to serve its European market, where annual demand is for 1.9 million units. Demand is expected to stay at the same level...
-
Choose the optimal lot size given fixed ordering costs in a supply chain.
-
A clothing manufacturer is setting up capacity in Spain and Poland for the next three years. Annual demand in each market is 1.5 million units and is likely to remain at that level. The two choices...
-
________ is a service factor performance characteristic of manufacturer or distributor storage with customer pickup that is lower than other options because of the lack of home delivery. Experience...
-
Consider an auto parts retailer implementing distributor storage with last-mile delivery. List some advantages and disadvantages that the retailer would experience with this method.
-
Ken paid the following amounts for interest during 2015: Qualified interest on home mortgage ............................ $4,700 Auto loan interest ......................................................
-
Nike manufactures shoes and sportswear. How has the Internet changed the way this company communicates with its suppliers and retail customers?
-
Please answer the following questions regarding the taxability of Social Security: a. A 68-year-old taxpayer has $20,000 in Social Security income and $100,000 in tax-free municipal bond income. Does...
-
Go to the IRS website (www.irs.gov) and print out a copy of Worksheet 1. Recapture of Alimony in the most recent IRS Publication 504, Divorced or Separated Individuals.
-
How are qualified dividends taxed in 2014? Please give the three rates of tax which apply to qualified dividends, and specify when each of these rates applies....
-
International relations Question 1 options: 1) is concerned strictly with relationships among the world's governments. 2) influences daily life only when war occurs. 3) concerns a variety of...
-
discuss recent advances in our understanding of extremophilic enzymes, adapted to extreme conditions such as high temperature, high pressure, and extreme pH, and their biotechnological implications...
-
Describe one major health policy decision (US or state level) you think was done right and explain why? Describe one major policy decision (US or state level) you think was done wrong and explain how...
Study smarter with the SolutionInn App