Hagar works as an electrician for JMB Electrical Company and earns $122,000 in 2021. He also works

Fantastic news! We've Found the answer you've been seeking!

Question:

Hagar works as an electrician for JMB Electrical Company and earns $122,000 in 2021. He also works part-time as a bartender and earns $36,000 in 2021. If his taxable income is $170,000 and his federal income tax withheld is $37,400, what is his refund?

Posted Date: Dec 10, 2021 03:58 PM

See More Questions

Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? a. All of his...
Alexander works as an electrician at a small company that provides no retirement benefits. He receives a salary of $45,000. In addition, Alexander operates a small roof repair service as a sole...
An electrical contractor is examining the amount of time his crews take to complete wiring jobs. Some crews seem to take longer than others. For an upcoming job, a list of activities and their...
Consider an asset allocation problem with one risky asset and one risk-free asset .There are four investors .Each investor maximizes a mean-variance utility function to make their optimal investment...
For stocks 1 and 2, S1 = $40, S2 = $100, and the return correlation is 0.45. Let r = 0.08, 1= 0.30, 2 = 0.50, and 1= 2 = 0. Generate 1000 1-month prices for the two stocks. For each stock, compute...
Complete the balance sheet and sales information in the table that follows for Isberg Industries using the following financial data: Debt ratio: 50% Quick ratio: 0.80 Total assets turnover: 1.5 Days...
What roles do code review and testing play in quality assurance? Compare and contrast.
Hitech Appliance Company's accountant has been reviewing the firm's past television sales. For the past two years, Hitech has been offering an extended service contract on all televisions sold. With...
David has borrowed $600 from the bank. The bank is charging him an interest of 18.39% compounded monthly. David would like to pay back the entire loan with a single payment 3 years from today. How...
Butler, Inc., operates at capacity and makes wooden playground equipment. Although Butlers swing sets and play forts are a matching set, they are sold individually and so the sales mix is not 1:1....
we have discussed how the LU decomposition of a matrix can be used to obtain inverse of a square matrix. 1. Write a MATLAB function file that takes a square matrix A E Rx as input and computes...
Again, you are dealt 4 cards. The first card is a spade, the second a heart, the third a diamond, and the fourth a club. What is the probability that you are dealt all 4 aces?
An advertising executive decides that a television commercial should be shown on two television stations. If three television stations serve the area the company wants to reach, how many possible...
Your investment advisor has a portfolio of 75 stocks: 40 high-growth stocks and 35 high-dividend stocks. Of the 40 high-growth stocks, 25 have increased in value over the last year, whereas 10 of the...
The Tastee Coffee Company is about to begin selling a new gourmet coffee. Company managers know that the probability the product will be profitable is 20 %. They also know that the probability that...
You have drawn three diamonds, one spade, and one heart from a deck of cards. If you discard the spade and the heart, what is the probability of your drawing two cards from the remaining 47 cards to...
Your dream is to take up a job that basically provides wages that has a present value of at least $1,000,000 today (Ignoring taxes). Other words, you want the present value of all net future earning...
For each of the following reactions, express the equilibrium constant: a) H20 (I) H2 (g) + 02 (g) Ke = 1.0x107 b) Fe2 (g) 2F (g) Ke= 4.9 x 10-21 c) C (s) + O2 (g) d) H2 (g) + C2H4 (g) C2H6 (g) Ke =...
Can the displacement of a persons trip be zero, yet the distance involved in the trip is nonzero? How about the reverse situation? Explain.
An object traveling at a constant velocity vo experiences a constant acceleration in the same direction for a period of time t. Then an acceleration of equal magnitude is experienced in the opposite...
You are told that a person has walked 750 m. What can you safely say about the persons final position relative to the starting point?

Hagar works as an electrician for JMB Electrical Company and earns $122,000 in 2021. He also works

Question:

Expert Answer:

Income tax computation of Hagar for 2021 Therefore the net refund will be 587550 Particulars Am... View the full answer

Students also viewed these accounting questions