Paige. age 17, is a dependent of her parents. Paige earned $3,900 pet sitting and $4,100 in
Question:
Paige. age 17, is a dependent of her parents. Paige earned $3,900 pet sitting and $4,100 in interest on a savings account. What are Paige’s 2018 taxable income and tax liability?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 40% (5 reviews)
Unearned income 4100 Minus 1050 base amount 1050 standard deduction 2100 Net unearned income 2000 Co...View the full answer
Answered By
ANDREW KIPRUTO
Academic Writing Expert
I have over 7 years of research and application experience. I am trained and licensed to provide expertise in IT information, computer sciences related topics and other units like chemistry, Business, law, biology, biochemistry, and genetics. I'm a network and IT admin with +8 years of experience in all kind of environments.
I can help you in the following areas:
Networking
- Ethernet, Wireless Airmax and 802.11, fiber networks on GPON/GEPON and WDM
- Protocols and IP Services: VLANs, LACP, ACLs, VPNs, OSPF, BGP, RADIUS, PPPoE, DNS, Proxies, SNMP
- Vendors: MikroTik, Ubiquiti, Cisco, Juniper, HP, Dell, DrayTek, SMC, Zyxel, Furukawa Electric, and many more
- Monitoring Systems: PRTG, Zabbix, Whatsup Gold, TheDude, RRDtoo
Always available for new projects! Contact me for any inquiries
4.30+
1+ Reviews
10+ Question Solved
Related Book For
South-Western Federal Taxation 2019 Comprehensive
ISBN: 9781337703017
42th Edition
Authors: David M. Maloney, William A. Raabe, William H. Hoffman, James C. Young
Question Posted:
Students also viewed these Business questions
-
Each year, Tom and Cindy Bates report itemized deductions of $20,000, including a $4,000 pledge payment to their church. Upon the advice of a friend, they do the following: in early January 2018,...
-
Jane is 20 years old and is a sophomore at Lake University. She is a full-time student and does not have any gross income. Jane spends the holidays and summers at home with her parents. Her total...
-
Webb Bank has a composite CAMELS rating of 2, a total risk-based capital ratio of 10.2 percent, a Tier I risk-based capital ratio of 6.2 percent, a CET1 capital ratio of 5.0 percent, and a Tier I...
-
The Kroger Company reported the following data in its annual report (in millions). Instructions a. Compute Kroger?s inventory turnovers for fiscal years ending January 28, 2017, and January 30, 2016,...
-
(a) Use Table 16.9 to decode the following received words. 000011 100011 111110 100001 001100 011110 001111 111100 (b) Do any of the results in part (a) change if a different set of coset leaders is...
-
Determine whether the element is an irreducible of the indicated domain. 2x - 10 in Q[x]
-
In December 2008, Jason Garcia signed a motor vehicle sales contract with Mac Haik Dodge Chrysler Jeep, a dealer. In the contract, Garcia agreed to purchase a 2009 Dodge Ram 1500. The contract...
-
Rogen Corporation manufactures a single product. The standard cost per unit of product is shown below. Direct materials1 pound plastic at $7.00 per pound .... $ 7.00 Direct labor1.6 hours at $12.00...
-
Define a set X of strings in the symbols 0 and 1 as follows. B. 0 and 1 are in X. R. If x and y are in X, so is xxyy. R2. If x and y are in X, so is xyx. Explain why the string 01001011 EX using the...
-
Find the Fourier sine transform to solve du at with conditions: (i) (ii) (ii) u (0, t) = 0 u =1_ for 0 0, when t = 0 u (x, t) is bounded
-
Taylor, age 18, is a dependent of her parents. For 2018, she records the following income: $4,000 wages from a summer job, $1,800 interest from a money market account, and $2,000 interest from City...
-
Lance H. and Wanda B. Dean are married and live at 431 Yucca Drive, Santa Fe, NM 87501. Lance works for the convention bureau of die local Chamber of Commerce, while Wanda is employed part-time as a...
-
From an income tax standpoint, what may be the disadvantages for an acquirer in obtaining control through a purchase of shares rather than by a direct purchase of net assets?
-
For its current taxation year ended December 31, Cho Ltd. earned net Canadian active business income (ABI) of $425,000, foreign business income of $40,000, and taxable income of $450,000, and claimed...
-
Accounting Questions: Explain the difference between accrual accounting and cash accounting. What is the purpose of a trial balance in accounting? Define the term "depreciation" in accounting. How...
-
returns: In a portfolio, two risky assets, A and B, have the following scenarios of Probability A B 35% 10% 3% 35% -4% 4% 30% 9% -6% Calculate the expected return of each asset.
-
A DNA nucleotide has any of four values. A standard model for a mutational change of the nucleotide at a specific location is a Markov chain model that sup- poses that in going from period to period...
-
Consider memory partitions shown in the following table. Consider placing processes of 30KB, 40KB, 20 KB, 30KB, 50KB in order. Fill the table with these processes. Indicate any processes that are...
-
What amount would you have if you deposit $1,500 a year for 30 years at 8 percent (compounded annually)?
-
7. Baladna wants to analyze process that includes delivery by suppliers, production inside the company, transportation to to its customers and information systems. Then it also wants to find out...
-
Butch Bishop operates a small international firm named Tile, Inc. A new treaty between the United States and Spain conflicts with a Section of the Internal Revenue Code. Butch asks you for advice. If...
-
Butch Bishop operates a small international firm named Tile, Inc. A new treaty between the United States and Spain conflicts with a Section of the Internal Revenue Code. Butch asks you for advice. If...
-
Interpret each of the following citations. a. 14 T.C. 74 (1950). b. 592 F.2d 1251 (CA5, 1979). c. 951 USTC { 50,104 (CA6, 1995). d. 75 AFTR 2d 95110 (CA6, 1995). e. 223 F.Supp. 663 (W.D. Tex., 1963).
-
Use the information below to answer the questions that follow. U.S. $ EQUIVALENT U.K. pound () 1.5939 Canada dollar (Can$) 1.0091 a. Which would you rather have, $100 or 100? CURRENCY PER U.S. $...
-
What are the molecular mechanisms underlying cellular respiration, and how do they facilitate the conversion of chemical energy stored in organic molecules into adenosine triphosphate (ATP) for...
-
How can advancements in respiratory diagnostics, imaging modalities, and pulmonary rehabilitation techniques enhance our understanding of respiratory pathophysiology and improve clinical management...
Study smarter with the SolutionInn App