subject
Business, 08.06.2021 15:20 lordcaos066

Tom Lewis, a single taxpayer, received a $3,200 state tax refund in Year 5 for prior-year overpayments. Tom's state withholding for Year 4 was $3,500. Tom's Year 4 taxable income was $35,000. Tom did not itemize deductions and instead took his standard deduction for Year 4. How much should Tom include in gross income for Year 5 as a result of the state tax refund

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:00
Granby foods' (gf) balance sheet shows a total of $25 million long-term debt with a coupon rate of 8.50%. the yield to maturity on this debt is 8.00%, and the debt has a total current market value of $27 million. the company has 10 million shares of stock, and the stock has a book value per share of $5.00. the current stock price is $20.00 per share, and stockholders' required rate of return, r s, is 12.25%. the company recently decided that its target capital structure should have 35% debt, with the balance being common equity. the tax rate is 40%. calculate waccs based on book, market, and target capital structures. what is the sum of these three waccs?
Answers: 3
question
Business, 22.06.2019 06:00
List three careers that require knowledge of science. list three careers that require the use of of math. list three careers that require the use of foreign language. list three careers that require the use of good writing skills. list three careers that require the use of good computer skills.
Answers: 3
question
Business, 22.06.2019 15:30
The school cafeteria can make pizza for approximately $0.30 a slice. the cost of kitchen use and cafeteria staff runs about $200 per day. the pizza den nearby will deliver whole pizzas for $9.00 each. the cafeteria staff cuts the pizza into eight slices and serves them in the usual cafeteria line. with no cooking duties, the staff can be reduced by half, for a fixed cost of $75 per day. should the school cafeteria make or buy its pizzas?
Answers: 3
question
Business, 23.06.2019 13:30
There are four record classifications. choose the two types of records that are never destroyed. a. vital and essential b. vital and important c. inactive and vital d. important and digitized
Answers: 2
You know the right answer?
Tom Lewis, a single taxpayer, received a $3,200 state tax refund in Year 5 for prior-year overpaymen...
Questions
question
Mathematics, 06.10.2019 20:30
question
Mathematics, 06.10.2019 20:30
Questions on the website: 13722367