the balances are incorrect.
Check
Number
1205
PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.
Amount of
payment or
withdrawal (-)
Amount of
Deposit or
interest (+)
Date
4/7
4/14
4/16
4/17
4/21
Description of Transaction
To: Deposit
For:
To: Maris's Market Debit Card
For:
To: ATM Withdrawal
For:
To: Bargain Properties
For:
To: Electronic Payroll Deposit
For:
47 65
135 00
570 00

766 50
1.350 00
Balance Forward
Bal. 1.245 10
Bal.
478 30
Bal.
1.197 45
Bal. 1.097 45
182 45
Bal. 1.532 45
You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?

The Balances Are Incorrect.CheckNumber1205PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR

Answers

Answer 1

Answer:

the balances are incorrect.

Check

Number

1205

PLEASE BE SURE TO DEDUCT ANY BANK CHARGES THAT APPLY TO YOUR ACCOUNT.

Amount of

payment or

withdrawal (-)

Amount of

Deposit or

interest (+)

Date

4/7

4/14

4/16

4/17

4/21

Description of Transaction

To: Deposit

For:

To: Maris's Market Debit Card

For:

To: ATM Withdrawal

For:

To: Bargain Properties

For:

To: Electronic Payroll Deposit

For:

47 65

135 00

570 00

766 50

1.350 00

Balance Forward

Bal. 1.245 10

Bal.

478 30

Bal.

1.197 45

Bal. 1.097 45

182 45

Bal. 1.532 45

You instruct your trainees to find and correct the errors in the balances. If your trainees do so, what should the corrected final balance be (in $3?


Related Questions

QUESTION 11
Whether targeting consumers or resellers, marketers need to focus on:
O Buying center synergy.
O Corporate profit sharing
O Reducing derived demand
O Creating value for their customers

Answers

Marketers need to focus on creating value for their customers. The Option D.

Why is creating value for customers crucial for marketers?

Creating value for customers is crucial for marketers as it directly impacts customer satisfaction and loyalty. When marketers prioritize creating value, they focus on understanding customer needs and preferences, developing products or services that meet those needs and delivering exceptional customer experiences.

By doing so, they differentiate themselves from competitors, build strong customer relationships and drive business growth. When customers perceive value in what a company offers, they are more likely to make repeat purchases.

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Which of the following tools help you access your interest
A. Aptitude survey
B. Interest inventory
C. Career search
D. Skills assessment

Answers

Answer:

C. Career search

Answer:

Interest inventory

Annalise received financial aid offers from two universities.
Financial Analysis for Option A
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$10,000
$7,000
Room & Board
Work-Study
$11,500
$4,000

Financial Analysis for Option B
Costs per Year
Financial Aid Package per Year
Tuition & Fees
Scholarships & Grants
$28,000
$18,000
Room & Board
Work-Study
$9,000
$4,000

Which statement about the costs per year is true?
Option A will save her $4,500.
Option B will save her $7,000.
Option B will save her $11,000.
Option A will save her $15,500.

Answers

Answer:

Option A will save her $15,500.

Explanation:

Financial aid is the assistance given to students to cater to a college education. It excludes Scholarships and grants as these are not cost items by other forms of assistance.

Total for University Option A excluding scholarships and grants

Tuition & Fees $10,000

Room and Board $11,500

Work-Study  $ 4,000

Total for A  $25,500

For university option B

Tuition & Fees  $28,000  

Room & Board $ 9,000

Work-study  $ 4,000

Total for B  $41,000

Option B is more costly than A by :$41,000 - $25,500=$15,500.

Therefore, Option A saves $15,500

Answer:

Option A will save her $4,500.

Explanation:

review the 60 Minutes video on Mark Zuckerberg

The person name and their position at the company
Examples of how their leadership style or qualities impact employee performance and morale

Answers

The leader's leadership style has an impact on group performance and goal achievement since it influences employee behavior.

What is leadership about?

A leader's leadership style relates to how he or she directs, motivates, and manages others. A person's leadership style also influences how they strategize and implement plans while keeping stakeholders' expectations and the well-being of the team in mind.

Managers are in charge of guaranteeing team success, fostering a pleasant environment, and solving challenging problems. It motivates people to work harder and see their leaders as more effective.

Effective leadership requires strong communication, inclusiveness, and empowerment, and it has a beneficial effect on morale. A team's morale will rise when communication from the top to the bottom improves under competent leadership.

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A business owner is aware that the Department of Labor has created rules
that require overtime pay for employees. When he works his employees more
than 40 hours in one week, he makes sure that he works them less than 40
hours the following week. The business owner feels that it is fair to average
the number of hours worked over the two weeks covered by the pay period
and use that number for calculating overtime pay. A representative of the
Department of Labor informs him that their regulations do not permit this,
Which of the following is true in this situation?

Answers

Answer:

the buisness owner must comply to the department of labor regulations

Explanation:

I work in a small shop in my country. The central government owns the shop, tells me what to sell, how many products to sell, and for how much to sell the products. What type of economy do I live in?
Group of answer choices

Command

Mixed

Market

Traditional

Answers

Answer:

Market

Explanation:

A market economy is a system where the laws of supply and those of demand direct the production of goods and services. 1  Supply includes natural resources, capital, and labor. Demand includes purchases by consumers, businesses, and the government. Businesses sell their wares at the highest price consumers will pay.

~Hope this helps

Question 1 of 20
Fifteen thousand shares of common stock are issued at a par value of $1.
The journal entry for this transaction includes a debit to for $15,000.
OA. Dividends Payable
B. Paid-In Capital
C. Cash
O D. Common Stock
SUBMIT

Answers

C. Cash just took the test

Prices have soared for parking facilities in downtown Dallas in recent months. Pressure from voters has convinced Dallas City Council to impose a price ceiling on $5 on all parking garages and lots per day. What effect will this likely have on the market spaces in Dallas? (What happens to Qd?) Who will gain? Who will lose?

Answers

A price ceiling would lead to shortage of parking spaces in Dallas. When there is a price ceiling, consumers would gain and producers would lose.

A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. Price ceiling is binding when it is set below equilibrium price.

If the council imposes a binding price ceiling, price would be set below equilibrium price. This would lead to a decrease in the quantity of parking facilities supplied. As a result there would be a decrease in the parking facilities available in Dallas. This means there would be a shortage of parking spaces.

When price is set below equilibrium, parking spaces become cheaper for consumers. So, consumers would be advantaged.

When price is set below equilibrium, parking spaces cost less. This reduces the profits that can be earned by producers. Producers would lose.

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Strategic,tactical,and operational are the ____.A) three levels of planningB) levels of diversityC) strategic levelsD) three levels of marketingE) phases of the environment

Answers

Answer:

three levels of planning

Explanation:

The three levels of planning are

Strategic,tactical,and operational.

Planning process in management involves the settings of goals that need to be achieved in an organization.

It should be noted that three levels of planning are

1)Strategic

2),tactical

3) operational

All these levels are needed for planning process to be effective.

Tactical level of planning involves the analysis of the short term actions that are required for the set goals to be achieved.

Strategic level of planning provide direction for the business, it helps in good utilization of resources.

Operational level of planning helps to define the goals.

7. A fast-food chain plans to expand by opening several new restaurants. The chain operates two types of
restaurants, drive-through and full-service. A drive-through restaurant costs RM 100.000 to construct,
requires 5 employees, and has an expected annual revenue of RM 200.000. A full service restaurant
costs RM 150.000 to construct, requires 15 employees, and has an expected annual revenue of RM
500,000. The chain has RM 2,400,000 in capital available for expansion. Labor contracts require that
they hire no more than 210 employees, and licensing restrictions require that they open no more than
20 new restaurants.
(a) How many restaurants of each type should the chain open in order to maximize the expected
revenue? [1 point)

Answers

Explanation:

                               Drive through                Full Service

Annual revenue          200,000                       500,000

Cost                               100,000                        150,000

Income                           100,000                        350,000

Employee                            5                                   15

Income / employee         20,000                        23,333.33

Using simultaneous equation ,

Let X represent the drive through service  ,and Y represent the full service restaurant

Budget = 100,000x + 150,000y ≤ 2,400,000  (equation 1)

Employer = 5x + 15y ≤ 210   (equation 2)

(Divide equation 1 by 10 ,000)

                     10x+ 15y ≤ 240 (equation 3)

Using elimination method, multiply equation 2 by -2

                      10x +15y ≤240

                      -10x - 30y ≤-420

                        -15y ≤ -180

                             y≤ -180/-15

y = 12

substitute y = 12 in equation 3

10x + 15y≤240

10x +180 ≤240

10x≤240-180

10x≤60

x≤6

                   

12         1,800,000      180

6           600,000         30

6 drive through services and 12 full services should be opened.

                           6 Drive through                12 full service            20

Cost                             600,000                      1,800,000           2,400,000

Employees                      30                                 180

Net income                     600,000                    4,200,000

The Phrase lasissez-faire means which of the following?

A: To control
B:To let be
C: To buy
D: To contribute​

Answers

B:to let be... hope this helps
I think it’s B but not sure

QUESTION 2 of 10: Which is NOT something you should look for in a savings account?


a) Low (or no) monthly fee
b) Rewards for using your debit card
c) Free online banking
d) Competitive interest rate

Answers

Answer:

d. Rewards for using your debit card

Explanation:

A "debit card" allows a person to withdraw his funds from his checking account, not from his savings account. It is the checking account that usually offers debit cards.

A "savings account" allows a person to do "online banking." Some banks are purely online and they offer "low or no monthly fee." Depositing money to your savings account provides a competitive interest rate, which is dependent on the amount of money you are putting away.

What is market environment

Answers

Answer:

The market environment is the combination of external and internal factors that affect a company's ability to establish a relationship with and serve its consumers.

Explanation:

The internal factors relate to the company itself, such as owners, workers, materials, components, etc.

The external factors are divided into macro and micro components. The macro component is the broad environment which includes societal forces that affect society as a whole. The micro component is task-related, which includes factors that influence the production, manufacturing and distribution of a product or service.

A brand promise is the overlap between what a company does best and what customers _______. Fill in the blank

Answers

The brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them.

A brand promise is the statement or commitment made by a company to its customers, which reflects what the company does best and what customers expect from them. It is the foundation of the brand and helps to build trust and loyalty with customers. The brand promise represents the unique value proposition that a company offers to its customers, which differentiates it from its competitors. The blank space in the question refers to what customers want or need from the company. Customers expect companies to deliver on their promises, provide high-quality products or services, and create positive experiences that meet their expectations. Therefore, the brand promise should align with the needs, wants, and expectations of the target audience. To create a strong brand promise, companies need to understand their customers' needs and wants, and also assess their strengths and weaknesses. By doing so, they can develop a promise that meets customer expectations and aligns with their core competencies. This will create a unique selling proposition that will differentiate them from competitors and build long-term relationships with customers. In summary, the brand promise is the overlap between what a company does best and what customers expect from them. It represents the unique value proposition that a company offers to its customers, which helps to build trust and loyalty with them. By creating a strong brand promise, companies can differentiate themselves from competitors and build long-term relationships with their customers.

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Identify the accounting concept relevant to each situation below:


1.] Mr. Queen is expected to operate for an indefinite period.  


2.] A business uses the same depreciation method it has used for the past five years.


3.] The business recorded the purchase of its building at cost price even though the market value has increased.


4.] The owner withdrew goods, in the business records it was recorded in the drawing account.


5.] Record expenses incurred although payment was not yet made.



6.] When a business uses the same method of stock taking every year. ​

Answers

Answer:

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Which of the following characteristics are not associated with perfect competition?

i) Influence over market price.
ii) Product differentiation.
iii) Complete information.
iv) Agreements between sellers to control supply.
v) Economic profit in the long ru

Answers

IV. That is against the law

I have $10,967.74 in a brokerage account, and plan to deposit an additional $6,000.00 at the end of every future year until my account totals $270,000 and I expect to earn 13% annually on the account. How many years will it take

Answers

Note that with respect to the deposite, it will take approximately 8.19 years for the account to reach $270,000.

How  is this so?

To determine how   many years it will take for the account to reach $270,000,we can use the future value of an annuity formula.

The formula is -  

FV = P  x  [(1 + r)ⁿ⁻¹] / r

Where -  

FV = Future value ($270,000)

P = Annual deposit ($6,000)

r = Interest rate per period (13% or 0.13)

n = Number of periods (number of years)

We need to solve for n, so we can rearrange the formula as -  

n = log((FV  x  r / P) + 1) / log(1 + r)

Plugging in the values -  

n = log((270000  x  0.13 / 6000) + 1) / log(1 + 0.13)

Using a calculator, we find that n is approximately 8.19.

thus, it is corect to state that, it will take approximately 8.19 years for the account to reach $270,000.

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Sunland Company is unsure of whether to sell its product assembled or unassembled. The unit cost of the unassembled product is $24 and Sunland would sell it for $62. The cost to assemble the product is estimated at $26 per unit and the company believes the market would support a price of $87 on the assembled unit. What decision should Sunland make

Answers

Answer: Sell before assembly, the company will be better off by $1 per unit.

Explanation:

To solve the above question, we need to calculate the incremental profit or loss first. This will be:

= After assembling sales value - Unassembled unit sales value - Coat if further processing

= $87 - $62 - $26

= -$1

Since there is an incremental loss of $1, then the correct answer is "Sell before assembly, the company will be better off by $1 per unit".

Outline the main principles for the consolidation of financial statements. Illustrate your discussion with the use of examples.



Answers

The main principles for the consolidation of financial statements are:

Combine like items of assets, liabilities, equity, income, expenses and cash flows of the parent with those of its subsidiaries;Offset (eliminate): The carrying amount of the parent's investment in each subsidiary; and - The parent's portion of equity of each subsidiary;Eliminate in full intragroup assets and liabilities, equity, income, expenses and cash flows relating to transactions between entities of the group.

What should we know about Consolidated Financial Statements?

In general, financial statement consolidation necessitates a company integrating and combining all of its financial accounting functions in order to produce consolidated financial statements that show results in standard balance sheet, income statement, and cash flow statement reporting.

The decision to file consolidated financial statements with subsidiaries is usually made on a year-to-year basis and is frequently motivated by tax or other benefits. The criteria for filing a consolidated financial statement with subsidiaries are primarily based on the parent company's ownership of the subsidiary.

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How do you think entrepreneurship could help School leavers not to become an unemployment statistic

Answers

Answer:

Give them the knowledge to start their own business

Entrepreneurship could help School leavers not to become unemployed statistics as it could help them start their own business instead of doing a job.

What is Entrepreneurship?

Entrepreneurship is an act of a person being an entrepreneur. It is defined as establishing and running your own business.

Entrepreneurship can help a student not to become an unemployed statistic as it gives them an opportunity to be their own boss. Rather than seeking a job, the student may start earning through his own business.

It also helps in job creation. The student rather than being an employee to someone else, can be an employer and create jobs for the others.

It, therefore, helps in eliminating unemployment from the economy.

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0
A cashier distributes change using the maximum number of five-dollar bills, followed by one-dollar bills. Write a single statement that assigns num_ones with the number of distributed one-dollar bills given amount_to_change. Hint: Use %.
Sample output with input: 19
Change for $ 19
3 five dollar bill(s) and 4 one dollar bill(s)
this is how i solved it but am still getting error on some part
amount_to_change = int(input())
num_fives = amount_to_change // 5
''' Your solution goes here '''
num_ones = 19 % 5
print('Change for $', amount_to_change)
print(num_fives, 'five dollar bill(s) and', num_ones, 'one dollar bill(s)')

Answers

The cashier is required to change the money into a maximum of five $1 bills and any remaining coins into $5 bills. num ones = amount to change percent 5.


In order to determine the worth of $1 bills given amount to change, we must write a single line of code to assign a value to the variable num ones.

Let's resolve this by using an illustration:
If $19 is the amount to change,

There are a total of three $5 bills that can be distributed. The total that can be exchanged for $5 banknotes is:
As a result, the leftover money, which is $4 ($19 - $15), will be paid in one-dollar bills.

Using the modulus (%) operator, four $1 bills can be located out of these $19 in total.

The remainder, or modulus operator, is left, i.e.
When a number "p" is divided by "q," the remainder is the result of p% q.

19 % 5 = 4

Four one dollar bills are to be distributed.
Therefore, a single line of code representing the quantity of $1 bills can be expressed as:

Number of Ones = Amount of Change % 5

So, the appropriate sentence is:
Number or num of Ones = Amount of Change %5

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Chapter 11: Sport Sponsorship
The process of undertaking activities to enhance and service a sponsorship once a sponsorship deal has been agreed to
and signed is called

Answers

There are different kinds of activities.  The process of undertaking activities to enhance and service a sponsorship once a sponsorship deal has been agreed to

What are sponsorship activities?

Sponsorships are is known to be the financial or also called an in-kind support of any kind of activities.

Businesses often sponsor things such as events, trade shows, groups, etc. so that they can reach also their business goals and boast their competitive advantage.

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Relevance has always been the challenge of the advertising industry. Summarize Kristi Roger's assessment of the advertising industry in her Ted Talk. Considering her hypothesis and results, what are some implications for marketing managers as they seek to improve the ROI of marketing expenditures on all forms of marketing communications

Answers

Answer:

Advertising is a paid sort of promotion utilized by organizations for product promotion, hence being of a vital usage and a significant part in organizations. The achievement of any firm is reliant on the correct sort of advertising channels utilized.  

Explanation:

In her Ted talk, it is clear Kristi Roger had conducted an extraordinary advertising analysis, in this way contending that relevance is a fundamental factor assuming an enormous part in advertising. She contends that the planned message of promotion should contact the perfect person at the perfect time. To guarantee this assertion is accomplished, an advertiser has the obligation to utilize the correct technology undeniably to make a pertinent directive for the correct crowd.  

In addition, marketing managers are obligated to recognize the significant challenges in the market. They ought to get updated changes occurring in the market to stay away from any significant impacts on the Return On Investment (ROI).  

To profit more from advertising, marketing managers should recruit the ideal person who is acceptable in quantitative skills rather than creative skills in light of the fact that the market analysis is of more significance than benefiting creative products into the market. A person with extraordinary quantitative skills can examine the market situations appropriately, henceforth s/he can dispose of a portion of the cycles that occur in computerized crusade improvement. To carry extraordinary outcomes to the organization, quantitative specialists guarantee important advertisements contact the perfect person at the perfect time.

On January 1, 2016, Flathound Properties received $22,800 from a tenant as rent for all of 2016. What journal entry would Flathound Properties make at the end of January 2016 to show that one month of service had been provided?

Answers

In order to show that one month of service has been provided, Flathound Properties should both Debit Deferred Revenue and Credit Revenue for $1,900.

What is the journal entry for a month of service?

The $22,800 is for the whole year so we need to find the monthly rent:

= 22,800 / 12

= $1,900

This amount will be credited to Revenue to show that Flathound Properties has earned it for rental services provided. It will also be debited to Deferred Revenue.

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This magazine is not useful for/to me as I have ni taste in music debates. To or for?​

Answers

Answer:

For

Explanation:

Use “to” when the reason or purpose is a verb. Use “for” when the reason or purpose is a noun.

Hope this helps! <3

in preparation of standard cost we consider what situation macroeconomics or microeconomics???​

Answers

When preparing standard costs, we primarily consider microeconomics, which is the study of the behavior of individual consumers, firms, and industries. Standard cost is the estimated cost of producing a unit of product or service, based on historical data and budgeted costs.

It is used as a benchmark to compare actual costs with expected costs and to analyze the variances between them. In order to determine standard costs, we need to consider the cost of each individual input such as direct materials, direct labor, and overheads. This analysis is done at the microeconomic level because it involves the behavior and decision-making of individual firms and their interactions with suppliers, customers, and competitors.

The macroeconomic factors such as inflation, interest rates, and unemployment rates may also have an impact on the cost of production but these are generally outside the scope of standard cost analysis. Therefore, while macroeconomics can indirectly influence the cost of production, the focus of standard cost analysis remains on the microeconomic factors that affect the cost of individual inputs.

Overall, standard cost preparation involves a detailed microeconomic analysis to determine the estimated cost of producing a product or service, which is then compared with the actual costs to identify any variances and improve the cost efficiency of the firm.

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A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are _____. securitizing securitizing collateralizing a loan collateralizing a loan creating a derivative creating a derivative offsetting negative risk

Answers

A bank is preparing a financial asset for trading in the over-the-counter market. It most nearly sounds as though they are a derivative offsetting negative risk. The correct option is D.

What are over-the-counter financial instruments?

OTC securities are those that are not listed on a national securities exchange. The majority of these securities are traded on Alternative Trading Systems (ATSs), which are quotation mediums that may include electronic interdealer quotation systems that show quotes from broker-dealers for many OTC securities.

In over-the-counter markets, trading is done electronically rather than in a physical location. An auction market system is very dissimilar from this. Dealers serve as market makers in OTC markets by quoting prices at which they will buy and sell securities, currencies, or other financial products.

Thus, the ideal selection is option D.

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A company deposits $2000 in a bank at the end of every year for 10 years. The company makes no deposits during the subsequent 5 years. If the bank pays 8% interest, how much would be in the account at the end of 15 years?

Answers

At the end of the first 10 years, the amount in the account is
$2000*[1+1.08+1.08^2+1.08^3+ ... + 1.08^9]
= $2000 [ (1.08^10 - 1) / (1.08 - 1) ]
= $2000 (1.1589/0.08) = $28973.12

Interest then accrues for the next 5 years, bringing the total to
$28973.12 * [ (1.08)^5 ] = $42571.03

The "cents" in this calculation are unreliable, since the bank may round off to the nearest cent at the end of each compounding period.

How would you describe China's economy prior to the market-based reforms of the 1980s and 1990s. This system failed to deliver rising living standards to the bulk of China's population. Why?

Answers

China had a planned economy prior to the business reforms of the 1980s and 1990s, which were characterized by state ownership of the equipment of production and centralized control over financial decision.

How would you describe China's economy prior to the market-based reforms of the 1980s and 1990s.

China had a planned economy prior to the business reforms of the 1980s and 1990s, which were characterised by state ownership of the equipment of production and centralised control over financial decision. Because of its flaws and shortages, this system was unable to provide rising living conditions to the majority of China's population. Low productivity and poor technological advancement were caused by a lack of market incentives and competition, and rampant corruption and resource misallocation were caused by a focus on meeting centralised production targets. The government was unable to effectively predict supply and demand due to the lack of a working price system, which resulted in ongoing shortages and the rationing of products.

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Fill out the tax forms for:Ivy Perry, age 40, is single and has no dependents. She is employed as a legal secretary by Legal Eagle Beagle, Inc. She owns and operates Type It located near the campus of Florida Community College at 200 College Road. Ivy is a material participant in the business. She is a cash basis taxpayer. Ivy lives at 6020 College Road, Pensacola, Fla. 33210. Ivy's Social Security number is 123-44-5678. Ivy indicates that she wishes to designate $3 to the Presidential Election Campaign Fund. During 2021, Ivy had the following income and expense items: a. $50,000 salary from Legal Eagle Beagle, Inc. b. $20,000 gross receipts from her typing business c. $700 interest income from Florida Community Bank. d. $1,000 Christmas bonus from Legal Eagle Beagle, Inc. e. $60,000 life insurance proceeds on the death of her brother. f. $5,000 check given by her wealthy uncle g. $100 won in a bingo game. h. Expenses connected with the typing business: Office Rent Supplies Utilities and telephone Wages paid to part-time typists Payroll Taxes Equipment Rentals $7,000 4,400 4,680 5,000 500 3,000 i. $8,346 interest expense on a home mortgage (paid to Florida Community Savings& Loan) j. $5,000 fair market value of silverware stolen from her home by a burglar on October 12 2021; Ivy had paid $4,000 for the silverware on July 1, 2008. She was reimbursed $1,500 by her insurance company k. Ivy had loaned $2,100 to a friend, Deb Dobson, on June 3, 2018. Deb declared bankruptcy on August 14, 2021 , and was unable to repay the loan. Legal Eagle Beagle, Inc. withheld Federal income tax of $7,500 and FICA tax of $3,551 (which was adequate for 2021). Assume the loan is a bona fide debt. 1. m. Alimony of $10,000 received from her former husband, Tony Springfield. n. Interest income of $800 on City of Pensacola bonds. o. Ivy made estimated Federal tax payments of $1,000. p. Sales tax from the sales tax table of $654. q. Charitable Contributions of $2,500. What is the Total income, Adjusted gross income, Taxable income, Tax liability, and amount of federal tax due or refunded.

Answers

Based on the provided information, Ivy Perry's tax situation for 2021 is as follows:

Total Income: $71,800

Adjusted Gross Income (AGI): $47,220

Taxable Income: $34,670

Tax Liability: $3,961.40

Federal Tax Refund: $4,538.60

What is taxation?

Taxation is the imposition of compulsory levies on individuals or entities by governments.

It should be noted that Taxes are levied in almost every country of the world, primarily to raise revenue for government expenditures, although they serve other purposes.

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