Claire is 25 years old. She owns an editorial services firm. The average age of her employees is 30. Claire prefers to hire new

Cost of Membership
benefits of membership

Answer:

A) $76500

B) $72500

C) $24750

D) tax refund of $260

Explanation:

A) Determine the gross income for Marc and Michelle

Marc has a salary of $64000

Michelle earns $12000

from bonds, they gain an interest of $500

Consequently, total gross income = 64000 + 12000 + 500 = $76500

B) Now, calculate the adjusted gross income for Marc and Michelle

Gross income totals $76500

Moving expenses allowable = $2500

Alimony paid to ex-spouse = $1500

Adjusted gross income = 76500 - 2500 - 1500 = $72500

C) Compute the total deductions from AGI for Marc and Michelle

Standard deduction = $12600

itemized deductions = $6000

Personal and dependency allowances = $12150

To derive the Deductions from AGI, one needs to sum the personal and dependency allowance with the standard deduction (selecting the greater value between standard and itemized deductions).

= 12600 + 12150 = $24750

D) Now find Marc and Michelle's taxable income

Adjusted gross income is $72500

Deductions based on itemized amount = $24750

Thus, taxable income = 72500 - 24750 = $47750

E) Finally, ascertain if Marc and Michelle are due a tax refund or owe taxes for the year

Tax rate notes:

for income between $18451 to $79000: tax rate is $1845 plus 15% on income exceeding $18450

Taxable income is $47750

Tax obligation = 1845 + (47750 - 18450) * 15% = $6240

Child tax credit totals $1000

Taxes withheld amounts to $5500

Tax refund is calculated as tax obligation minus child tax credit minus withheld taxes

6240 - 1000 - 5500 = $260

thus, a tax return amounting to $260 will be issued

I am quite certain the accurate statement should be phrased like so: High levels of brand​ <span>resonance</span>, denoting how closely consumers feel aligned with the fox news​ brand, leads to better recall of advertisements placed by fox news due to engagement in fox news programs. Brand resonance represents the connection between the consumer and the product, highlighting the consumer's relatability to it.

Data regarding U.S. GDP

a) The nominal GDP growth rate from 1996 to 2016 was

131.72%, calculated using the following:[

= (2016 nominal GDP - 2009 nominal GDP) / 2009 nominal GDP x 100

= (18,707 - 8,073)/ 8,073 x 100

=

131.72%

b) The GDP deflator growth rate from 1996 to 2016 was 44.75%, derived as follows:

= (2016 GDP deflator - 1996 GDP deflator)/ 1996 GDP deflator x 100

= (105.93 - 73.18)/73.18 x 100

=44.75%

Clarification:

1. Data regarding U.S. GDP

Year   Nominal GDP     GDP Deflator (Billions of dollars) (Base year 2009)

2016            18,707           105.93

1996             8,073             73.18

2. As stated on wikipedia.com, "the GDP deflator (implicit price deflator) is a metric for the price level of all new, domestically produced, final goods and services within an economy for a given year."

3. Nominal GDP serves as a method of measuring a nation's economic productivity. It considers the current prices of goods and services, calculating the monetary value of products and services produced in an economy during a specific period.

4. The growth rate indicates the percentage change for a specific variable over a defined time frame. It is figured as the difference between the current year's variable and the base year’s variable, divided by the base year's variable, multiplied by 100.

A. The fixed overhead that is deferred in inventories totals $60,000. Unit product cost Year 1 Year 2 Direct materials $12 $12 Direct labor $5 $5 Variable manufacturing overhead $5 $5 Fixed overhead $48 $36 ($432,000 ÷ 9,000) ($432,000 ÷ 12,000) unit product cost $70 $58 Fixed overhead deferred (1,000 × $48) $48,000 Fixed overhead released -$48,000 Fixed overhead deferred (3,000 × $36) $108,000 Net $48,000 $60,000. The fixed overhead deferred in inventories amounts to $60,000.