Ask Question
BusinessBusiness
31 May, 00:59

Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 a. $0 b. $4,050 C. $8,100 d. $16.200

+1
Answers (1)
  1. 31 May, 03:06
    0
    Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 is $0

    Option A

    Explanation:

    For 2018, there are no personal exemptions, therefore the total amount of exemptions for 2018 will be $0.

    If your taxable income is $0, a tax filer is in the 0-percent band.

    For eg, Filer A could have $24,000 in wages and then the standard deduction lowers it to $0. Although Filer A does not have any taxable income, he or she has income earned to be liable for the refundable loan.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 a. $0 b. $4,050 C. $8,100 d. $16.200 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Does the production function:q=100L-20/kexhibit increasing, decreasing, or constant returns to scale?
Answers (1)
Suppose that you will receive annual payments of $10,000 for a period of 10 years. The first payment will be made 4 years from now. If the interest rate is 5%, what is the present value of this stream of payments?
Answers (1)
A company applies overhead at a rate of 150% of direct labor cost. Actual overhead cost for the current period is $950,000, and direct labor cost is $600,000. 1. Determine whether there is over - or underapplied overhead using the T-account. 2.
Answers (1)
Cash Received from Customers-Direct Method Sales reported on the income statement were $112,000. The accounts receivable balance decreased $10,500 over the year. Determine the amount of cash received from customers.
Answers (1)
Why is having a long credit history with a few blemishes that were corrected better than a short history that is clear? read more >>?
Answers (1)
New Questions in Business
A 7 percent coupon bond has a face value of $1,000 and pays interest annually. The current yield is 6.8 percent. What is the current price of this bond?
Answers (1)
Shelf registration a. increases transaction costs to the issuing firm. b. is a way of placing issues in the primary market and allows firms to register securities for sale over a two-year period. c.
Answers (1)
In order to achieve price stability, inflation must be zero. a. True b. False
Answers (1)
Why is it important to have protection from certain government action?
Answers (1)
Fred and Sarajane exchanged equipment in a qualifying like-kind exchange. Fred gives up equipment with an adjusted basis of $12,000 (fair market value of $15,000) in exchange for Sarajane's equipment with a fair market value of $13,000 plus $2,000
Answers (1)
Home » Business » Pete and Shirley are filing a joint return. the total amount of their exemptions for tax year 2018 a. $0 b. $4,050 C. $8,100 d. $16.200
Sign Up Forgot Password?