Isabella and Mateo made an incredible amount of money this year, and their tax lawyer was able to use many deductions to reduce their adjusted gross income by millions of dollars. However, despite all of his attempts to get them out of paying as many taxes, they still had to pay some. Which type of tax MOST likely ensured that Isabella and Mateo were required to pay some taxes?

A. withholding tax
B. earned-income tax
C. alternative minimum tax
D. sales tax

Answers

Answer 1

Answer:

C. alternative minimum tax

Explanation:

Answer 2

The correct option is C.

What is an alternative minimum tax in simple words?

AMT is a tax levied on 'adjusted total income' in an FY wherein tax on normal income is lower than AMT on Adjusted total income. So, irrespective of normal tax, AMT has to be paid by taxpayers to whom AMT provisions apply.

Who pays the alternative minimum tax?

The AMT increased taxes for 23.3 percent of households with “expanded cash income” (a broad measure of income) between $200,000 and $500,000, 63.8 percent of those with incomes between $500,000 and $1 million, and 24.2 percent of households with incomes greater than $1 million.

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Related Questions

Pls help me with this

Answers

Answer:

i agree with your answer

Explanation:

follow your heart

Which of the following is NOT considered a trend in marketing?
A.Relationship marketing
B.Industrial marketing
C.Distributive marketing
D.Mobile marketing

Answers

Answer:

C

Explanation:

Because that would not make any sense of "distributive marketing

What is likely to happen if the price of a product goes up?
A.
The supply is likely to increase.
B.
The supply is likely to decrease.
C.
The demand is likely to cause scarcity.
D.
The demand is likely to increase.

Answers

B because if the price goes higher then the supply’s are to decrease

Answer:

A. The supply is likely to increase.

Explanation:

When a product's price goes up less people are going to buy that product. As a result the supply of that product increases because there are less people consuming it.

Brainliest would be greatly appreciated!

A couple visited a time-share property and received a gift of a portable color television for signing a purchase agreement for a time-share interest that day. Four days later, the couple decided not to go through with the transaction. Under what circumstances may they void the contract

Answers

Answer:

the couple may cancel the purchase agreement until midnight of the fifth day following the purchase, and they may keep the portable color television.

Explanation:

Time shared purchases are transactions that gives fractional ownership to a property. For example if a person purchases a month of time sharing on a property, they have the one twelfth ownership of the property.

The period of ownership is estimated non a yearly basis.

Time sharing can be deeded or non deeded depending on if the person purchased an interest in the property or if they are purchasing the right to occupy.

A purchaser is allowed to cancel the transaction by midnight not the fifth day after the contract is initiated.

Also any gifts like the colour television will remains as their property

In a group of five individuals, two report annual incomes of $10,000, and the other three report incomes of $14,000, $15,000, and $31,000, respectively. The mode of this group's distribution of annual incomes is

Answers

Answer:

$10,000

Explanation:

The computation of the mode of the group distribution is as follows:

Given that

Tow report annual incomes is $10,000

And, the other three report incomes are $14,000, $15,000 and $31,000

Based on the above information, the mode is $10,000 as the mode is the measure of the central tendency where the value is appear many times or in frequent times

Hence, the $10,000 is the answer

You gain health benefits from exercising for a minimum of _______.
a.
10 minutes three times a week
b.
10 minutes two times a week
c.
20 minutes three times a week
d.
20 minutes two times a week

Answers

Answer:

C

Explanation:

so you at least work out for 1 hour a week because 20 min 3 times a week is 60 min which is an hour

Answer:

It's C

Explanation:

I took the test :)

Which of the following is a employer-sponsored retirement plan that allows
employees to set aside money for retirement, where the individual pays taxes
on money contributed but not on the money withdrawn?

Answers

Answer:

roth 401K

Explanation:

a.p.e.x.

Roth 401(k) - this exists an employer-sponsored retirement plan that permits employees to set aside money for retirement, where the person pays taxes.

What is retirement?

Retirement exists as the withdrawal from one's position or profession or one's active working life. It exists a time when an individual that has been actively engaged in the workforce ceases to work for the rest of his/her life due to progressive age. Many organizations have a specified age at which employees retire. Retirement directs to the time of life when one chooses to always leave the workforce behind. The traditional retirement age stands at 65 in the United States and most other developed countries.

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Unrealized holding gains or losses which are recognized in income are from debt securities classified as

Answers

Answer:

Trading.

Explanation:

In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.

Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.

However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.

Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.

A job may help you provide for survival, or it may help you provide for enjoyment. Which of the following expenses is an example of a survival need?

Answers

Answer:

C. Paying rent for your family's apartment

Explanation:

its called common sense

Answer:

C. Paying rent for your family's apartment

Explanation:

In the United States, people are sorted into different tax brackets so that they pay differing amounts of taxes based on their income level. Which type of tax system does this BEST demonstrate?

A. regressive
B. progressive
C. proportional
D. flat

Answers

Answer:

B. progressive

Explanation:

In a progressive tax system, the tax rate imposed on individuals and firms is based on their income levels.  A low tax rate is applied to low-income earners. As income levels increases, the tax rate also increases. This means that the poor are taxed using lower tax rates compared to the wealthy.

A progressive tax system promotes equity and fair distribution of wealth. The poor have little; hence pay low taxes while the rich pay higher amounts.

Answer:

Progressive

Explanation:

Got it right on the test nun to worry about.

What is interest and what is it used for?

Answers

Answer:

Interest is the monetary charge for borrowing money—generally expressed as a percentage, such as an annual percentage rate (APR). Key factors affecting interest rates include inflation rate, length of time the money is borrowed, liquidity, and risk of default. Interest can also express ownership in a company.

I found that on internet XD

Interest, in finance and economics, is payment from a borrower or deposit-taking financial institution to a lender or depositor of an amount above repayment of the principal sum (that is, the amount borrowed), at a particular rate. It is distinct from a fee which the borrower may pay the lender or some third party.

Compare and contrast the principal characteristics of a market economy with those of a command economy

Answers

Answer: Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.

Explanation:

Market economy; is an economic system where decisions regarding investment, production and distribution are controlled by the price signals created by forces of supply and demand.

Demand economy; is an economic system where the consumers desire to buy goods and services and their willingness to pay a particular price for them. An increase in the process of a good or service will decrease the quantity demanded

Market economy utilizes private ownership as means of production, while in a command economy, governments own the factors of production such as capital, land and resources.

Explain how an items target market might affect its price

Answers

Answer:

A target market is a group of buyers whom the company wants to acquire as customers, directing its marketing program to them in order to motivate them to acquire the product. The company selects the market in which it intends to operate based on previously identified market segments and their characteristics, which emerge from previously carried out market evaluations.

The target market of a certain product can clearly influence its price, as it depends on the market to which the company aims to sell the product: if you want to sell, for example, a car to young people who have just entered the labor market (and therefore do not have the highest wages in the market), the value of said car will be affordable compared to other similar car prices.

The four traits of constructive criticism are _______.
a.
Positivity, Socially Oriented, Special, and Private
b.
Polarity, Solution Oriented, Special, and Practical
c.
Polarity, Socially Oriented, Specific, and Practical
d.
Positivity, Solution Oriented, Specific, and Private

Answers

Answer:

The answer to this question is given below in the explanation section.

Explanation:

Constructive criticism is the process to offer valid and well-reasoned reponed or opinion about other works, it includes both positive and negative comments in a friendly way rather than an oppositional one.

There are four traits of constructive critisim.

So, the correct answer to this question is given below:

D: Positivity, Solution-Oriented, Specific, and private.

While other options are not correct because the four traits of constructive criticism are starting from positivity, solution-oriented, specific, and private.

Answer:

D

Explanation:

How easy is it to secure a job?

Answers

Answer:

Depending on your skills, it can be easy or hard to secure a job! If your hard working and fulfilling any commitment it should be easy! :)

Explanation:

Hope this helps! :)

Answer:

It depends on what job it is and the requirements that it requires. It can also depend on the experience you have. If you have a lot of experience then it could be easier to get a job.

Hope this helps have a great day.:)

From the list of character traits, select five traits that you believe are essential when searching for a job.

Alertness
Attentiveness
Availability
Cautiousness
Compassion
Contentment
Cooperation
Courage (Boldness)
Creativity
Decisiveness
Deference
Dependability
Determination
Diligence
Discernment
Discipline (Self-Control)
Discretion
Endurance
Enthusiasm
Faith
Flexibility
Forgiveness
Generosity
Gentleness
Gratefulness
Honesty (Truthfulness)
Hospitality
Humility
Initiative
Loyalty
Meekness
Obedience
Orderliness
Patience
Persuasiveness
Positivity (Joyfulness)
Punctuality
Resourcefulness
Respect (Honor)
Responsibility
Sensitivity
Sincerity
Thoroughness
Thriftiness
Tolerance
Trustworthiness
Virtue
Wisdom

Answers

Hey there!

Cooperation ~ you have to get along with a lot of people in a job, and learn to work together with them

Dependability ~ you will need to be dependent, you won't always want someone holding your hand, you will have to figure things out yourself eventually

Determination ~ You will want to be determined to achieve high potential in your job, and you will be more successful

Tolerance ~ you may have to tolerate certain issues in jobs, and certain conditions

Positivity  ~ You will want to be positive and enjoy what you are doing in order to do better. A lot of people say that if you enjoy your job, you will never actually "work" a day in your lives, since you enjoy it.

Hope this helps! Good luck and have a great day!

in the short run how will an increase in aggragate demand most likely effect the overall price level and real GDP

Answers

Answer: Same direction, but encourage private over public spending.

Explanation:

In a short an increase in aggragate demand most likely effect the overall price level and real GDP when it's in same direction, but encourage private over public spending.

You are paid $11.75/hr. You work 40 hr/wk. Your deductions are FICA (7.65%), Federal tax withholding (10.75%), and state tax withholding (7.5%). What am I making?

Answers

Answer:i have no answer but you are making more income

Explanation:

cause

Answer:

These are the answers

Explanation:

No matter if you are underweight, overweight, or at an appropriate weight, you still need exercise. A. true B. false

Answers

Answer:

A. true

Explanation:

Exercise helps people lose weight and lower the risk of some diseases. Exercising regularly lowers a person's risk of developing some diseases, including obesity, type 2 diabetes, and high blood pressure. Exercise also can help keep your body at a healthy weight. Exercise can help a person age well.

This is a method of evaluation in a credit bureau that assigns points based on several factors to compute credit
scores for consumers.

Answers

Answer:

point system

Explanation:

ABC Corporation's stock is trading at $35. A client has purchased a 50 call. The option's current value is made up of

Answers

Answer: intrinsic value only.

Explanation:

Intrinsic value is the expected or measured value determined by fundamental analysis of a business, stock, currency or commodity. In this case the intrinsic value is 50 call.

Tangible and intangible variables are included. The true value is often referred to as intrinsic value which may or may not be the same as the current market value.

Since the client purchased a 50 call. the option's current value is made up of  intrinsic value.

Intrinsic value refers to the expected or measured value determined by the fundamental analysis of a stock.

Here, the intrinsic value is 50 call.

True value of a stock are referred to as intrinsic value which may or may not be the same as the current market value.

Hence, since the client purchased a 50 call. the option's current value is made up of  intrinsic value

Read more about intrinsic value

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The executives of a computer software company developed an intended strategy to make the company more competitive. The company's ultimate ______ strategy contained elements not only of the intended strategy but also unplanned elements from a(n) ______ strategy.

Answers

Answer:

realized; emergent.

Explanation:

A business strategy sets the overall or total direction for an organization or business firm because it focuses on defining how a business would achieve its goals, objectives, and mission; as well as the funds and material resources required to implement or execute the business plan.

Also, an intended strategy refers to the original plan set out by an organization.

In this scenario, the executives of a computer software company developed an intended strategy to make the company more competitive. Hence, the company's ultimate realized strategy contained elements not only of the intended strategy but also unplanned elements from an emergent strategy.

A realized strategy can be defined as a strategy that a business firm or entity followed and as such worked out in the end while emergent strategy are internal plans and consistent actions that arises spontaneously within an organization.

A person who can afford a monthly payment of and signs a loan agreement with a monthly payment of is most likely a victim of predatory lending. O A. $800; $1100 O B. $900; $800 O C. $900; $900 O D. $1100; $900​

Answers

Answer:

A. $800; $1100

Explanation:

Predatory lending is an unfair and sometimes illegal practice by lenders of imposing expensive loans to borrowers. In predatory lending, the lender withholds critical information or deceives the customer into signing a loan that they cannot afford to repay. Lender employs dirty and unjust tricks to get the customer sigh for the loans.

If a lender can afford to pay a maximum of $800 per month, advancing them a loan requiring payment of $1100 per month is putting a lot of financial strain on them. It is an example of predatory lending as it imposes an unfair burden on the borrower

10 points for my barbs

Answers

Answer:

thank youu queennnnn <3

A product development team has a basic product idea that has been given to them, and their current task is to develop some attractive images of what the product might look like, descriptions of how it will function, and sample advertisements could be used for marketing it. What stage of the new product development process are they working on?
O A. Concept development
O B. Commercialization
O C. Idea generation
O D. Market testing​

Answers

Concept development is the stage of the new product development process are they working on. The correct option is A.

Concept development is the process of coming up with concepts to address particular design issues. Concepts are produced in stages, moving from a vague idea to a clear message presented in the right format with accompanying images and material.

Why is the concept of development?

Development is a process that fosters expansion, advancement, and good change in the economic, environmental, social, and demographic aspects without depleting the environment's natural resources.

Before launching a product, concept development enables you to gauge the response of your target market. It is a methodical process to create an idea, test whether buyers would enjoy it, and identify the target market for it.

Thus, the ideal selection is option A.

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Technology has made it possible for software to replace that
previously would have been paid to collect and interpret information for upper
management.
O A. mid-level employees
B. entry-level workers
C. HR directors
D. executive officers

Answers

Answer: mid level employees

Explanation:

What are benefits of using OneDrive to store presentations? Check all that apply. It has syncing capabilities. It is affordable for most users. It can be accessed anywhere. It is easy to use and navigate. It has great search capabilities.

Answers

Answer:

A, C, D, E

Explanation:

edge

what is projectile motion​

Answers

Explanation:

Projectile motion is a form of motion experienced by an object or particle that is projected near the Earth's surface and moves along a curved path under the action of gravity only. This curved path was shown by Galileo to be a parabola, but may also be a line in the special case when it is thrown directly upwards.

Who is the leader of EG

Answers

Answer:

The company, the U.S. unit of U.K.-based EG Group Ltd has named George Fournier as its new president.  

A manufacturing company had been under pressure to increase profits, so it began to produce additional goods. The company was encouraged by the initial increases in revenue, even though profits per item produced were lower than average. Still, total profits increased, so the company decided to make another significant increase in production. This time, however, the profit per item had decreased so much that the company made almost no extra profit from the increase in production. This situation illustrates what concept?
A. Productivity analysis
B. Cross-training
bC. Law of diminishing returns
D. Comparative advantage​

Answers

Answer:

C. Law of diminishing returns

Explanation:

Diminishing marginal returns is when a manufacturing firm experiences reduced returns as production increases. According to the theory of diminishing marginal return, a business experiences increased returns with the added inputs until it reaches its maximum production capacity. Additions inputs will not results in more output as production has already reached its peak.

Deploying additional inputs will result in reduced profitability. Inputs are a cost to a business. The additional expenses are not resulting in extra income as output is not increasing. The manufacturing firm was experiencing reduced profits per item because costs were increasing, but  income was constant.

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