The following data are for steveʹs candy store for january: beginning inventory $191,000 net sales revenue $620,000 net purchases $480,000normal gross profit rate 30% what is the companyʹs estimated ending inventory for the month? a) $434,000 b) $186,000 c) $237,000 d) $485,000

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750