Morgan (age 45) is single and provides more than 50% of the support of tammy (a family friend, age 36), jen (a niece, age 18), and jerold (a nephew, age 18). both tammy and jen live with morgan, but jerold (a citizen of france) lives in canada. morgan earns a $95,000 salary, contributes $5,000 to a traditional ira, and receives sales proceeds of $15,000 for an rv that cost $60,000 and was used only for vacations. she incurs $8,200 in itemized deductions. click here to access the standard deduction table to use if required.
a. morgan's taxable income is $
b. using the tax rate schedules (click here), tax liability for morgan is $ for 2019.
c. compute morgan's dependent tax credit. $

During the first month of operations, martinson services, inc., completed the following transactions: jan 2 martinson services received $65,000 cash and issued common stock to the stockholders. 3 purchased supplies, $1,000, and equipment, $12,000, on account. 4 performed services for a customer and received cash, $5,500. 7 paid cash to acquire land, $39,000. 11 performed services for a customer and billed the customer, $4,100. martinson expects to collect within one month 16 paid for the equipment purchased january 3 on account. 17 paid for newspaper advertising, $600. 18 received partial payment from customer on account, $2,000. 22 paid the water and electricity bills, $430. 29 received $2,600 cash for servicing the heating unit of a customer. 31 paid employee salary, $2,900. 31 declared and paid dividends of $1,800. requirements 1. record each transaction in the journal. key each transaction by date. explanations are not required. 2. post the transactions to the t-accounts, using transaction dates as posting references. label the ending balance of each account bal, as shown in the chapter. 3. prepare the trial balance of martinson services, inc., at january 31 of the current year. 4. mark martinson, the manager, asks you how much in total resources the business has to work with, how much it owes, and whether january was profitable (and by how much)?

Which of the following best describes why you need to establish goals for your program?

An insurance company estimates the probability of an earthquake in the next year to be 0.0015. the average damage done to a house by an earthquake it estimates to be $90,000. if the company offers earthquake insurance for $150, what is company`s expected value of the policy? hint: think, is it profitable for the insurance company or not? will they gain (positive expected value) or lose (negative expected value)? if the expected value is negative, remember to show "-" sign. no "+" sign needed for the positive expected value