Business
Business, 06.05.2020 03:10, chriscook1466

Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was married previously and has one child from the prior marriage. He is self-employed and operates his own computer repair store. For the first two months of the year, Alyssa worked for Office Depot as an employee. In March, Alyssa accepted a new job with Super Toys Inc. (ST), where she worked for the remainder of the year. This year, the Johnsons received $274,000 of gross income. Expenses associated with Jeremy’s store include $44,750 in salary (and employment taxes) to employees, $50,700 of supplies, and $19,900 in rent and other administrative expenses. As a salesperson, Alyssa incurred $2,190 in travel expenses related to her employment that were not reimbursed by her employer. The Johnsons own a piece of raw land held as an investment. They paid $690 of real property taxes on the property and they incurred $295 of expenses in travel costs to see the property and to evaluate other similar potential investment properties. The Johnsons own a rental home. They incurred $8,690 of expenses associated with the property. Jeremy paid $4,690 for health insurance coverage for himself (not through an exchange). Alyssa was covered by health plans provided by her employer, but Jeremy is not eligible for the plan until next year. Jeremy paid $2,690 in self-employment taxes ($1,345 represents the employer portion of the self-employment taxes).Jeremy paid $5,380 in alimony and $3,285 in child support from his prior marriage (divorced in 2010).The Johnsons donated $2,190 to their favorite charity. Required:A. Determine the Johnson's AGI given the above information:

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 14:50, demarcuswiseman
Prepare beneish corporation's income statement and statement of stockholders' equity for year-end december 31, and its balance sheet as of december 31. there were no stock issuances or repurchases during the year. (do not use negative signs with your answers unless otherwise noted.)
Answers: 2
image
Business, 23.06.2019 02:40, Jorianes
Some years ago it was estimated that the demand for steel approximately satisfied the equation p=194-25x x, and the total cost of producing x units of steel was upper c left parenthesis x right parenthesis equals 145 plus 40 x. (the quantity x was measured in millions of tons and the price and total cost were measured in millions of dollars.) determine the level of production and the corresponding price that maximize the profits.
Answers: 3
image
Business, 23.06.2019 08:00, cantrelate
Which sentence in the passage refers to the "analysis" of a given problem? jeremy is the production manager in a manafacturing company. he has identified a problem in the production process. he has estimated that the problem would lead to a loss of $10,000 and would require time to resolve. further, he has also identified the source of the problem to be the outdated machinery, which might require major repair, if not immediate replacement. finally, jeremy has also divided the problem into smaller parts, such as production costs, overheads, downtime expense, repair expenditure, and so on.
Answers: 2
image
Business, 23.06.2019 10:00, sneakersolequeen
In two or three sentences describe how open market operations change the money suppy
Answers: 3
Do you know the correct answer?
Jeremy and Alyssa Johnson have been married for five years and do not have any children. Jeremy was...

Questions in other subjects:

Konu
Spanish, 24.07.2019 09:30