Calculate the dashwood''s income tax liability
The Dashwoods have calculated their taxable income to be $80,000 for 2012, which includes $2,000 of long-term capital gains. Using the appropriate tax rate schedule, calculate the Dashwood's income tax liability assuming they file a joint return.
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What are the determinants that may cause this Investment demand curve for the U.S. economy to shift? Which one (1) of these determinants do you think is most important to the U.S. economy today (Fall, 2012)? WHY?
The Tanakas filed jointly in 2012. They reported $10,000 of itemized deductions and they have two dependent children. The 2012 standard deduction amount is $11,900 and each exemption is $3,800.
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What is the weather like? What are the industries? How elastic will the price of hot coffee be in both locations? Be sure to consider the impact of climate.
Tom Suzuki's tax liability for the year is $2,450. He had $2,050 of federal income taxes withheld from his paycheck during the year by his employer and has $2,000 in tax credits. What are Tom's taxes due or tax refund for the year?
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They also qualified for a $1,000 tax credit. Their employers withheld $1,800 in taxes from their paychecks (in the aggregate). Finally, the 2012 standard deduction amount is $11,900 and the 2012 exemption amount is $3,800.
Assume that the firms act independently as in the Cournot model. Determine the total profits for each firm at the equilibrium output found.
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