What is robbies tax liability
Robbie is 18, and a dependent on his parent's return. His income consists of interest of $1,300, and $2,500 from being a lifeguard. If his parent's taxable income is $75,000, what is Robbie's 2011 tax liability?
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For Jacobs Company, the predetermined overhead rate is 70% of direct labor cost. During the month, $300,000 of factory labor costs are incurred of which $80,000 is indirect labor.
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