Answer:
$24,400
Explanation:
Assuming that Alan and Donna are married and they decide to file their taxes together, the standard deduction for 2019 taxes was $24,400.
The standard deduction increases if you or your spouse is over 65 years old, or if any of you is blind. The standard deduction generally increases a little bit every year, e.g. during 2018 it was $24,000 and for 2020 it is $24,800.
Their standard deduction should be $24,400.
The following information should be considered;
The standard deduction amounts will increase to $12,200 for individuals, $18,350 for heads of household, and $24,400 for married couples filing jointly and surviving spouses. For 2019, the additional standard deduction amount for the aged or the blind is $1,300.Learn more; brainly.com/question/16911495
A promise to pay a debt that has already been discharged in bankruptcy must be in writing in order to be enforceable in many states. True False
Answer:
True
Explanation:
Since in the question it is mentioned that the promise is to be done for paying off the debt i.e. already discharged at the time of bankruptcy also it should be in writing so that it become enforceable in many states
Therefore the given statement is true
Hence, the same is to be considered
So the given statement is not false
A progressive tax system: __________
a) Means higher marginal tax rates at higher income levels.
b) Provides more work incentives than a system with constant marginal tax rates.
c) Promotes more investment than a system with constant marginal tax rates.
d) All of the above.
Answer:
a) Means higher marginal tax rates at higher income levels.
Explanation:
The progressive tax system is a system where the rate of the taxes according to the increased in the taxable amount. It generally applied to the personal income taxes that means if the people have the less income so less tax rate would be applied and if the people have the high income so high tax rate is applied
Therefore as per the given situation, the option a is correct
define renewable resources
Answer:
Renewable Resources is basically a natural resource that can renew by itself or by the help of others.
Explanation:
Manuel works for a very large company that sells stocks to shareholders. This is an advantage for which type of business structure? Choose the answer.
Partnership
Limited Liability Company
Sole Proprietorship
Corporation
Answer:
Corporation
Explanation:
A corporation is a business ownership structure where the business is considered a legal entity separate from the owners. A corporation is subdivided into small units known as shares. Owning a share implies owning part of the corporation. Shareholders own the shares and the corporation.
The shares of a public corporation can be acquired by purchasing them at the security exchange market. Anyone can purchase shares and become a shareholder.