Derek, a cash basis, unmarried taxpayer, had $1,460 of state income tax withheld during 2019. also in 2019, derek paid $146 that was due when he filed his 2018 state income tax return and made estimated payments of $2,920 towards his 2019 state income tax liability. when derek files his 2019 federal income tax return in april 2020, he elects to take the standard deduction, which reduced his taxable income. as a result of overpaying his 2019 state income tax, derek receives a refund of $1,022 in 2020. how much of the $1,022 will derek include in his 2020 gross income?
Answers: 1
Another question on Business
Business, 22.06.2019 13:20
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?
Answers: 3
Business, 23.06.2019 07:30
Anew manufacturing technology makes it easier to make the product and causes a shift in the supply curve. what is the new equilibrium point after implementing the new technology? (hint: determine which direction a easier production shifts the supply curve and use that direction to pick the resulting equilibrium point.) $6 and 20,000 $4 and 30,000 $6 and 30,000 $4 and 20,000
Answers: 3
Business, 23.06.2019 10:30
You've arrived at the pecan shellers conference—your first networking opportunity. naturally, you're feeling nervous, but to avoid seeming insecure or uncertain, you've decided to a. speak a little louder than you would normally. b. talk on your cell phone as you walk around. c. hold an empowered image of yourself in your mind. d. square your shoulders before entering the room.
Answers: 2
Business, 23.06.2019 17:00
Select each of the paced steps below. define the problem. conduct an internet search for information. list the alternatives. select the criteria. evaluate the alternatives. make a decision. evaluate the decision.
Answers: 3
You know the right answer?
Derek, a cash basis, unmarried taxpayer, had $1,460 of state income tax withheld during 2019. also i...
Questions
Computers and Technology, 27.06.2020 19:01
Computers and Technology, 27.06.2020 19:01
Mathematics, 27.06.2020 19:01
Mathematics, 27.06.2020 19:01
Computers and Technology, 27.06.2020 19:01
Computers and Technology, 27.06.2020 19:01
