Jacque Smith, an interior designer, is one-year shy of her thirtieth birthday. She has come to you for help in preparing her taxes. Use the information in the chapter, as well as the assumptions below, to answer the following questions:

•She is single;

•She has one child;

•She made $39,500 is wages last year;

•She earned $300 in taxable interest last year;

•Last year she received a $100 tax refund from the State of Georgia, where she is resident;

•She paid $250 in student loan interest;

•She incurred $2,450 in medical expenses, $2,800 in state and property taxes, and made a $3,000 charitable donation to her church;

•She is thinking about going to graduate school next year, which will cost $5,000; she has not yet started saving for this potential expense; and

•She had $4,000 withheld from her pay for federal taxes.

•How many personal exemptions may she claim?

•What is Jacque’s filing status?

•How much must she report on Line 7 of Form 1040 (wages, salaries, etc.)?

•What is Jacque’s total income for the year?

•What is Jacque’s AGI?

•What deduction amount should Jacque claim?

•How much taxable income must she report this year?

•What marginal tax bracket does Jacque fall?

•What is her tax liability for the year?

•How much may Jacque claim in tax credits for the year?

•Is Jacque due a refund this year? Why or why not?

Journalize the following transactions that occurred in september 2015 for aquamarines. no explanations are needed. identify each accounts payable and accounts receivable with the vendor or customer name. sep. 3 purchased merchandise inventory on account from shallin wholesalers, $5,000. terms 1/15, n/eom, fob shipping point. 4 paid freight bill of $80 on september 3 purchase. 4 purchased merchandise inventory for cash of $1,700. 6 returned $500 of inventory from september 3 purchase. 8 sold merchandise inventory to hermosa company, $6,000, on account. terms 2/15, n/35. cost of goods, $2,640. 9 purchased merchandise inventory on account from thomas wholesalers, $8,000. terms 2/10, n/30, fob destination. 10 made payment to shallin wholesalers for goods purchased on september 3, less return and discount. 12 received payment from hermosa company, less discount. 13 after negotiations, received a $200 allowance from thomas wholesalers. 15 sold merchandise inventory to jordan company, $2,500, on account. terms 1/10, n/eom. cost of goods, $1,050. 22 made payment, less allowance, to thomas wholesalers for goods purchased on september 9. 23 jordan company returned $400 of the merchandise sold on september 15. cost of goods, $160. 25 sold merchandise inventory to smithsons for $1,100 on account that cost $400. terms of 2/10, n/30 were offered, fob shipping point. as a courtesy to smithsons, $75 of freight was added to the invoice for which cash was paid by aquamarines. 26 after negotiations, granted a $100 allowance to smithsons for merchandise purchased on september 25. 29 received payment from smithsons, less allowance and discount. 30 received payment from jordan company, less return.

Describe the three different ways the argument section of a cover letter can be formatted

Increases in output and increases in the inflation rate have been linked to