Find the Tax in the Following Application Problems

question 81

Multiple Choice

Find the tax in the following application problems. Use $4050 for each personal deduction, a standard deduction of $6300 for single taxpayers, $12,600 for married taxpayers filing jointly, $6300 for married taxpayers filing separately, and $9300 for head of household and the tax rate schedule.
-Brian Moss had wages of $80,745, dividends of $374, interest of $684, and adjustments to income of $1,066 last year. He had deductions of $878 for state income tax, $452 for city income tax, $988 for property tax, $7,336 in mortgage interest, and $182 in contributions. He claims three exemptions and files as head of household.

• A)$8,362.65
• B)$10,051.75
• C)$8,985.25
• D)$3,387.75

Identify and explain the practices and effects of protectionism and tariffs on global trade.

Grasp the significance and impact of foreign direct investments in the international market.

Describe the legal and ethical considerations for companies operating internationally, including adherence to local laws, labor practices, and anti-corruption measures.

Comprehend the concept of culture and cultural intelligence in the context of international business.

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Unwanted sound, or a distraction that interferes with the communication process.

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A departure from a standard or norm, which can indicate variability in statistical data, processes, or behaviors.