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Lena Is 66 Years of Age,single,and Blind and Is Not

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Essay

Lena is 66 years of age,single,and blind and is not claimed as a dependent.How much gross income must she have before she is required to file a Federal income tax return for 2014?


Definitions:

Machine-hours

A measure of the amount of time a machine is used for production, often used in allocating manufacturing overhead based on usage.

Markup

The amount added to the cost price of goods, to cover overhead and profit, determining the selling price.

Overhead Applied

The allocation of overhead costs to specific jobs or activities based on a predetermined rate.

Job P505

This likely refers to a specific job or project identifier within an organization or accounting system but without context, its specific significance can vary.

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