[The following information applies to the questions displayed below.]   Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2019 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie’s parents will claim her as a dependent). b. Stephanie reported $1,725 of earnings from her babysitting. Standard deduction?

Question

 

 

[The following information applies to the questions displayed below.]

 

Stephanie is 12 years old and often assists neighbors on weekends by babysitting their children. Calculate the 2019 standard deduction Stephanie will claim under the following independent circumstances (assume that Stephanie’s parents will claim her as a dependent).

b. Stephanie reported $1,725 of earnings from her babysitting.

Standard deduction?
      

 

 

 
 

Expert Answer

1 Rating

Want to see the step-by-step answer?

Check out a sample Q&A here.

Want to see this answer and more?

Experts are waiting 24/7 to provide step-by-step solutions in as fast as 30 minutes!*

*Response times may vary by subject and question complexity. Median response time is 34 minutes for paid subscribers and may be longer for promotional offers.
Tagged in
Business
Accounting

Related Accounting Q&A

Find answers to questions asked by students like you.

Q: What is the difference between Wages Payable and Wages Expense? What statement do they appear on?  W...

A: Click to see the answer

Q: Altira Corporation provides the following information related to its merchandise inventory during th...

A: Click to see the answer

Q: Financial statement data for years ending December 31, 2019 and 2018, for Edison Company follow: ...

A: Hence, 1.8 times is the sales to assets ratio for 2019. It is obtained by the division of sales and ...

Q: -/1 View Policies Current Attempt in Progress Bramble Corp. sells two types of computer hard drives....

A: Hence, $60 is the contribution margin for the Q-drive. It is the difference of per unit selling pric...

Q: Operating Leverage Snellville Co. reports the following data: Sales $483,900 Variable costs 329,100 ...

A: Operating leverage: It is the ratio that measures the proportion of fixed cost on the total costs an...

Q: 4. Homework Chapter 10

A: Common stock:  Common stock is the instrument used by the company for raising funds from the general...

Q: Wendy Chen established Windy City Coaching (WCC) to provide teen counseling and executive coaching s...

A: Activity Based Costing:Activity based costing is a costing that identifies activities in an organiza...

Q: c. How much profit should each flight produce? d. What additional issues might the airline consider ...

A: c. Compute profit for each flight produce as shown below:

Q: so I was able to calculate the break-even sales due to the formula of break-even revenue but how wou...

A: Note: The calculation of gross profit, revised profit, and revised gross margin require information ...

Q: Break-Even Sales Currently, the unit selling price of a product is $390, the unit variable cost is $...

A: Break-even sales are the dollar measure of income at which a business procures a benefit of zero. Th...

Q: Pet Products Inc. manufactures two products, cat bowls and dog bowls, from a joint process. Cat bowl...

A: Joint Cost: Joint cost is the manufacturing cost incurred on a joint production process which takes ...

Q: In Problem 5-5 if the numbers where changed to this.    Top Company holds 90 percent of Bottom Comp...

A: In order to consolidate, the intercompany sales and cost of goods sold must be eliminated.

Q: Vaughn Co. purchased land as a factory site for $456,000. The process of tearing down two old buildi...

A: Calculate the cost of land.

Q: Parrish 2-5 Pf 35 Please list the following as A, L, or SE 1) Bonds payable 2) Furnitre and fixtures...

A: Assets: These are the resources owned and controlled by business and used to produce benefits for th...

Q: Operating Leverage Snellville Co. reports the following data: Sales $483,900 Variable costs 329,100 ...

A: Degree of Operating Leverage:  Degree of operating leverage is an efficiency ratio which evaluates t...

Q: Bramble Corp. has a weighted-average unit contribution margin of $30 for its two products Standard a...

A: Formula to compute the net income.

Q: In 2013, Waldo Balloons sold 50 hot air balloons at $25,000 each. The balloons carry a 5-year warran...

A: Calculate the balance of warranty liability at the end:

Q: Analyze your company’s liability section of the comparative balance sheets.  Has the composition of ...

A:  Change in the composition of current and long-term liabilities of Walmart’s balance sheet over a pe...

Q: 8. Homework Chapter 10

A: Common stock refers to the shares of a company which are issued by company to general public for gen...

Q: St. Augustine Hospital has been hit with a number of complaints about its food servicefrom patients,...

A: A. Yes, St. Augustine should outsource its food-service operation to FINS because it is benefiting t...

Q: Carla Vista Co. sells $647,600 of receivables with a fair value of $659,400 to Carla Vista Trust in ...

A:  The journal entry for Carla Vista Co. to record the sale is as follows: 

Q: Crane Company has two divisions-Standard and Premium. Each division has hundreds of different types ...

A: In the given equation, combined contribution margin ratio has been calculated by dividing total sale...

Q: Southwest Components recently switched to activity-based costing from the department allocation meth...

A: Meaning of Overhead:Cost pertaining to cost unit may be divided into two portions direct and indirec...

Q: Q. question 5

A: Dividends: This is the amount of cash distributed to stockholders by a company out its earnings, acc...

Q: What financial statement are the following posted on? 1) Net cash flows from operations 2) Sales 3) ...

A: Financial Statements are reports that convey the business activities and financial performance of th...

Q: Schwer, Inc. issued $500,000 of 10%, 15-year bonds at 95 on July 1, 2012. Interest is payable semian...

A: Bonds may be issued at discount when the interest on the bonds is higher than the market interest ra...

Q: Calculate PayrollBreakin Away Company has three employees-a consultant, a computer programmer, and a...

A: Gross Pay: The total amount such as salary, wages, commissions, overtime, and bonus paid by an emplo...

Q: Why are the following items listed as a DR?  Aren't they CR accounts?  Exp;enses are CR accounts are...

A: Expenses are the payments that a company made to acquire something or for the benefit of the company...

Q: Margin of Safety The Rachel Company has sales of $500,000, and the break-even point in sales dollars...

A: Margin of safety (MOS) computes the distinction between the real or planned sales and break-even poi...

Q: 1-7  Please identify each type of business 1) Jean Johnson's home health care business does not have...

A: Types of BusinessThere are three main types of business organizations:Sole ProprietorshipPartnership...

Q: At​ year-end, StickStick has cash of $ 22 comma 000$22,000​, current accounts receivable of $ 80 com...

A: Calculate the receivables turnover ratio.

Q: Ch.2 #4 The duality of effects can be described best as follows 1) When a transaction is recored in ...

A: Double entry system: Under double entry system of accounting each transaction of business is recorde...

Q: Karen's  retail  store sells apparel. The store is in the third year of operations and is struggling...

A: Under LIFO method, the inventory received first are despatched first and the closing inventory consi...

Q: Machine Replacement Decision A company is considering replacing an old piece of machinery, which cos...

A: Differential analysis:

Q: Jan. 1   Purchased a small company and recorded goodwill of $177,000. Its useful life is indefinite....

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to...

Q: Following are excerpts from an income statement: Food Sales 265000 Beverage Sales 80000 Cost ...

A: Hence, the prime cost is $209,000 which is obtained by the addition of cost of sales and labour.The ...

Q: How much must I deposit into an account every month to have $1,500,000 in 15 years at a rate of 7% c...

A: A recurring deposit is a special type of term deposit offered by banks which help people with regula...

Q: On August 1, 2019, Rafael Masey established Planet Realty, which completed the following transaction...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3,800 ounce...

A: Equivalents units for production: The activity of a processing department in terms of fully complete...

Q: High-Low Method for a Service Company Continental Railroad decided to use the high-low method and op...

A: Click to see the answer

Q: Garcia Realty Co. pays weekly salaries of $17,250 on Friday for a five-day workweek ending on that d...

A: Adjusting entries: Adjusting entries are those entries which are recorded at the end of the year, to...

Q: Marten Corp.has a limited number of machine hours available to produce its three products A11, B22, ...

A: In the given table, ranking has been given on the basis of contribution margin per machine hour. Whe...

Q: Munoz Corporation incurs the following annual fixed costs: Item Cost $ 62,000 Depreciation Officers'...

A: In order to compute the fixed cost per unit, the total annual fixed cost needs to be determined. The...

Q: Accounts and Notes Payable On February 15, Barbour Industries buys $800,000 of inventory on credit. ...

A: Liabilities: Liabilities are the obligation of the business or amount payable by the business. Liabi...

Q: Sophia & More Company sells clothing, shoes and accessories at a city location near you. Informa...

A: Income Statement as per Variable Costing

Q: The following expenditures and receipts are related to land, land improvements, and buildings acquir...

A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and s...

Q: Bramble Corp. has two divisions; Sporting Goods and Sports Gear. The sales mix is 70 % for Sporting ...

A: The contribution of the average amount which is made by the group of product and services for paying...

Q: Direct Labor Variances Tip Top Corp. produces a product that requires 10 standard hours per unit at ...

A: a. Calculate direct labor rate variance.

Q: By December 31, 2017, Culver Corporation had performed a significant amount of environmental consult...

A: Pass a journal entry in the books of Culver Corporation for the fiscal year ended December 31, 2017.

Q: Apex Fitness Club uses straight-line depreciation for a machine costing $23,860, with an estimated f...

A: Calculation of machine’s book value:Results of formulas used in excel sheet is as follows: