Emilio is employed as full-time mechanic in the service department of an auto dealer. In his soare time, He draws political artoons and sells them to the weekly newspaper in his town. He is paid $35 for each cartoon, which amounts to an additional $1,820. The newspaper dose not withhold any taxes. This $1,820 is ----income.
B.disposable
C.budgeted
D.taxable
i got B but at the same time i think irs A. what do you think?
Neither is correct.
Read the problem and the answer choices carefully.
ohhh its C ?
People pay federal income tax on the money they earn.
Usually the employer deducts a certain amount from each pay check and sends it to the government. But the newspaper doesn't do that, so Emilio must pay the tax himself when he files his federal income tax forms in April.
Yea But it sayd the newspaper dosent withhold any taxes.
But the government insists that Emilio pay the taxes.
http://dictionary.reference.com/browse/taxable
okay thank you
You're welcome.
Mrs. Sue can you just give the correct answers and not joke around. obviously some of the questions aren't seen in the text book, this question in fact is critical which has to do with thinking. and you give out horrible answers the majority of the time. i put it on the exam thing and got a low score because of your mistake. please don't give out wrong answers if you don't know.
Based on the information provided, the correct answer would be D. taxable income.
Taxable income refers to the amount of income that is subject to taxation by the government. In this case, Emilio earns $1,820 from selling his political cartoons to the newspaper. Since the newspaper does not withhold any taxes from this income, Emilio will be responsible for reporting this additional income and paying taxes on it. Therefore, the $1,820 is considered taxable income.