Jamarcus, a full-time student, earned $3,700 this year from a summer job. he had no other income this year and will have zero federal income tax liability this year. his employer withheld $481 of federal income tax from his summer pay. is jamarcus required to file a tax return? should jamarcus file a tax return?
a. jamarcus should compulsorily file a tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer.
b. jamarcus is required to file an income tax return regardless of income and should file a tax return.
c. jamarcus is not required to file an income tax return because his gross income of $3,700 is well below the gross income threshold for a single taxpayer. however, he should file a taxreturn to receive a refund of the $481 previously withheld.
d. jamarcus is not required to file a tax return as the refund of $481 previously withheld will be automatically credited to his bank account.

In each of the cases below, assume division x has a product that can be sold either to outside customers or to division y of the same company for use in its production process. the managers of the divisions are evaluated based on their divisional profits. case a b division x: capacity in units 200,000 200,000 number of units being sold to outside customers 200,000 160,000 selling price per unit to outside customers $ 90 $ 75 variable costs per unit $ 70 $ 60 fixed costs per unit (based on capacity) $ 13 $ 8 division y: number of units needed for production 40,000 40,000 purchase price per unit now being paid to an outside supplier $ 86 $ 74 required: 1. refer to the data in case a above. assume in this case that $3 per unit in variable selling costs can be avoided on intracompany sales. a. what is the lowest acceptable transfer price from the perspective of the selling division? b. what is the highest acceptable transfer price from the perspective of the buying division? c. what is the range of acceptable transfer prices (if any) between the two divisions? if the managers are free to negotiate and make decisions on their own, will a transfer probably take place?