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3 years ago

1. Which of the following people is/are legally required to file a tax return?

Business

1 answer:

Assoli18 [71]3 years ago

4 0

Answer:

b. and d.

Explanation:

Amanda is not required to pay any tax, as She is earning less than $12200s. And, Jason as well cannot be asked to pay tax as he is earning less than the required limit. However, Greg and Erin are required to file their returns, as they are earning more than the allowed free limit.

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Assume that you have a three-year-old daughter and you have come to appreciate the power of saving and investing. Can you open u

aliya0001 [1]

Answer:

No.

You cannot open up and put money into a Roth IRA in your child's name.

Explanation:

The IRS allows that any child, regardless of age, can contribute to an IRA if they have earned income. This means that only a child that has earned income can have an IRA opened for him or her. As the child is still underage, the IRA must be set up as a custodial account by the parent or another adult. This implies that the child cannot operate the account during the period she is underage but can have money saved in the account from her earned income.

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2 years ago

If Lorenzo stands up at a concert he can see the performance better. He therefore concludes if everyone stood up, everyone could

Lemur [1.5K]

Answer:

The correct answer is letter "B": The statement presents the fallacy of composition.

Explanation:

The Fallacy of composition refers to a fallacy by which an individual believes that something is true just because part of the whole is true. Typically, this type of belief leads to mistaken conclusions because what might be right for one person does not necessarily is right for others.

6 0

3 years ago

Vintage Baskets had the following department data: Work in process, physical units, August 1 8,000 Completed and transferred out

sp2606 [1]

Answer:

Equivalent units in the month of August using weighted average = 67,000

Explanation:

Using the weighted average method we have,

Opening equivalent units for material = 8,000 as materials are added in the beginning of the process.

Completed and transferred = 69,000

Out of which 8,000 were from opening

Therefore equivalent units = 69,000 - 8,000 = 61,000

Closing inventory = 6,000 again this will also be 100 % complete for materials as the material is added in beginning.

Total equivalent units in the month of August using weighted average = 61,000 + 6,000 = 67,000

6 0

2 years ago

If interest rate parity holds and the annual Taiwan nominal interest rate is 7% and the US. annual nominal rate is 5% and real i

Sati [7]

Answer:

2% higher

Explanation:

Nominal rate = real rate + inflation

In the U.S:

$5\%=2\%+inflation\\inflation = 3\%$

In Taiwan:

$7\%=2\%+inflation\\inflation = 5\%$

The difference between inflations is:

$I_T - I_{US} = 5\%-3\% = 2\%$

Therefore, then inflation in Taiwan is about 2% higher than in the U.S.

7 0

3 years ago

Nominal gross domestic product is a poor measure of economic growth because

Softa [21]

The value will also change when there are changes in price, which do not only reflect the change in quantities

8 0

3 years ago