1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
zubka84 [21]
1 year ago
9

Brenda and John are married file a joint return and have a son being age 5 they live with Brenda's mother the entire year Brenda

is 32 years old she earned 15,000 for the tax year and her mother earned $28,000 John earned 25,000 which of the following statements is correct
Business
1 answer:
arlik [135]1 year ago
4 0

The following statements is correct a) Brenda and John would claim Ben as a qualifying child unless they both choose not to claim their son as a qualifying child.

<h3>What is a qualifying child?</h3>

A Qualifying Child is a child who satisfies the IRS requirements to be your dependent for tax objectives. Though it does not have to be your youth, the Qualifying Youth must be related to you. If someone is your Qualifying Child, then you can proclaim them as a dependent on your tax retrieval.

<h3>What age qualifies as qualifying child?</h3>

To meet the qualifying child test, your child must be more youthful than you and either younger than 19 years old or be a "learner" younger than 24 years old as of the end of the calendar year. There's no age limit if your child is "always and totally disabled" or meets the qualifying comparative test.

To learn more about Qualifying child, refer

brainly.com/question/14328499

#SPJ9

You might be interested in
An investor is considering two investment, an office building and bonds. He can only invest on of them. The possible return from
Hitman42 [59]

Answer:

1) Calculate the expected return and variance of investing in office building.

expected return:

$50,000 x 0.3 = $15,000

$60,000 x 0.2 = $12,000

$80,000 x 0.1 = $8,000

$10,000 x 0.3 = $3,000

<u>$0 x 0.1 = $0                      </u>

expected return = $38,000

$50,000 - $38,000 = -$12,000² = $144,000,000

$60,000 - $38,000 = -$22,000² = $484,000,000

$80,000 - $38,000 = -$42,000² = $1,764,000,000

$10,000 - $38,000 = -$28,000² = $784,000,000

<u>$0 - $38,000 = -$38,000² = $1,444,000,000         </u>

<u />

expected variance: (0.3 x $144,000,000) + (0.2 x $484,000,000) + (0.1 x $1,764,000,000) + (0.3 x $784,000,000) + (0.1 x $1,444,000,000) = $43,200,000 + $96,200,000 + $176,400,000 + $235,200,000 + $144,400,000 = $695,400,000

standard deviation = √$895,800,000 = $26,370

2) Calculate the expected return and variance of investing in bonds.

expected return:

$30,000 x 0.4 = $12,000

<u>$40,000 x 0.6 = $24,000   </u>

expected return = $36,000

$30,000 - $36,000 = -$6,000² = $36,000,000

<u>$40,000 - $36,000 = $4,000² = $16,000,000</u>

<u />

expected variance: (0.4 x $36,000,000) + (0.6 x $16,000,000) = $14,400,000 + $9,600,000 = $24,000,000

standard deviation = √$24,000,000 = $4,899

3) Based on the expected return we should choose investing in a building, but if we consider the variance and the standard deviation of the investments, I would choose investing in bonds. The difference in expected returns is not that large (only $2,000) but the variance and standard deviations of investing in the office buildings is quite large, meaning that the risk is very high.

3 0
3 years ago
After recently having repairs made to a refrigerator, Tammy has found that it has a new problem. Tammy has an opportunity to buy
just olya [345]

Answer: The cost of the previous repairs.

Explanation:

7 0
3 years ago
A(n) ________ is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance o
sammy [17]

Meritocracy is a system based on a dominant ideology involving the widely shared belief that all people have an equal chance of succeeding economically or a political philosophy stating that power should be vested in individuals based on their hard work and skills.

 





5 0
3 years ago
In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress: Multiple Choice pass
kumpel [21]

In an effort to prevent future financial crises like the stock market crash of 1929, in the 1930s Congress formed the FDIC.

<h3>What is the FDIC?</h3>

The Federal Deposit  Insurance Corporation (FDIC) was formed by th Congress after the stock market crash of 1929.Bank run was attributed to be one of the causes of the great depression. The FDIC increases confidence of depositors in banks because they insure the deposit of bank customers.

To learn more about the federal deposit insurance corporation, please check: brainly.com/question/827771

#SPJ1

6 0
1 year ago
Which of the following would be an example of mechanical convection?
Ede4ka [16]
<span>D. Because mechanical convection is the transfer of heat to a free flowing fluid on a heated surface.</span>
4 0
2 years ago
Read 2 more answers
Other questions:
  • On July 1, Shady Creek Resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each Jun
    5·1 answer
  • What data are collected from consumers to develop a perceptual map for a particular product category?
    8·1 answer
  • A stock is expected to pay a dividend of $0.5 at the end of the year (D1=0.5), and it should continue to grow at a constant rate
    9·2 answers
  • A share of stock in the Bree Medical Supply Company is quoted at 351/4. Suppose you hold 20 shares of that stock, which you boug
    6·1 answer
  • The Tenant is responsible for insuring the Property for damage or loss to the structure, mechanical or improvements to the build
    14·1 answer
  • The United States economy is considered by the Institute for Management Development to be the most competitive economy because:_
    7·1 answer
  • Pitney Co. purchased an office building, land, and furniture for $500,000 cash. The appraised value of the assets was as follows
    5·1 answer
  • Which of the following is true about the short-run aggregate supply curve.
    12·1 answer
  • You purchase a $325,000 town home and you pay 25 percent down. You obtain a 30-year fixed-rate mortgage with an annual interest
    12·1 answer
  • Economic forecasters predict a long period of job growth and consumer spending. The Federal Reserve is most likely to do which o
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!