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Olenka [21]
2 years ago
12

The American opportunity tax credit is available only for those students who are in their first or second year of postsecondary

education.
Business
1 answer:
Triss [41]2 years ago
3 0

The American possibility credit score is especially for undergraduate university college students and their parents. you can claim the credit for your taxes for most of four years. Your mother and father will claim the credit in the event that they paid on your training charges, and you're indexed as a depending on their go back.

The American Opportunity Tax credit score is a tax credit to help pay for schooling charges paid for the first 4 years of training completed after excessive faculty. you may get a most annual credit of $2,500 in keeping with eligible pupils and 40% or $1,000 might be refunded if you owe no tax.

The eligible for AOTC, the student ought to: Be pursuing a diploma or different diagnosed schooling credential. Be enrolled at least 1/2 time for at least one educational duration* beginning within the tax year. no longer have completed the primary 4 years of higher schooling at the start of the tax.

Learn more about  American Opportunity here:brainly.com/question/1549591

#SPJ4

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During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were so
photoshop1234 [79]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Units manufactured= 2,400

Units sold= 2,000

Sales= $2,150,000

Manufacturing costs:

Direct materials= $960,000

Direct labor= $420,000

Variable manufacturing cost= $156,000

Fixed manufacturing cost= $288,000

Total= $1,824,000

Selling and administrative expenses:

Variable= $204,000

Fixed= $96,000

Total= $300,000

<u>Under the absorption costing, the cost of goods sold is calculated using the direct materials, direct labor, and total unitary manufacturing overhead.</u>

First, we need to calculate the cost of goods sold:

Unitary product cost= total cost/units produced

Unitary product cost= 1,824,000/2,400= $760

Now, we can determine the net operating income:

Sales= 2,150,000

COGS= (2,000*760)= (1,520,000)

Gross profit= 630,000

Total Selling and administrative expenses= (300,000)

Net operating income= 330,000

3 0
3 years ago
Which of the following describes a potential risk for facing online predators?
wel
A.Tammy's little sister starts visiting online chat rooms to make friends
5 0
3 years ago
Luther Corporation Consolidated Balance Sheet December​ 31, 2006 and 2005​ (in $​ millions) Assets 2006 2005 Liabilities and ​St
jeyben [28]

Answer:

Luther Corporation

Current Ratio for 2006 is closest to:

1.1 : 1

Explanation:

a) Data and Calculations:

Total Current Assets = $144 million

Total Current Liabilities = $132 million

Current Ratio = Current Assets/Current Liabilities

= $144/$132

= 1.1 : 1

b) Luther Corporation's current ratio is a liquidity measure that shows Luther's ability to pay off short-term obligations worth $132 million or those due within one year with its current assets of $144 million.  The ratio tells investors and analysts of Luther Corporation how Luther can use its current assets to pay off its current debts.  Since Luther's current ratio is higher than 1, it is considered good, depending on the industry average.  This means that Luther's current ratio of 1.1 : 1 should not be considered in isolation, but in comparison with other firms in the industry and its performance over a number of years.

6 0
2 years ago
Which one is the biggest part of your budget fixed or variable cost
VLD [36.1K]
It depends but variable costs are usually associated with unit production like ingredients or materials so fixed costs like capital expenditure might be the larger part of a budget
3 0
3 years ago
What are the first steps to start business
Lorico [155]

Answer:

finding a market for your product then finding a marketing strategy then get your assets set up

Explanation:

5 0
3 years ago
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