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andrey2020 [161]
2 years ago
11

sarah has two dependent children who attend sun valley day care while she is at work. she will claim a $1,200 credit for child a

nd dependent care expenses in the current tax year. what amount of deduction is necessary to provide a tax benefit that is equal to that provided by the child care credit if sarah is in the 24% marginal income tax bracket?
Business
1 answer:
castortr0y [4]2 years ago
6 0

If Sarah is in the income tax band that has a marginal rate of 24%, the amount of the deduction that must be taken in order to generate a tax advantage that is equivalent to that provided by the child care credit is x = 5000.

This is further explained below.

<h3> What amount of deduction is necessary to provide a tax benefit that is equal to that provided by the child care credit if Sarah is in the 24% marginal income tax bracket?</h3>

Generally, The proportion of an individual's income that must be paid in taxes is referred to as that person's marginal tax rate.

The average tax burden may be conceptualized as the entire tax burden expressed as a proportion of the income that is produced.

Tax: Taxes are payments to the government that is required of all citizens, whether they be people or companies.

In conclusion,

Available deduction = 1200

Deduction rate = 0.24

Amount of money needed for an investment

x= 1200/0.24

x= 5000

Read more about marginal income tax

brainly.com/question/10798743

#SPJ1

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The ability of an organism to change in its environment. It applies to development by environmental interactions and neural changes influenced by learning.
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3 years ago
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Answer:

The correct answer is a combination of factors and is explained below.

Explanation:

On the one hand, the marketing area inside the companies tend to be left apart or not given much of the attention that they actual need inside the organization and that is<u> due to the fact that the business' owner or even the managers sometimes thinks that there is a major importance in the finances of the enterprise or even in the production and its current quality</u>.

On the other hand, the marketing function inside an organization should be taking care as much as the other functions due to the fact that it has a very huge importance in the selling process of the company and therefore in its number of sales during an amount of time. Moreover, those companies that do not focus so much effort in the marketing will probably have a great product with a good quality but <u>they would not acquire a big number of sales because they would not know how to sell the product and to whom</u>, furthermore they would <u>find themselves selling much less that does companies that have a simple product but a good marketing mix</u>.

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3 years ago
You invest 50% of your money in security A with a beta of 1.6 and the rest of your money in security B with a beta of 0.7. The b
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8 0
3 years ago
A company that uses a strategy of selling its products to a distributor in another country would be using.
storchak [24]

A company that uses a strategy of selling its products to a distributor in another country would be using <u>exporting.</u>

<u></u>

<h3><u>How Do Exports Work?</u></h3>

Exports are products and services made in one nation and offered to customers in another. Imports and exports together make up global trade.

Because they give people and businesses access to a larger market for their products, exports are crucial to modern economies. Fostering economic commerce, and boosting exports and imports for the advantage of all trading parties, is one of the primary goals of diplomacy and foreign policy between countries.

<u>Benefits of Exporting for Businesses</u>

There are numerous reasons why businesses export their goods and services. If the goods open up new markets or widen existing ones, exports can boost sales and profits and may even offer the chance to gain a sizeable portion of the worldwide market. Exporting businesses diversify their markets to reduce business risk.

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7 0
1 year ago
Exercise 13-26 (LO. 5) Henry is a 50% partner in HJ Partnership. This year, the tax form he receives from HJ (Schedule K-1 of Fo
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Answer:

20,000

Explanation:

Henry has already received the $10,000 from HJ, It would be considered as a partial withdrawal of his share of profit. His total income should be 20,000 (40,000 x 50%) so the remaining 10,000 of his share of profit may be received by him later on a future date

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Henry must report on his Form 1040 from HJ for the tax year = 20,000

3 0
3 years ago
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