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
Nuetrik [128]
2 years ago
5

even though the taxpayer is claimed as a dependent on another tax return, he or she can still file an income tax return to repor

t earned income of $500 and claim $50 of tax withholding. quizle
Business
1 answer:
Oksana_A [137]2 years ago
8 0

Yes the taxpayer can file tax return to report earned income of $500 to claim income tax withholding of $50.

What is the rationale behind this answer? Why can taxpayer claim $50 of tax withholding?

The explanation to this question can be that even though taxpayer is claimed as dependent on another tax return, they can file tax return to claim tax withholding of $50. If a dependent is earning, their income cannot be combined with their parents' income if they are earning income. They have to file their returns if they have to claim any tax refund or credits.

To know more about tax refund, visit:

brainly.com/question/13234219

#SPJ4

You might be interested in
After the first two entries in the closing process have been recorded and posted, the debits and credits to Income Summary are $
Dafna1 [17]

The answer is $10,000 net loss.

Given,

The debits and credits to Income Summary are $90,000 and $80,000, respectively.

An income summary is also known as an Income statement.

The debit side of this statement contains the expense for the period.

And the credit side of this statement contains the income for the period.

Therefore, according to the given information expenses are $90,000 and income is $80,000.

Since expenses incurred are greater than the income generated. There is a net loss for the current period.

The amount of the net loss will be calculated as follows:

Net loss = Amount of expenses - Amount of income

              = 90000 - 80000

              = $10,000

Hence, the amount of net loss for the period is $10,000.

Learn more about Income summary:

brainly.com/question/24498019

#SPJ4

6 0
2 years ago
Sharice is participating in a financial-management webinar in which the speaker is using unfamiliar terms and jargon, so Sharice
DedPeter [7]

Answer:

d. understanding

Explanation:

In communication when people share information the different parties go through the following stages in order: hearing, understanding, and responding.

In the given scenario the speaker is using unfamiliar terms and jargon, so Sharice asks the speaker to clarify the meaning of what he is saying.

She is trying to understand what the speaker is saying

6 0
3 years ago
The Fed threw a lot of money at the financial crisis in 2008 to unfreeze credit markets and encourage economic activity. As part
romanna [79]

Answer:

D. increase; decrease

Explanation:

$2200; increased; 300

8 0
3 years ago
If there are any DBZ fans on here...
katrin2010 [14]

Answer: If you would like to use either, feel free, as long as you give me credit & a link back! ... "I want it to be springtime~! But it's filled with fighting~! Just once I'd like to ... Tenshinhan and Chiaotzu looked up as well, ignoring the resentful look on Frieza's face. ... Vegeta'll be here in a little bit, so how 'bout we talk

Explanation:

6 0
3 years ago
Suzanne is excited about a black friday sale in which big-screen tvs are advertised for only $400. however, when she gets to the
mel-nik [20]

Answer:

Bait and Switch

Explanation:

Bait and switch is a deceptive sales technique that draws customers in with the promise of low prices and then "switches" to say that the promised item is not available. It is actually illegal under <em>some </em>circumstances in the United States.

8 0
3 years ago
Other questions:
  • Hofstede studied how culture influences consumer behavior. When a Japanese company decides that it will be willing to lose money
    11·1 answer
  • You are placing an order for printer paper for your office, and the supplier offers to
    15·1 answer
  • Steve issues a 30-day negotiable promissory note, payable to the order of Henry, to cover the cost of Henry buying a car for Ste
    6·1 answer
  • A client heard through its hotline that John, the purchases journal clerk, periodically enters fictitious acquisitions. After Jo
    12·1 answer
  • Markets distribute goods and services based on _____. A. revenue B. price C. profits
    5·2 answers
  • Lisa’s Custom Print Services produces and sells custom seashore prints. The manager reported $5,400 in fixed expenses, operating
    8·1 answer
  • 1. The crucible is not fired, as the procedure suggests. The mass of the dirty crucible is recorded. However, the impurities are
    10·1 answer
  • Sove it then i will become you brain list​
    5·1 answer
  • The Sky Blue Corporation has the following adjusted trial balance at December 31. Debit Credit Cash $ 1,230 Accounts Receivable
    11·1 answer
  • Incumbent firms prefer to focus on incremental innovations which reinforce their established organizational structure and power
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!