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solmaris [256]
2 years ago
9

in 2022, denise has two children who are qualifying persons for the child and dependent care credit, ethan and jeffrey. ethan ha

s $9,000 in dependent care expenses, and jeffrey has none. assuming all other tests are met, what amount of expenses is the credit based on? $3,000 $6,000 $8,000 $9,000
Business
1 answer:
ss7ja [257]2 years ago
6 0

In 2022, Denise has two children who are qualifying persons for the child and dependent care credit, Ethan and Jeffrey. Ethan has $9,000 in dependent care expenses, and Jeffrey has none. assuming all other tests are met, up to $8,000 of expenses is credited based on.

A federal tax break known as the Child and Dependent Care Credit assists families in paying for childcare costs incurred while working or looking for jobs. Families that are required to pay for the care of an adult dependant or a spouse who is disabled may also be eligible for the credit.

The child and dependent care credit aid you in paying for the upkeep of any dependents that qualify (aka "qualifying persons").

Your income and a portion of the costs you expend for the care of a qualifying individual while you work or look for a job are used to determine how much of a credit you are eligible for.

You can deduct costs for babysitters, day camps, and before- and after-school activities in addition to childcare.

The credit became considerably more generous and may be refundable as a result of the American Rescue Plan Act of 2021.

Learn more about care credit here:

brainly.com/question/18801773

#SPJ4

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Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
padilas [110]

Answer

Financial advantage from further processing    $31

Explanation:

<em>A company should process further a product if the additional revenue from the split-off point is greater than than the further processing cost.  </em>

<em>Also note that all cost incurred up to the split-off point (the cost of crushing) are irrelevant to the decision to process further .  </em>

<em>                                                                                                     $</em>

Sales revenue after the split off point( 64+64)                       128

Sales revenue at the split-off point (16+47)                            <u> 63</u>

Additional sales revenue                                                          65

Further processing cost ( 15+19)                                              <u>(34 )</u>

<em>Net income after further processing                                        31</em>

Financial advantage from further processing    $31

4 0
3 years ago
Read 2 more answers
What motivates people to comparison shop?
mestny [16]
D)the desire to get the most for their money.
6 0
3 years ago
Kate plans to start a winter garment store. The market conditions suggest that the best time to start a winter garment store is
Aleks04 [339]
December because it's between the months of October and February
8 0
2 years ago
You are writing a recommendation report on which vendor of audiovisual services to hire for your company's annual conference. Th
amm1812

Answer:

I suggest you delay your choice until you learn more of Zenith's current management

Explanation:

The management is just a position that doesn't carry the same character. Every manager carries different values and principles and one person might be satisfactory to you while another might not be. The new management may have some characters which might be off-putting to you and might ruin the company's conference. Best to go with what you know than what you don't.

4 0
3 years ago
7. Problems and Applications Q7 A dozen eggs cost $0.96 in December 2000 and $2.75 in December 2015. The average wage for worker
Novay_Z [31]

Answer:

By what percentage did the price of a dozen eggs rise?

  • [($2.75 - $0.96) / $0.96] x 100 = 186.46%

By what percentage did the wage rise?

  • [($21.26 - $14.28) / $14.28] x 100 = 48.88%

In order to earn enough to buy a dozen eggs, a worker had to work <u>4.04</u> minutes in December 2000 and <u>7.76</u> minutes in December 2015.

  • ($0.96 / $14.28) x 60 = 4.04 minutes
  • ($2.75 / $21.26) x 60 = 7.76 minutes

Workers' purchasing power in terms of eggs between 2000 and 2015.

  • purchasing power in terms of eggs in 2000 = 14.875 dozens of eggs per hour
  • purchasing power in terms of eggs in 2015 = 7.76 dozens of eggs per hour

3 0
3 years ago
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