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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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Stevie recently received 1,035 shares of restricted stock from her employer, Nicks Corporation, when the share price was $9 per
Anton [14]

Answer:

9,315

Explanation:

The 83(b) election of the IRC which allows the employe of restricted stock to pay taxes on the fair market value at the time were granted.

It applies when the stocks are subject to vesting

The 83(b) election becomes useful when the employee has confidence that market value will increase and thus, saving taxes in the future.

If the market price decrease over the years or the company files for bankrupcy, the taxpersons will have pay income taxes for a worthless amount.

Also, if he leaves the company before esting the shares, it would had pay taxes for shares it won't receive.

So, resuming: under election 83(b) we use granted time value

1,035 x 9 = 9,315

4 0
3 years ago
- wuat is the result of a good business decision? (1 point)
Kobotan [32]

Answer:

It sacrifice short-term losses for long-term benefit.

Explanation:

As a result of you making a good business decision it allows you to absorb the short term losses in getting a better long time benefit that will last for decades of profit maximization that will cover times ten of your short term losses.

3 0
3 years ago
In an initial survey designed to estimate the percentage of time air-express cargo loaders are idle, an analyst found that loade
vlabodo [156]

Answer:

13.3%

Explanation:

The time in which the employee are free or not working due to halt in operation or a process. The employee are ready for work in this time and waiting for operation to start.

According to the given data

Total observations = 45 observations

Number of observation that found loader idle = 6 observations

Percentage of idle time is the ratio of number of times labor found idle to total numbers of observations.

Estimated percentage of idle time = (6 / 45) x 100

Estimated percentage of idle time = 13.3%

4 0
3 years ago
"One of the key factors a plaintiff (employee) must prove in a wrongful discharge lawsuit based on the public policy tort except
Cerrena [4.2K]

Answer:

Clarity

Explanation:

Employment-at-will is the situation whereby an organization enters into a contractual relationship with an employee stating that they can be dismissed by the organization for any reason even without warning on the condition that the dismissal is not Illegal. Thus, to prove a wrongful dismissal based on public tort exception to employment at will is clarity.

7 0
3 years ago
"A customer who has his primary residence in Montana, has a vacation home in Colorado. An intrastate offering is being made in t
swat32

The options available are:

A. The customer is permitted to buy these securities

B. The customer is prohibited from buying these securities

C. The customer can buy the securities if he spends at least 2 weeks per year in the state of Montana

D. The customer can buy the securities if he files an affidavit of domicile in the state of Montana

Answer:

The customer is permitted to buy these securities

Explanation:

The intrastate offering is a form of securities offering which different from the interstate offering, and can only be acquired in the state in which it is being issued. However, while it does not need to be registered with the Security Exchange Commission(SEC), to fulfill Intrastate requirements, it must, amongst others, be sold and offered only to residents of the state in which it is issued.

Hence, in this case, since the customer is a primary resident of Montana, he is permitted to buy these securities

8 0
3 years ago
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