Answer:
$4000
Explanation:
Step 1. Given information.
The child tax credit is $2000 per child.
Step 2. Formulas needed to solve the exercise.
Total amount of credit = Number of kids * amount of credit.
Step 3. Calculation and Step 4. Solution.
The AGI limit phaseout begins at $400.000 for joint tax filters. In this case there are 2 dependent kids and hence the credit = 2000*2 = 4000.
Commercial document issued by a buyer to a seller as a means of formally requesting a credit <span>note</span>
Answer: $42,000
Explanation:
Using a straight line Depreciation method means that the Equipment will be depreciated uniformly throughout it's life. i.e by the same amount.
Depreciation = (Cost - Residual Value) / Useful Life
= (483,000 - 63,000) / 10
= 420,000/10
= $42,000
The annual Depreciation amount for Year 1 - 3 is $42,000 and will be the same as long as the Equipment is in service.
Answer: b. movement along SRAS
Explanation:
When the price level changes due to an increase in the demand that forces the Aggregate demand curve to shift rightward, the immediate effect would be that the Aggregate demand curve would intersect the Short Run Aggregate supply at a new point.
This new point will see a movement <em>along </em>the SRAS from its previous equilibrium point to the new equilibrium intersection point with the AD curve. In other words, the new point will be on the same SRAS curve just moving from one point to another.
Answer:
Felix- Employed, Yvette- Employed, Frances- unemployed, Jamal- not in labor force, Shen- not in labor force
Explanation:
People who have a job and are currently working are considered employed. Those who don't have a job but are looking for one are unemployed. Adults who are not working and looking for jobs and those who have retired are not in the labor force. Children below 16 are not in adult population.
Felix is employed as he is working as a coach.
Yvette is working on her novel so she will be considered employed.
Frances does not have a job and is looking for one, so he is unemployed.
Jamal is retired so he is no longer in the labor force.
Shen will not be in the labor force as he is no longer looking for work.