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
zloy xaker [14]
3 years ago
12

Emilio and lara have two children who are enrolled full-time at their state college, wyatt, who is a freshman and deidra, who is

a senior, are both pursing undergraduate degrees. emilio and lara paid tuition of $8,000 for wyatt and $15,000 for deidra. emilio and lara's agi is $100,000 and they will file a joint return. assuming that if they otherwise qualify, what is the maximum education credit that emilio and lara can take on their return?
Business
2 answers:
frosja888 [35]3 years ago
6 0
<span>The maximum education credit for both emilio and lara would $5,000. They would be fully reimbursed for the first $2,000 on each student and then 25% of the next $2,000. Because they paid more than $4,000 per student they would receive the maximum reimbursement of $2,500 per student.</span>
amid [387]3 years ago
3 0
According to The American opportunity tax credit (AOTC<span>) Each student could </span>get a maximum annual<span> credit of $2,500 per eligible student.
So, </span><span>maximum education credit that emilio and lara can take on their return collectively is:
$ 2,500 x 2 = $ 5,000</span>
You might be interested in
A real-world question. You have just earned a technical" Bachelor of Science degree. A great job awaits you if you have a master
Reika [66]

Answer:

Explanation:

Following things should be in mind for selecting the institute:

The university from which he is going to do his masters is somewhere connected to the technical line is better as he can learn management skills while also practicing on technical skills.

One can also keep in mind the distance of the college as it would add a expense on his pocket. it also saves time when the college is near.

The college should be under budget as it should not also over-budget for you.

The college should also be affiliated with any reputed university so as it would give the knowledge as well as exposure to one's career.

5 0
3 years ago
When a group wants to achieve a consensus or unanimous decision, the responsibility of the chair is to be constantly attentive t
Dmitriy789 [7]

Answer:

The correct answer is Introduce unnecessary ground rules or let the parties suggest them to distract. Introduce internal information that will help illuminate the issues and interests.

Explanation:

The decision by consensus is a decision process that seeks not only the agreement of the majority of the participants, but also pursues the objective of resolving or mitigating minority objections to reach the most satisfactory decision. At the same time consensus means: a) a general agreement, b) a process to reach that agreement. Decision-making by consensus is primarily about the process.

It has been said that true consensus implies "meeting everyone's needs." Decision-making by consensus attempts to denigrate the role of factions or parties and promote the expression of individual voices. The method also increases the probability of unforeseen or creative solutions by juxtaposing dissimilar ideas, as it seeks to minimize the objection; It is very popular in voluntary organizations, where decisions are made when there is generally broad approval. The consensus method is desirable when it is unlikely to force compliance with the decision, just as if each participant independently adopted the same unanimous decision.

7 0
4 years ago
Spot Construction builds roads, bridges, and other infrastructure. The following is the budget for a road project along with the
AfilCa [17]

Answer:

See attachment below

Explanation:

8 0
3 years ago
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion
Evgesh-ka [11]

Answer:

$5,000

Explanation:

<em>Note that Lakeland Chemical manufactures uses weighted-average method of process costing</em>

Equivalent units

Materials  = 9,000

Conversion Costs = 7,500

Total Costs

Materials = $20,500

Conversion Costs = $15,000

Cost per equivalent units

Materials =

Conversion Costs =

Total Cost in remaining in work in process

Total Cost

The total costs remaining in work in process on May 31 are $5,000.

8 0
3 years ago
Fill in the blank question. A product has a selling price of $10 per unit, variable expenses of $6 per unit and total fixed cost
Trava [24]

The net operating income is $5,000.

<h3>What is the net operating income?</h3>

The net operating income is total revenue less direct and indirect expenses.

The net operating income = total revenue - variable expenses - fixed costs.

Total revenue is price per unit multiplied by the total quantity sold. The variable expense cost per unit multiplied by the total quantity sold.

(10,000 x $10) - (10,000 x $6) - $35,000

100,000 - 60,0000 - 35,000 = $5,000

To learn more about fixed cost, please check: brainly.com/question/25879561

6 0
2 years ago
Other questions:
  • As a prospective owner of a club known as the Red Rose, you are interested in determining the volume of sales dollars necessary
    6·1 answer
  • Bj can overhaul a​ boat's diesel inboard engine in 15 hours. his apprentice takes 30 hours to do the same job. how long would it
    10·1 answer
  • Quick Eats is a fast-food restaurant that has recently entered the hospitality industry. Since most of its competitors are pursu
    5·1 answer
  • Which is not ordinarily a responsibility of the director?
    13·1 answer
  • Intel corporation created the Intel Inside campaign to make consumers aware that an important component of any computer is the q
    9·2 answers
  • Casey Motors recently reported net income of $148 million. The firm's tax rate was 40.0% and interest expense was $46 million. T
    14·1 answer
  • [Ch 10] You are the CFO of a company, and you need to analyze a new product line. The company has 8% coupon-bonds outstanding wi
    14·1 answer
  • Coronado Industries produces 1000 units of a necessary component with the following costs:
    6·1 answer
  • Career question easy below
    10·1 answer
  • What effect, if any, would you expect poor-quality materials to have on direct labor variances?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!