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kati45 [8]
3 years ago
14

The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Cannot exceed

the amount of the tax liability.
Business
1 answer:
k0ka [10]3 years ago
3 0

Answer:

The correct answer is letter "A": Must be calculated on earned income as well as adjusted gross income in some cases.

Explanation:

The Earned Income Credit is a refund the government issues to taxpayers in case their earned income or Adjusted Gross Income (AGI) is lower than the amount of taxes they need to pay. The maximum earned income to qualify for an earned income credit also depends on the number of children in the household, and if the file return is submitted jointly.

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A portfolio analysis involves:________
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separating a company's products and services into different categories that represent its business portfolio.

Explanation:

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Assume lawyer services are priced by the hour and elasticity of demand for a particular lawyer is 0.6. If she were to increase h
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Answer:

C. Fall, 30%, Rise

Explanation:

  • Price Elasticity of Demand is responsive change in demand, due to change in price.

P.Ed = % change in demand / % change in price.

Given : Price rise by 50% , P.Ed = 0.6

So, % change in demand = P.ed x % change in price

% change in demand = 0.6 (50)

% change in demand = 30%

Law of demand states negative relationship between price & demand, so P.ed is negative. Price rise 50% reduces demand by 30%.

  • P.Ed can be : Elastic ( > 1 ), or Inelastic ( < 1 ).  If P.Ed is Elastic, price & total revenue are inversely related. If P.Ed is Inelastic, price & total revenue are directly related.

So, Given PEd = 0.6 (i.e < 1 ) : Inelastic Demand implies price & total revenue are directly related related to each other. So, price fall lead to TR fall & price rise lead to TR rise.

6 0
3 years ago
Jaguar has full manufacturing costs of their Sminustype sedan of pound​22,803. They sell the Sminustype in the UK with a​ 20% ma
Anika [276]

Answer:

Explanation:

Old Price         27363

Exchange Rate 2.01

USD Value         55000

the company has committed to sale at $55000 existing price for next six months.

No currency hedge contract has been made by jaguar, in such case due to appreciation of pound the value of dollar will decrease but due to commitment by jaguar not to fluctuate the cost the total amount receivable in pounds will decrease as compared to 6 months before

USD Value         55000

Exchange Rate  2.15

Price in Pounds      25581

Decrease in pounds = 27363-25581 = 1782 loss

3 0
3 years ago
Read 2 more answers
Donna entered into an oral contract with Ava to purchase a house from Ava, with $500 per month payments for the next 10 years. D
Crank

Answer:

Oral contracts regarding the sale of real property are enforceable under the Statute of Frauds.

Explanation:

Another thing that supports Donna's case is that she spent money, time and possibly others resources remodeling the house because she relied on the validity of the oral contract.

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3 years ago
I need the answer for this
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Answer:

D.)

i invest in stocks

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