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KIM [24]
3 years ago
10

Alexis is single and in the 22% tax bracket. For the current year, assume she claims a standard deduction of $12,000. In additio

n, she is able to take a $1,000 education tax credit. What is the total tax benefit derived by Alexis as a result of claiming these items on her tax return
Business
1 answer:
guajiro [1.7K]3 years ago
3 0

Answer:

$3,640

Explanation:

The computation of the total tax benefit derived is shown below:

But before that we have to find out the claimed tax benefit

= Standard Deduction × Tax Rate

= $12,000 × 22%

= $2,640

And, the education tax credit is $1,000

So, the total tax benefit derived is

= $2,640 + $1,000

= $3,640

Therefore the tax benefit derived is $3,640

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OKRs can be executed in stages. The first stage would be keyed to a deadline and then then once the project is completed and run
DerKrebs [107]

Answer:

b) false

Explanation:

OKR is a goal-setting method used by companies. It is impleemented using following steps

  • Communicate the OKR
  • Choose a tool used for OKR
  • Organize the Company's OKR
  • Set the company's OKR
  • Set every single OKR for teams, departments and Individuals
  • Make the changes in OKR if required
  • Approve the OKR
  • Evaluate the OKR at each period end.

So, the OKR cannot be implemented in a single step and it requires multiple steps.

Hence the given statement is false.

4 0
3 years ago
When commercial banks need more Federal Reserve Notes, Question 16 options: they call the Bureau of Engraving and Printing, whic
romanna [79]

Answer:

they call their Federal Reserve District Bank, which delivers the requested amount.

Explanation:

The Federal Reserve System (popularly referred to as the 'Fed') was created by the Federal Reserve Act, passed by the U.S Congress on the 23rd of December, 1913. The Fed began operations in 1914 and just like all central banks, the Federal Reserve is a United States government agency.

Generally, it comprises of twelve (12) Federal Reserve Bank regionally across the United States of America, which are commonly referred to as Federal Reserve District Bank.

The Fed provides banking services to all the commercial banks in the country because the Federal Reserve is the "lender of last resort."

Hence, when commercial banks such as the regular banks in societies need more Federal Reserve Notes, they call their Federal Reserve District Bank to deliver the requested amount to them.

Additionally, currency in circulation includes all of the US paper currency (dollar bill) that are available in the country while reserves refers to the minimum deposits being held for the U.S Treasury and depository financial institutions by the Fed.

5 0
3 years ago
The owner of Artisanal Chips etc. produces three flavors of artisanal corn chips marketed at new college graduates — pumpkin (P)
Soloha48 [4]

Answer:

Artisanal Chips

For the production combination of 100 bags of each flavor of chips, the three resources are not completely used are:

c. herbs, maize, and salt

Explanation:

a) Data and Calculations:

Ingredients  Ounces   Usage per Bag

                                     Pumpkin   Chipotle    Basement

Salt                1,000           2               6                  1.75

Maize           2,000           6               6                  3.5

Herbs            1,200           1.75           5                  1.5

                             Basement    Chipotle    Pumpkin

Profits for a bag      $0.40           $0.60     $0.50

Total ingredients required for 100 bags of each:

             Resources  Pumpkin   Chipotle Basement    Total     Unused

                                                                                     Usage  Resources

Salt           1,000           200           600        175           975        25 ounces

Maize      2,000           600           600       350        1,550      450 ounces

Herbs      1,200           175             500        150          825      375 ounces

6 0
3 years ago
QUESTION 3
Nastasia [14]

Answer:

Payment History

Explanation:

The credit score is highly dependable under the behavior of the payment history as creditors ultimate goal when using this grade is to assure that the money that is lend will be returned by the borrower.

7 0
3 years ago
In addition to the Small Business Job Protection Act of 1996 encouraging small businesses to allow employees to enroll into a 40
Elanso [62]

Answer:

100%

Explanation:

401(k) plans are financial provisions that guarantee financial security after retirement. Prior to the Small Business Job Protection Act of 1996, these provisions were bogus and difficult to understand/comply with by businesses. The Act simplifies the requirements and allows employees to enroll in the 401(k) plans where the annual contributions testing is bypassed. Employees vest 100% of their salary. This means that they cannot forfeit all the money contributed. After retirement, they can benefit from their deferrals and profits.

6 0
3 years ago
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