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Reil [10]
3 years ago
11

Paul and Karen Kent are married, and both are employed (Paul earned $44,000 and Karen earned $9,000 this year). Paul and Karen h

ave two dependent children, Samuel and Joy, both under the age of 13. Paul and Karen pay $3,800 ($1,900 for each child) to Sunnyside D Care Center (422 Sycamore Road, Ft. Worth, TX 76028; Employer Identification Number 11-2345678), to care for their children
Assuming that Paul and Karen file a joint return, their tax credit for child and dependent care expenses for the year is ________.
Business
1 answer:
VashaNatasha [74]3 years ago
8 0

Answer:

$760

Explanation:

The tax credit for child and dependent care expenses allows working taxpayers to discount up to 35% of care expenses. The exact percentage that you are allowed to deduct depends on your income:

  • if you earn up to $15,000, you can discount 35% of dependent care expenses of up to $3,000 per child.
  • the percentage decreases for every $2,000 of income (1% decrease per every $2,000), until your income reaches $43,000 where it remains at 20%.

The Kent's earned $53,000 during the year, so they can claim up to 20% of their children's care expenses = $3,800 x 20% = $760

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Shtirlitz [24]

Yes According to the Mid Point Method The degree to which customers are receptive to price changes is gauged by their price elasticity of demand.

<u>WORKING OF MID POINT METHOD</u>

Demand is considered to be elastic if consumer behaviour changes significantly in reaction to a minor change in price, as opposed to inelastic if customers alter their purchasing behaviour very little in response to a large change in price.

  • The percentage change in quantity subtracted from the percentage change in price represents the price elasticity of demand. The following formula may be used to calculate the percentage change in the number of oranges requested in this area using the midpoint method:

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4 0
1 year ago
The United Kingdom currently has a trade deficit with New Zealand. If the U.K. pound sterling appreciates relative to the New Ze
monitta

The correct answer to the given question is that the trade deficit would increase since with the appreciating pound means <em>more goods will be imported</em> from New Zealand.

Based on the given question, we are asked to show the effects of the trade deficit between New Zealand and UK based on the appreciation of the pound sterling relative to the New Zealand dollar.

With this in mind, we are aware that when there is a strong domestic currency, then it would encourage more imports and hamper exports, therefore, the trade deficit will increase, since an appreciating pound means more goods will be imported from New Zealand.

Therefore, the correct answer is option D

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4 0
2 years ago
Mike, an advocate of a certain religion, publishes an article in New Times magazine insisting that Congress base all federal law
egoroff_w [7]

Answer:

<u>Press, Speech & Religion </u>

Explanation:

As per The First Amendment, the Congress had been prohibited to make any such laws which restrict an individual's freedom of speech, curtail the freedom of press or those which in any form promote or curb any religion.

In the given case, Mike, an advocate, supports a certain religion and went on to publish an article in a magazine, expressing his views and insisting upon Congress to base Federal Laws as per the principles of his religion.

The First amendment guarantees Mike, the freedom of speech i.e expression, freedom to practice the religion of his choice and the freedom of press i.e the freedom to publish an article expressing his views in a magazine.

5 0
3 years ago
ken works for a company that has many different departments and there are vice presidents who oversee each department brainly
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Ken operates for a company that has many distinct departments, and there are vice presidents who oversee each department.  Ken's company Decentralized is the type of association.

Decentralized

In the business world, the decentralization of movements consists of the separation into units in which each of these departments has a responsible and independent boss. This is the Oporto of centralization, which consists of the control of all actions by a single leader. Decentralization is a common technique that seeks to give more efficiency and control to the actions of a company.

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8 0
1 year ago
As a general rule, a product ________ strategy seems to work best when the consumer target market for the product is alike acros
vodomira [7]

Answer:

The correct answer is letter "B": product extension.

Explanation:

In International Business, product extension refers to the approach by which a  firm introduces its product or service across borders without shaping the product according to the profile of each consumer in each region. Product extension is implemented to expand the business operations of a firm in an attempt of finding new consumers in new markets, thus, generating more profit.

<em>Product extension is likely to work only if customers' preferences and necessities are the same in different countries.</em>

7 0
3 years ago
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