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
tresset_1 [31]
3 years ago
6

Durell and Earline are married, file a joint return, and their two children, ages 5 years and 6 months, qualify as dependents. A

lso, Earline's 18-year-old son from a previous marriage and not a full-time student, qualifies as a dependent. Durell and Earline's combined AGI is $68,000 Which children are "qualifying children" for the purposes of the child tax credit? Durell and Earline's child tax credit is____________.
Business
2 answers:
MrRissso [65]3 years ago
7 0

Answer:

Durell and Earlines child tax credit is  $2000

They cannot claim for Earline's son because his age is more than 17 years.

Explanation:

The child tax credit limit is 1000 for each dependant child.  

To qualify for the purposes of tax credit, a child means a child who is 17 years of age or less and who has stayed with the parents for more than 6 months. This also applies to a child who is born in that year and technically havent stayed with the parents for 6 months.

For a married couple filing a joint return the threshold limit for AGI is 110000

So, in the above problem Durell and Earline are married and their AGI Is 68000 which is well below the threshold limit.

Also, the two children eligble for tax credit are the two young ones

So, Durell and Eralines tax credit will be $1000 for each child that is $2000

Durell and Earlines child tax credit is  $2000

They cannot claim for Earline's son because his age is more than 17 years.

Delvig [45]3 years ago
5 0

Answer:

$2000

Explanation:

1000x2=2000 child tax credit

AGI is lower then 110,000 for joint filling.

You might be interested in
Rachel is going to the mall to purchase a wedding gift for a coworker. Based on research, which type of product is she likely to
Umnica [9.8K]

Answer:

utilitarian

Explanation:

Utilitarian Motivation is the zeal, drive to acquire products that can be used to get, acquire or accomplish another thing/something.Usually, Utility items are bought/purchased frequently more out of need and are a regular part of the consumer's life, and buyers are price sensitive.

Consumer behavior is the search for value of goods or services and its is the transformation into something of value.

Utilitarian: seeks to helps the consumer solve problems and accomplish tasks.utilitarian value is a means to and end.

Utilitarian products

Utilitarian products usually gives benefits like practicality and functionality as they are compatible with our rational system of thinking.

8 0
3 years ago
A technique to bring changes in the
son4ous [18]

Explanation:

A technique to bring changes in the

entire organization, rather man

focusing attention on individuals to

bring changes easily is Organizational development

8 0
3 years ago
If you say $4500 at an interest rate of 13% per year, how much will you have at the end of seven years
SashulF [63]

Explanation:

I think it might be 5455$

4 0
1 year ago
A purely domestic firm sources its products, sells its products, and raises its funds domestically
Yanka [14]

Answer:

The correct answer is option D.

Explanation:

A purely domestic firm can face competition from an MNC. An MNC has the advantage of more than one sources of inputs and more than one product market. But the domestic firm also possesses an advantage of having a thorough knowledge of the local market as they have operated there unlike MNCs.  

The domestic even though operating in the domestic territories may still face foreign exchange risk. This is because their competitors may be operating internationally.

3 0
3 years ago
What is the difference between patronizing your favorite store and patronizing your little brother?
Ugo [173]
Patronizing a store means helping it buy going there often, and basically buying things often and consequently giving it money.. 

Patronizing a little brother means behaving condescendingly towards, a kind of master-slave relationship... One should never do that... 


3 0
3 years ago
Read 2 more answers
Other questions:
  • What is required to have a legally valid contract?
    7·2 answers
  • Mike and Jane Lewis, a married couple filing a joint return, paid funeral expenses of $10,000 for their dependent child in the c
    15·1 answer
  • Which form of credit imposes a credit limit, is unsecured, is high in interest, and has a bank or financial institution as a len
    12·1 answer
  • JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts.
    5·1 answer
  • Barnett Corporation uses the weighted-average method in its process costing system. The
    13·1 answer
  • Read the following excerpt from a health record:
    8·1 answer
  • _______________ is the amount of money left over after paying all of the business expenses. (Select the best answer.) RevenueGro
    15·1 answer
  • Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $57,000, and the
    8·1 answer
  • Atlanta Manufacturing Company produces products A, B, C, and D through a joint process. The joint costs amount to $100,000. Prod
    8·1 answer
  • Chewy candy manufacturers are coming out with more true-to-fruit flavors, with some companies even fortifying their confections
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!