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
Vaselesa [24]
3 years ago
13

Frank age 63 is single and provided all of the support for his daughter Anna age 24 and her son Marvin age 6. Neither Anna nor M

arvin lived with Frank at any time during the year. Anna was a full time student for 6 months of the year. She earned $8000 in wages and had no other income. Anna will file a return to get EIC. Can Frank claim Marvin as a dependent?
Business
1 answer:
allsm [11]3 years ago
3 0

Frank cannot claim Anna or Marvin as a dependent.

Explanation:

Because Frank gives Anna and Marvin every support, support tests are straightforward.

Anna earns revenue in excess of $4200 and can not therefore be requested as dependent. In fact, Marvin does not stay with Frank and can not therefore be stated as dependent.

The income tax credit, EITC or EIC is a bonus to low- and moderate-income employers. To apply, you must fulfill certain criteria and file a tax report, even if you are not obliged to pay a bill. The level of tax you pay is lowered by the EITC and a refund is probable.

You might be interested in
An investment counselor calls with a hot stock tip. He believes that if the economy remains​ strong, the investment will result
liubo4ka [24]

Answer:

$6,000

Explanation:

The computation of the expected profit from this investment is shown below:

= Strong profit × Strong percentage + Moderate profit × moderate percentage - recession losses × recession percentage

= $60,000 × 20% + $10,000 × 60% - $60,000 × 20%

= $12,000 + $6,000 - $12,000

= $6,000

By adding the three situations we can get the expected profit from this investment

3 0
3 years ago
A manager invests $400,000 in a technology that should reduce the overall costs of production. The company managed to reduce the
Ainat [17]

Answer:

a. Considered sunk costs, not relevant in further decision making

Explanation:

the missing options are:

  • a. Considered sunk costs, not relevant in further decision making
  • b. Considered sunk costs, but still relevant in further decision making
  • c. Considered a loss
  • d. Considered a profit

After the investment in new technology has been made, it will be considered a sunk cost, because they are no longer relevant or important when considering or evaluating future investments and projects. Sunk costs are expenses that have already been made and incurred, and cannot be recouped.

5 0
3 years ago
I'm bored who wants to talk for a bit? About school or whatever
mariarad [96]

Answer:

sure

Explanation:

sure bro xd whats up

7 0
3 years ago
Read 2 more answers
The ABC Company is planning a new product line and will build a new plant to manufacture the parts for a new product line. The p
NikAS [45]

Answer:

a. Number of production operations = 120,000,000 per year.

b. Number of Workers = 1,000 workers.

C. Size = 250,000 ft²

Explanation:

a

Number of production operations is calculated as;

50 models * 1000 units * 400 components * 6 steps

Number of production operations = 120,000,000 per year.

b.

Number of workers is calculated as;

Total operation time ÷ factory operating hours per year;

Factory Operating Hours = 2000.

Calculating total operation time;

= 120,000,000 * 1hr/60min

= 2,000,000 hr/yr

So. Number of workers = 2,000,000 ÷ 2,000

Number of Workers = 1,000 workers.

c. Size of floorspace

Size = Number of workstations * floorspace

Number of workstations = number of workers = 1000

Floorspace = 250ft²

Size = 1000 * 250

Size = 250,000 ft²

3 0
3 years ago
Workers who are not good team members might cause ______. A. Increased quality b. Reduced management c. Increased self-esteem d.
adoni [48]

From the given choices for the question, the best answer would be (C) reduced productivity.

When there is a worker who isn’t a good team member in a group, the productivity of the entire group would be decreased. For example, if the worker doesn’t contribute his or her share of work, that would impact the group’s work tempo in completing the assigned goal.

7 0
3 years ago
Read 2 more answers
Other questions:
  • Starbucks has been in business for over 40 years and for most of that period has been quite successful. They have a portfolio of
    12·1 answer
  • On December 31, 2020, Grand Company had $1,232,000 of short-term debt in the form of notes payable due February 2, 2021. On Janu
    13·1 answer
  • Which advertising technique involves the giving of an additional item at no extra cost? ​
    11·1 answer
  • The outstanding bonds of Winter Time Products provide a real rate of return of 3.00 percent. The current rate of inflation is 2.
    7·1 answer
  • Dan has been directed to study the forces close to a company that affect its ability to serve its customers, such as the company
    10·1 answer
  • What everyday example can you find that is similar to the initial process of obtaining stock borrow when trying to short sell an
    10·1 answer
  • Sandia Corporation manufactures metal toolboxes. It adds all materials at the beginning of the manufacturing process. The compan
    15·1 answer
  • A change in tastes or fashions can impact..
    14·1 answer
  • I................................
    10·1 answer
  • True or false: stakeholders are individuals or companies that legally own a portion of the company and are not influenced by the
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!