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
abruzzese [7]
3 years ago
14

Joe and Teresa are married and they both work outside the home. They have three children ages 18, 6 and 2. Also, Joe's 20 year o

ld niece is a full-time student who lived with them all year and is claimed as their dependent. Which of the following expenses that Joe and Teresa paid qualify for purposes of claiming the child and dependent care credit?a) Payments to their 18 year old daughter to care for her 2 year old sister.b) Payments made to Joe's mother who lives with them but does not qualify as their dependent.c) Payments to a private school for their 6 year old to attend first grade.d) Payments to Joe's niece.e) None of the above expenses qualify.
Business
1 answer:
shtirl [24]3 years ago
8 0

The correct answer is B: Payments made to Joe's mother who lives with them but does not qualify as their dependent.

Further Explanation:

The Child and Dependent Care Tax Credit can be used when filing taxes if all the requirements are met. In this case, Joe's mother will fit the requirement and they can use her services to qualify for the credit. According to the IRS website, they can not use a dependant or a child of their own, not a dependant,  under the age of 19 to get this credit. However, they can use someone in the home as long as they are not listed as a dependant on the tax form.

To get the Child and Dependent Care Tax Credit the family must meet several requirements such as;

  • Paying someone to watch the qualifying child
  • The care provider is not a dependent
  • Child care was paid for so the parents could work, go to school, or was disabled.

Learn more about the Child Tax Credit at  brainly.com/question/12845462

#LearnwithBrainly

You might be interested in
What is your view of abortion?
zzz [600]

Answer:

that it is wrong.

Explanation:

Murder has been the worst crime for as long and anyone can remember.  To put it in other words, shortening someone's life.  Something worst that shortening someone's life, is preventing it at all.  You can believe that a living person isn't alive till they're out of the body, but from my "veiw" they are.

4 0
3 years ago
For what reason may an employer legally NOT hire an applicant?
Andru [333]

<u>Answer:</u> Option C

<u>Explanation:</u>

The applicant might not possess the skills required to do the job or he may not be able to meet the number of working hours required by the company. In this case the employer is not under pressure to recruit that employee. Employer cannot reject any applicant for the reason of applicant's disability, age as 55 years or based on the nationality.

Labor standard act needs to be meet by the employer to hire legally or the employer will have to face the legal consequences.

4 0
3 years ago
Read 2 more answers
During the period, Sanchez Company sold some excess equipment at a loss. The following information was collected from the compan
juin [17]

Answer:

1) For the equipment that was sold, determine its original cost, its accumulated depreciation, and the cash received from the sale.

  • original cost = $9,800
  • accumulated depreciation = $1,020
  • cash received = $5,980

2) Sanchez Company uses the indirect method for the Operating Activities section of the cash flow statement. What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Operating Activities?

  • the loss on sale of equipment ($2,800) should be added to the cash flows from operating activities.

3) What amount related to the sale would be added or subtracted in the computation of Net Cash Flows from Investing Activities?

  • the cash received ($5,980) should be added to the cash flow from investing activities

Explanation:

equipment cost = beginning equipment - ending equipment = $20,000 - $10,200 = $9,800

equipment's accumulated depreciation = beginning accumulated depreciation + depreciation expense - ending depreciation = $1,950 + $860 - $1,790 = $1,020

book value = $9,800 - $1,020 = $8,780

cash received = book value - loss = $8,780 - $2,800 = $5,980

3 0
3 years ago
________ are special incentives or excitement-building programs that encourage consumers to purchase a particular product, often
Ahat [919]

Answer: Sales promotion

Explanation: Sales promotion are special sales program used to draw customers to a particular product by applying price cuts for a particular period. Sales promotion are used simultaneously with adverts to pull customers to their product.

6 0
3 years ago
Reuse of large amounts of copyrighted film in a documentary would not constitute a copyright infringement.
KATRIN_1 [288]

Answer:

B. False

Explanation:

I majored in Business

3 0
2 years ago
Other questions:
  • Diplomats typically work overseas. true or false
    5·2 answers
  • Creative Sound Systems sold investments, land, and its own common stock for $33.0 million, $14.7 million, and $39.4 million, res
    10·1 answer
  • Perfect summer weather increases farm output by 30%. in the short run, this can be expected to __________ the price level and __
    12·1 answer
  • The smaller the required reserve ratio the larger the simple deposit multiplier. Do you agree or disagree with this statement. E
    13·1 answer
  • Cell phone companies found that when they raised the price of connecting to wireless hot spots, demand decreased more than propo
    9·2 answers
  • Loren Company recently purchased materials from a new supplier at a very attractive price. The materials were found to be of poo
    6·1 answer
  • ack purchased 200 shares of Apple stock earlier this month at the price of $210 per share. Apple stock is trading at $218 today
    5·1 answer
  • When the economy is growing and people are optimistic, the economy is in a period of
    7·1 answer
  • What the Business ethics<br> About USA
    9·1 answer
  • GDP is composed of four components. Which of the following is NOT a component of GDP
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!