Answer:
Ans: $ 3900
The correct answer is :
Explanation:
Explanation:
1) For 2018 phaseout limit for AGI is $ 200,000
2) The credit phaseout by $ 50 for each $1000 of MAGI Over thereshold.
3) $ 211,200 - $ 200,000 = $11200
4) $11,200 ÷ $ 1000 = 11.2
= $ 12 (Round it off )
5) $ 12 × $ 50 = $ 600 phase out
6) Child Credit Per child is $ 2000.
7) ( 2 kids x 2,000 each ) - 600 = 3,400
8) 3,400 + 500 (1 kid 17 and over ) = 3,900
Answer:
False
Explanation:
Interest Bearing Account is an account which generates interest income over a specified period of time. Certificate of Deposit is an example for the interest bearing account. So, simply saying that An interest-bearing account is an account that generates interest income on the available balance in the account is wrong.
Answer:
B. $14,600
Explanation:
The annual cash inflows associated with the machine can be found by the following expression, where 'r' is the company's discount rate of 12% and 'n' is the useful life of the equipment of 18 years:
Annual cash inflows are $14,600.
Faith bought 6 apples at $.78 each. She paid $4.68 for the apples.
Given : $.78 price for each apple
$4.68 the amount Faith spent for the apples.
$4.68 / $.78 = 6
Net income serves as the beginning point for the indirect technique of preparing the operating activities section.
<h3>What does "net income" mean?</h3>
Net income is the amount of money left over after all costs, such as salaries and wages, the cost of commodities or raw materials, and taxes, have been paid. Net income is the amount that a person keeps after paying taxes, health insurance premiums, and retirement contributions.
<h3>How is net income demonstrated?</h3>
Operating income for the business was $23,000 after operating costs of $12,500. After deducting interest expense of $1,500 and adding interest income of $1,700, ABYZ arrived at a net income before taxes of $23,200.
<h3>What is net income post-tax?</h3>
A person's income after taxes and deductions is referred to as their net income.
learn more about net income here <u>brainly.com/question/15530787</u>
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