Answer:
$5,000
Explanation:
Although the limit for two qualifying children is the lesser of $6,000 or the actual expenses, the earned income limitation may apply. The amount of qualifying expenses can not exceed the earned income of the spouse with the lesser earned income, in this case, $5,000 .
Which is why the amount of the qualifying expenses for purposes of computing the child and dependent care credit is $5,000
A good financial plan does not include an insurance plan.
This statement it false. Insurance plans provide a person long-term benefits that are paid at present but can be used later in the future, especially for emergency purposes (e.g. health insurance).
If Randy would like to save his money for a vacation next year he must use an online banking account. This way he can easily track his transactions day-in and day-out to save up for his trip.
Answer:
total cash pay is $200850
Explanation:
given data
Bakery signed P = $195000
rate R = 6 %
time T = 6 month
to find out
cash amount will be needed to pay back with interest
solution
we find first interest for 6 month that is 6/12 year
so interest = P×R×T
interest = 195000×0.06×6/12
interest = $5850
so total amount pay = Principal + Interest
total amount pay =195000 + 5850
total cash pay = $200850
Answer:
$15,576 should appear as Cash and Cash Equivalents on the balance sheet
Explanation:
Cash and Cash Equivalents
= Cash in a checking account + Cash in saving account + High-grade government securities
= $5,000 + $7,000 + $3,576
= $15,576
Therefore, $15,576 should appear as Cash and Cash Equivalents on the balance sheet
Money demand refers to <span>how much wealth people want to hold in liquid form.
Liquid form, liquidity, is referring to spendability regarding money spending from a companies assets. When talking about money demand, this is the wealth a person or business has on hand during any given time and how you want to proceed with the money you have on hand.
</span>