Answer:
The correct answer is letter "D": Cindy can claim Mark as a dependent and she can file as head of household.
Explanation:
Dependents are people taxpayers entitles as such to claim exemptions in a tax return. Dependents can be "qualifying child" or "qualifying relative". In the case of qualifying relatives, the dependent must meet the <em>Dependent Taxpayer Test, Joint Return Test, Citizen or Resident Test, Member of Household or Relationship Test, Gross Income Test, </em>and <em>Support Test</em>. The dependent exemption for 2017 is $4,050. Thus, Mark can be considered as Cindy's dependent because they lived in the same household during the same year with nobody else even if he is not working and he is not disabled.
For taxing purposes, being head of household implies p<em>aying more than half of the housing expenses, not being married for the past year, </em>and<em> having a qualifying dependent</em>. Then, as Cindy provided all the support of her household, has not married recently, and has Mark as her dependent, she can be considered the head of the household.
It is C so uh yeah okay :)
Answer:
A dollar tomorrow is worth less than a dollar today, because if you invest the dollar you have today, you'll have more than a dollar tomorrow.
I did it on excel I’m going to show you what I have. If you can’t see it properly zoom in.
Answer:
($89,000)
Explanation:
The cash flow statement categories the company's transactions in a financial period into 3 groups; these are operating, investing and financing.
The net profit/loss, depreciation, changes in current assets (other than cash) and liabilities are considered as operating activities including income taxes.
The sale of assets, interest received, purchase of investments are examples of investing activities while the issuance of stocks, debt principal deduction (loan settlement), issuance of debt securities etc are examples of financing activities.
the net cash provided by (used in) financing activities on the statement of cash flows would be:
= -$30,000 - $59,000
= - $89,000
Others not involved in the computation are investing and operating activities