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aleksandrvk [35]
2 years ago
7

Camilo and Isa have three children all under the age of ten. The two youngest children, who are three and five years old, attend

ed El Cuento Pre-School for a total cost of $3,500. Juan, who is nine, attended Little House Daycare after school at a cost of $1,000. Isa has earned income of $12,000 and Camilo earns $24,000. What amount of childcare expenses should be used to determine the Child and Dependent Care Credit?a. $3,500 b. $4,500 c. $12,000 d. $36,000
Business
1 answer:
tangare [24]2 years ago
4 0

Answer:

The correct option is B

Explanation:

As per Child and Dependent care credit, the credit is taken for dependent or children only till the age of 13. In the present situation, all three children are less than 13 years of age. Therefore, all are eligible under the scheme.

And as per rules, the amount which can be claimed for 1 dependent is $3,500 and for two or more dependent, the amount is maximum to $7,000. So, the amount spent on the 2 youngest children is $3,500 whereas amount spent on the oldest children is $1,000. Therefore, the aggregate amount is $4,500 ($3,500 + $1,000), which can be used for determining the dependent and child care credit.

In the present case, Camilo and Isa having total income of $36,000 ($12,000 + $24,000), which is more than $4,500. So, the whole amount will be used for determining the Child and Dependent care credit.

Therefore, B option is Correct.

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1/4-2/3y=3/4-1/3 solve for y
Lelu [443]

1/4 - 2/3y = 3/4 - 1/3

-1/4                      -1/4

(3)-2/3y = (3/4 - 1/3 - 1/4)3

-2y = 1/2

/-2     /-2

y = -1/4


6 0
2 years ago
Pls help it’s due tomorrow!
maria [59]

Answer:

A. Contact Information for Refrences.

Explanation:

Hi there! To me it makes the most sense because it has nothing to do with a carrer plan. Sure, refrences are benefical but they do not determine what can help you grow and succed in the workforce.

I hope this helps! Good luck! :)

4 0
3 years ago
When Ruth was hired by Graham Services Inc. to head its customer service operations, she was told that her role involved supervi
Degger [83]

Answer:

<u>Management.</u>

Explanation:

The organizational management function corresponds to the set of functions related to the control, planning, coordination and application of principles at all organizational levels, using the best strategy of analysis of human and financial forces so that integrated form the set that will help the company to achieve organizational goals and objectives.

Being a leader is not an easy task, it takes experience and an attitude towards solving the needs and supervision of employees through an ethical and respectful posture, as well as having the tranquility to deal with different people, as well as the skills to integrate technical and social processes of the organization.

4 0
3 years ago
Quincy listed his assets and liabilities.
zheka24 [161]
Assets are items or properties that you own, and that are valuable to you. Liabilities are things that you have to pay for as a result of you using something. So, having that in mind, Quincy's liabilities are rent, student loan, and utilities, whereas his assets are cash, stocks, and jewelry.
He gets cash when he finishes his work, he gets money from stocks, and he has his jewelry that he either bought or got as a gift that he can sell for money.
3 0
3 years ago
Read 2 more answers
Burke Tires just paid a dividend of D0 = $2.25. Analysts expect the company's dividend to grow by 30% this year, by 10% in Year
andrew11 [14]

Answer:

c. $76.48

Explanation:

The value of the stock is the present value of future cash flows

First, calculate each year's dividend

First year dividend = D1 = D0 x ( 1 + first year growth rate ) = $2.25 x ( 1 + 30% ) = $2.925

Second year dividend = D2 = D1 x ( 1 + Second year growth rate ) = $2.925 x ( 1 + 10% ) = $3.2175

Second year dividend = D3 = D2 x ( 1 + Second year growth rate ) = $3.2175 x ( 1 + 5% ) = $3.378375

Now calculate the present value of each year's dividend

Present value of D1 = D1 / ( 1 + required return )^1 = $2.925 / ( 1 + 9.00% )^1 = $2.6834

Present value of D2 = D2 / ( 1 + required return )^2 = $3.2175 / ( 1 + 9.00% )^2 = $2.7081

Present value of D3 = [ D3 / ( Required return - Growth rate ) ] / ( 1 + required return )^2 = [ $3.378375 / ( 9.00% - 5.00% ) ] / ( 1 + 9.00% )^2 = $71.0878

Now take the sum of the present value of all the dividends to calculate the value of stock

Value of Stock = Sum of Present value of all dividend = Present value of D1 + Present value of D2 + Present value of D3 = $2.6834 + $2.7081 + $71.0878

Value of Stock = $76.4793

Value of Stock = $76.48

4 0
2 years ago
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