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
kramer
3 years ago
10

Charlotte is the Lucas family's 22-year-old daughter. She is a full-time student at an out-of-state university but plans to retu

rn home when the school year ends. During the year, Charlotte earned $4,000 of income working part time. Her support totaled $30,000 for the year. Of this amount, Charlotte paid $7,000 with her own funds, her parents paid $14,000, and Charlotte's grandparents paid $9,000. Which of the following statements most accurately describes whether Charlotte's parents can claim Charlotte as a dependent?
Business
1 answer:
ehidna [41]3 years ago
3 0

Answer:

Charlotte is a qualifying child (QC)

Explanation:

The six IRS requirements are: for determining a qualifying child are:

  1. Relationship: Charlotte is the Lucas's daughter.
  2. Age: since she is a full time student, she can be up to 24 and still qualify (she is only 22).
  3. Residence: the time spent studying counts as living with her parents.
  4. Support: Charlotte is not able to pay for at least half of her expenses.
  5. Joint return: Charlotte is not filing any joint return.  
  6. Citizenship: apparently Charlotte is American or at least legal alien.
You might be interested in
Thrift rents a compact car for $33 per day, and General rents a similar car for $20 per day plus an initial fee of $65. For how
Lyrx [107]

Answer:

The Correct answer would be, When Days will be greater than 5

Explanation:

There are two companies who give cars on rent.

Thrift rents a car for $33 per day

i-e

T=$33D

General rents the car for $20

i-e

G=$20D

and general charges an initial fee of $65

So  

G=$20 + $65

So according to question, for how many days it would be cheaper to rent from General.

So when charges by general are less than charges by thrift, as shown below:

65+20D < 33D

65 < 33D-20D

65 < 13D

D > 5

So the answer would be 5 Days.

7 0
3 years ago
What is the 2016 repayment limitation for a single taxpayer who has income at a 350% poverty level?
GarryVolchara [31]
I'm assuming single means non-married, in that case your max repayment would be $1,250


6 0
3 years ago
Credits are used to record:___________
muminat

Answer:

The correct answer is letter "B": decreases to assets and expenses and increases to liabilities, revenues, and stockholders' equity.

Explanation:

When it comes to accounting book-keeping, a credit is an entry that increases <em>liabilities </em>(amounts owed to third parties) and <em>equities </em>(assets minus liabilities) in their corresponding accounts or decreases <em>assets </em>(resources owned by the company) and <em>expenses </em>(costs of the business operations) accounts.

4 0
3 years ago
The Beef Council promoted a series of ads in which the tagline was "Beef—it's what's for dinner." The purpose of these ads was t
nikdorinn [45]

Answer: Competitive institutional advertisement

Explanation:

 The competitive institutional advertisement are basically used for promoting the various types of institutional related advertisement in the market.

This type of advertisement basically used for promoting the various types of institution, corporations and the organization.

The main purpose of the advertisement is to awareness the audience regarding the new products and business in the market and it also helps to encourage and attract the audience.

 Therefore, Competitive institutional advertisement is the correct answer.

8 0
3 years ago
A situation in which the quantity of bonds supplied exceeds the quantity of bonds demanded is called a condition of excess suppl
FinnZ [79.3K]

Answer: Option (C)

Explanation:

Excess supply is referred to as or known as the market condition under which the quantity supplied tends to greater than demand for a product, commodity or a service at the current market price. It mostly tends to occur at the price which is greater than equilibrium price level. The price tends to be greater than that of equilibrium price therefore sellers would moreover sense this situation as an opportunity in order to earn the greater profits and thus would pump in supply.

8 0
3 years ago
Other questions:
  • Stocks A and B have the following data. Assuming the stock market is efficient and the stocks are in equilibrium, which of the f
    6·1 answer
  • Gi Gi's Bakery has total assets of $425 million. Its total liabilities are $110 million. Its equity is $315 million. Calculate t
    14·1 answer
  • The cost performance index (CPI): a. can be used to estimate the projected cost of completing the project. b. indicates that the
    5·1 answer
  • .If the economy is normal, Charleston Freight stock is expected to return 16.5 percent. If the economy falls into a recession, t
    14·1 answer
  • This software application can be used to organize, analyze, and illustrate data.
    14·1 answer
  • Livingston Co. uses process costing to account for the production of elastic bands. Direct materials are added at the beginning
    11·1 answer
  • Admitting New Partner With Bonus Cody Jenkins and Lacey Tanner formed a partnership to provide landscaping services. Jenkins and
    15·1 answer
  • You have decided to buy a used car. The dealer has offered you two options: (FV of $1, PV of $1, FVA of $1, and PVA of $1) (Use
    7·1 answer
  • Sub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free brainlyistSub to thunderofight12 to get free bra
    6·2 answers
  • The following data pertain to an investment proposal (Ignore income taxes.):
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!