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
disa [49]
2 years ago
7

Jennifer Searcy, a single mother, has three dependent children. As of December 31, 2018, their ages were as follows: Sydney (7),

Patrick (11), and JoAnna (17). Jennifer's 2018 AGI is $62,000, and her tax liability is $3,384. All requirements are met. The amount of Jennifer's Child Tax Credit is __________. $0 $2,000 $3,384 $4,000
Business
1 answer:
Eddi Din [679]2 years ago
4 0

Answer:

Child Tax Credit is given to taxpayers for each qualifying dependent child who is below 17 years old at the end of the tax year. The Child Tax Credit amount is $2000 per qualifying dependent. So here, Jennifer has two qualifying dependent child Sydney and Patrick who are under 17 before the end of the tax year. JoAnna does not qualifies for Child Tax Credit as her age is above 17 years for the tax year. So the total Child Tax Credit amount to Jennifer is $4000.

Option 4 is correct.

You might be interested in
Consider a U.S. importer desiring to purchase merchandise from a Dutch exporter invoiced in euros, at a cost of €512,100. The U.
Anestetic [448]

Answer:

The importer accepts this price, so his bank will debit the importer's account in the amount of $500,000.

A. debit, $500,000

Explanation:

Bank debit is a bookkeeping term for realization of the reduction of deposits held by bank customers. A bank debit occurs when a bank customer uses the funds in their account, therefore reducing their account balance.

Euros 512100  

   

dólar 1 1,0242 euros

         x 512100  euros

   

x= 500.000  

7 0
3 years ago
Given the following changes what is the net effect on cash? (1) Accounts Receivables increases by $150; Inventory decreases by $
Karolina [17]

Answer:

Net Cash Increase of $115

Explanation:

Receivable Increases by $150 means a cash outflow in receivable by $150 because Increase in Receivable indicates that there are more sale on credit is made than cash received from the customers. So, the outflow in the receivable section is more than the inflow.

Inventory Decreases by $95 means the inventory sold during the period is more than purchases / manufactured. It result in cash inflow as cash is not being held in the form of inventory.

Accounts Payable increases by $225 means that company is making less payment to its suppliers, so that its balance has been increase. Company made more purchases than payment made to suppliers. Net cash Inflow is observed from this.

Common dividend payment of $55 means a direct cash outflow because actual cash has been paid during the year.

Net Effect on Cash = Cash inflows - Cash outflows

Net Effect on Cash = ( Inventory decrease + Accounts Payable increase ) - ( Accounts Receivables increase + Common dividend payment )

Net Effect on Cash = ( $95 + $225 ) - ( $150 + 55 )

Net Effect on Cash = $320 - $205

Net Effect on Cash = $115

Net Cash Increase of $115

6 0
2 years ago
A project manager can identify the skills needed for the project from the:
Katarina [22]

Answer:

D - work breakdown structure

Explanation:

A detailed work breakdown structure should entail the job description, specific skills required, work experience recommended as well as the number of people required to carry out the task, should it require more than one. the project manager should then be able to identify the skills needed that he/she would have to go out and seek internally or from the public. Departmental personnel listings may not necessarily relate to the project and a budget will not state who does what, only the finances set aside for the project and its deliverables. A stakeholder meeting usually is for the end user stating what he/she expects the end product to be like. the project manager may be able to pick up a few skills requirements from that but that would only be surface level information. A detailed work breakdown structure will give him/her what is needed to plan, begin, continue and end the project efficiently.

7 0
2 years ago
What are the current asset financing strategies that firms adopt? Suppose a firm wants to take advantage of an upward-sloping yi
Vladimir [108]

Answer:

UNTUU HULLUM

Overfishing occurs when more fish are removed from an ecosystem than can be maintained by the population,

Overfishing can lead to significant population declines in economically important species. The passage describes

additional impacts of overfishing on populations.

pressure affects

salmon fishery of

and 1970s, pink

n this fishery were

ihile allowing

nd 1974, the

inland spawning

approximately

to spawn at the

Isted that fishing

lower growth rates

According to the passage, which mechanism explains the observed changes in fish size over time?

A. Smaller fish produce fewer eggs than larger fish do, so they contribute fewer offspring to the next

generation.

B. Fish that are small enough to escape fishing nets are more likely to survive than larger fish.

C. Scientists found that Atlantic silversides exhibited changes in feeding and foraging rates after four

generations of selection,

D. The average size of pink salmon returning to spawn decreased from 6.0 pounds to approximately 4.5

pounds.

8 0
3 years ago
Some financial experts recommend people create their personal budgets as follows: 50% on
AURORKA [14]

Answer: 592.614

Explanation:

She should spend 592.614 on wants because 592.614 is 30% of 1975.38

8 0
3 years ago
Other questions:
  • Last year, Reggie, a Los Angeles, California resident, began selling autographed footballs through Trojan Victory (TV), Incorpor
    6·1 answer
  • Shankar Company uses a perpetual system to record inventory transactions. The company purchases 1,500 units of inventory on acco
    15·1 answer
  • Wiskurv Inc. is a large electronics supplier that does not rely exclusively on traditional financial measures for organizational
    13·1 answer
  • Kenzi Kayaking, a manufacturer of kayaks, began operations this year. During this first year, the company produced 1,075 kayaks
    10·1 answer
  • DrexlerDrexler had no stock transactions in 20182018​, so the change in​ stockholders' equity for 20182018 was due to net income
    11·1 answer
  • Which one of the following statements is correct? Multiple Choice Stocks can only be assigned one dividend growth rate. Preferre
    13·1 answer
  • In an interview, a tough question _____. A. May show the interviewer how you think under pressure b. May be designed to rattle y
    9·2 answers
  • Osage Corporation issued 3,350 shares of stock. Prepare the entry for the issuance under the following assumptions. (Credit acco
    13·1 answer
  • The following relates to a proposed equipment purchase: Cost $ 157,000 Salvage value $ 5,000 Estimated useful life 4 years Annua
    12·1 answer
  • Q 14.6: Morris Enterprises has 5,000 shares of 5.5%, $100 par value cumulative preferred stock and 100,000 shares of $10 par val
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!