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disa [49]
3 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]3 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.

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cannibalization

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6. Norris Enterprises, an all-equity firm, has a beta of 2.0. The chief financial officer is evaluating a project with an expect
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D: The accept/reject decision depends on the firm's risk-adjustment policy. If Norris' policy is to increase the required return on a riskier-than average project to 3% over rs, then it should reject the project

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Please refer the complete question:

Which of the following statements is correct?

a. The project should definitely be accepted because its expected return (before any risk adjustments) is greater than its required return.

b. The project should definitely be rejected because its expected return (before risk adjustment) is less than its required return.

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7 0
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Gannon Company had the following information at December 31: Finished goods inventory, January 1$50,000 Finished goods inventory
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Answer:

 = $ 650,000.

Explanation:

<em>Gross profit </em><em>is the profit made after subtracting the cost of the goods were sold (cost of inputs) to generate the revenue.</em>

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                 = $ 650,000.

5 0
3 years ago
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