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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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The bottled water industry has experienced ________ than the carbonated beverage industry.
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<span>Significantly more growth. Bottled water has been experiencing growth due to the fact that is is considered a significantly more healthy alternative to sugary sodas. Due to the obesity and diabetes epidemics in the USA, many individuals are cutting out sodas from their diets.</span>
6 0
3 years ago
A Japanese worker can produce 6 units of steel or 3 televisions per hour. A Korean worker can produce 8 units of steel or 2 tele
kifflom [539]

Answer:

2 and 4

Explanation:

Japanese worker can produce 6 units of steel or 3 televisions per hour.

Korean worker can produce 8 units of steel or 2 televisions per hour.

Opportunity cost is the cost of the lost alternative. So when the country decides to produce only televisions it has to give up on steel production. Thus, the units of steel forgone for each unit of television gained is an opportunity cost of a television.

Opportunity cost  = \frac{Units of Steel lost}{Units of Television gained}

Thus,

Opportunity cost of television for Japan = \frac{6}{3}  = 2

Opportunity cost of television for Korea = \frac{8}{2}  = 4

7 0
3 years ago
Provisions in the law that automatically increase government spending or decrease taxes when real output declines are called:
vekshin1

Answer: automatic stabilizers

Explanation:

Automatic stabilizers are the provisions in the law that automatically increase government spending or decrease taxes when real output declines.

It should be noted that automatic stabilizers can be used to reduce recession impact on people by helping them to survive even when there is a job loss.

7 0
3 years ago
Reese and Janelle own a boutique in the United States. Recently they took a trip to China and while there, the couple purchased
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Super market and check in making. Sense
8 0
3 years ago
What is the weighted average cost of capital if a business has a cost of equity of 11%, a yield on debt of 6%, a tax rate of 30%
Nadusha1986 [10]

Answer:

9.028 %

Explanation:

weighted average cost of capital = cost of equity x weight of equity + cost of debt x weight of debt

where,

cost of equity = 11 %

cost of debt (consider after tax) = 6% x (1 - 0.30) = 4.20 %

weight of equity = 250 million ÷ 350 million = 0.71

weight of debt = 100 million ÷ 350 million = 0.29

therefore,

weighted average cost of capital = 11 % x 0.71 + 4.20 % x 0.29

                                                       = 9.028 %

4 0
3 years ago
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