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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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Which type of wan connection is not shared with other users and has continuously available communications channels?
nignag [31]
The leased line is a type of WAN (Wide Area Network) connection is not shared with other users and has continuously available communications channels. Leased line is a dedicated private circuit or data line that interconnects  two or more sites. It is provided in exchange for a monthly fee or rent. It is <span>a kind of private telecommunication line with fixed bandwidth (rate).</span>
3 0
3 years ago
A company's income statement showed the following: net income, $134,000; depreciation expense, $30,000; and gain on sale of plan
worty [1.4K]

Answer:

E. $148,600

Explanation:

Cash flow from operating activities.

Net income. $134,000

Add: Depreciation. $30,000

Less: Gain on sale ($4,000)

Changes in working

Capital

Add: decrease in

Accounts receivable $9,400

Less: increase in

Merchandise inv. ($18,000)

Less: increase in

Prepaid expenses ($6,200)

Add: increase in

Accounts payable $3,400 ($14,600)

Net cash provided used by $148,600

Operating activities

4 0
3 years ago
Could I Industries just paid a dividend of $1.62 per share. The dividends are expected to grow at a rate of 20 percent for the n
nata0808 [166]

Answer:

Explanation:

Using the dividend growth model = Do(1+g)/Ke-g

Do=1.62$

G=4%

Ke=12%

Do(1+g)/Ke-g  =  2.0736(1+4%)/12%-4%

                      =   1.6848

/8%

                      =   53.916

                 Year Year Year Year Year  

                    0             1             2           3            4  

                          20%  20%  20% 20%  

Dividend             1        1.2      1.44  1.728 2.0736  

Ifninty dividend                                               55.91*  

Total Cashflows 1    1.2     1.44         1.728 55.98  

Pres.Val @12%    1     1.07142 1.14795  1.22995   35.583

     

Value of stock 40.030    

4 0
3 years ago
What is the foundation for the marketing plan?
malfutka [58]

Answer:

Market analysis

Explanation:

Market analysis is the foundation of the marketing plan. Every marketing plan should include a clear explanation of the market segmentation, target market focus, and a market forecast.

8 0
3 years ago
Manual Company sells goods to Nolan Company during 2017. It offers Nolan the following rebates based on total sales to Nolan. If
diamong [38]

Answer: See explanation

Explanation:

Based on the information given in the question, we should note that while using the gross method, the revenue gotten from sales will be calculated by subtracting the rebate of 2% from the full invoice amount of $110,000. This will be:

= $110,000 - (2% × $110,000)

= $110,000 - (0.02 × $110,000)

= $110,000 - $2200

= $107800

Using the net method, the revenue gotten from sales will be calculated by subtracting the rebate of 6% from the full invoice amount of $110,000. This will be:

= $110,000 - (6% × $110,000)

= $110,000 - (0.06 × $110,000)

= $110,000 - $6600

= $103400

5 0
2 years ago
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