A count of supplies indicated that $104 of supplies had been used.

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is

Nataliya [291]

Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17

<h3>What is Child Tax Credit?</h3>

Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.

The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).

To learn more about Child Tax Credit from the given link:

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8 0

1 year ago

You want to start your own consulting business and believe it could produce cash flows of $5,600, $48,200, and $125,000 at the e

Inessa05 [86]

Answer:

This business idea worth $430,127 today

Explanation:

Today value of the future cash flows can be calculated by discounting the cash flows on the given discount rate. It is called the present value and sum of present value of all cash flows is called Net present value.

We use following format to calculate NPV for the given business idea

Years 1 2 3

Cash Flows $5,600 $48,200 $125,000

Sale Proceeds $450,000

Net Cash Flows $5,600 $48,200 $575,000

Discount Factor 14% 0.8772 0.7695 0.6750

Present values $4,912.32 $37,089.9 $388,125

Net present value of business idea = $4,912.32 + $37,089.9 + $388,125

NPV = 430,127.22

3 0

3 years ago

Pension plan assets were $200 million at the beginning of the year. The return on plan assets was 5%. At the end of the year, re

Nata [24]

Answer:

Pension plan assets at the year end will be $214

Explanation:

Wee have given pension plan assets = $200 million

Return on plan assets = 5%

So return will be equal to = $200×0.05 = $10 million

Cash contribution is given $12 million

Retiree benefits is $8 million

We have to find the amount of pension plan assets at the year end

Pension plan assets is equal to = Plan assets at beginning of the year + actual return - retiree benefits = $200 + $10 +$12 - $8 = $214

So pension plan assets at the year end will be $214

7 0

3 years ago

Sonja is writing an essay about becoming a preschool teacher. Complete it by correctly filling in the missing information.

stepladder [879]

Answer:

Out of all the career choices in the <em>Human Services</em> career cluster;

I’ll need to complete high school and get an <em>associate's degree (or bachelor's)</em>

Explanation:

The occupation of a preschool teacher is in the <em>Human Services career cluster</em>. This cluster includes children education, social and community occupations and counseling.

In order to be eligible for the preschool teacher job, Sonja needs to obtain an <em>associate's or bachelor degree</em> from an academic institution that prepares candidates well enough to become licensed preschool teachers.

7 0

3 years ago

Read 2 more answers

If an individual orders an alcoholic beverage in a private club, what is the first question the server should ask?

Free_Kalibri [48]

Answer

He should ask him/her whether is a member and ask for a membership card.

Explanation

Membership cards are small cards that are used by or within a certain organisation for the purpose of verifying whether a person is a valid member of that organisation or club or whichever type of a group it is . For one to have a membership card you have to pay a certain amount of money as a membership fee to that organisation. The fee might be annually regarding to the terms of that organisation.

3 0

3 years ago

Read 2 more answers