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Sonja [21]
4 years ago
14

Carolyn has an AGI of $38,000 (all from earned income), two qualifying children, and is filing as a head of household. What amou

nt of earned income credit is she entitled to?
A) $0B) $1,476C) $3,400D) $4,140E) $5,616
Business
1 answer:
lorasvet [3.4K]4 years ago
3 0

Answer:

The correct answer to the following question is option E) $5616 .

Explanation:

The (EIC) earned income credit is a type of credit which is very useful for those people who have low income, because this amount is refundable, even in the cases where the amount wasn't due for you. Any person whether he or she is single or married with or without children can be qualified for this credit. And in the given case Carolyn who is filling as a head of household , with two qualifying children and her Annual gross income is $38,000, therefore as per income and number of qualifying children she will receive $5616.

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If a surfboard is produced this year, but not sold until next year, how is it counted in this year's gdp and not next year's?
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The value of the goods produced is recorded for the the current year GDP. The year of production not the year of the sale is where the product being produced needs to be recorded within. If it is sold the following year, the sale will then be recorded in the year it is sold in.

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The budget constrain faced by the person is

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4 0
3 years ago
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