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Sonja [21]
3 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]3 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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5 0
3 years ago
Which of the following arguments about job analysis is most effective in order to gain the support of top managers? Group of ans
Dovator [93]

Answer:

The correct answer is letter "C": The process will help identify employee characteristics that will augment the firm's business strategy and increase the company's return on its staffing investment.

Explanation:

Job analysis is the study of the components needed to complete a job. Companies tend to use this approach to measure the investment necessary for units of production. Thus, in case an employee would like to convince top managers on reasons why to conduct a job analysis, the worker should focus informing the potential return the company could obtain in regards to the individual productivity of employees that could be increased if investing more in staffing.

7 0
3 years ago
A specific reduction in government spending will dampen demand-pull inflation by a greater amount the: 
A. Smaller is the econom
lina2011 [118]

Answer:

The correct answer is option C.

Explanation:

A reduction in spending is going to reduce the income of the consumers in the economy. The consumers do not spend all their income but save it partially. The saving is used to create funds which are invested again and lead to increase in output. The rate of consumption depends on the marginal propensity to consume and marginal propensity to save. The marginal propensity to save is 1-MPC. Smaller MPS will cause saving to be less, consequently investment will also be lower.

So, a reduction in the government spending will be more effective in curbing demand-pull inflation if the marginal propensity to consume is higher and marginal propensity to save is smaller.

5 0
3 years ago
Bank A offers to lend you money at 10 percent compounded monthly, Bank B at 11 percent compounded quarterly, and Bank C at 12 pe
ahrayia [7]

Answer and Explanation:

The computation is given below:

For Bank A,

Effective annual rate is

= (1 + 0.10 ÷ 12)^12 - 1

= 10.47%

For Bank B,

Effective annual rate is

= (1 + 0.11 ÷ 4)^4 - 1

= 11.46%

And,

For Bank C,

Effective annual rate = 12%

Therefore, Bank A is best to borrow at lowest effective annual rate

8 0
3 years ago
When the economy is at full​ employment, A. the unemployment rate is greater than zero. B. all remaining unemployment is either
Andrej [43]

Answer:

D. All of the above.

Explanation:

Full employment describes an economic situation where every able and willing worker is employed. It represents a situation where the highest possibles numbers of unskilled and skilled people are in employment. In practice, full employment is when the economy attains the optimal levels of unemployment.

At full employment, the unemployment rate will be above zero percent. The reason is that the economy will always have as frictional unemployment. Frictional unemployment is the time it takes for an individual to find their ideal job. Structural and frictional unemployment contribute about 2 to 3 percent of unemployment in the economy. Economists thus consider a 3  percent unemployment as full employment.

3 0
3 years ago
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