1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
finlep [7]
3 years ago
7

In 2015 through 2018, Shana borrowed a total of $30,000 for higher education expenses on qualified education loans. In 2019, whi

le still living at home and being claimed by her parents as a dependent, she began making payments on the loan. The first year interest on the loan was reported as $1,750. The amount that Shana can claim on her tax return is _______.
Business
1 answer:
MissTica3 years ago
5 0

Answer:

$0

Explanation:

A student who lives in his parents’ home and being claimed as a dependent by his parent cannot claim any return on tax return for an amount borrowed for higher education expenses or for an interest paid on such loan. This is because, the parents have already claimed as a dependent to reduce their taxable income.

Therefore, Shana will claim $0 because he still lives at home and being claimed by his parents as a dependent to reduce their taxable income.

You might be interested in
Which kind of union involves workers of a particular trade or occupation?
Irina18 [472]

The answer is D. Trade Union

7 0
3 years ago
Read 2 more answers
Maggie's manager notices that she exhibits an external locus of control when she speaks about her work. Her manager should Group
Lubov Fominskaja [6]

Answer:

b.assign Maggie to a highly structured job requiring greater compliance

Explanation:

People who exhibit an external locus of control believe that life successes and failures are as a result of external factors such as bias, fate, injustice, luck and circumstances.

Maggie’s manager noticed this trait in her and assigning Maggie to a highly structured job requiring greater compliance will make it possible for her to be more exposed and reduce her from attributing her effort to be based on mere luck.

7 0
3 years ago
When projecting future cash flows of an investment​ ________. A. the initial investment is a significant cash outflow that is tr
Artemon [7]
A. The initial investment is a significant cash outflow that is treated separately from all other cash flows
4 0
3 years ago
Why is efficiency and innovation important to a society
Mrrafil [7]

Efficiency and innovation is important to a society because they are key components to bringing income into their economy and creating jobs for those within it. Being efficient means to use your resources wisely and get through work at a good pace. Being efficient doens't mean you need to rush through anything, just use your time and resources as best as you can. Innovation is important because it creates new ideas for consumers and producers to make and sell within an economy. When a new invention comes about, that gives opportunities for growth and expansion of a company or a new or old.

8 0
2 years ago
If consumer income increases by $100 million in the united states and the mpc is .6, by how much will consumption increase?
Sonja [21]
<span>The marginal propensity to consume (MPC) is a measure of the proportion of extra income that will be spent on consumption. If an individual receives an extra $100 and spends $60 on consumption then the person’s MPC is 0.60. If consumer income in the United States increases by $100 million and the MPC is 0.60 consumption in the US will increase by $60 million.</span>
3 0
3 years ago
Other questions:
  • Indicate whether each of the following transactions represents an increase in net exports, a decrease in net exports, an increas
    12·1 answer
  • The news headline ​" animations cut movie budgets animations cut movie budgets​" deals with the​ ______​ question(s) of economic
    13·1 answer
  • What is the sky i mean you look at it every day what is it made out of?
    11·1 answer
  • Which type of markup takes your company's total costs into account?
    13·2 answers
  • Bill makes $100,000 and must pay 6% income taxes. Bob, on the other hand, makes $40,000 and must pay 2% income taxes. Bill and B
    6·2 answers
  • Frito Lay is owned by Pepsi and has a variety of billion dollar brands such as Doritos, Cheetos, Lays, and Ruffles. These famous
    12·1 answer
  • Burberry's competitive advantage is through its differentiation strategy. What risk should Burberry remain aware of?
    11·1 answer
  • Imagine you live in a society with progressive taxation. Your friend makes half of your salary and pays 20 percent in income tax
    7·2 answers
  • Unloading the dishwasher is an example of a _____.
    8·1 answer
  • What are some benefits of using computers for accounting purposes?.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!