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Ganezh [65]
3 years ago
11

A 17 year old child has $1,000 of adjusted gross unearned income for 2017 and no earned income. The marginal tax rate of the chi

ld's parents is 28%. What is the child's tax liability?
A) $0 B) $85 C) $238 D) $950
Business
1 answer:
borishaifa [10]3 years ago
8 0

Answer:

A) $0

Explanation:

Provided information

Adjusted gross unearned income = $1,000

Marginal tax rate = 28%

By considering the above information, we can find out the child's tax liability

In the 2017 year, the credit for per child is up to $1,000 so there is no tax levied in the year 2017 as it is within the prescribed limit

Hence, child tax liability would be zero.

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Alpha Trendz, a clothing and apparel manufacturer, carefully studies information available on the Internet.It also checks comput
zheka24 [161]

Answer: (C) Planning

Explanation:

The planning stage is basically refers to the process in which the various planning and activities are held for achieving the desired result in an organization.

The main benefits of the planning is that it makes the work more efficient and systematic so we can easily develop various types of plans according to the specific process.

 According to the question, the company is in the planning stage of the sales process where the we can easily get information about the products and the services provided by the company over the internet.

 Therefore, Option (C) is correct.  

8 0
3 years ago
The _ leader is never able to completely turn loose of the decision making authority of the management position.
zvonat [6]

It should be noted that Consultative leader is never able to completely turn loose of the decision making authority of the management position.

<h3>What is Consultative leadership?</h3>

Consultative leadership can be regarded as a leadership style which focus on team building as well as making skills of others in making decisions.

Therefore, with Consultative leadership, decision can be made.

Learn more about Consultative leadership at;

brainly.com/question/25927714

3 0
2 years ago
On January 1, the Kings Corporation issued 10% bonds with a face value of $98,000. The bonds are sold for $96,040. The bonds pay
Olenka [21]

Answer:

$9,996

Explanation:

The bond is issued on discount when the issuance price is lower than the face value of the bond. The discount on the bond will be expensed over the bond period until maturity.

Discount on Bond = Face value - Issuance value = $98,000 - $96,040 = $1,960

Interest Expense includes the interest payment and the discount amortization.

Discount amortization = Discount value / Life of the bond = $1,960 / 10 = 196 per year = $98 semiannually

Interest Payment = $98,000 x 10% = $9,800 annually = $4,900 semiannually

Interest Expense = ( 4,900 + 98 ) x 2 = $9,996

4 0
3 years ago
Read 2 more answers
An owner of a local salon realized that by decreasing the prices that she charges for haircuts, her revenue has increased. This
STALIN [3.7K]

Answer:

The correct answer is letter "A": ​The demand for her haircuts is elastic.

Explanation:

Elasticity is a feature of certain goods and services that affect their quantity demanded after a change in prices. The price elasticity of demand is calculated by dividing the percentage of change in quantity demanded by the percentage of change in price. Results equal to or greater than one (1) imply the demand for that product is elastic while results lower than 1 means the demand is inelastic.

Thus<em>, if a salon owner realizes her revenue increased after decreasing the haircut prices, it implies the demand for haircuts is elastic.</em>

4 0
3 years ago
Southwest Airlines Professional Communications Certification
grandymaker [24]

Answer:

Ethnicity

Explanation:

Diversity has two dimensions: primary and secondary. The primary dimension refers to those characteristics which are mainly physical or physiological - cannot be changed.

The secondary dimension refers to our gained characteristics.

<u>Primary dimension</u> - age, gender, ethnicity, sexual orientation, physical handicap...

<u>Secondary dimension</u> - education, marital status, religion, monthly income...

4 0
3 years ago
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