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marin [14]
3 years ago
11

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works to pay for his schooling and has an AGI of $37,000.

Business
1 answer:
Lemur [1.5K]3 years ago
6 0

Answer:

His American Opportunity tax credit is $2,500.

Explanation:

A taxpayer who has a modified adjusted gross income of $80,000 or less can claim the credit for the qualified expenses of an eligible student.

Taxpayers will receive a tax credit based on 100% of the first $2,000, plus 25% of the next $2,000 that is paid during the taxable year for tuition, fees and course materials and also, 40% of the credit (up to $1,000) is refundable.

Therefore, His American Opportunity tax credit is $2,500.

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Suppose the economy is initially in​ long-run equilibrium. the government enacts a policy to decrease taxes. in the​ short-run,
hoa [83]

I think the answer is: a shift from ADI to AD2 and a movement to point B with a higher price level and higher output.

D

8 0
4 years ago
Read 2 more answers
How does Corona Virus affect Purchasing Power Parity globally?​
sammy [17]

Answer:

CV19 could impact PPP by negatively impacting the market value of goods in an economy that is severely impacted by the virus.

Explanation:

When the economic conditions and demand for goods and services slow down, prices will naturally fall as the individuals selling those goods and services try to attract scarce buyers.  

In the case of CV19, if one country is severely impacted by either illness or the measures taken to avoid illness, their economy will slow down and prices will fall.  Compared to a country who is not impacted and whose market prices do not fall, PPP between these countries will be affected.

5 0
3 years ago
Tinker Bell Company has the following: Units Unit Cost Inventory, Jan. 1 8,000 $11 Purchase, June 19 13,000 12 Purchase, Nov. 8
Flauer [41]

Answer:

Question 1

b. $100,000

Question 2

(a) Goods held on consignment from another company.

Explanation:

Question 1

Calculation to determine what the cost of the ending inventory under LIFO is

Using this formula

Cost of the ending inventory =(Inventory, Jan. 1 Units*Cost )+[(Dec 31 Units on hand- Inventory, Jan. 1 Units)*Purchase, June 19 Cost ]

Let plug in the formula

Cost of the ending inventory =(8,000 * $11) + (1,000 *$12)

Cost of the ending inventory =$88,000+$12,000

Cost of the ending inventory =$100,000

Therefore the cost of the ending inventory under LIFO is $100,000

Question 2

GOODS HELD ON CONSIGNMENT FROM ANOTHER COMPANY should NOT be included in the PHYSICAL INVENTORY of a company but rather be included in the inventory of the sender of the goods which is the CONSIGNOR.

6 0
3 years ago
Internal-operational communication is defined as:
yawa3891 [41]

Answer:

The correct answer is B

Explanation:

Internal operational communication is the one which occurs or happen for carrying out the operations of the firm or the company. Internal members of the company like the members of trade union, workers, the Board of directors and managers.

This form of the communication in the company, is written and the oral form.

Therefore, it is defined as the communication which helps in sustaining or making the relationship upon which the business or the company grounded and it is more vital than ever.

8 0
3 years ago
Which of the following statements supports multiple sourcing:
Makovka662 [10]

Answer:

Concerns exist about supplier capacity for future volume.

Explanation:

The multisourcing is a method in which the supplier base is expanded increasing the actual number of suppliers, because the needs of the company are increasing.

Advantages:

-Alternative sources of materials in case of delivery stoppage by a supplier.

-Reduced probability of bottlenecks due to insufficient production capacity to meet peak demand.

- Increased competition mong suppliers leads to better quality, price, delivery, product innovation and buyer´s negociation power.

-More flexibility to reat to unexpected events that could endanger supplier´s capacity.

Disadvantages:

-Reduced efforts by supplier to match buyer´s requirements.

-Higher cost for the purchasing organization (greater number of orders, telephone calls, records, and so on).

3 0
3 years ago
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