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vodka [1.7K]
3 years ago
5

Bob and Serena are married and file a joint income tax return. For 2018, their modified AGI is $70,000. Their daughter, Dawn, is

in her third year at State University. They paid $4,300 for Dawn's tuition. What is the American Opportunity Credit (AOC) that Bob and Serena can claim?
Business
1 answer:
Bogdan [553]3 years ago
8 0

Answer:

The American Opportunity Tax Credit (AOTC) that can be claimed is $2,500.

Explanation:

As of 2018, no changes have been made to the AOTC. By law, with a modified  adjusted gross income (MAGI) of $80,000 or less for single individuals and $160,000 or less for married filing jointly, the individuals can claim the full credit amount. It is a credit paid for an eligible student to cover education expenses, if in the first four years of postsecondary education. A maximum annual amount of $2,500 is given and an additional 40% of remaining amount (up to $1,000) if the tax owed falls to zero.

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Assume $1,000 is deposited in a checkable account by mr. y in bank
otez555 [7]
Hi there

1,000÷0.20
=5,000

5,000−1,000
=4,000....Answer (this is the total amount of money can be created)

Hope it helps
4 0
3 years ago
We typically hear of the gains from trade coming through specialization wherein each nation produces more of and exports that go
Brut [27]

Answer:

Generally theoretical models work only in theory. E.g. perfect competition models exist in theory but no market is really a perfect competition market.

The Ricardian model or the H-O model, or other trade models make the mistake of assuming that resources can be allocated at will and almost immediately, e.g. a fisherman can immediately become an engineer and start developing apps. Or a farmer that produces corn or rye (very popular examples) can suddenly start working at a factory producing bluejeans.

In real life, it doesn't happen. Also, trade models never consider natural trade barriers and extra costs related to trade. E.g. it is not the same to sell $10,000 worth of corn (you need a very large truck) than selling $10,000 worth of jeans (all you need is a small delivery van). In real life, trade is not simple, it is actually extremely complicated.

E.g. everyone knows that manufacturing goods in America is not efficient, at best companies can be less inefficient, but no manufacturing company in America is really efficient if we compare them to foreign companies. Even people who work in manufacturing industries know this, but they want to continue working in them. They want the companies to keep producing in America and they want to keep their jobs. Not everyone in America has a college degree in computer programming, finances, is able to design robots, or is a doctor, etc.

In real life, efficient industries have to exist alongside inefficient industries, and the whole economy suffers from it. But it is unavoidable. In the long run, the economy will eventually shift resources to more efficient industries,  but it takes a long time, and a lot of people and companies will be against it. E.g. every year there are less shoe manufacturers in America, and eventually sometime in the future there will be none.

7 0
3 years ago
Abraham has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him t
fenix001 [56]

Answer:

Collision

uninsured motorist

comprehensive

liability coverage

Explanation:

From the question, we are informed about Abraham who has just purchased his first car. His bank, First State Bank, loaned him the money to buy the car and has required him to purchase insurance to protect the car as the collateral for the loan. In this case the basic types of coverage Abraham should buy to satisfy the bank requirement and to best protect himself from the risks of operating an automobile are;

✓ uninsured motorist

✓comprehensive

✓liability coverage

Insurance is very essential in protecting an individual or firm from any form of financial loss, it can be regarded as a kind of risk management and it is way to avoid uncertain loss. Then if Adam could buy the coverage he will be protected from loss in future.

3 0
3 years ago
One Planters NUT-rition Cranberry Almond Peanut bar weighs 35 grams and is composed of 23% lipid, 57% carbohydrate, 14% protein,
Aloiza [94]

Answer:

C) 42%; 11%

Explanation:

The total calories in one Planters NUT-rition Cranberry Almond Peanut bar =

  • fats: 35 grams x 23% x 9 calories = 72.45 calories
  • carbohydrates: 35 grams x 57% x 4 calories = 79.8 calories
  • proteins: 35 grams x 14% x 4 calories = 19.6 calories
  • total 171.85 calories

percent calories from fat = 72.45 calories / 171.85 calories = 0.4216 x 100 = 42.16% ≈ 42%

percent calories from protein = 19.6 calories / 171.85 calories = 0.1141 x 100 = 11.41% ≈ 11%

6 0
3 years ago
When building a new residential development or mall, a national real estate organization typically does not remove many trees, b
SCORPION-xisa [38]

Answer:

The answer is: B) sustainability

Explanation:

Sustainability refers to meeting today's needs without compromising or jeopardizing the future generations' ability to fulfill their needs. Sustainability focuses on three main areas:

  1. economic: support long term economic growth
  2. environmental: protect and maintain environmental resources for future generations
  3. social: develop organizations and communities that meet the needs of current and future generations

5 0
3 years ago
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