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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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Melody's Piano School operations for the month of May are summarized in the following three transactions: - Provided $1,150 of i
Eddi Din [679]

Answer:

Melody's net income for may is $ 1,075.

Explanation:

New income in cash basis = collection from instruction - piano rental bill

                                            = $ 1,575 - $ 500

                                            = $ 1,075

Therefore, Melody's net income for may is $ 1,075.

3 0
3 years ago
Querrey Incorporated and Ronno Incorporated conduct business in a foreign country that imposes a 3 percent VAT. Querrey produces
4vir4ik [10]

The answer is The amount of VAT payable to both the business are:

VAT payable by Querrey Inc. is $11,16,000

VAT payable by Ronno Inc. is $3,72,000

What is the computation of VAT payable?

  • For Querrey Inc.Sales Revenue = 12, 400, 000units* $9F = $11, 16, 00, 000
  • VAT on Sales = $11, 16,00,000* 3%
  • $33,48,000
  • VAT on Material 12, 400, 000units * $6: = $22, 32,000
  • For Ronno Inc.Sales Revenue = 12, 400, 000units $10= $12, 40, 00, 000
  • VAT on Sales = $12, 40,00,000* 3%
  • $37,20,000
  • VAT on Purchase = 12,400,000units* $9= $33, 48,000

To learn more about VAT payable visit:

brainly.com/question/20628016

#SPJ4

8 0
1 year ago
could this type of situation ever occur in the United States and imposter taking over the leadership of the country ​
Molodets [167]

Answer:

yes

Explanation:

The way the system works is tricky but the thing to realize is that people can always be deceitful and act different than they are.

4 0
3 years ago
Monroe Construction Company uses the percentage-of-completion method of accounting. In 2013, Monroe began work on a contract it
deff fn [24]

Answer:

$2,400,000

Explanation:

Costs incurred during 2013 + estimated costs to complete (2014) = $9,600,000 + 6,400,000 = $16,000,000

The gross profit for all the project should be $20,000,000 - $16,000,000 = $4,000,000.

The $4,000,000 gross profit should be distributed as follows:

2013 = ($9,600,000 / $16,000,000) x $4,000,000 = $2,400,000

2014 = ($6,400,000 / $16,000,000) x $4,000,000 = $1,600,000

7 0
3 years ago
You are a network engineer for a midsized government contractor working on a project for a national government lab. Your network
vaieri [72.5K]

Answer:

In creating a Bill of Material for the infrastructure and tools for the lab, we need to create certain test plans, by having to test applications anf devices that will work in a new environment

Infrastructures devices in the IPv6 lab is needed such as switches, routers, firewalls.

End systems are important with various operating systems and application that is hosted in a fictional network.

At the end of the day, it might be costly, but durability is rest assured on the long period of time.

Explanation:

Solution

By setting up a IPv6 and converting labs from IPv4 to IPv6 is not only tasking, but we need to create or design certain test plans.

We  test how applications and devices will work in a new environment and this set up will be like a real world environment  (scenario)

This IPv6 lab will need infrastructure devices like routers, firewalls, routers, switches.

With the addition of infrastructure devices it also needs end systems with various operating systems. and  applications that are hosted in the operational network

All these things will cost but  the durability is assured on the long period.

Setting up a full lab set up may costly but it provides an environment where we can test application and infrastructure safely.  this type of system testing will give insights to how the system will function when we allocated operationally . this will helps to reduce cost  and if we want test these for multiple labs we can develop a tunnel.

Tunnel Is nothing but a native common thing that connects all the labs that want to initiate an IPv4.

Because of time and cost both will decrease and infrastructure durability increases and performance .

6 0
3 years ago
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