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MakcuM [25]
3 years ago
13

John and Joan pay $16,500 of qualified adoption expenses in 2018 to finalize the adoption of a qualified child. Their AGI is $19

7,000 for 2018. What is their adoption credit for 2018?
a.$13,460
b.$0
c.$13,810
d.$16,500
Business
1 answer:
Fantom [35]3 years ago
8 0

Answer:

Option "C" is the correct answer to the following statement.

Explanation:

Tax deduction for adoptions is up to $13,810 per infant. The tax deduction for adoption is not a returnable benefit.

This is a one time credit for each child.

Eligibility for this credit:

At the point of adoption the child must be < 18

People with revenue varying from $207,140 to $247,140 that receive a part of the credit.

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Answer:

The action of revising

Explanation:

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Your company sells a variety of NFL logo t-shirts for various teams for $15. Your rental cost of the silk-screening equipment is
Zina [86]

Answer:

The company should print the 3,000 units of Tennessee  as they will yield a gain for 3,000 dollars.

Because it faces economies of scale it should sale for as much as it can from a given pattern

Explanation:

Profit: revenue - variable cost - fixed cost

Profit =   15*Q - 8*Q - 18,000

Profit =          7Q- 18,000

3,000 Tennessee shirts x $7 contribution per shirt - 18,000 setup cost

profit: 21,000 - 18,000 = 3,000

Profit maximization: Marginal revenue = marginal cost

Total Revenue: 15 x Q

dTR' /dQ = 15

dTR''/dQ = 0

cost function: 18,000 + 7Q

dC'/dQ = 7

dC''/dQ = 0

Sport Tee faces a economie of scale their cost do not increase over time. Sport Tee should sale as many shirt as it possible can

8 0
3 years ago
Knowledge management is most popular among businesses in
Bingel [31]
Knowledge management is the the way how knowledge is captured, organized, distributed and effectively used. It is a whole process of managing knowledge that is very important for the success of the business because it builds learning organizations by making learning routine, facilitates decision-making capabilities and stimulates cultural change and innovation. It should be part of every type of business. However, KM is mos popular among business in the business administration, management, health, information systems and services.
7 0
3 years ago
Rachel sells 100 shares short at $43. The sale requires a margin deposit equal to 60 percent of the proceeds of the sale. If the
andrew11 [14]

Answer:

23.25%; 62.01%

Explanation:

(a) Amount received:

= No. of shares × selling price

= 100 × $43

= $4,300

Sales deposit = 60% of Amount received

                        = 0.6 × $4,300

                        = $2,580

Amount paid = No. of shares × Purchase price

                      = 100 × $49

                      = $4,900

Therefore, Loss = $4,900 - $4,300

                           = $600

(b) If buys at $27, then

Amount paid = $27 × 100

                     = $2,700

Profit = $4,300 - $2,700

         = $1,600

Loss on investment:

= ($600 ÷ $2,580) × 100

= 23.25%

Profit on investment:

= ($1,600 ÷ $2,580) × 100

= 62.01%

7 0
3 years ago
Corbel Corporation has two divisions: Division A and Division B. Last month, the company reported a contribution margin of $46,4
diamong [38]

Answer:

$5300

Explanation:

Contribution margin for Division B = Sales * Contribution margin ratio

= $243,000 * 20%

= $46,800

Total contribution margin = Division A + Division B

= $46,400 + $46,800

= $93,200

Contribution margin $93,200

Less : Traceable fixed expenses $51,100

Less : Common fixed expenses (plug) $5300

Net operating income $33,800

5 0
4 years ago
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