The maximum AOTC that can be claimed by Andre’s parents is $2,500.
American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.
- The full tax credit is allowed when modified adjusted gross income is $160,000 or less.
- 100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.
Maximum AOTC = $ 2000 + (0.25 × $2000)
Maximum AOTC = $2000 + $ 500
Maximum AOTC = $2500
Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.
Read more about adjusted gross income
<em>brainly.com/question/2370788</em>
First if all remember that the flexible policy was created as an strategy to calls for a reaction <span>that can be easily modified to respond to war circumstances. This means the government is giving more power to the arms race because this strategy is not only limited to enhance nuclear arms but any weapon. Of course that budget is not going to be used for many other rograms as agriculture or health which are also important. </span>
This question is a bit tricky to answer because it does not state how often interest rate is applied so lets say for the simple 5% interest rate the rate of interest was calculated after 2 years you would pay a total interest of $15 since interest was only calculated once but for the 3% calculating every year with compound it would be a total of 18.27 dollars in interest but then you would have to calculate the 5% simple interest the same way which would total to $30 if calculated once a year being more than the 3% compound. But lets say interest is calculated once a month your total for the 5% simple interest would be $360 dollars interest for those 2 years and the 3% compound would be $406.97 dollars in interest. So over all the less amount of times interest compounds the less interest there is making it more worth than the simple but if the compounding occurs more frequently the simple 5% interest is more worth it. In this situation I think it might just be yearly interest which makes the 3% compound more worth taking for this short amount of time.
Answer:
Scarcity refers to the basic economic problem, the gap between limited – that is, scarce – resources and theoretically limitless wants. ... Any resource that has a non-zero cost to consume is scarce to some degree, but what matters in practice is relative scarcity
Scarcity dictates that economic decisions must be made regularly in order to manage the availability of resources to meet human needs. Some examples of scarcity include: The gasoline shortage in the 1970's. ... Coal is used to create energy; the limited amount of this resource that can be mined is an example of scarcity.
Explanation:
HOPE it helps
Answer:
Campus Stop, Inc.
Partial Income Statement
Sales revenue $323,300
Sales returns ($1,730)
Sales discounts and allowances <u> ($2,270)</u>
Net sales $319,300
Cost of goods sold <u>($172,870)</u>
Gross profit $146,430
Gross profit margin = $146,430 / $319,300 = 45.86%
