The parties who may qualify to claim Millie as a dependent are Weston and Faith (option B)
A support agreement is a contract between one or more people who voluntarily agree to support other people (usually children or elderly parents).
In the case presented, the people who qualify are:
- Weston and Faith (option B)
These two people qualify because between them they give more than 50% of the support and are closely related to Millie, they are her children.
On the other hand, Jake and Brayden do not classify because they do not contribute equally or more than 50% of the support and one of them is not related to Millie.
According to the above, the correct answer is B, because it mentions the people who qualify to claim Millie as a dependent.
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Answer:
c
Explanation:
because he has to do a little of eveything
Answer: Framing effects
Explanation:
The framing effect is referred to as or known as a cognitive bias under which an individual tends to decide upon the options that are mostly based on the fact whether the given options are also represented with negative or positive connotations, i.e. as a gain or as a loss. Individual usually avoid risk while a positive frame is being presented but tend to seek risks while a negative frame is being presented.
Answer:C. $50,000
Total revenue would be $300,000. Total cost would be $250,000 (fixed = $50,000; variable = $200,000).
Explanation:
A credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
<h3>What do credit do to liabilities?</h3>
In accounting, a credit is always been positioned on the right side of an entry and it effect is that it increases liability, revenue or equity accounts and decreases asset or expense accounts.
Because the state sales tax is seen as expenses, then, a credit to a liability account would happen upon the sale of a product because the Merchandise that was sold is subject to state sales tax.
Read more about liability account
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