Ben seems to have the Midas touch. He can recognize opportunity where others see only problems. His focus is on creating solutio
1 answer:
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Answer:
$7052.13
Explanation:
We can calculate the present value of money equivalent of $8,250 two years later by applying present value formula
DATA
Future value = $8,250
Interest rate = 4%
Number of periods = n = 2 years x 2 times a year = 4 times
Present value =?
Solution
PV =
PV = ×\
PV = $7052.13
Answer:
AOLC_{Allan}=$2750
AOLC_{Kara}=$2475
AOLC_{Allan}=$1000
AOLC_{Kara}=$780
Explanation:
American Opportunity Learning credit.
First, assuming Allan and Kara are eligible, we must know how the two forms of credit work. For the American Opportunity Learning credit (AOLC), it is possible to receive 100% of the tax deduction for the first 2000 and then 25% of the deduction up to a maximum of 2500. So, the amount of the opportunity credit for Allan and Kara is given by:
Now, for the American Lifetime Learning credit (ALLC), we have to allow 20% deduction of taxes up to $2000 if the person meets the requirement of not earning more than 68000, then: