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mash [69]
3 years ago
10

Linda Perkins (64) shared a home all year with her son, Dennis (41), and Dennis’s son, Chase (20). Linda and Dennis worked full

time and Chase was a part-time student. No one else lived in the home. Assuming that both Linda and Dennis have earned income and an AGI of at least $20,000, but less than $30,000, which of them may claim and receive the Earned Income Tax Credit?
A. No one.
B. Linda only.
C. Both Linda and Dennis.
D. Either Linda or Dennis, but not both.
Business
1 answer:
Marat540 [252]3 years ago
7 0

Answer: D. Either Linda or Dennis, but not both.

Explanation: AGI stands for adjusted gross income. This is basically your gross income which is adjusted after tax deduction.

In this case, because the house is shared between Linda and Dennis and also since they are the ones who earn only. Therefore, either one of them would be eligible for earned income tax credit.

If they had been living in separated houses, both of them would have received the earned income Tax Credit.

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kaheart [24]

Answer:

The appropriate answer is "capital intensive, land intensive".

Explanation:

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This will take effect even though the international availability of land will increase but instead international demand for resources will keep increasing.

7 0
4 years ago
maria has decided to send a letter to her state representative regarding the ten industrial plants in her community that release
otez555 [7]

Maria involved with tragedy of the commons phenomenon.

The required details for tragedy of the commons in given paragraph

In economics, the tragedy of the commons is a scenario wherein man or woman users, who've open get right of entry to to a useful resource unhampered with the aid of using shared social systems or formal guidelines that govern get right of entry to and use, act independently in step with their personal self-interest and, opposite to the not precise of all users, reason depletion of the useful resource via their uncoordinated action. The idea originated in an essay written in 1833 with the aid of using the British economist William Forster Lloyd, who used a hypothetical instance of the results of unregulated grazing on not land  in Great Britain and Ireland. The idea have become broadly referred to as the "tragedy of the commons" over a century later after a piece of writing written with the aid of using Garrett Hardin in 1968. Faced with proof of ancient and present commons, Hardin later retracted his authentic thesis, mentioning that the name must have been "The Tragedy of the Unmanaged Commons".

Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.

To know about tragedy of the commons click here

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8 0
2 years ago
True/ false any procedure that is used to make employee selection decisions is construed to be a test.
larisa86 [58]
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7 0
4 years ago
Whirly Corporation’s contribution format income statement for the most recent month is shown below: Total Per Unit Sales (7,800
Luda [366]

Answer:

1.- The operating income would <u>increase </u>for $680

2.- The operating income would <u>decrease</u> for $680

3.- The Operating Income would be $59,500

Explanation:

We are going to use the contribution margin per unit

<u>This way we avoid most of the calculations</u>

1.- Contribution Margin x ΔUnits = ΔOperating Income

CM per units 17 x 40 = <em>680</em>

<em />

2.- Contribution Margin x ∨Units = ∨perating Income

CM per unit x (-40) = <em>-680</em>

<em />

3.- Contribution Margin x Sales Volume - Fixed Cost = Operating Income

17 x 6,800 - 55,700

115.600 - 55,700 =<em> 59,900</em>

4 0
4 years ago
If an investment adviser representative transacting business in a state terminates employment with a state registered investment
Aleksandr [31]

Answer:

B

Explanation:

If an investment adviser representative transacting business in a state terminates employment with a state registered investment adviser, both the representative and the investment adviser must notify the Administrator promptly.

3 0
3 years ago
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