1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Papessa [141]
3 years ago
15

In 2019, Laureen is currently single. She paid $2,800 of qualified tuition and related expenses for each of her twin daughters S

heri and Meri to attend State University as freshmen ($2,800 each for a total of $5,600). Sheri and Meri qualify as Laureen’s dependents. Laureen also paid $1,900 for her son Ryan’s (also Laureen’s dependent) tuition and related expenses to attend his junior year at State University. Finally, Laureen paid $1,200 for herself to attend seminars at a community college to help her improve her job skills.
Business
1 answer:
Anastaziya [24]3 years ago
3 0

Answer:

Answers below

Explanation:

a) Laureen's AGI - $45,000

For 2 daughter - AOTC is - (2000*2child)+(800*25%+2child)

=4000+400

=4400

For Ryan - 1900

AOTC - 6300

Laureen lifetime learning credit - Eligible is 2000 (The amount of the credit is 20 percent of the first $10,000 of qualified education expenses or a maximum of $2,000 per return)

so in above case it is - 1200*20% =240 (Since AGI is below clip of 56000 he can claim same)

=6300+240 = 6540 is eligible deduction

b)

Since AGI is 95000

AOTC can't be calimed if AGI is above 90000 and hence AOTC is zero and Lifetime learning credit can't be claimed if AGI is above 56000.. Hence it is zero education credit

c)

For Daughter it is same as a above i.e. 4,400

For Ryan it is = 2000+(10000*25%) or maximum 4000

=2000+2500 or 4000

so 4000 is allowed

so AOTC total of 8400 and LLC of 240 so claimed is 8640

You might be interested in
When you are applying for a job, it’s fine to post this kind of personal information on websites? A) Your personal security numb
Katen [24]

Answer:

C

Explanation:

you don't want to do A or b so with that it can't be D

6 0
3 years ago
Please give the answer to question one
Nataliya [291]

Answer:

A

Explanation:

A is the answer to the question

7 0
2 years ago
John owns 500 shares of stock in Catawba Box, Inc. The company has recently announced the results for the quarter. The company e
frutty [35]

Answer: Is not taxed

Explanation: John owns 500 shares of stock in Catawba Box, Inc. He is the share holder of the company . An equity shareholder is the owner of the company. But for a big public limited company, they raise funds by going public and issuing shares to the public in small tranche. The profit earned by the company is taxable for the company while it is not taxed to the owners or the shareholders of the company as a company is a separate legal entity.

6 0
3 years ago
An online medicaladvice company just completed an IPO with an investment bank on a firm-commitment basis. The firm issued 5 mill
s2008m [1.1K]

Answer:

The total proceeds from the common-stock sale amounts to $139,500,000

Explanation:

The aggregate proceeds from the sale of common stock is computed as:

Total proceeds from sale of common stock = Number of shares issued × Offer Price per share

where

Number of shares issued is 5 million that is 5,000,000

Offer Price per share is $27.90

By putting the values in the above formula:

= 5,000,000 × $27.90

= $139,500,000

3 0
3 years ago
LO 8.5Which of the following is a possible cause of an unfavorable labor rate variance?
riadik2000 [5.3K]

Answer:

hiring higher-quality workers at a higher wage

Explanation:

Possible causes of unfavorable labor rate variances include:

An increase in pay for employees.

Working overtime hours paid at a premium above the basic rate.

Using direct labor employees who were more skilled and experienced than the ‘normal’ and who are paid  more than the standard rate per hour (adverse rate variance).

Based on the above discussion, the answer is hiring higher-quality workers at a higher wage

6 0
3 years ago
Other questions:
  • According to a recent survey, insurance was cited as the biggest problem for small businesses. What is cited as the second most
    12·1 answer
  • When riley comes to the united states to take a job, he is surprised that his co workers conduct business lunches with their cli
    11·1 answer
  • Suppose the country of Ceria and Lithinia imposed tariffs on imports from all countries, and then they set up a free trade area,
    15·1 answer
  • Sales management at universal containers wants product managers to become more involved with sales deals that are being delayed
    10·1 answer
  • Which of the following is an economic cost of instability?
    13·1 answer
  • Rusty Corporation purchased a rust-inhibiting machine by paying $54,500 cash on the purchase date and agreed to pay $10,900 ever
    8·1 answer
  • What is an example of a comparative advantage of Mexico over the United States?
    15·1 answer
  • For better inventory and distribution, employees should be educated on all of the procedures involved and should be given as muc
    13·1 answer
  • Eyewitness testimony, diary entries, interviews, and surveys are examples of ______ sources.
    5·1 answer
  • wilson corporation exchanged land and $4,500 cash for material handling equipment. the land had a book value of $45,000 and a fa
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!