it is false that Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021.
The term EIP3 refers to an early payment of next year's Recovery Rebate Credit.
The Recovery Rebate Credit means a tax credit that is designed to help the taxpayers during a time of disaster, that is, its gives an advance of the credit means so that the money they will get at tax time is available much sooner.
Hence, it is false that Chris and Marcie must claim the EIP3 of $2,800 as taxable income on their 2021.
Therefore, the Option B is correct.
Read more about EIP3
<em>brainly.com/question/2135349</em>
Answer:
$28,007,000
Explanation:
Number of rooms = 200
Daily operating expenses for one room = $20,000 + Cleaning fee
Daily operating expenses for one room = $20,000 + $5
= $20,005
One week period = 7 days
Daily operating expenses for 200 rooms = Daily operating expenses for
one room X Number of rooms
= $20,005 X 200
= $4,001,000
Operating expenses for one-week period = Daily operating expenses for
200 rooms X 7
= $4,001,000 X 7
= $28,007,000
Answer:
$5,790
Explanation:
As we know that
Future value = Present value × (1 + rate)^number of years
where,
Present value = $?
Future value = $12,500
Rate = 8%
Number of years = 10 years
So, the present value equal to
= $12,500 ÷ (1 + 0.08)^10
= $12,500 ÷ 2.1589249973
= $5,790
Basically we applied the future value formula so that the present value could come
Answer:
= $1,520,000
Explanation:
The question is to determine the company's tax shield
A tax shield represents allowable deductions that individuals or organisations are allowed to claim in order to reduce their taxable income. The effect of the tax shield is either to reduce the current year's taxable income or allow for deference of income taxes to a later year.
The tax shield of the firm is as follows
Tax shield = Value of the company's debt x The interest rate x the tax rate
= $38,000,000 x 10% x 40%
= $1,520,000
Answer:
The correct answer is (C)
Explanation:
There are various steps evolved in employing someone for a job. A screening test, interview and written test, all are the stages which a candidate must pass to get a job. A pre-employment screening test is used to determine if a candidate has the minimum education required for open jobs. It helps to screen-out non-essential candidates from the group.
