Answer:
Since Will is getting the custody of their two children, he can claim them as dependents and deduct exemptions when he files his taxes.
- child tax credit ($2,000 per child under 18)
- child and dependent tax credit (up to $3,000 per child under 13 and $500 for dependent over 13)
- American opportunity education credit (up to $2,500 per child that studies x 4 years maximum)
Alimony can no longer be deducted from Janine's AGI, nor it should be included in Will's AGI.
Property distributions (cars and house) will not have any effect in their taxes, but if they sell them, their basis will be the value at the time of divorce.
Answer:
Option B. Buyers to demand a smaller quantity at every price
Explanation:
The reason is that the computer product price has been increased from the previous price due to imposition of tax on it and as we know that the higher prices will decrease the demand of the product and as a result the buyers are less likely to buy the product as it is now priced high.
The part of wildlife management that overseas the trapping animals in areas where they are much and get them release to where they are not abundant is : D Hunting regulations
- Hunting regulations can be regarded as the measures that are put in place to save the life of wildlife from going into extinction.
- This body usually trap animals in areas they are much they released them to areas they are not much.
- The body dictate the hunting seasons that the hunter should hunt, and not to hunt.
- It gives the bag limits as well as poaching laws on the hunting proces
Therefore, the correct option is D
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A franchise is defined as:
an authorization granted by a government or company to an individual or group enabling them to carry out specified commercial activities, e.g., providing a broadcasting service or acting as an agent for a company's products.
Hope this helped! xx
Answer:
it must be organized as a separate legal entity.
Explanation:
A corporation is a business that is owned by shareholders. The corporation is a separate legal entity and so it can sue and be sued, pay taxes and own assets.
Advantages of a corporation include :
1. they have unlimited liabilities
2. they have unlimited life. the business doesn't end even after the death of the owners unlike a sole proprietorship
3. they have more access to capital
Disadvantages of a corporation include :
- high cost of setting up
- Earnings to shareholders are taxed twice
A corporation can only issue one type of share
A corporation is under no obligation to pay dividends
Stocks of a corporation can either be sold in large or small amounts
