Answer:
$4000
Explanation:
Step 1. Given information.
The child tax credit is $2000 per child.
Step 2. Formulas needed to solve the exercise.
Total amount of credit = Number of kids * amount of credit.
Step 3. Calculation and Step 4. Solution.
The AGI limit phaseout begins at $400.000 for joint tax filters. In this case there are 2 dependent kids and hence the credit = 2000*2 = 4000.
Answer:
The Supreme court will revise the ruling from the Federal Court
Explanation:
When the Atomic Energy Commission appeals to the Supreme Court due to dissatisfaction from the Federal court's verdict, it is the duty of the supreme court to take some moment to look critically into the issue and weigh the premises in which the Federal Court's verdict was passed in favour of the environmental group.
After taking a critical look at the various arguments raised by the environmentalist and the court's ruling, it is obligatory for the Supreme court to decisively call the attention of AEC to the reasons raised and make provision to address such , bearing in mind that there was no previous discussion between the two parties prior to seeking court's attention in this regards.
Answer:
The correct answer is option B.
Explanation:
Comparative advantage refers to the situation when a nation or individual is able to produce a good or service at a comparatively lower opportunity cost. The nation is said to specialize in the good or service it can produce at a lower opportunity cost.
Trade through specialization helps both the nation involved in the trade to consume more. Each nation produces more of the good it specializes in and exchanges it for the good it does not specializes in.
In this way, both of them are able to consume beyond their production possibility curves.