Written promise to pay a specified amount of money

Max and nora have modified agi of $75,000, and adopted a little boy from san antonio, texas, in the current year and incurred a

miskamm [114]

Answer:$9,000

Explanation:

The tax credit offered to adoptive parents to encourage adoption is reffered to as ADOPTION TAX CREDIT. The adoption tax credit is a nonrefundable tax credit. This means that people owing taxes are also fit or qualified to apply for the adoption tax credit.

In the United States of America, adoption tax credit qualified expenses include court costs, traveling expenses, lawyer's or Attorney's fee and other expenses for legal adoption of an eligible child.

It can be calculated by subtracting

the max's employer provided for the couple with adoption benefits of $4,000 from the incurred expenses of a total of $13,000 in qualified adoption expenses(from the question).

That is; $13,000-$4,000.

= $9,000.

Hence, the maximum amount of adoption credit they can take this year is $9,000.

4 0

3 years ago

HURRY!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Rainbow [258]

Answer:

True

Explanation:

The workplace refers to the place where an activity is carried out for the purpose of a monetary return. Each workplace is made up of different people, maintaining different dynamics. This way, every workplace is different. Even though it is standardized, the people who make up the place will give the workplace different dynamics, differentiating them.

8 0

4 years ago

Read 2 more answers

Mrs. Smith operates a business in a competitive market. The current market price is $8.10. At her profit-maximizing level of pro

Luba_88 [7]

Answer:

Mrs Smith either shut down the business or invest in efficient equipements that lowers the total cost to below $7

Explanation:

The reason is that the you can not make profit if you product is sold in the market at a higher price than the competitor who offers the same product with the same features. So here, Smith can not make profits by selling the product at $8 because here total cost is $8.25 per unit.

So either she should invest in the business equipments which bring efficiencies and keeps the total costs to below $7 or she should shut down her business because the business is turned into loss making machine.

3 0

3 years ago

Jewel Service anticipates the following sales revenue over a five-month period: The company's sales are 40% cash and 60% credit.

givi [52]

Answer:

I looked up the missing information, hopefully it's the same as your question. If not you can adjust the answer.

Its collection history indicates that credit sales are collected as follows:

25% in the month of the sale
50% in the month after the sale
15% two months after the sale
10% are never collected

sales revenue:

November $16,100
December $10,400
January $15,600
February $12,400
March $14,400

Jewel Services

Cash Collections budget

For the months of January, February, and March

cash collected from sales January February March Quarter

from November sales $2,415 $2,415

from December sales $5,200 $1,560 $6,760

from January sales $3,900 $7,800 $2,340 $14,040

from February sales $3,100 $6,200 $9,300

from March sales $3,600 $3,600

Total $11,515 $12,460 $12,140 $36,115

6 0

4 years ago

If the money supply exceeds money demand, people will ____ bonds which will cause bond prices to ____ and the nominal interest r

Stella [2.4K]

Answer:

A. buy; rise; fall

Explanation:

As for the provided information, we know,

As the supply of money exceeds the demand people will have more investing power, accordingly people will buy more bonds,

as more and more people will try to buy the bonds the price for bond because of high demand will automatically due to demand and supply proportion will rise,

and then to control the demand of bond, and control the purchase of bond, the nominal interest rate provided on bonds will fall.

5 0

3 years ago