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Scilla [17]
2 years ago
7

Which of the following situations may qualify a taxpayer to claim an education credit on their tax return? g

Business
1 answer:
mihalych1998 [28]2 years ago
6 0

Answer:

The correct answer is letter "B": The taxpayer paid education expenses for their dependent child at an eligible educational institution for a degree.

Explanation:

Taxpayers can take educational credits for themselves, their spouse, and dependents who during the tax year have been enrolled in or attended an eligible post-secondary school. In the case of dependents, they must be claimed as such in the taxpayer's return and cannot appear in any other filing.

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Peninsula Company reported net income of $290,000 for the year. During the year, accounts receivable increased by $21,000, accou
guajiro [1.7K]

Answer:

$305,000

Explanation:

Given that,

Net income for the year = $290,000

Increase in accounts receivable = $21,000

Decrease in accounts payable = $9,000

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Net cash provided by operating activities:

= Net Income of current year - Decrease in Accounts Payable + Depreciation Expense - Increase in Accounts Receivable

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= $305,000

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6. A radio station that carries news, features, and editorial opinions about
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Answer:

B

Explanation:

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Robert Egger started the DC Kitchen, which has a mission to address hunger by empowering systems, that are already in place, to
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Answer:

The answer is True

Explanation:

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8 0
3 years ago
TwitterMe, Inc., is a new company and currently has negative earnings. The company’s sales are $2.1 million and there are 130,00
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Answer:

a. $69.46

b. 58.15

Explanation:

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Price = $58.15

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2 years ago
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