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3 years ago

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

Business

1 answer:

mihalych1998 [28]3 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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Explicit costs are payments the firm makes for outputs such as desks for its employees, whereas implicit costs are expenditure c

VladimirAG [237]

Answer:

The correct answer is: inputs such as wages and salaries to its employees, whereas implicit costs are non-expenditure costs that occur through the use of self owned resources such as foregone income.

Explanation:

The implicit costs. Also known as opportunity costs have to do with alternative earning options, or money that we no longer receive when performing certain commercial actions.

A company incurs implicit costs when it waives an alternative action but does not make a payment. Implicit costs of a company are:

The use of the company's own capital (money or assets).
The use of money, assets and financial resources of the owner.

Explicit costs. They are what we usually see and are easy to identify. Even if they can present some complication for their determination, it is possible to identify them thanks to the business operation itself.

Explicit costs are paid with money. In a food company the costs recorded by the company accountant are the explicit costs, for which the company disburses cash, such as wages and salaries, truck maintenance, tolls, service payments, and so on.

3 0

3 years ago

. Research: Using reputable and recently published internet sources, research the

Angelina_Jolie [31]

Saving refers the method of accumulating one's capital for future use and this is done by either no spending part of one’s income or cutting down certain costs.

Money which are saved are either in cash at hand, in a deposit account or being invested in financial instruments such as Money market etc

According to Statistics from a reputable sources, for June 2021, the personal saving rate in the United States is 9.4 percent while in May, there was 10.3 percent in saving rate.

In conclusion, the factor that contributes to decrease in saving rate is the continuous rise of goods and services (Inflation) while income remain constant.

Learn more about Saving rate here

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3 0

2 years ago

An oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B. The FED in coun

Ann [662]

When an oil cartel effectively increases the price of oil by 100% causing a shock in oil consuming countries A and B.

The FED in country A takes immediate action increasing the money supply, while FED in inflationary country B does not take any action

In this case, in long term "Both countries return to their long-term stable equilibrium, but country A will remain with a higher price level than country B".

<h3>What is Federal Reserve System (FED)?</h3>

The nation's central banking system is the Federal Reserve System, usually referred to as the Federal Reserve or just the Fed.

The Fed offers a secure, adaptable, and stable monetary and financial system to the nation.

The Fed's primary responsibilities include-

overseeing and regulating banks,
implementing national monetary policy,
preserving financial stability, and
offering banking services.

Therefore, to better understand the effects of financial services laws and practices on customers and communities, the Federal Reserve promotes supervision, community reinvestment, and research.

To know more about monetary policy, here

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2 years ago

High-Rise Boots Corp. plans to expand into the European market where it finds weak pressure to respond to local demands and cost

Alekssandra [29.7K]

Answer: Home replication strategy

Explanation:

The competitive strategy should the company use based on these factors is the home replication strategy. In this strategy, there is a minimal need for flexibility or modifications.

Since the company finds weak pressure to respond to local demands and cost reductions are not necessary, then the home replication strategy is applicable.

7 0

3 years ago

Let's suppose that the demand for allergists increases in california. assuming there is a perfectly competitive market for aller

densk [106]

Let's suppose that the demand for allergists increases in California. assuming there is a perfectly competitive market for allergists in California :

Allergists from other states (or countries) could move to California.

Surgeons, hematologists, and other doctors in California could become allergists after some retraining.

More people could enter medical school, specialize in allergies, and move to California.

A competitive market is an economic term that refers to a market in which there are a large number of buyers and sellers and no single buyer or seller can influence the market. A competitive market has no barriers to entry, many buyers and sellers, and homogeneous products.

In economics, especially general equilibrium theory, perfect markets, also called atomistic markets, are defined by several idealized conditions collectively known as perfect or atomistic competition.

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8 0

1 year ago