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OlgaM077 [116]
3 years ago
6

1. Marty and Jean are married and have 4-year-old twins. Jean is going to school full-time for 9 months of the year, and Marty e

arns $45,000. The twins are in day care so Jean can go to school while Marty is at work. The cost of day care is $10,000. What is their child and dependent care credit? Please explain your calculation. _________________________________________________________________
Business
1 answer:
Pavel [41]3 years ago
4 0

Answer: $2,000

Explanation:

-Use form 2441 on the IRS website for 2019.

-Wages earned=$45,000, therefore, it would be between "over 43,000 but not over 'No Limit' " which is 20% (.20)

-$10,000(paid in daycare) × .20 = $2,000

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When retained earnings are not enough to meet their long-term funding needs, businesses may be able to raise funds by <u>selling common stock</u>. Long-term funding can be defined as any financial tool with maturity going beyond one year (such as bank loans, bonds, leasing and other forms of debt finance), and public and private equity instruments.

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Therefore, the correct answer is as given above

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1 year ago
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3 years ago
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Mademuasel [1]

Answer:

1.59 times

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3 years ago
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