1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Dima020 [189]
4 years ago
14

Felix and Isabella Franklin have been married since 2016. Felix is a U.S. citizen with a valid Social Security number. Isabella

is a resident alien with an Individual Taxpayer Identification Number (ITIN). They elect to file Married Filing Jointly.Felix worked in 2019 and earned wages of $40,000. Isabella worked part-time and earned $10,000. They have two children: Rose, who is 3 years old, and Iris, who is 8 years old. Both children were supported by their parents all year. Rose is a U.S. citizen and has a valid Social Security number. Iris is a resident alien and has an ITIN.
Felix and Isabella paid $5,000 in daycare for Rose and Iris. The statement from the daycare provider includes the provider's name, address, valid Employer Identification Number, and the amount paid for Rose and Iris's care. Felix, Isabella, Rose, and Iris lived together in the U.S. all year.

Are the Franklins eligible to claim the earned income credit?

a. Yes, because everyone has a taxpayer identification number.
b. Yes, because Felix has a Social Security number.
c. No, because Isabella has an ITIN.
d. No, because their income is too high.
Business
1 answer:
Len [333]4 years ago
6 0

Yes, because everyone has a taxpayer identification number. So the Franklins eligible to claim the earned income credit.

Answer: Option B

<u>Explanation:</u>

Earned Income Credit is a returnable tax credit. People paying tax whose earning is low and moderate are the eligible for this EIC. Also, it has certain conditions to get this credit.  

From the given scenario, the Franklin's are eligible to claim the EIC. Because Felix has a Social Security Number and they filed jointly with Isabella. Also, they have qualifying children.  

Either a U.S. resident or a resident alien having a Social Security Number and jointly filed spouse with moderate income and having qualifying children are the qualifications for claiming the EIC.

You might be interested in
Which system is used for managing global operations, supporting an international company’s decision-making processes, and dealin
const2013 [10]

Answer:

(D) global information

Explanation:

A global information system is an information system which is used in a global context. and deliver the totality of measurable data worldwide within a defined context.

Examples

Systems developed for multinational users, SAP, Oracle ,JDE, are a global ERP system

Global Information Systems for Education

8 0
3 years ago
If the unemployment rate is 9 percent and the natural rate of unemployment is 5 percent, then the:___________. A. frictional une
professor190 [17]

Answer:

C. cyclical unemployment rate is 4 percent.

Explanation:

The cyclical unemployment is associated with business cycles of recessions and expansions. The actual unemployment rate is given by the natural rate of unemployment added to the cyclical unemployment rate. In this case, the cyclical unemployment rate is:

C = 9\%-5\% = 4\%

The answer is C. cyclical unemployment rate is 4 percent.

6 0
4 years ago
1. Fundamentals of consumer choice Suppose that a glass of acai berry juice at Beth's gym cafeteria costs as much as a can of so
djyliett [7]

Answer:

The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.

Explanation:

Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.

3 0
4 years ago
Public companies under the jurisdiction of the Securities and Exchange Commission are required by law to hire a certified public
Ostrovityanka [42]

Answer:

A. True

Explanation:

At the time of publishing the financial statements of the public companies under the jurisdiction of the Securities and Exchange Commission (SEC) is compulsory to hire the independent auditor or we can say Chartered Accountant (CA) so that he or she can assess the financial statement prepared by the public company whether it follows the  Generally Accepted Accounting Principles (GAAP) or not.

And, according to that the independent auditor given his or her qualified or unqualified opinion

3 0
3 years ago
Which career professionals typically have some college experience but no degree? A. IT Project Managers, Computer Hardware Engin
azamat

Answer:

B. Web Administrators, Computer Operators, and Video Game Designers

Explanation:

Web Administrators requires individual to have minimum of high school diploma, with most ideal requirements is associate college degree. Also known as webmasters or web developers, their main functions is to maintain the website content, its design and other functionalities.

Also, Computer Operators are personnels or individuals who are skilled in maintaining the and running the computer systems, while ensuring it functions fully well.

The educational requirements are most associate college degree at the minimum.

Video game designers are as well have minimum educational requirements of high school diploma, and good knowledge and experience in programming, software programs, and 3D modeling amongst others can be an added advantage.

The other options requires minimum of Bachelor's degree, with research scientist can have minimum of Post graduate or doctorate degree in computer science and data analysis.

Hence, the correct answer is option B.

6 0
3 years ago
Other questions:
  • What makes you blush hard?
    12·1 answer
  • On December 1, 2018, Garden Products borrowed $92,000 on a 5%, 10-year note with annualinstallment payments of $9200 plus intere
    8·1 answer
  • _____ is the ability of a product or service to perform as expected under normal conditions.
    12·1 answer
  • Calip Corporation, a merchandising company, reported the following results for October:
    11·1 answer
  • If W. Edwards Deming was your management consultant, he would emphasize
    11·1 answer
  • If STUDENT and COURSE participate in a relationship, this is an example of a(n):
    9·1 answer
  • which of the following is not a term for the period of time during which the annuitant or the beneficiary receives income?A. Pay
    11·1 answer
  • You have collected data for the 50 U.S. states and estimated the following relationship between the change in the unemployment r
    7·1 answer
  • Barlow Company manufactures three products—A, B, and C. The selling price, variable costs, and contribution margin for one unit
    14·1 answer
  • C&amp;A Dairy uses 600 pounds of milk per day to make ice cream. On average, C&amp;A Dairy uses 3 pounds of milk to make one gal
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!