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ValentinkaMS [17]
3 years ago
5

Sam and Edith are married, file a joint return, and have three children, Adam (age 15, in high school) who lives with them, Alex

(age 18, in high school) who lives with them, and Ann (age 20, a full-time student at an out-of-state college). Alex made $5,400 at a part-time job and filed a single tax return to recover his tax withholding. Sam and Edith provided more than half of the total support for all three children. How many dependents can Sam and Edith claim when they file their joint tax return?
Business
1 answer:
Artyom0805 [142]3 years ago
6 0

Answer:

1

Explanation:

The child and dependent care tax credit allows Sam and Edith a $500 deduction for every child or dependent that is 13 or older. But two of their children do not qualify for the following reasons:

  1. Ann doesn't live with them.
  2. Alex earned money (more than the $4,200 threshold) and filed taxes separately.

Therefore, they can only claim a dependent tax credit for Adam.

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What does it mean for a savings account to have a minimum balance?
Fittoniya [83]

Answer:

D

Explanation:

A savings account is an account owned by an individual at a bank. He keeps his money there, and earn interest at the end of the month for his savings.

A minimum balance is sometimes required by the banks for a savings account, customers are expected to keep such minimum balance always if not, the account will be closed down.

5 0
3 years ago
How much do you need invested to live off dividends.
Alexxx [7]

Answer:

Usually right between 100,000 and 600,000.

5 0
3 years ago
Ralph Waters owns forested land. The Department of the Interior has declared that a small fruitfly on his property is an endange
inn [45]

Answer:

c. can challenge the determination in court.

Explanation:

Ralph owns a forested land which he most likely purchased for the purpose of cutting timber. If the Department of the Interior has declared that a small fruitfly on his property is an endangered species and prevented the harvesting of trees, he can challenge this in court.

This is because the land is private property and the determination by the Department of the Interior will make the land useless to Ralph. Also the government only has the ability to enforce such directives on public property.

3 0
3 years ago
At ABC Services, Inc., all employees share a common set of beliefs and values that influence their behavior. This refers to orga
pogonyaev

Answer:

Organizational Culture

Explanation:

Organizational Culture -

It refers to the beliefs , expectation , values , experiences offered or required by an organisation , is referred to as organizational culture .

Having common customs , beliefs and working culture , makes the working life of the employees easy and convenient in the organisation .

Hence , a good and proper organizational culture is very important to have a good organization .

Hence , from the given scenario of the question ,

The correct answer is Organizational Culture .

7 0
3 years ago
On October 1, 2020, Wenn Company purchased 800 of the $1,000 face value, 8% bonds of Loy, Inc., for $936,000, including accrued
NemiM [27]

Answer:

d. $896,000.

Explanation:

The computation of the carrying value of the bond is shown below:

The amount after excluding the interest part is

= $936,000 - $16,000

= $920,000

The premium amount is

= $920,000 - 800 × $1,000

= $920,000 - $800,000

= $120,000

Now the premium amortizaton is

= $120,000 × 15 ÷ 75

= $24,000

So, the carrying value is

= $920,000 - $24,000

= $896,000

hence, the correct option is d. $896,000

5 0
3 years ago
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