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galben [10]
3 years ago
12

Parents can reduce their taxes by:

Business
2 answers:
shusha [124]3 years ago
8 0

Parents can reduce their taxes by using a child care tax credit. The government gives parents tax credit for each child that they have. Unlike tax deduction and exemption, tax credit can be able to reduce more in the parents’ tax bill. Tax deduction just tries to lower the taxable income and not a reduction in other areas. 

Andru [333]3 years ago
7 0

Answer:Thank you Hagrid.

Explanation: I'm glad to call you a friend.

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In general, education is correlated to income
vodomira [7]

Answer:

the correct answer is variously.

5 0
3 years ago
The recording of business transactions is a basic part of financial reporting and is referred to as:.
Karo-lina-s [1.5K]

The recording of business transactions is a basic and fundamental component of financial reporting and is known as<u> bookkeeping.</u>

<h3>What is Bookkeeping?</h3>

Bookkeeping is the process of recording financial transactions.  It entails preparing reference papers for all company transactions, activities, and other occurrences.

The primary goal of bookkeeping is to maintain a comprehensive and precise record of all operations and transactions in a methodical, ordered, and logical way. This guarantees that the financial consequences of these activities are accounted for in the accounting books.

Learn more about Bookkeeping here:

brainly.com/question/25572872

4 0
2 years ago
A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique lo
Alborosie

A consumer products company competes around the world primarily by customizing or differentiating its products to meet unique local needs, tastes, or preferences. the company is using a multidomestic strategy.

A multidomestic strategy is an international marketing approach. This approach focuses more on advertising and commerical efforts rather than gaining the global support from consumers. They focus their product and adjust it to the country they're in rather than just globally at once.

3 0
3 years ago
Describe two major scandals that directly involved the grant administration.
Lesechka [4]
Black Friday where speculators with Grant tried to corner the gold market and the Whiskey ring which was a diversion of tax revenues between government, politicians, and whiskey distillers.
5 0
3 years ago
Note Payable (due Nov 1, 20X2) $ 2,000 Retained Earnings (Jan. 1, 20X1) $ 3,900 Revenues 55,600 Supplies 700 Supplies Expense 6,
kolbaska11 [484]

Answer:

Total current liabilities      13,800

Explanation:

Current Liabilities:

Obligation to pay or do within a year.

We are on Dec 31th 20X2 so anything due on Dec 31th 20X3 or before this date, will be current.

Note payable                   2,000 (due nov 1, 20X2)

Discount on NP                  (500)

Note payable net              1, 500

Unearned Revenues         9,200

(80% of the 11,500 will be provided during the  year)

Account Payable                1,600

Total current liabilities      13,800

the allowance for doubtful account is a contra-asset account not a liability account.

The equity is not part of the current liabilities.

the dividends were declared and paid, so there is no dividend payable.

5 0
3 years ago
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