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hammer [34]
3 years ago
15

Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her fre

shman year at State University during Fall 2018, and Arethia is beginning her senior year at Northeast University during Fall 2018 after having completed her junior year during the spring of that year. Both Devona and Arethia are claimed as dependents on their parents' tax return.
Devona's qualifying tuition expenses and fees total $4,000 for the fall semester, while Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2018. Full payment is made for the tuition and related expenses for both children during each semester. The American Opportunity credit available to Jermaine and Kesha for 2018 is:
a. $5,000.
b. $6,000.
c. $3,000.
d. $2,500.
Business
1 answer:
mash [69]3 years ago
3 0

Answer:

A) $5,000

Explanation:

Jermaine and Kesha can claim an American Opportunity (AO) credit for both of their daughters, Devona and Arethia.

Devona's AO credit is $2,500 (100% of  the initial $2,000 qualifying expenses and 25% of the next $2,000 qualifying expenses).

Arethia's AO credit is the same as Devona's, $2,500.

The total American Opportunity credit claimed is $5,000 ($2,500 + $2,500)

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Answer:

Investment worth now = 3,726 dollars

Explanation:

This is simple question which can easily be understood with the help of following calculations.

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Value increase by 15%= C*1.15 = 3726

In this way by applying rate to last determine value we can get current investment worth.

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3 years ago
The following U.S. Treasury bond is listed in the The Wall Street Journal: Rate Mo/Yr Bid Asked 9.50 Oct 38 135:30 136:04 This $
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Answer:

6.35%

Explanation:

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8 0
3 years ago
North Dakota Corporation began operations in January 2020 and purchased a machine for $27,000. North Dakota uses straight-line d
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Answer and Explanation:

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The purpose is defined as planning or intending to do something. An example of purpose is a person who has decided to save his 10% of his income. object to reach. target; target; target. Desired Outcome; Intent.

Your life purpose is made up of your central motivational goal in life, the reason you wake up in the morning. Purpose can guide life choices, influence behavior, shape goals, provide direction, and create meaning. For some, the purpose is tied to vocation, meaningful and rewarding work. Think about it: A sense of purpose tends to increase optimism, resilience, and hope. Experience joy, happiness, and contentment more often. better physical health.

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3 0
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8 0
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