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
BlackZzzverrR [31]
3 years ago
11

Olivia is single, 66 years old, and not blind. She paid all the cost of keeping up her home. She earned $55,000 in wages for 201

9.Olivia provided all the support for her two grandchildren who lived with her all year. Cora is 11 years old and Jack is 15 years old. She does not have enough deductions to itemize. Olivia, Cora, and Jack are all U.S. citizens with valid Social Security numbers. Basic Scenario 1: What is the amount of Olivia's standard deduction? a. $18,350 b. $20,000 c. $24,400 d. $25,700 2. The maximum amount of child tax credit that Olivia is able to claim per qualifying child for 2019 is:a. $500 b. $1,000 c. $1,400 d. $2,000
Business
1 answer:
olasank [31]3 years ago
7 0

Answer:

d. $2,000

Explanation:

MAGI section out starts at:

Married filing collectively – four hundred dollars

unmarried, head of family, married filing separately or qualifying widow(er) –  two hundred dollars.

Since the income earned with the aid of Olivia is $55000 for 2019 her MAGI may be below the restrict of $2 hundred,000. As a result, $2000 according to child tax credit is available for each Cora and Jack as each are qualifying infant for Olivia .

Maximum Child Tax credit for 2019 is $2000 for each child. The credit is difficulty to an income restriction. The earnings limit on child Tax credit score is primarily for your modified adjusted gross income (MAGI). In case your MAGI amount for 2019 drops between positive dollar limits, your credit is difficulty to a phase out (is decreased or removed).

You might be interested in
Suppose three companies, Optimax, Megachug, and Thirstoid, dominate the sports drink market. Optimax enjoys the largest market s
mario62 [17]

Answer:

Non-price competition

Explanation:

Non-price competition is when producers use other factors other than the price of their good or service to raise the demand for their product.

Optimax is trying to increase its market share by changing the container for its product. This is non price competition.

Price war is when producers lower the price of their goods in an attempt to increase the demand for their product.

Price leadership is when the dominant firm in an industry sets the market price.

I hope my answer helps you

4 0
3 years ago
You want to have $2.7 million when you retire in 37 years. You feel that you can save $600 per month until you retire. What APR
PilotLPTM [1.2K]

Answer:

9.87%

Explanation:

Calculation to determine What APR do you have to earn in order to achieve your goal

$2.7 million = $600{[(1 + r)444 − 1] / r}

r = .0082*100

r=.82%

r = .82% × 12

r = 9.87%

Therefore the APR you have to earn in order to achieve your goal is 9.87%

6 0
3 years ago
What did u learn about entrepreneurial activities​
natta225 [31]
Entrepreneurship is a quality that is very attractive to colleges. Admissions committees like to see that you can think outside the box, be creative, and make opportunities for yourself. It’s a skill that’s particularly relevant right now: Many products and services you use came from startups or from companies that began that way.
3 0
3 years ago
A nation that has a comparative advantage in producing a good or service compared to
NNADVOKAT [17]

Answer:

Opportunity cost

Explanation:

A country is said to have a comparative advantage in producing a good, if it has a lower opportunity cost of producing that good in comparison to the other country. For instance if the opportunity cost of producing Wheat in U.S is 2. While that in China is 1. It shows that China has a comparative advantage in producing wheat as compared to the U.S.

So a nation that has a comparative advantage in producing a good or service compared to the other nation can produce that good or service with a lower opportunity cost.

Efficiency, Profit and Resource cost are not directly related to comparative advantage. Although efficiency can contribute towards lower opportunity cost but it is not a scale used for international trade.

Thus, lower opportunity cost is the best alternative.

3 0
3 years ago
12. The interest tax shield is a key reason why: A. the required rate of return on assets rises when debt is added to the capita
MAXImum [283]

Answer:

C. the net cost of debt to a firm is generally less than the cost of equity.

Explanation:

7 0
3 years ago
Other questions:
  • An international firm considering foreign expansion should take into account that: a) the timing and scale of entry of foreign e
    5·1 answer
  • A supervisor in Department 156 is moving into the Department 251 as a manager. This is an example of _______ movement.
    6·1 answer
  • WILL GIVE BRAINLIEST !!!!!
    15·2 answers
  • Angie asks her grandmother over the phone, "do you like the color of my new shirt that i'm wearing now?" this is an example of
    11·1 answer
  • Gabrielle is due to give birth to a boy in march. before she became pregnant, gabrielle weighed 140 pounds, which was in the hea
    12·2 answers
  • Sunland Company incurs the following costs to produce 11400 units of a subcomponent: Direct materials $9576 Direct labor 12882 V
    5·1 answer
  • What are the foundation of the case for free trade?
    12·1 answer
  • Ralph buys a perpetuity due paying 500 annually. He deposits the payments into a savings account earning interest at an effectiv
    7·1 answer
  • Charging a lower price per unit for purchases of more units is called
    12·1 answer
  • How to find users you wanna add
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!