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anygoal [31]
4 years ago
11

David and Lilly Fernandez have determined their tax liability on their joint tax return to be $1,700. They have made prepayments

of $1,500 and also have a child tax credit of $2,000, of which $1,400 is refundable.What is the amount of their tax refund or taxes due?
Business
1 answer:
Snowcat [4.5K]4 years ago
3 0

Answer:

-$1,800

Explanation:

Given that

Tax liability = $1,700

Prepayment made = $1,500

Child tax credit = $2,000

The computation of tax refund is given below:-

= Tax liability - (Prepayment made + Child tax credit)

= $1,700 - ($1,500 + $2,000)

= $1700 - $3500

= -$1,800

Therefore, from the above calculation simply we subtract tax liability from prepayment and child tax credit.

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Cash dividends of $45,000 were declared during the year. Cash dividends payable were $10,000 at the beginning of the year and $1
gogolik [260]

Answer:

The amount of cash for the payment of dividends during the year is B. $40,000

Explanation:

To Determine the amount of cash for the payment of dividends during the year, we open a Dividends Payable T - Account and find the amount via <em>missing figure approach</em> as follows:

Debits :

Cash (<em>Balancing figure</em>)                          $40,000

Ending of year Dividends Payable          $15,000

Totals                                                        $55,000

Credits :

Beginning of year Dividends Payable    $10,000

Dividends declared during the year      $45,000

Totals                                                        $55,000

4 0
4 years ago
In an open economy, national saving equals domestic investment____________________?
eimsori [14]

Answer:

A. plus the net outflow of capital abroad.

Explanation:

National saving of any nation is derived from the people´s savings from the total earning after paying for all nessesities, taxes and government purchase. We can further include net export to the total saving, which is export minus import. We know value of net exports must be equal to the value of net capital outflow. Thus, national saving equals domestic investment and the net outflow of capital abroad.

  S= Y-C-G+NX

Where S = saving, Y= Income, C= current consumption, G= Governement purchase, NX= Net export.

         

7 0
3 years ago
Specifying a goal value allows Google Analytics to calculate _______ Revenue per Click Bounce Rate Ecommerce Revenue Average Ord
mario62 [17]

Answer:

The correct answer is Revenue per click.

Explanation:

Cost-per-click (CPC) also known as pay-per-click (PPC) is a traffic acquisition model widely used for certain marketing objectives. In the CPC model, the advertiser does not pay based on the audience that sees an advertisement, but rather on the basis of the user who responds to the advertisement, clicking and expressing his interest in visiting the advertiser's website to learn more.

4 0
4 years ago
Does democracy require equality of income or wealth? discuss why democracy might make a country more or less egalitarian?.
Stella [2.4K]

No, democracy DOES NOT require equality of income or wealth.

<h3>What is Democracy?</h3>

This refers to the political system where power belongs to the people and the people elect their leaders.

Hence, we can see that in a country that practices democracy, there is little influence of this political system to make the society more or less egalitarian (equality) and this is because the people have to make their own choice, irrespective of income or wealth.

Read more about democracy here:

brainly.com/question/3710021

#SPJ1

5 0
2 years ago
What is the difference between patronage and the merit principle?
alexdok [17]
Patronage principle based its hiring and promotion system on political reasons while the merit principle employed the idea that hiring should be based on entrance examination and promotion. One of the major disadvantage of the patronage principle is that, it may end up employing people who are not qualify for the job. Merit principle choose based on qualifications. 
5 0
4 years ago
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