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anygoal [31]
3 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]3 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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A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads,
photoshop1234 [79]

Answer: MFP= 4.00±0.01

Explanation:

8 0
3 years ago
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Tee Time Golf Resort plans to use famous Kauri wood from New Zealand for parts of the interior of the magnificent clubhouse at i
LekaFEV [45]

Answer: C. it's a good time to buy the wood.

Explanation:

$500 = 738NZ dollars, therefore 738 NZ dollar ÷ $500 = 1.476NZ dollar

The current exchange rate is $1 = 1.476NZ dollar

10 foot slab costs $5000, Tee Golf Resort will pay $ 3387.53 ($5000/1.476NZ)

if they import wood from New Zealand. Tee Golf Resort will pay less than $5000 if they import Wood from New Zealand at the current exchange rate. This is a Good time for them to import woods

5 0
3 years ago
At Rolce Technologies, the core design team of 10 employees has daily "stand-up" meetings. All the core design team members gath
4vir4ik [10]

Answer: rituals

Explanation: Rites and rituals, which also include habits and ceremonies, together shape the culture of an organization. A ritual is a series of activities that involve actions, words and things, performed in a locked away position and executed in a fixed sequence.

For example, an employee can eat lunch in the shared lunchroom rather than their desk as a form of habit, or spend five minutes after each meeting debriefing the team about what they learned.

Hence from the above we can conclude that the correct option is D.

8 0
3 years ago
Lewelling Company issued 101,000 shares of its $1 par common stock to the Michael Morgan law firm as compensation for 4,100 hour
GenaCL600 [577]

Answer:

Paid in capital excess of par is $$309,000

Explanation:

<u>Journal Entries</u>

Debt: Legal services (4,100 hours × $100 per hour)  = $410,000

Credit: Common stock (101,000 shares × $1 par)  = $101,000

Credit: Paid-in capital - excess of par (Remainder)  = $309,000

To record the 101,000 shares compensated by 4,100 legal hours with $1 par value)

In the above transaction common stock issued in excess of par for legal services as compensation instead cash. Hence "legal services" have been debited as issuing company benefited for legal services. "Common stock" and "paid in capital in excess of par" has been credited as this issuing company issuing common stock.

Paid in capital excess of par is $$309,000

3 0
3 years ago
I need help please... :) Thank you so much
valina [46]

Answer:

gotta start off with how much i love your quackity pfp <3

Explanation:

1. I would suggest putting the education on your parents credit card. A student loan could be a livesaver in the moment, but if it can`t be paid off it will stick to you as future debt. This is especially hard to get rid of if you were having to take out a loan in the first place, because you don`t/didn`t have the money for it.

2. (this one im not as sure about so get a second opinion if you can) If the card was opened as a Target card, then it can only be used for the store assiciated with it. Also known as RedCard, Target cards are specifically for shopping and buying merchandise in that store or any corresponding locations.

Hope this helps ;-;

8 0
2 years ago
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