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pentagon [3]
3 years ago
13

Consider two of the income security programs in the United States: Temporary Assistance for Needy Families (TANF) and the Earned

Income Tax Credit (EITC). a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be . b. The EITC provides greater benefits as low-income workers earn more income (up to a point). True or False: This feature of EITC will decrease the labor supply of low-income workers. a. True b. False
Business
1 answer:
Harrizon [31]3 years ago
4 0

Answer:

a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be <u>LOWE</u>R. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.

b. The EITC provides greater benefits as low-income workers earn more income (up to a point).

<u>True</u>

This feature of EITC will decrease the labor supply of low-income workers. <u>b. False</u>

Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.

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Patricia is the owner of a floral shop. a successful global candle company approached her about selling its products in her shop
Tema [17]
What could mean above is that the events that is happening to Patricia's life is an opportunity. It is an opportunity for it enables a person to do the things he or she wants with the circumstances that has been given to him or her. It could be described in the scenario above as a global company approach her into selling her products to their shop in which it could make her reach the goal that she has always wanted.
5 0
2 years ago
In the process of reconciling its bank statement for January, Maxi's Clothing's accountant compiles the following information:
Troyanec [42]

Answer:

$4,469

Explanation:

Calculation for what The adjusted cash balance per the books on January 31 is

Using this formula

Adjusted cash balance = cash balance per books -bank service charges - EFT automatically deducted - NSF Check

Let plug in the formula

Adjusted cash balance= $5325 - $31 -$500 -$325

Adjusted cash balance= $4,469

Therefore The adjusted cash balance per the books on January 31 is $4,469

5 0
2 years ago
Entrepreneurship is the component of human resources that performs the functions of​ organizing, managing, and assembling the ot
MArishka [77]

Answer: True

Explanation: Entrepreneurship is the ability to create and run a business venture with the aim of generating a profit. This comes in the form of starting new businesses. It takes into account planning, organising, managing an assembling the 4 factors of production, and using these factors to create a product or service that customers can buy, in exchange for money. The four factors of production are: land, labour, natural resources and capital. It is important to note that although entrepreneurs aim to make a profit, they can also bear risks that can affect their business ventures and thus the profit that they make.

5 0
3 years ago
Read 2 more answers
Hitzu Co. sold a copier (that costs $7,500) for $15,000 cash with a two-year parts warranty to a customer on August 16 of Year 1
worty [1.4K]

Answer:

1.Warranty expense

$ 750

2.Estimated warranty liability

$ 750

3. Warranty Expense $ 0

4.

Estimated warranty liability

$ 626

5. Hitzu Co. Journal entries

Aug 16

Dr Cash 15,000

Cr Sales 15,000

Aug 16

Dr Cost of goods sold 7500

Cr Merchandise inventory 7500

Dec 31

Dr Warranty expense 750

Cr Estimated Warranty liability 750

Dec 31

Dr Estimated warranty liability 124

Cr Repair part inventory 124

Explanation:

1.

Warranty expense 5% of dollar sales

= 5% × $15,000 = $750.

2.

The December 31, 2017, balance of the liability equals the expense because no repairs are provided in 2017. Therefore, the ending balance of the Estimated Warranty Liability account is $750.

3.

The company should report no additional warranty expense in 2018 for this copier.

4.

The December 31, 2018, balance of the Estimated Warranty Liability account equals the 2016 beginning balance minus the costs incurred in 2018to repair the copier:

Beginning 2016 balance $ 750

Less parts cost (124)

Ending 2018 balance $626

4 0
3 years ago
An increase in the real wage rate ________ the quantity of labor demanded, ______ the quantity of labor supplied, and when the l
svlad2 [7]

An increase in the real wage rate decreases the quantity of labor demanded, increases the quantity of labor supplied, and when the labor market is in equilibrium, equates demand and supply of labor.

<h3>What is real wage rate?</h3>

Real Wage Rate in economics refers to the result obtained by dividing the nominal wage rate by the prices of goods.

It is used as a more accurate measure of how much the spending power and is also an indicator of the standard of living of workers.

Learn more about real wage rate at:
brainly.com/question/6342231

7 0
2 years ago
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