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mel-nik [20]
3 years ago
5

Jeffery and Cassie, who are married with modified AGI of $90,000, are sending their son to his first year of college. Their tota

l tuition and related payments during 2019 amounted to $5,500. Theyhave not taken advantage of any other type of tax benefit related to educational expenses. Their American Opportunity Tax Credit for 2019 isA. $5,000.
B. $2,500.
C. $2,000.
D. $1,500.
Business
1 answer:
Nezavi [6.7K]3 years ago
3 0

Answer: B. $2,500

Explanation:

The American opportunity tax credit (AOTC) is a tax credit benefit for parents and Guardians to paying tuition on Qualified students.

A maximum of $2,500 in credit can be acquired per eligible student and to qualify for this maximum, a married couple filing together must have a Modified Adjusted Gross Income (MAGI) of less than $160,000.

With a modified AGI of $90,000, Jeffery and Cassie are below the threshold and qualify for the full figure.

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This is a text message that is stored on a user's computer by a Web server that helps trace the user's browsing habits.a) Script
Alisiya [41]

Answer:

b) Cookie

Explanation:

Cookie refers to small information stored by web server in the computer whether for temporary purpose or for permanent in the hardware, it creates the preference based on information stored.

That is whenever the information is stored by the web server which helps in tracing the preference, of the user in future for any activity, is known as cookie.

Thus, correct option is

b) Cookie

4 0
3 years ago
When you take your first job, you decide to start saving right away for your retirement. You put $5,000 per year into a saving p
mafiozo [28]

Answer:

FV= $857,840.94

Explanation:

Giving the following information:

First investment:

Annual deposit= $5,000 per year

Interest rate= 10%

Number of years= 5

Second investment:

Number of years= 35

Interest rate= 10%

Lumpsum= first investment

First, we need to calculate the future value of the first investment. We will use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

FV= {5,000*[(1.1^5) - 1]} / 0.10

FV= $30,525.5

Now, the future value of the second investment.

FV= PV*(1+i)^n

FV= 30,525.5*(1.1^35)

FV= $857,840.94

7 0
3 years ago
Bobby decides to sell lemonade on a hot summer day. If Bobby sells 25 glasses of lemonade for $5.00 per cup, and his average tot
bulgar [2K]

Answer:

$ 120.60

Explanation:

25 glasses * $ 5/ glass = 125 dollars gross income

income - expense = profit

125 - 4.40 = 120.60 profit

5 0
2 years ago
If you were to design a range of athletic shoes for various sports activities, what key factors would you consider during the de
vichka [17]

Answer:

Key factors:

Customers

Quality of shoes

Brand (trained with a pro before or used by a pro)

modeling expenses

Explanation:

8 0
3 years ago
A semi-conductor company has established a plant overseas in south africa where the power grid is somewhat unreliable. the plant
alisha [4.7K]
The answer is "<span>economic risks".
</span><span><span>
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<span>Economic risk</span><span> is the possibility that macroeconomic conditions like trade rates, government direction, or political security will influence a venture, typically one in a remote nation. Beside the business hazard related with making the plant profitable, the semi-conductor company is open to economic risk.</span></span>
4 0
3 years ago
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