Answer:
The correct answer is letter "A": Must be calculated on earned income as well as adjusted gross income in some cases.
Explanation:
The Earned Income Credit is a refund the government issues to taxpayers in case their earned income or Adjusted Gross Income (AGI) is lower than the amount of taxes they need to pay. The maximum earned income to qualify for an earned income credit also depends on the number of children in the household, and if the file return is submitted jointly.
1) Partnership. Nick Selver and Rita Andrew began the company as a partnership.
2) partners: This word best describes the interest-holding people in a partnership
3) Incorporate: This word best describes converting the partnership to a corporation in order to democratize ownership of the company and sell stock publicly
4) Stock Market: This is the market in which shares of a public company are traded on the open market.
Answer:
B. The owner's drawing account is closed to the Income Summary account
Explanation:
Answer:
the picture attached is the main question while the solution is given in the explanation box below
Explanation:
a)
2017 = Loss = 25000 * 8 * [0.42-0.50] = 16000
2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000
b)
2017 = gain = 25000 * 8 * [0.48-0.42] = 12000
c)
2017 = Loss = 25000 * 8 * [0.48 - 0.50] = 4000
2018 = Gain = 25000 * 8 * [0.50-0.43] = 14000
Solution:
Slope = y2 - y1 / x2 -x1
slope = 81 - 111 / $2.00 - $1.25
slope = -30/$0.75
So every $0.75 increase causes a decrease of 30 sales.
So the rise over run or slope of the line is -30/0.75 = -40/1
Start forming the equation:
y = mx + b
y = -40x + b
Substitute one of the points to find the y-intercept:
81 = -40(2) + b
Isolate for the y-intercept:
b = 161
So,
y = -40x + 161
