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blagie [28]
3 years ago
7

Trey has two dependents, his daughters, ages 14 and 17, at year-end (2018). Trey files a joint return with his wife.What amount

of child credit will Trey be able to claim for his daughters under each of the following alternative situations?(a) His AGI is $103,300.(b) His AGI is $426,200.(c) His AGI is $428,900, and his daughters are ages 10 and 12.
Business
1 answer:
Ipatiy [6.2K]3 years ago
6 0

Answer:

(a) His AGI is $103,300.

$2,000 since only one of your daughters qualifies for the child tax credit (must be under 17 at year end).

(b) His AGI is $426,200.

$2,000 - (27 x $50) = $2,000 - $1,350 = $650

For 2018, the income threshold to qualify for the child tax credit increased to $400,000, and it starts to fade away up to $440,000. It phases out $50 per each $1,000 of additional AGI.

(c) His AGI is $428,900, and his daughters are ages 10 and 12.

($2,000 x 2 children) - (29 x $50 x 2 children) = $4,000 - $2,900 = $1,100

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Your company's health insurance plan costs $585 per employee per month. There are 64 employees. Another health insurance company
Novay_Z [31]

Answer:

$44, 928

Explanation:

There are 64 employees in the company.

each employee costs $585 per month.

The total cost for all 64 employees per month will be

=64 x $585

=$37,440

The annual expenditure of employees insurance

= Monthly costs  x 12

=$37,440 x 12

=$449,280

A 10 percent savings will be

=10/100 x $449,280

=$44, 928

5 0
3 years ago
John Maynard Keynes recommends active fiscal and monetary policy, so that the government can stimulate the economy when necessar
irinina [24]

Result of active fiscal policy : there may be stimulation of the economy in the short run, but there will be harmful effects to the economy in the long run.

Explanation:

Active fiscal policy implies that Congress and the President are actively attempting to shift the trajectory of the economy by adjustments in taxes and/or government expenditure.

In an open market, monetary policy often influences the rate of exchange and trade balance.

Moreover, in the long term, the development of international debt, which stems from large government expenditures, can lead investors to mistrust US assets which may trigger the exchange rate to fall.

5 0
3 years ago
Dream House Builders, Inc. applies overhead by linking it to direct labor. At the start of the current period, management predic
Musya8 [376]

Answer:

Date                     Account Title                                         Debit             Credit

January 31          Work in Process                                   $540

                            Factory Overhead                                                        $540

Explanation:

Overhead is applies by linking it to direct labor.

Overhead is $20,000 when Direct labor is $100,000.

= 20,000 / 100,000

= 20%

The overhead for this job must therefore be:

= 20% * 2,700

= $540

7 0
2 years ago
? Question
Vikki [24]

Answer:

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Explanation:

4 0
2 years ago
What should you do to elicit the most useful data in your interviews? Ask primarily yes-or-no questions. Ask leading and ambiguo
grin007 [14]

Answer:

Make your questions objective and friendly.

Explanation:

An interview is an essential step in the process of selecting a candidate to fill a position in a company.

Through the interview, verbal and non-verbal data are collected that will help in the relationship between the profile of the interviewed candidate and the profile expected to fill the vacancy.

It is important that the interviewer uses some techniques to make the interview flow effectively, the first of which is to maintain a friendly posture, as it is common for candidates for an interview to feel intimidated or anxious due to the selection process.

It is also essential that the questions are objective and honest, so that there is a correct understanding and the candidate can answer correctly and effectively.

And the interview should be a step that does not cause intimidation and lack of ethics on both sides, it is ideal that the candidate feels motivated to ask relevant questions to answer their doubts, and that the interviewer conducts the interview schedule in an effective way.

5 0
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