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swat32
3 years ago
14

John supports Kevin, his cousin, who lived with him throughout 2019. John also supports three other individuals who do not live

with him: Donna, who is John's mother Melissa, who John's stepsister Morris, who is John's cousin Assume that Donna, Melissa, Morris, and Kevin each earn less than $4,200. How many dependents can John claim?
Business
1 answer:
sergij07 [2.7K]3 years ago
5 0

Answer:

John can claim 3 dependents.

Explanation:

John can claim three dependents. First is for Kevin, who stays with him. Second is Donna, who is John's mother and third Melissa, his stepsister. Morris is John's cousin and he cannot be claimed as a dependent because he doesn't stay with John at his place. A cousin is also not qualified for tax purposes and in case he wants to claimed as a dependent he needs to live with the taxpayer. Kevin in this case stayed with John in 2019. So, he is eligible to be claimed as a dependent.

Thus, total three dependents can be claimed by John.

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Answer:

Option B, lower interest rates and increase the equilibrium GDP.

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Option B is correct because the increase in the money supply will reduce the interest rate and increase the real GDP or output on the country because the rise in the money supply will results in more money in the hand of people. Therefore, more investment and production will be done in the economy. Thus, a rise in the production of output in the economy will result in the rise of GDP

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3 years ago
A company purchased 10 units for $5 on January 3. It purchased 10 units for $7 each on February 28. It sold 10 units on March 1.
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Answer:

The dollar amount for ending inventory using the last-in-first-out method of inventory valuation is $50

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3 years ago
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Answer:

Yes, I agree.

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2.Political: Government rules and regulations have an impact on businesses because, not adhering to them could lead to sanctions and even closure of the business. Managers must ensure that they heed to and comply with governmental instructions, such as tax payment.

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