Answer:
The Franklins can claim a recovery rebate credit of $__1,200______ for Cristina on their 2020 tax return.
Explanation:
The CARES Act provided economic relief payments, called "Economic Impact Payments" or stimulus payments, valued at $1,200 per eligible adult, based on household adjusted gross income (AGI), plus $500 for each additional qualifying dependent under 17 years of age. According to the Act, these payments will continue through Dec. 31, 2020, and the Franklins will not be able to claim a recovery if Cristina is above 17 years. The amount can still be claimed by all eligible taxpayers in 2021 when filing their 2020 tax returns.
1) You can get to know what career suits you the most
2) Know about the relevant options you can go for
3) Know what career suits your qualifications
4) Benefits and pros and cons
Answer:
$836
Explanation:
market interest rate = 7%
in order to determine the current price of the bond we must add the present value of face value + coupon payments:
PV of face value = $1,000 / (1 + 7%)⁵ = $712.99
PV of coupon payments = $30 x 4.1002 (PV annuity factor, 7%, 5 periods) = $123.01
current market price = $712.99 + $123.01 = $836
It’s the value of the next best alternative when a decision is made, so not the first desired choice, but the second one
Answer and Explanation:
In order to close the inflationary gap, the government should have to reduce the spending
The multiplier is
= 1 ÷ MPS
= 1 ÷ (1 ÷ 5)
= 5
Now the government spending would be reduced by
= $200 billion ÷ 5
= $40 billion