1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
galina1969 [7]
3 years ago
9

What is the maximum age a taxpayer with no qualifying children may be at the end of the year and still qualify for the earned in

come credit? g
Business
1 answer:
MatroZZZ [7]3 years ago
8 0

Answer:

The correct answer is: 65 years old.

Explanation:

The Earned Income Tax Credit (<em>EITC</em>) is provided to people with low income. The amount of that income and the number of people within their household will determine the amount of the tax credit. People with no children can also be eligible for the credit until they are 65 years old by the end of the tax period.

You might be interested in
Your team is consulting with a local manufacturing company that has 1,200 employees and is the third largest employer in the are
Vedmedyk [2.9K]

Answer:

how do you want me to answer this telll me how and i will answer it full as best to my ability

Explanation:

8 0
3 years ago
g At the beginning of the month, the Forming Department of Martin Manufacturing had 22,000 units in inventory, 30% complete as t
Liula [17]

Answer:

62,000 units

Explanation:

Calculation to determine how many units did the Forming Department start and complete in the current month

Total units completed and transferred 84,000 units

Less Inventory at the beginning of this month 22,000 units

Units Forming Department started and completed in the current month 62,000 units

(84,000 units-22,000 units)

Therefore The number of units that the Forming Department started and completed in the current month is 62,000 units

7 0
3 years ago
In the Month of March, Digby received orders of 104 units at a price of $15.00 for their product Dell. Digby uses the accrual me
Ilia_Sergeevich [38]

Answer:

$1,560 and $0

Explanation:

According to the accrual method of accounting, the revenue should be recognized when it is realized or when the sale is made not when the cash is received

Since Digby delivers 104 units in April

So for the March income statement, the amount is

= 104 units × $15

= $1,560

And, for the April income statement, it would be zero as the total units order received in March only

6 0
3 years ago
Tunneling Inc. fixed costs are at $100,000. The company has sales of 10,000 units with a price of $84 and variable cost per unit
zubka84 [21]

Answer:

Tunneling Inc.

Degree of operating leverage

= Contribution Margin divided by Operating Income

= $440,000/$290,000 = 1.52

Explanation:

(a) Data and Calculations:

Sales Revenue =   $840,000 (10,000 x $84)

Variable cost =           $400,000 (10,000 x $40)

Contribution =            $440,000

Fixed costs =              $100,000

Depreciation =             $50,000

Operating Income = $290,000

Tax (21%)                    ($60,900)

Net Income =             $229,100

(b) The degree of operating leverage for Tunneling Inc. is 1.52.  It shows the financial impact of a change in sales revenue on Tunneling Inc.'s earnings.  Analysts usually work this ratio out to determine this important effect.

4 0
3 years ago
If the 3 employees are paid an additional $4/hour for any extra hours they work, they will be motivated to maintain their produc
amm1812

Answer:

The answer is "16 hours"

Explanation:

The 3 workers were paid an extra fee.

\frac{\$4}{hour} \\\\3 \times 4= 12 \ productivity \\\\

Their output rate will be sustained after the 4^{th}hour,

= 12 + 4 \\\\= 16 \ hours

4 0
3 years ago
Other questions:
  • ________ is defined as a business firm's intention, beyond its legal and economic obligations, to do the right things and act in
    14·1 answer
  • McGregor allows customers to pay with credit cards. the credit card company charges 3% of the sale. when a customer uses a credi
    12·1 answer
  • Most successful firms have a clearly-defined, well-written marketing plan that specifies the marketing activities to be performe
    10·1 answer
  • After being referred by a friend, Hedyeh attended a job interview. She didn’t feel it went well, but she was surprised when her
    15·1 answer
  • Compare and contrast eukaryotic and prokaryotic cells
    15·1 answer
  • One project has three cash flows: att0, the initial investment cost is $150; att1, theproject pays $121; att2, the project needs
    8·1 answer
  • Appliance Apps has the following costs associated with its production and sale of devices that allow appliances to receive comma
    12·1 answer
  • 2) Company issues
    13·1 answer
  • A company opts not to purchase more resources, since additional output will not increase their revenue. Which BEST
    10·1 answer
  • Hunter owns an app development firm. Though the company started small, the business has grown substantially with more people and
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!