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
Marysya12 [62]
3 years ago
8

Judy, looks after Kaelyn's four-year-old twins so Kaelyn can go to work (she drops off and picks up the twins from Judy's home e

very day). Since Judy is a relative, Kaelyn made sure, for tax purposes, to pay her mother the going rate for child care ($6,360 for the year). What is the amount of Kaelyn's child and dependent care credit if her AGI for the year was $36,60
Business
1 answer:
MrRissso [65]3 years ago
4 0

Answer:

$1,440

Explanation:

Judy is not a dependent relative of Kaelyn, therefore the expenditures are qualified up to $6,000 (for two qualifying persons).

Thus the applicable percentage is 24%.

($6,000×24%)

=$1,440 allowable credit

Therefore the amount of Kaelyn's child and dependent care credit if her AGI for the year was $36,600 will be $1,440

You might be interested in
What is socio economic issues?
VladimirAG [237]
The social science that studies how economic<span> activity affects and is shaped by social processes. </span>
3 0
3 years ago
Read 2 more answers
In June 1985, Joseph Marcantuone and Robert Gieson purchased property located in East Orange, New Jersey. At the time of purchas
sattari [20]

Answer:

The answer would be All of the above.

Explanation:

All the above mentioned parties are related with discharge of the chemical and are liable to get the clean up done. Marcantuone and Gieson are liable as they are the owners, Lessees of the dry cleaning establishment are liable as they are the ones who operated on the effected land and Previous owners under whose ownership the lessees had taken the land on lease for a dry cleaning property.

All the parties are liable for the clean up as well as the damage occured post the clean up as well as per the law.

6 0
3 years ago
The December 31, 2009, balance sheet of Anna’s Tennis Shop, Inc., showed current assets of $2,584 and current liabilities of $1,
Igoryamba

Answer: ($203)

Explanation:

The company’s 2010 change in net working capital will be calculated thus:

Net working capital = current assets - current liabilities

For 2009, net working capital will be:

= $2,584 - $1,191

= $1393.

For 2010, net working capital will be:

= $2,644 - $1,048

= $1596

Change in net working capital will be:

= $1393 - $1596

= ($203)

6 0
3 years ago
In an international transaction involving a bank as a third party, the exporter ships the product after:
nataly862011 [7]

Answer: the bank promises to pay on the importer’s behalf

Explanation:

8 0
2 years ago
An effective minimum wagea. imposes a price ceiling on the wages of various categories of low-skill workers.b. increases the dem
Strike441 [17]

Answer:

d. increases the earnings of some low-skill workers while reducing the employment and training opportunities available to others.

Explanation:

Minimum wage is a form of price floor. It is the lowest amount that should be paid to labour for their services rendered. It is usually set by the government or an agency of government.

Minimum wage causes supply of Labour to exceed demand for Labour. Firms would demand less of Labour because of higher cost of Labour. Decreased demand for Labour would increase unemployment.

Minimum wage isn't a price ceiling but a price floor.

Minimum wage increases the income of Labour.

5 0
3 years ago
Other questions:
  • Samson and Sons purchased a 6-month insurance policy for $1,200 which covers the months July through December. Initially the ent
    5·1 answer
  • Corporate profits are found by A. summing corporate income taxes, dividends, and undistributed corporate profits. B. adding corp
    7·1 answer
  • You are the boat operator. when are you required to assist anyone injured in an accident?
    12·1 answer
  • When the internet really took off, much of the internet’s operating infrastructure transitioned to be supported by government gr
    15·1 answer
  • You have a small business that makes $50,000 accounting and economic profit for you. As a disabled person, you must work at home
    13·1 answer
  • ________ pricing occurs when a seller states prices or price savings that mislead consumers or are not actually available to con
    10·1 answer
  • Your brother is starting 9th grade next year and is thinking about going to college. What steps would you recommend he take
    11·2 answers
  • Which of the below factor into the price of a company's stock?
    10·1 answer
  • Which theory would most likely explain why a commercial bank, which usually focuses on short-term securities, would switch to lo
    14·1 answer
  • Why would a farmer be better off asking for a grant than a loan reasons​
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!