The maximum AOTC that can be claimed by Andre’s parents is $2,500.
American Opportunity Tax Credit means a tax credit on education expenses which are incurred within first four years of a student’s higher education.
- The full tax credit is allowed when modified adjusted gross income is $160,000 or less.
- 100% of first $2000 spent on education expenses and 25% of next $2000 of qualifying education expenses.
Maximum AOTC = $ 2000 + (0.25 × $2000)
Maximum AOTC = $2000 + $ 500
Maximum AOTC = $2500
Therefore, the maximum AOTC that can be claimed by Andre’s parents is $2,500.
Read more about adjusted gross income
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Answer:
The automotive company has run into bribery and corruption, one of the most common ethical challenges businesses faced today as they expand internationally.
Explanation:
As with the given scenario above, this company had three potential countries in which to expand their business of building a factory. These countries asked for an amount of extra kickbacks in exchange for helping the company run their business with ease.
However, in the business world, <em>kickbacks</em> are considered an illegal form of payment (or bribe) that one may gave as a compensation to an individual or organization with a considerable superiority and great influence in exchange for an improper advantageous treatment or service.
Such misappropriation of money violates the state or federal laws, which makes it a form of corruption.
Now, the automotive company from the given scenario had faced a dilemma whether to accept the bribe or not. It's a challenge for them as their decision might positively or negatively affect their business expansion.
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Answer:
Expl one year. To reorder, there is a fixed cost of $36, plus $11 for each storage device.anaMinimizing Inventory. An electronics store sells 100 digital storage devices per year. It costs $18 to store one storage device for one year. To reorder, there is a fixed cost of $36,tion: