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Olenka [21]
3 years ago
12

Tamara is 52 years old and her divorce became final on September 20, 2014 and has not been modified. The divorce decree stipulat

es she is required to pay alimony of $500 a month to her ex-husband. She paid him a total of $6,000 in 2019. • Tamara pays all the cost of keeping up her home in the United States. She earned $40,500 in wages in 2019, her only income. • Tamara's daughter. Kimberly, lived with Tamara all vear. Kimberly is 18 vears old, single and earned $8.000 in wages • Kimberly's son. Christian. was born on December 2, 2019. Christian lived in Tamara's home all year. • Tamara provides more than half of the support for both Kimberly and Christian. • Tamara, Kimberly, and Christian are all U.S. citizens with valid Social Security numbers. 1. Tamara and her ex-husband's divorce was final before December 31, 2018. How does this affect their 2019 tax returns? A. Tamara is not eligible to deduct alimony paid as an adjustment to income. Her ex-husband is not required to report alimony received as income. OB. Tamara is not eligible to deduct alimony paid as an adjustment to income. Her ex-husband is required to report alimony received as income. C. Tamara is allowed to deduct alimony paid as an adjustment to income. Her ex-husband is not required to report alimony received as income OD. Tamara is allowed to deduct the alimony paid as an adjustment to income. Her ex-husband is required to include the alimony received as income. 2. What is the most beneficial filing status allowable for Tamara? A. Married Filing Separately B. Married Filing Jointly OC. Head of Household OD. Single 3. Who can Tamara claim as a qualifying child(ren) for the earned income credit? A. Tamara has no qualifying children. OB. Tamara can claim Christian, but not Kimberly. OC. Tamara can claim Kimberly, but not Christian. OD. Tamara can claim both Kimberly and Christian.

Business
1 answer:
never [62]3 years ago
8 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Answer:

Part 1.  inelastic.

Part 2. inelastic.

Part 3. inelastic.

Explanation:

When the coefficient of elasticity of demand is less than 1, demand is inelastic, when it is equal to 1, demand is unitary elastic, when it is greater than 1, demand is elastic, and when it is equal to zero demand is perfectly inelastic.

Part 1

Price Elasticity of demand =  (dQ/dP) x P/Q

  Where : dQ = Change in Quantity

               dP = Change in Price

                 P = Initial or Old price

                 Q = Initial of Old Quantity

               dQ = $35,000 - $40,000 = - $5,000

                dP = $10 - $8 = $2

                  P = $8  

                  Q = $40,000  

Price Elasticity of demand = (-$5,000/$2) * $8/ $40,000

                       = 2,500 * 1/5000 = -0.5

Disregard the minus sign,  since elasticity of demand is less than 1, demand is inelastic.

Part 2

Price Elasticity of demand =  (dQ/dP) x P/Q

                dQ = $1,800 - $2,000 = - $200

                dP = $50 - $40  = $10

                  P = $40

                  Q = $2,000  

Price Elasticity of demand = (-$200/$10) * $40/ $2,000

                       = 20 * 0.02 = -0.4

Disregard the minus sign,  since elasticity of demand is less than 1, demand is inelastic.

Part 3

Price Elasticity of demand =  (dQ/dP) x P/Q

                dQ = $120 - $150 = - $30

                dP = $5 - $4  = $1

                  P = $4

                  Q = $150

Price Elasticity of demand = (-$30/$1) * $4/ $150

                       = 30 * 2/75 = - 0.8

Disregard the minus sign  since elasticity of demand is less than 1, demand is inelastic.

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3 years ago
XYZ Corporation uses the FIFO method in its process costing system. The Assembly Department started the month with 1,000 units i
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Answer: 61,200 units

Explanation:

Using the FIFO method:

= Equivalent units for beginning WIP + Units started and finished + EUP Ending WIP

Units started and finished = 65,000 additional units - 10,000 closing WIP

= 55,000 units

80% of the beginning WIP had been completed in the previous month so only 20% remains.

EUP Conversion = (1,000 * 20%) + 55,000 + (10,000 * 60%)

= 61,200 units

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What policy is a way the SEC protects investors
FinnZ [79.3K]
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3 years ago
What makes increased government spending an effective tool for increasing demand?
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Answer:

The increased government spending generates people to have an increase in funds available which will allow them to increase their consumption and liek that the demand increases.

Explanation:

If there is an increase in government spending, this will cause people to have more funds available, for example, it can cause the unemployed people to find jobs which will allow them to have more money to spend. Because of that, the demand for products and services will increase which can produce growth in the short term.

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3 years ago
A 10% increase in cigarette prices has been found to result in a _____ decrease of smokers.
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<span>The correct answer is B - a 10% increase in cigarette prices has been found to result in a 4% decrease in smokers. This is just the figure for the overall nation though, for young people the figure is higher, and for children higher still.</span>
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3 years ago
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