The American possibility credit score is especially for undergraduate university college students and their parents. you can claim the credit for your taxes for most of four years. Your mother and father will claim the credit in the event that they paid on your training charges, and you're indexed as a depending on their go back.
The American Opportunity Tax credit score is a tax credit to help pay for schooling charges paid for the first 4 years of training completed after excessive faculty. you may get a most annual credit of $2,500 in keeping with eligible pupils and 40% or $1,000 might be refunded if you owe no tax.
The eligible for AOTC, the student ought to: Be pursuing a diploma or different diagnosed schooling credential. Be enrolled at least 1/2 time for at least one educational duration* beginning within the tax year. no longer have completed the primary 4 years of higher schooling at the start of the tax.
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Answer:
C. protected property rights; were extractive and authoritarian
Explanation:
Based on the work of Acemoglu, Johnson and Robinson there were different types of colonization policies which created different sets of institutions. These authors argued that the colonization path was strongly influenced by feasibility of settlements. On the one hand, tropical places where diseases were more likely and affected Europeans the most, settlers formed extractive institutions. These institutions were not designed to protect private property or provide checks and balances against government expropriation. Their main objective was to transfer as much of the resources of the colony to the colonizer. On the other hand, where climates were more moderate, settlers seek to replicate European institutions, emphasizing private property and checks and balances against government power.
Answer:
Explanation:
Income/ (loss) for the year = Equity balance at the end +dividend paid- equity balance at the beginning
=$67,000+22,000-$60,000
=$29,000
Since no additional common stock was issued during the year, $29,000 represents income earned during the year before dividend is paid. After dividend of $22,000 has been paid, the balance of $7,000 profit will be added to retained earnings .
Answer:
The revenue that the investment in the company would increase by $100,000.
Explanation:
Though the International Accounting Standard IAS 2 Inventories says that the inventory must be recorded at lower of:
- Cost
- Net Realizable Value (Fair Value less Cost to Sell)
This means though the Net realizable value increases but the cost remains the lower. This means their must not be any changes made to inventory account.
The profit earned from the increase in inventory value will be reflected in the income which will increase the net worth of the investment. So the increase in investment revenue would be by $100,000.
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