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3 years ago

What are tax credits?

Business

1 answer:

stepladder [879]3 years ago

7 0

Answer: Refundable Tax Credit

Explanation:

When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.

If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.

Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.

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Starling Co. manufactures one product with a selling price of $18 and variable cost of $12. Starling’s total annual fixed costs

nikitadnepr [17]

The number of units that Starling Co. sold was 11200

Explanation:

Given -

Operating income = $28,800

Fixed cost = $38,400

Selling price of one unit = $12

Variable cost = $12

Number of units sold, n = ?

Contribution margin per unit = $18 - $12

= $6

$n = \frac{operating income + fixed cost}{contribution margin per unit}$

$n = \frac{28800 + 38400}{6} \\\\n = \frac{67200}{6} \\\\n = 11200$

Therefore, number of units that Starling Co. sold was 11200

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3 years ago

Bayside Marina just announced it is decreasing its annual dividend from $1.48 per share to $1.45 per share effective immediately

sleet_krkn [62]

Answer:

the stock price has decreased in the same proportion as the dividend. 

Explanation:

Since we are told that the dividend yield remained the same, and the dividend decreased by 2.03%, we know that the price of the stock decreased by 2.03%.

= [($1.45 - $.148) / $1.48] x 100 = -2.03%

5 0

3 years ago

stereo corp. produces radios. the following information on inventory and production pertains to the year 2017. total manufacturi

Ugo [173]

The cost of goods manufactured at stereo corp. in the year 2017 is $285,000.

What is Manufacturing?
Manufacturing is the process of turning raw materials or sections into finished goods using tools, human labour, machinery, and chemical products.

Manufacturing enables companies to sell finished goods at a price higher than the cost of the materials used. Huge manufacturing allows for the mass production of goods using assembly line procedures and sophisticated technology as core assets. Manufacturing techniques that are efficient allow manufacturers to start taking advantage of scale economies of scale, generating more units at the a lower cost. Manufacturing is a vital and significant component of the economy. It entails the transformation of raw materials such as ore, timber, and food into finished goods such as metal goods, soft furnishings, and processed foods.

To lean more about manufactured
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1 year ago

Jeff brooks has recently moved into an apartment and has discovered that the previous tenant forgot to turn off the cable tv ser

SashulF [63]

Economists would describe Jeff as a user of a public good. Jeff would be considered this because he is consuming something, but this consumption does not reduce the availability of the thing being consumed for others. Jeff is using the cable service, but this does not prevent anyone else from receiving and watching a cable service.

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3 years ago

What type of business contracts with physicians to handle their claims and/or account receivable

k0ka [10]

Centralized billing office

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3 years ago