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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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Suppose the price of university sweatshirts increases from $10 to $20 and the quantity supplied increases from 20 to 30. The pri

riadik2000 [5.3K]

Answer:

0.60

Explanation:

The midpoint formula is used to calculate elasticity by using average percentage in both price and quantity.

The formula is given below:

Percentage change in quantity = (Q2 -Q1) x 100

(Q2 + Q1) / 2

Percentage change in price = (P2 -P1) x 100

(P2 + P1) / 2

Elasticity = Percentage change in price__

Percentage change in quantity

Inserting the data:

Percentage change in quantity = (30 -20) x 100 = 10 x 100 = 40%

(30 + 20) /2 25

Percentage change in price = ($20 - $10) x 100 = 10 x 100 = 66.6%

($20 + $10) /2 15

Elasticity of supply = 40%

66.6%

= 0.60

3 0

3 years ago

You are holding a stock that has a beta of 1.39 and is currently in equilibrium. The required return on the stock is 20.47%, and

r-ruslan [8.4K]

Answer: 26.73%

Explanation:

You can calculate the expected return using the Capital Asset Pricing Model (CAPM).

Formula is:

Expected return = Risk free rate + beta * (Market return - risk free rate)

Use the previous figures to solve for the risk free rate:

20.47% = Rf + 1.39 * (16.50% - Rf)

20.47% = Rf + 22.935% - 1.39R

20.47% - 22.935% = Rf - 1.39Rf

-2.465% = -0.39Rf

Rf = -2.465% / -0.39

= 6.32%

New expected return is:

= 6.32% + 1.39 * (21% - 6.32%)

= 26.73%

7 0

3 years ago

38. Money is an imperfect store of value when a. the rate of inflation is high. b. the unemployment rate is high. c. gold prices

Helen [10]

Answer:

a. the rate of inflation is high

Explanation:

When the inflation rate is high money loses its value because inflation rates decrease people's purchasing power which means that because of inflation they will be able to buy less goods and services with the same amount of money because goods and services cost more. For example if Person A has a million dollars and he can buy 5 houses from that in 2015, if Person A keeps his money in a bank as a store of value and there is 20% inflation it means that now 5 houses will cost 20% more (1.2*1 million) = 1.2 million. And Person A has now lost value as he will not be able to buy the same amount of houses with the same amount of money because of inflation.

7 0

3 years ago

On September 1, 2021, Southwest Airlines borrows $39.6 million, of which $7.2 million is due next year. Show how Southwest Airli

Flauer [41]

Answer:

$10,440,000

Explanation:

The computation of Total liabilities is shown below:-

Balance Sheet

Current liability

Current portion of long term debt $7,200,000

Long term liability

Notes payable $3,240,000

Total Liabilities $10,440,000

Working Note

Notes Payable = $39.6 million - $7.2 million

= $32.4 million

4 0

3 years ago

Good, Service or Idea: Tutoring someone in math a Good bService C.Idea

il63 [147K]

There all good but if you want answer I will go with service because without service how are you going to learn if your tutor is not there

Hope this helped if not let me know :)

3 0

3 years ago