The American Opportunity Credit is a credit that is given to any eligible student wherein their expenses for the first four years in education are being paid. Based on the given statements above, the one that is NOT considered true about this kind of credit is the last option.
A single person earns a gross biweekly salary of $780 and claims 6 exemptions. their net pay changes due to the federal income tax withheld No federal income taxes are withheld. Option A. This is further explained below.
<h3>What is income tax?</h3>
Generally, The income tax is a kind of direct taxation in which the government takes a cut of a person's earnings. The federal government is obligated to collect this fee because of the Income Tax Act of 1961.
In conclusion, A person living alone might expect to earn $780 every two weeks after taking into account the six allowances that are allowed for such a situation. Their after-tax income shifts as a result of federal income tax withholding. There will be no withholding of federal income taxes.
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The New York Federal Reserve Bank Group of president always gets to vote at the FOMC meetings.
A. president always gets to vote at the FOMC meetings.
<u>Explanation:</u>
The FOMC (Federal open market committee) is the the group which implements policies for the federal reserve systems. The New York Federal Reserve Bank Group, The president always gets to vote at the FOMC meetings.
There are 12 members who can vote and nine of the voting presidents of the reserve bank vote once in every three years. The president of the federal reserve bank also votes. the votes are casted in a rotating basis.
Answer:
The correct option is a) Gross profit and ending inventory.
Explanation:
The inventory technique is a method of accounting for calculating the value of an inventory. The approach calculates the ending inventory balance by comparing the inventory cost to the merchandise price.
There are three methods for valuing inventory whic are FIFO (First In, First Out), LIFO (Last In, First Out), and WAC (Weighted Average Cost) (Weighted Average Cost). The gross profit and ending inventory are affected differently by each of these costing methods.
This implies that the selected inventory costing method impacts gross profit and ending inventory.
Therefore, the correct option is a) Gross profit and ending inventory.
Answer: Needs assessment
Explanation:
Your question isn't well written as you've already given the answer to the question which is needs assessment.
A needs assessment is used for determining the needs as well as addressing the needs between the present conditions and the desired conditions.
The main purpose of needs assessment is in order to know the people whom are in need and the types of needs.
