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lbvjy [14]
3 years ago
9

Char and Russ Dasrup have one daughter,Siera.who is 16 years old.ln November of last year,the Dasrup's took in Siera's 16 year o

ldfriend.Angela.who has lived with them ever since.The Dasrup's have not legally adopted Angela but Siera often refers to Angela as 'hersister.‘ In the current year,the Dasrups provide all of the support for both girlsneither girl receives any income during the year.and bothgirls live at the Dasrup's residence.Which of the following statements is true regarding the dependency exemptions (and the reason forthe exemptions)Char and Russ may claim for the current year for these girls?A) One exemption for their daughter Siera as a qualifying child but no exemption for Angela.B) One exemption for Siera as a qualifying child and one exemption for Angela as a qualifying child.C) One exemption for Siera as a qualifying child and one exemption for Angela as a qualifying relative.D) None of these statements is true.
Business
1 answer:
Naddik [55]3 years ago
3 0

Answer:

A) One exemption for their daughter Siera as a qualifying child but no exemption for Angela.

Explanation:

The six IRS requirements for determining a qualifying child are:

  1. Relationship
  2. Age
  3. Residence
  4. Support
  5. Joint return
  6. Citizenship

The problem with Angela is that she fails number 1, which means that she has no legal relationship with the Dasrups. She would qualify for the remaining 5, but if only one is missing, then the IRS will not qualify Angela.

On the other hand, Siera qualifies because she meets all the requirements.  

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If the price elasticity of demand is 1.8 then a 30 percent decrease in the price of the good will lead to a _______ percent incr
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Answer:

The answer is 54percent

Explanation:

Elasticity is a measure of how sensitive one variable is to any variable. It is expressed as the ratio of percentage changes in variables.

That is; %change in quantity demanded/%change in price.

This calculation shows how sensitive quantity demanded is to a change in price.

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3 0
3 years ago
First National Bank charges 13.7 percent compounded monthly on its business loans. First United Bank charges 14 percent compound
Liula [17]

Answer:

First National Bank    = 14.6%

First United Bank.=   = 14.8%

Explanation:

<em>Effective annual rate is the equivalent annual rate o where interest rate is compounded at an interval shorter than a year.</em>

It can be calculated as follows:

EAR = ( (1+r)^(n) -1) × 100

r -interest rate per period

n- number of period

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First National Bank

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number of period = 12 months

EAR =( (1+011141)^(12) - 1) × 100

       =  0.145938395 × 100

       = 14.59

      = 14.6%

First United Bank.

r- interest rate per quarter - 14%/4 = 3.5% per quarter

n- number of quarters = 4

EAR = ((1+0.035)^(4)- 1) × 100

      = 0.147523001 × 100

      = 14.8%

 

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Answer:

The answer is "Option D, F, E, B, A, and C".

Explanation:

please find the complete question in the attached file.

Please find the choice order in the attached file.

$125 paid with one week invoice 300 for a customer's docking dog

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