Answer:
a. gross income test
Explanation:
because quailfying children must pass the relationship, age support, residence tests.However,there is no requirement relating to gross income for purposes of the qualifying child test.
If Tom were married and his spouse was not working for pay, his 2021 taxable income would be a maximum 15% rate (20% in the case of high income taxpayers. Read below about who an income tax payer.
<h3>Who is an income taxpayer?</h3>
A taxpayer is an individual or corporation who pay taxes annually on their earning as per the provisions of the Income Tax Act. Once you file income tax returns and disclose your earnings, it becomes legal.
Therefore, the correct answer is as given above
learn more about a taxpayer: brainly.com/question/14582132
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A common tool project teams use to show resource assignments is a responsibility matrix. Typically, this chart will depict what role each person on the team will have during each activity.
Managers set up a log to show each persons role for project completion. This allows for more streamline work and eliminates the questions regarding what each person should or shouldn't be doing.
Answer:
10.0 years
Explanation:
The computation of the payback period is shown below
We know that
Payback period = initial cost ÷ increase in net income
= $30,000 ÷ $3,000
= 10 years
As the depreciation expense is a non-cash expense so we dont considered it
Therefore the first option is correct
