Parents may claim a $2,000 child tax credit for a dependent child who is 22 years of age at the end of the year if the child is a full-time student. The Child Tax Credit is a refundable tax benefit claimed by filing Form 1040 claim a tax credit of $2,000 per qualifying dependent child under age 17
<h3>What is
Child Tax Credit?</h3>
Different nations offer parents with dependent children a tax advantage known as the child tax credit (CTC). The credit is frequently correlated with the number of dependent children a taxpayer has, as well as occasionally with their income. For instance, only families in the United States who earn less than $400,000 year are eligible to get the entire CTC. Similar to the United States, only families earning less than £42,000 a year are eligible for the tax credit in the United Kingdom.
The federal child tax credit (CTC) in the United States is a tax credit that is only partially refundable for parents of dependent children. Subject to an earned income level and phase-in, it offers $2,000 in tax relief per eligible kid (with up to $1,400 of that amount being refundable).
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Explanation:
Competition in business occurs when a two companies produce and sell similar product. It is further grouped into direct and indirect competition.
While direct competition occurs between companies producing almost the same products , for example breweries producing beers , indirect competition happens between companies selling goods that are not directly similar but can also be used to achieve the same purpose if the other good is not available. Indirect competitors always have a way of sharing or winning over potential customers.
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The following are those which helps in playing a key role in helping organizations to achieve their goals:
O. Computers can be used by people at all levels of an organization.
O. Workers use information systems to produce and manipulate information.
O. Managers depend on information systems to supply data that is essential for long-term planning and short-term tactical planning.
O. A decision system helps workers and managers make non-routine decisions by constructing decision models that include data collected from internal and external sources.
O. A(n) engine evaluates the facts and rules to produce answers to questions posed to the system.
O. Using a technique called logic, these systems can deal with imprecise data and problems that have more than one solution.
Explanation:
