?? this needs more context
Parents can reduce their taxes by
using a child care tax credit. The government gives parents tax credit for each
child that they have. Unlike tax deduction and exemption, tax credit can be able
to reduce more in the parents’ tax bill. Tax deduction just tries to lower the
taxable income and not a reduction in other areas.
Answer:
The statement is correct as well as true
Explanation:
Financial results or the performance, is the subjective measure or criteria of how well the business or the firm could use the assets from the initial mode of the business and create revenues.
In short, it is evaluated through earning or the loss which consequence from the financial affairs.
So, if the company is spending as well as retaining and developing the best people of their company, will often result in superior as well as healthy results, which means generate a good amount of revenue for the company by producing the goods.
Answer:
-$62,000
Explanation:
The computation of the net cash flow provided or used by investing activities is shown below:
Cash flow from investing activities
Purchase of an equipment -$70,000
Sale value of the equipment $8,000
Net cash flow used by investing activities -$62,000
The purchase represents the cash outflow therefore it is presented in a negative sign while the sale represents the cash inflow therefore it is presented in a positive sign
The types of investments that banks use to make profits include the following:
1. Buying stocks and bonds.
2. Buying several properties.
3. Buying the rights to loans.
Commercial banks are profits oriented and they make profits in diverse ways, these include the points mentioned above and many others.
