1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Nadya [2.5K]
3 years ago
12

Steve goes to Tri-State University and pays $40,000 in tuition. Steve works a part-time job to pay for his schooling and has an

AGI of $17,000. How much is his American Opportunity Credit? Group of answer choices
Business
1 answer:
xxMikexx [17]3 years ago
6 0

Answer:

$2,500

Explanation:

The calculation of American opportunity tax credit is shown below:-

According to the given situation, Steve's part-time job wouldn't come in between his not applying for the credit as the AGI is lower than the applying number.

Therefore, the credit would be 100% of first is

= $2,000 + 25% (Increased)

= $2,500

You might be interested in
The following lots of a particular commodity were available for sale during the year Beginning inventory 7 units at $52.00 First
ycow [4]

Answer:

$986.39

Explanation:

Given :

Value of items in inventory :

(7 * $52) + (19 * $53) + (25 * $28) + (18 * $65) = $3241

Number of items in inventory :

(7 + 19 + 25 + 18) = 69 units

Weighted average inventory cost :

$3241 / 69 = $46.971014

Number of commodity in hand at year end = 21 units

Amount of inventory at year end using average costing method :

Number of commodity * Average inventory cost

(21 * $46.971014) = $986.39

The amount of inventory at the end of the year according to the average costing method is $986.39

6 0
3 years ago
Identity errors, incorrect account details, and fraudulent accounts are the most common credit report errors. What should you do
Lostsunrise [7]

Answer:

The correct answer is letter "A": You should dispute the error with a credit agency or with a bank/lender and locate any receipts or other written proof that the data is not correct.

Explanation:

It is important to review your credit report frequently to spot errors. In such cases, you must the corresponding financial institutions to make the corrections necessary. If proof is needed you should send it. The objective is to <em>keep your information as accurate as possible</em> so your credit rating can increase every year.

4 0
3 years ago
_____ combine data on consumer expenditures and socioeconomic variables with regional information in order to identify commonali
Bezzdna [24]

Answer:

Geo-demographic technique

Explanation:

This is a technique that simply combine data on consumer expenditures and socioeconomic variables with geographical information in order to identity commonalities in consumption patterns of households in various regions.

4 0
3 years ago
In a Lindahl equilibrium: Group of answer choices no one could be made better off by reducing his or her tax burden, all things
Paraphin [41]

Answer:

everyone is willing to pay the taxes to receive the benefits.

Explanation:

Taxation can be defined as the involuntary or compulsory fees levied on individuals or business entities by the government to generate revenues used for funding public institutions and activities.

The different types of tax include the following;

1. Income tax: a tax on the money made by workers in the state. This type of tax is paid by employees with respect to the amount of money they receive as their wages or salary.

2. Property tax: a tax based on the value of a person's home or business. It is mainly taxed on physical assets or properties such as land, building, cars, business, etc.

3. Sales tax: a tax that is a percent of the price of goods sold in retail stores. It is being paid by the consumers (buyers) of finished goods and services and then, transfered to the appropriate authorities by the seller.

A Lindahl equilibrium can be defined as an economic state in which there is a production of an optimal quantity of public goods and the cost of these goods is shared in a fair manner among everybody. It was developed by Erik Lindahl.

In a Lindahl equilibrium everyone is willing to pay the taxes to receive the benefits.

6 0
3 years ago
If you were to buy a municipal bond for $100 and it returned 1% per year for four years how much interest would you have after f
soldier1979 [14.2K]

Answer:

$4

Explanation:

Every year, the bond will make a year of 1% of 100.

1% of $100 is equal to

=1/100 x $100

=0.01 x 100

=$1

In four years, the bond will have made $1 X 4

=$4 dollars

7 0
3 years ago
Other questions:
  • Harry Corporation's common stock currently sells for $180 per share. Harry just paid a dividend of $10.18 and dividends are expe
    13·1 answer
  • How does an organization specify the aspects of performance that are relevant to the organization? select one:
    12·1 answer
  • National savings is equal to the sum of private savings and public savings. To make our notation a bit easier, we will call nati
    11·1 answer
  • Programs designed to help only those with low incomes are called
    10·1 answer
  • Classification of Cash Flows:
    10·1 answer
  • Your company has used competitive bidding to select a supplier for janitorial services. Three suppliers returned acceptable bids
    7·1 answer
  • Hihihihihihihhhihiihihiiihihihihihihihihihihihhihihihihihihihhiiihihihihihiihihihiihiihihihi
    12·1 answer
  • The explicit forecast period must be long enough for the company to reach a steady state the point at which we calculate the con
    12·1 answer
  • The defect rate for data entry of insurance claims at Sadegh Kazemi Insurance Co. has historically been about 1.50​%. This exerc
    14·1 answer
  • 1. Using a plantwide overhead rate based on cases, compute the overhead cost that is assigned to each case of Extra Fine Salsa a
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!