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Nadya [2.5K]
2 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]2 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

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Assume that the marginal propensity to consume is 0.8 and that potential output is $800 billion. If real GDP is $850 billion, to
kari74 [83]

The following policies would bring the economy to potential output is Decrease government spending by $10 billion.

<h3>What is Marginal Propensity?</h3>

The "Marginal Propensity" to consume is defined as calculate quantification of money that consumers are ready to spend.

The term "Marginal propensity" to consume is term used in economics. It measures monetary value which consumer is willing to spend to buy goods and services instead of saving it.

The "Marginal Propensity" to consume tends to increase economic activities of country by keeping cash flowing and by not keeping it stagnant. It also helps in increasing trade value and quality and cost of products because it increases healthy competition among companies and in which consumers are ultimately benefitted.

Therefore , we can conclude that the correct option is C.

Learn more about Marginal propensity on:

brainly.com/question/17930875

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7 0
2 years ago
Why does the use of several depressants at once often prove to be a lethal combination?
Leona [35]

<span>The nervous system uses Gamma-Amino Butyric acid (GABA) as a neurotransmitter in the central nervous system. The use of several depressants increases the transmission of GABA that may cause the nervous system to slow down. The reaction of the body to several depressants is also unpredictable which makes it more dangerous.</span>

8 0
3 years ago
The current price of a non-dividend-paying stock is $80. Over the next six months it is expected to rise to $90 or fall to $74.
umka21 [38]

Answer:

Buy 0.8 shares for each option purchased

Explanation:

Calculation to determine What is necessary to hedge the position

Using this formula

N=Vu-Vd/U-D

U = stock price in case of an up move = $36

D = stock price in case of an down move = $26

VU = put option value if stock goes up = $0

VU = put option value if stock goes down = $32 - $26 = $6

Using this formula

N=

−

V

U

−

V

D

U

−

D

N

=

−

0

−

6

36

−

26

N

Now let calculate What is necessary to hedge the position

Value =74 x + 6

Hence,

90x=74x + 6,

x=6/(90-74)

x=6/16

x=.375

3 0
3 years ago
Silver Spoon Service repairs commercial food preparation equipment. The following budgeted cost data is available for 2019: Time
stepladder [879]

Answer:

The rate charged per hour of labor is 120.

Explanation:

Rate charged per hour of labor is given by:

= Budgeted cost per labor hour + Profit margin

= 660000/10000 + 54  

= 120

Therefore, The rate charged per hour of labor is 120.

5 0
2 years ago
How did the captains of industry like j. p. morgan respond to signs that the stock market was about to collapse?
Lisa [10]
The captains of industry like J.P. Morgan<span> respond to signs that the stock market was about to </span><span>collapse by meeting each other and trying to save the market. J.P. Morgan invited the leading bankers and financial experts to his home where they set up a shop in his library. They labored to channel money from strong institutions to weaker institutions to keep them afloat. Their efforts improved the condition of the economy over several weeks.</span>
7 0
2 years ago
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