Answer:
<h3>Debit Cash and Interest Expense.</h3>
Explanation:
<h2>HOPE IT HELPS YOU!! </h2>
Answer:
Option (1) is correct.
Explanation:
The value of imports refers to the amount of goods that are purchased by the residents of the home country from the foreign country. While calculating the gross domestic product (GDP) of a particular nation the value of imports is subtracted from the value of exports of that nation.
The value of imports doesn't contribute towards the domestic production of United States because these goods are produced in the foreign country.
GDP = Consumption + Investment + Government spending + Net Exports
= Consumption + Investment + Government spending + (Exports - Imports)
Mac and June, who file as married filing jointly with a modified AGI of $430,000 and a tax liability of $20,000.
Option D
Explanation:
For every eligible minor child under the age of 17 at the end of the tax year, the Child Tax Credit is granted to US taxpayers. In December 2017, the recent tax legislation doubled the loan to 2,000 dollars per child, making much of it reimbursable. 1 It was a non-refundable bonus of $1,000 previously.
If the taxpayer is filing jointly then the claim of child tax credit will be up to the tax liability. Thus, Mac and June has tax liability of $20,000 and the maximum limit of child credit is $2,000. Thus, they can claim full $2,000 claim and reduce their liability to $18,000.
Answer:
Acceleration is the rate of change of velocity. Usually, acceleration means the speed is changing, but not always. When an object moves in a circular path at a constant speed, it is still accelerating, because the direction of its velocity is changing.
Explanation:
Canada, Australia, & South Africa are all of the countries that use tax brackets as part of their tax system
