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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Nothing really, you just might have a better idea of your budget if you do.
Answer:
Responsibility accounting involves the separate reporting of revenues and expenses for each responsibility center in a business. Doing so improves the management of operations.
Prices can achieve the rationing function when prices are inflexible
.
Option B
<u>Explanation:
</u>
Prices can be rationed because prices are inflexible.
The proposal that certain prices slowly adjust to market deficiencies or surpluses
This is most critical for short-term and short-term global market research macroeconomic behavior. The positive trend of the short term allocative efficiency curve is largely because of inflexible markets (also referred to as static prices or sticky costs).
In commodity markets, prices are likely to become the most inflexible, particularly on the labor market as well as the least inflexible, with the commodity markets sliding between the two.
