Hi what up peolpe############################

Consider two of the income security programs in the United States: Temporary Assistance for Needy Families (TANF) and the Earned

Harrizon [31]

Answer:

a. When a woman with children and very low income earns an extra dollar, she receives less in TANF benefits. This feature of TANF will cause the labor supply of low-income women to be LOWER. One of the most important characteristics of TANF is that as the beneficiary starts to earn money, they start losing benefits. The more money they earn, the less benefits they receive.

b. The EITC provides greater benefits as low-income workers earn more income (up to a point).

True

This feature of EITC will decrease the labor supply of low-income workers. b. False

Earned income tax credit (EITC) is a refundable tax credit aimed at low income workers (and low middle income workers) with children. The tax credit received by the beneficiaries of this program depend on their income levels and number of children. E.g. during 2020, the EITC for joint filers earning up to $52,493 and having 2 children is $5,828. This program increases the labor supply of low income workers, it doesn't decrease it. If you do not work, you do not receive EITC.

4 0

3 years ago

To the following:

vlabodo [156]

Generous- Selfish
Tremendous- Small
Famous- Unknown
Publicity- Secrecy
Imaginative- Unskillful
Outstanding-Unexceptional

7 0

3 years ago

A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the

SCORPION-xisa [38]

Answer:

b. a discount.

Explanation:

A reduction from the list price that a seller gives a buyer as a reward for some activity of the buyer that is favorable to the seller is called __a discount._______.

4 0

3 years ago

Listed below are several transactions. For each transaction, indicate whether the ca financing, or noncash activity. Also, indic

mariarad [96]

Answer:

1. Operating and Cash outflow: Payment of employee salaries.

2. Investing and Cash inflow: Sale of land for cash. Investing

3. Operating and Cash outflow: Purchase of rent in advance.

4. Operating and Cash inflow: Collection of an account receivable.

5. Financing and Cash inflow: Issuance of common stock.

6. Operating and Cash outflow: Purchase of inventory

7. Investing and Cash inflow: Collection of notes receivable.

8. Operating and Cash outflow: Payment of income taxes.

9. Noncash activity, so no effect: Sale of equipment for a note receivable.

10. Financing and Cash inflow: Issuance of bonds.

11. Investing and Cash outflow: Loan to another firm.

12. Financing and Cash outflow: Payment of a long-term note payable.

13. Financing and Cash outflow: Purchase of treasury stock.

14. Operating and Cash outflow: Payment of an account payable.

15. Investing and Cash inflow: Sale of equipment for cash.

Explanation:

A statement of cash flow is a financial statement that gives the aggregate cash inflow and cash outflow in an organization during an accounting period. The three categories of statement of cash flows are investing activities, financing activities, and operating activities.

1. Investing activities are essentially the cash activities with respect to non-current assets such as sale of equipment for cash.

2. Financing activities refers to cash activities with respect to owners’ equity and non-current liabilities such as purchase of treasury stock.

3. Operating activities are mainly the cash activities with respect to net income such as payment of employee salaries.

8 0

2 years ago

A company has advance subscription sales totaling $45,000 for the upcoming year when four quarterly journals will mailed to cust

riadik2000 [5.3K]

Answer:

A.

Debit Unearned Revenue $11,250

Credit Sales $11,250

Explanation:

B. It is an income for the company. Prepaid subscription is an expense for the company. Therefore, it is incorrect.

C. It is contradictory as the company already recorded the first quarter transaction. Therefore, Unearned revenue should be debit. So, it is also incorrect.

D. According to the revenue recognition, revenue is recognized when they are earned. Therefore, the company acquired the cash when the company received last year. So, it is incorrect.

E. Again, cash cannot be credit. Therefore, it is incorrect.

A is the correct answer. As, when the company received the payment, unearned revenue was credit. As the income is now recorded for the first quarter, $(45,000/4) = $11,250 of unearned revenue becomes earned. So, it is debit. Since it is a sale of a company, the sale becomes credit.

3 0

2 years ago