Answer:
The correct answer to the following question is option C) $11,000 .
Explanation:
The phaseout limit for married couple filling their return jointly is up to $400,000, but in this case the annual gross income of Rhianna and Jay is $419,400 . So their annual gross income is $19,400 ($419,400 - $400,000) more, and then $19,400 / $1000 = $19.4 , which is approximately equal to $20.
Now the phase out limit would be $20 x $50
=$1000
For the 6 children , the tax credit wold be - $2000 x $6
= $12,000
From the above amount, the phase out amount will be deducted,
= $12,000 - $1000
= $11,000
Answer:
producers and consumers
Explanation:
producers and consumers create the interaction between the demand and the supply that is the basis for any given economy.
Answer:
1. quick ratio
Explanation:
Common liquidity ratios include the quick ratio, current ratio, and days sales outstanding. Liquidity ratios determine a company's ability to cover short-term obligations and cash flows, while solvency ratios are concerned with a longer-term ability to pay ongoing debts.
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Answer:
9.68%
Explanation:
Percent Return on Investment is calculated as Net Profit / Cost of Investment x 100
Net Profit= $46,620 (1,000 x $46.62 per share) + $950 (1,000 x $.95 per share) - $43,370 (1,000 x $43.37 per share) = $4,200
Cost of Investment= $43,370 (1,000 x $43.37 per share)
Percent Return on Investment= $4,200 / $43,370 x 100 = 9.68%
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