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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Answer:
D. Sole proprietor's wages.
Explanation:
The owner of the business is the sole proprietor on the other hand sole proprietor is not an employee. Therefore he receives no salaries as he is the person who is an owner of any company or an organization. Any sum he takes from the company is considered to be withdrawn amount.
Hence, Sole Proprietor's wages are not listed in the ledger of the sole proprietor. So, the correct answer is D.
Answer:
Feedback control
Explanation:
Feedback control system is used by managers to guage how effectively their employees meet up with target output at the end of the production process.
It compares the output produced to the target output that was set for the employee. There is little consideration for how much the workload is.
In this scenario the manager assigns extra work every time an editor fails to fix errors in the article they are working on.
His main concern is the output of the editors. So when they fail to complete a task he gives them more in order to gain the target output from them
Answer: perceived relationship
Explanation:
An agent is referred to as someone who is given authority by the principal and acts in his or her behalf and the agent is also under the control of such person.
From the question, the principal is Bob while Betty is his agent. The relationship that exist in thus case is the perceived relationship which means that the third party that us, the tenants in thus case believe that an agent is authorised by the principal to do a particular work such as collection of rent in this case but in reality thus doesn't exist. They ate not meant to pay to the manager in this case but they acted based on their perception and since the principal didn't complain, they continued doing it.
Answer:
see below
Explanation:
Environmental analysis or scanning informs the management of possible opportunities and threats surrounding a business. Analysis of the business environment is essential because there are rapid changes happening in the environment that can greatly impact business performance.
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A business relies on its environment for inputs and a market for outputs. Changes in any of these factors may disrupt business operations. For a business to thrive, it must continuously conduct an environmental impact assessment and adapt to it appropriately.
