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kvasek [131]
3 years ago
9

Rex and Dena are married and have two children, Michelle (age seven) and Nancy (age five). During 2020, Rex earned a salary of $

28,500, received interest income of $300, and filed a joint income tax return with Dena. Dena had $0 gross income. Their earned income credit for the year is: $___________
Business
1 answer:
kozerog [31]3 years ago
3 0

Answer:

$5,171

Explanation:

Rex and Dana have two children, and their earned income is less than $53,330, that means that they can receive the earned income tax credit. using the Earned Income Credit table for Form 1040, the couple's income falls between $28,750 - $28,800, they have 2 children, and file as married: the EITC = 5,171.

The maximum amount is $5,920 but it starts to phase out after $19,330.

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Which are guidelines for using Themes?
kipiarov [429]

Answer:

I think it's D. or A. or B. but I mostly think it's D. Be consistent with themes across worksheets and workbooks

6 0
3 years ago
Discuss what happens to overhead rates that are based on direct labor when automated equipment replaces direct labor. Would manu
denis-greek [22]

Answer:

Manufacturing overhead rates based on direct labor will increase and the total overhead itself will increase as a result of the increased use of equipment instead of direct labor.

Explanation:

When overhead rates are based on direct labor and automated equipment replaces direct labor, the number of direct labor hours will decrease.  This will cause an increase in the predetermined overhead rates since fewer direct labor hours will now divide the same or even an increased level of overhead.  Even the overhead costs will increase from the replacement of direct labor with equipment.

6 0
3 years ago
On a production possibilities frontier, 500 pounds of apples and 1,200 pounds of bananas can be produced while at another point
Lilit [14]

Answer:

opportunity cost of producing bananas = 2 pounds of apples per pound of bananas

Explanation:

production possibilities frontier (in pounds):

Apples      Bananas

500            1,200

300            1,300

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8 0
4 years ago
The management of an online retailer is mostly interested in implementing strategies and pushing policies that result in the uti
mart [117]

Answer:

The right option is (C)

Explanation:

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7 0
3 years ago
What is bad loan AND What are the indicators of bad loans
vovangra [49]

Answer:

indicators-Says It’s Okay to Fudge Some Numbers,Pressures You into a Bigger Loan,Doesn’t Consider Your Monthly Income,Doesn’t Disclose Documents,Promises One Thing, Delivers Another,Says It’s Okay to Leave or Sign Blank Forms,Doesn’t Provide Copies

Explanation:

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6 0
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