1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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.

You might be interested in
Help!!<br>list 5 importance of freedom​
marusya05 [52]

Answer:

people can do what they want (with limitations)

people can say what they want (with limitations)

people can believe in what they want

and thats all ive got. good luck on the last two tho

5 0
3 years ago
9+10= what A.19 B.21 C.1 D222
Advocard [28]

Answer:

A.19

hope this helps! this seems like an easy question to me, is this a trick question??

8 0
3 years ago
Read 2 more answers
A higher level of interest income can be received if a savings account offers a promotional rate.
KiRa [710]
True. One would get the regular stated interest rate plus the additional promotional rate. Thus one would recieve a higher income via the savings rate.
4 0
3 years ago
5. Use excel?s irr function for this problem. Rancho cucamonga has a 6% cost of capital. The firm has an investment opportunity
BlackZzzverrR [31]

IRR function for this problem is 7. 7% and invest in the project

<h3>What is IRR function?</h3>

The Excel IRR function returns the internal rate of return (IRR) for a sequence of cash flows that occur at regular intervals. Determine the internal rate of return. Return was calculated as a percentage. =IRR (values, [guess])

IRR is the interest rate at which the sum of all cash flows equals zero, thus it is useful for comparing one investment to another. In the preceding example, if we substitute 8% with 13.92%, the NPV becomes 0, and your IRR becomes zero. As a result, IRR is defined as the discount rate at which a project's NPV becomes zero.

To know more about IRR function follow the link:

brainly.com/question/24301559

#SPJ4

8 0
2 years ago
WesternBioLabs Inc. is in the process of laying off 10% of its shipping and receiving employees. At the same time, it is hiring
igomit [66]

Answer:

A. Churning

Explanation:

Employee Churning is also known as employee turn-over which is an act of laying off employees while recruiting new ones. It is a measure always taken to conserve a company's limited resources. The turnover rate is given as the percentage of employees being laid off or leaving workers over a period of time. There are a lot of factors contributing to churning such as downsizing through attrition either due to recession or scarcity of company's resources.

5 0
3 years ago
Other questions:
  • The money price of a half gallon of milk a half gallon of milk is ​$ 1.80​, and the relative price of a half gallon of milk a ha
    9·1 answer
  • How are most travel itineraries arranged?
    15·1 answer
  • When shopping for their brother, jack and james are presented with a red shirt by the sales person. while jack likes the shirt,
    10·2 answers
  • The sticky-price theory of the short-run aggregate supply curve says that if the price level rises by 5% while firms were expect
    5·1 answer
  • Farm Country and Industry Country are two neighboring countries. Both countries produce only one​ good: good X. Production in bo
    11·1 answer
  • Acme Global uses a software program to scan applications for minimum qualifications. If an applicant does not meet the minimum r
    12·1 answer
  • A reconciliation of pretax financial statement income to taxable income is shown below for Shaw-Anderson Industries for the year
    5·1 answer
  • Borrowers who believe they will be in a home for only a short period of time would be good prospects for a/an:
    8·1 answer
  • According to liquidity preference theory, money supply and money demand are balanced by adjustments of
    15·1 answer
  • Which of the following is an example of a general partnership?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!