Answer:
Herman's tax professional should "Advise the client of the tax definition of disabled, and apply sound judgment and common sense to see if the definition is met."
Explanation:
Earned Income Tax Credit (EITC) is a refundable tax credit that can be earned by low and middle income workers, especially those who have children.
According to EITC guidelines, a parent can claim EITC on behalf of a disabled child and there is no age limit for such a child to quality for EITC. However;
• The child must be totally and permanently disabled such that he cannot work or engage in any activity to earn income.
• A doctor's report has to be provided to confirm that the child is permanently disabled.
Herman's tax professional must therefore carefully explain these requirements to Herman, and also apply sound judgement and common sense to see if Herman's child meets the requirements.
Answer:
Explanation:
Monopoly is the form of market in which the single market trading products and services are discussed and then the possibility of producing good economic profit is given. The monopoly is linked to the absence of a competitive scenario.
In large volumes, when the customer buys items, individuals are only impacted by the tiniest price fluctuation. Consumers who buy fewer amounts of items are, by contrast, subject to higher pricing as the smallest price changes do not much affect them. There is therefore increased demand price elasticity for customers who purchase bigger amounts of items.
Answer:
$35 per purchased order and $19.90 per square foot
Explanation:
The computation of the activity rates is shown below:
For Purchasing, it would be
= $175,000 ÷ 5,000 purchase orders
= $35 per purchased order
For factory, it would be
= ($34,500 + $74,950) ÷ (5,500 square foot)
= $19.90 per square foot
We simply divided the cost by the activity level and the same is applied for purchasing and for the factory
Answer:
The introduction is effective because it is setting an example of why the thesis behind the book is correct.
Mary Kay Ash, instead of introducing with a statement about her ideas, and why she believes in those, decided to tell a story about a business plan. This is a concrete form to show that under a free enterprise system, women like her, are able to succeed in the business world because they are given the freedom to do so.
The 1040EZ is easier with less to do. It is for single or married without children. The 1040 is for married with dependants ( children), business owners, etc.
