This is a funny question!
a. texting her mother at home
Answer:
The Asset is a Qualifying Asset.
Explanation:
Qualifying Assets take substantial period of <em>time</em> to get ready for its intended use and purpose and that will require capitalizing interest costs or borrowing cost to the asset.
Answer:
Federal Revenue
Explanation:
These revenues come from three major sources: income taxes paid by individuals: Payroll taxes paid jointly by workers and employers.
Answer:
Jennifer parents can get a tax credit of $2,500
Explanation:
As per the rule smaller of the two can be claimed as education tax credit
a) $1000 (40% of the total eligible tax credit)
b) maximum annual credit of $2,500 per eligible student
Jennifer parents can get a tax credit of $2,500
