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
kari74 [83]
3 years ago
9

Mia and Allen, married with two teenage sons, both work. They have read Dave’s books, finished a beginner emergency fund, establ

ished a budget, and are working on their debt snowball. Both claim no dependents and take extra money out of their checks. Then in April, when they see how much they’ll get back, they celebrate! It’s like “found” money! They use that windfall for a lavish family vacation every summer. You told them that was all wrong. They asked why. Explain yourself.
Business
2 answers:
yulyashka [42]3 years ago
8 0

Answer:

First of all, they are losing money for claiming no dependents.

  • They could claim up to $2,000 per child with the child tax credit (for children under 16).
  • The child and dependent care tax credit also allows parents to deduct qualifying expenses up to $3,000 per child under 13, and up to $500 for children 13 to 18.

Besides paying too many taxes, they are also using their payroll taxes as a savings fund. The problem with this savings fund is that it earns no interest. If instead of getting extra money debited from their paycheck, they could invest that money on a savings account or some type on short time deposit and their money would increase due to earned interest.

The fact that they use their extra money for vacations is a personal decision, and they can freely decide what to do with their savings. I can only tell them to save in a smarter and more efficient way.

liubo4ka [24]3 years ago
7 0
They didn't claim dependents and they have two sons, so it's wrong and illegal. 
You might be interested in
Information technology has advanced dramatically within the last 25 years or so. At the same time there have been significant sh
Karo-lina-s [1.5K]

Answer:

Did the technology push the changes in the world, or was it the other way around? What evidence is opinion based upon or how did you draw your conclusions?

In my opinion the world started to change during the 1970s when Steve Jobs introduced the personal computer. Before him, only huge corporations could afford computers since they were huge and costed millions. Since then, information technology (IT) has increased in gigantic steps and when the internet was available for public use, the world as we know it changed.

When the world was struggling again during the great recession, my hero came back and changed the way IT industry again with the iPhone and the whole app culture. I am a little over 25, and I can tell that everything was very different when I was a small kid. You actually needed to read a newspaper and use encyclopedias (very large books).

Now everything is on the web and now most of us are even working using the internet. In just seconds we know what is happening in China or any other country in the world, while before all we heard about China was that were many Chinese and they were communists. IT has enabled whole new industries that boost the economy much more than any other manufacturing business ever had. The world would be a much different place if it wasn't for the Apple I, the internet or the iPhone.

4 0
3 years ago
A five-year project has a projected net cash flow of $15,000, $25,000, $30,000, $20,000, and $15,000 in the next five years. It
riadik2000 [5.3K]

The value of Net present value is $12,895.45.

Given that

initial investment = $50,000

1st-year cash flow = $15,000

2nd-year cash flow =$ 25,000

3rd-year cash flow =$ 30,000

4th-year cash flow = $20,000

5th-year cash flow = $15,000

rate = 20%

using formula

NPV = \frac{R}{({1+i})^t}

NPV = \frac{15000}{({1+0.20})^5}\\NPV = 12895.45

<h3>What is Net Present value?</h3>
  • The current value of a future stream of payments from a business, project, or investment is determined using net present value, or NPV.
  • You must predict the timing and size of future cash flows in order to determine NPV, and you must choose a discount rate that is equal to the least allowable rate of return.
  • Your cost of capital or the rewards offered by substitute investments with comparable risk may be reflected in the discount rate.
  • Positive NPV indicates that the rate of return on a project or investment will be higher than the discount rate.
  • to learn more about Net present value with the given link

brainly.com/question/14293955

#SPJ4

4 0
2 years ago
Toyota has been working alongside us for years, but we just heard the bad news: they’re not renewing our electric vehicle (EV) c
klemol [59]

Answer:

The right approach is Option a (Bargaining power of suppliers).

Explanation:

  • The concept is such an industry influences the buyer's business climate and determines the potential including its buyer to attain profitability.
  • The meaning is basically how very much jurisdiction a single provider has. By supplier, I represent the industries that create the manufactured goods that even the sellers refine into the finished product to something like the sellers throughout the business. If there are several suppliers during the sector because each supplier is indeed very poor.

8 0
4 years ago
Jacob chose to spend the afternoon swimming rather than going to the movies. any value given up from not going to the movies is
quester [9]

Any value given up from not going to the movies is the <u>"opportunity cost".</u>


Opportunity costs represent the advantages an individual, speculator or business passes up while picking one option over another. While money related reports don't demonstrate opportunity cost, entrepreneurs can utilize it to settle on taught choices when they have various alternatives previously them. Since they are concealed by definition, opportunity expenses can be neglected in the event that one isn't cautious. By understanding the potential botched chances one renounces by picking one venture over another, better choices can be made.  


4 0
3 years ago
Read 2 more answers
In the month of October, Tran Incorporated had salaries of $15,000 for factory managers, $18,000 for financial managers, and $42
Sloan [31]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

$15,000 for factory managers

$18,000 for financial managers

$42,000 for company executives.

$98,000 for factory workers

$64,000 for office workers.

To calculate the labor cost we need to separate between indirect and direct labor:

Indirect labor:

Factory managers (manufactury overhead)= 15,000

Direct labor:

Factory workers= 98,000

Total labor cost= $113,000

7 0
3 years ago
Other questions:
  • Today, when a customer orders merchandise from an online vendor, the vendor usually sends an immediate order confirmation messag
    8·1 answer
  • As brett prepares to open his new business, he has identified the tasks that need to be accomplished and has assigned employees
    12·1 answer
  • The Fed decides the percentage of __________ that banks are required to hold as reserves.
    8·2 answers
  • Weaver Chocolate Co. expects to earn $3.50 per share during the current year, its expected dividend payout ratio is 65%, its exp
    9·1 answer
  • An outside broker locates a seller for a buyer representative's client. In this instance, the outside broker is acting as
    11·1 answer
  • Installing strong locks on the doors that lead to your company's data servers is an example of which of the following security m
    6·1 answer
  • g Which of the following are included when establishing advertising​ objectives? A. Tonality and advertising appeal B. Message a
    9·1 answer
  • Is there anything you are concerned about or questioning regarding your selected outfit explain why?
    10·1 answer
  • Ryngaert Inc. recently issued noncallable bonds that mature in 15 years. They have a par value of $1,000 and an annual coupon of
    10·1 answer
  • Product differentiation that makes the product better for some consumers and worse for others is A) always welfare decreasing. B
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!