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
sp2606 [1]
3 years ago
13

The American Opportunity tax credit:_____. A. is 50% of the first $1,200 of tuition and fees paid and 100% of the next $1,200. B

. Is available for 2 years of post-secondary education. C. Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents. D. Is fully refundable even if the credit exceeds the tax liability.
Business
1 answer:
mamaluj [8]3 years ago
6 0

Answer:

C. Is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents

Explanation:

American Opportunity tax credit was called the HOPE credit. It is available for the first four years of an individual's post secondary school education.

It covers 100% of the first $2,000 cost for tuition, fees, books, and course material.

Items that do not qualify are room and board, transportation cost and personal expenses.

The tax credit is available for qualifying expenses paid on behalf of the taxpayer and his or her spouse, in addition to those paid for dependents.

You might be interested in
One of the most challenging tasks for any firm, including In Fine Fettle, is determining how much to spend on promotion. Four ba
Montano1993 [528]

Answer:

A) the affordable method,

In Fine Fettle's management reviews what it is trying to achieve with promotion and sets the budget based on anticipated expenses.

B) the percentage-of-sales method,

In Fine Fettle's management reviews its forecasted sales volume for the turmeric bar and sets is promotional budget at $150,000.

C) the competitive-parity method,

In Fine Fettle looks at its competitors and finds that their average promotional spending ranges from $100,000 to $250,000. Therefore, the promotional budget is set at $200,000.

D) the objective-and-task method.

In Fine Fettle's management reviews its revenues and expenses and allocates promotional spending based on what management believes it has to spend

Explanation:

A) is deciding the promotion expense considering how much can afford based on the expenses budget

B) determninate the promotion based on a percentage of expected sales

C) the company will look at their competitors promotion expense and try to keep up with that level to avoid being left behind

D) management will determinate on a monthly/ weekly basis where and how much to promote

8 0
4 years ago
Markets always allocate resources in ways that meet ideal economic efficiency.
Virty [35]

Answer:

False. Markets can sometimes fail to reach efficiencies when there are externalities, public goods, monopoly, or serious information asymmetries

Explanation:

Invisible hand (effective allocation of resources in a laissez faire economy) sometimes works because when market function effectively and send correct price as signal of values (to society) to producers.

However, when goods can't be traded on markets (public goods) or its values are not correctly reflected on markets (externalities, information asymmetries) or competition is not ensured (monopoly), markets cannot ensure effective allocation of resources.

5 0
3 years ago
4. Study Question #4 Ch 7. Why are developing nations concerned with commodity price stabilization? Check all that apply. Improv
iragen [17]

Answer:

Developing nations are concerned with commodity price stabilization because of the following reasons

  1. There are high price elasticity of supply and demand for many commodities
  2. Developing economies are often highly dependent on the export of just one or a few commodities.

Explanation:

In recent decades there has been growing concern about the sharp fluctuations of primary product prices, the effects of those fluctuations on particular groups of producers and particular countries, and the measures which might be taken to reduce or offset the fluctuations.

Producing countries have been dominated by proposals for stabilizing world prices of commodities, in particular via the establishment of a “Common Fund” within the framework of UNCTAD's Integrated Program for Commodities.

However, developing nations are concerned with commodity price stabilization because of the two reasons provided above which could result in inflation and deflation.

7 0
3 years ago
On October 31, Legacy Rocks Inc., a marble contractor, issued for cash 400,000 shares of $10 par common stock at $18, and on Nov
ivann1987 [24]

Answer: The answer is as follows:

Explanation:

Journal entries are as follows:

For October 31:

Cash  (400,000 × $18)                   $7,200,000

Common stock  (400,000 × $10)                                          $4,000,000

Paid in capital in excess of par value-common stock         $3,200,000

( record of issuing common stock)

For November 19:

Cash  (50,000 × $80)                    $4,000,000  

Preferred stock (50,000 × $75)                                             $3,750,000

Paid in capital in excess of par value-Preferred stock        $250,000

( record of issuing preferred stock)

8 0
3 years ago
Dallas Products is a division of a major corporation. The following data are for the most recent year of operations: Sales $ 37,
Mandarinka [93]

Answer:

See below

Explanation:

Given the above information, margin is computed as;

Margin = Net operating income / Sales

Sales = $37,880,000

Net operating income = $3,508,960

Then,

Margin = $3,508,960 / $37,880,000

Margin = 9.26%

Therefore, the division's margin used to compute ROI is closest to 9.26% approximately

7 0
3 years ago
Other questions:
  • Suppose a particular stock just paid a dividend of $2.50 and expects to grow the dividend by 4% per year, indefinitely. What is
    9·1 answer
  • why do you think many people are in jobs that are not satisfying? do organization help people craft satisfying and motivating jo
    14·1 answer
  • Why is there a meat surplus and what does that mean for us when going to the grocery?
    8·1 answer
  • The following additional details are provided for the​ year: Direct materials placed in production $ 81 comma 500 Direct labor i
    8·1 answer
  • Assume the following cost of goods sold data for a company: 2017: $1,700,000 2016: 1,400,000 2015: 1,200,000 2014: 1,000,000 If
    14·1 answer
  • One problem with the consumer price index stems from the fact that, over time, consumers tend to buy larger quantities of goods
    13·1 answer
  • If supply-side policies succeed, less output is produced at every price level.
    7·2 answers
  • Iverson Company purchased a delivery truck for $45,000 on January 1, 2018. The truck was assigned an estimated useful life of 10
    12·1 answer
  • Which of the following statements is(are) true? (A) A favorable variance is not necessarily good, and an unfavorable variance is
    10·1 answer
  • Van Hookie, Inc. issued bonds with a maturity amount of $200,000 and a maturity ten years from the date of issue. If the bonds w
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!