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
GaryK [48]
3 years ago
7

11. This year, teachers can eam a $250 tax credit on money they spend in their classrooms. How will this tax credit affect the t

eachers' tax returns?
A. The $250 will come directly off of the amount of taxes the teachers owe.
B. The $250 will be subtracted from the teachers' gross incomes.
C.This credit will put them in higher tax brackets.
D.This credit is not big enough to make any impact on the teachers' taxes.
Business
1 answer:
ser-zykov [4K]3 years ago
7 0

Answer: A. The $250 will come directly off of the amount of taxes the teachers owe.

Explanation:

When given a tax credit of a certain amount, it means that you can deduct that amount from the taxes you owe which means that the taxes you are to pay will be reduced. If you received a tax credit of $500 for instance and you owed taxes of $2,000, your taxes would become $1,500.

In this scenario therefore, with the teachers receiving a tax credit of $250, taxes that the teachers owe will be reduced by $250.

You might be interested in
Poseidon Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require hi
DENIUS [597]

Answer:

The company paid a lower cost per hour for labor than allowed by the standards.

Explanation:

<em>The labour cost variance is the difference between the standard labour cost allowed for the actual hours worked and the actual labor cost for the same hours</em>

<em>The labour cost variance compares the actual cost  and the standard cost for the actual labour hours paid for.</em>

Hence , Poseidon Marine Stores Company would have paid a sum for labour cost which is lower than the standard cost.

The company paid a lower cost per hour for labor than allowed by the standards.

3 0
4 years ago
An industry analysis for manufacturers of a small personal care gadget observed the following characteristics: 1. Industry sales
mina [271]

Characteristics 4 and 5 would be typical of an industry that is in the start-up stage.

Explanation:

  • Following characteristics would be typical of an industry that is in the start-up age :
  • 4. The current penetration rate in the United States is 60% of households and will be difficult to increase.
  • The households between $1 million and $2 million in net worth is given below :
  • $1,000,000 in wealth is near the 88% in America.
  • Around 15,117,804 are households that matched this bracket or more.
  • 5 Manufacturers compete fiercely on the basis of price, and price wars within the industry are common.
  • There are certain strategies which includes
  • price matching,
  • evaluating the competitors,
  • product re-branding,
  • creative advertising and marketing
3 0
3 years ago
Jeff Goldblum has just purchased a security which has no maturity date and no promised dividend payments. He can recoup his inve
larisa [96]

Answer: Common stock

Explanation: In simple words, these are the securities which represent ownership in an organisation. The common stocks has no maturity date as it is the ownership right and will remain until the liquidation of the company.

       The dividends to common stockholders are not fixed and depends on the profit that the company made in the year. They are paid dividends after debt holders.

They can sell their shares to other participants through securities markets like stock exchanges etc.

Hence from the above we can conclude that Jeff has purchased common stock.

4 0
3 years ago
You find an apartment that rents for $320 per month. You are also responsible for ulities that average $80 per month. What is yo
arsen [322]

For this question, you need to find out some basic information. We know that 12 months is a total of a year. First, add up the rent, plus the utilities.

320 + 80 = 400

Then, you will multiply the 400 by 12.

400 x 12 = 4,800

The likely yearly cost for this apartment would be 4,800.

:)

5 0
3 years ago
Read 2 more answers
A net worth statement, financial goals, and a budget are all part of a _____.
Gemiola [76]
A net worth statement, financial goals, and a budget are all part of a financial plan.
5 0
3 years ago
Other questions:
  • Suppose an industry is made up of 16 firms. Three firms each sell 12 percent of the industry's total output; another three firms
    9·1 answer
  • Adjusting entries are made to ensure that: Select one: a. expenses are recognized in the period in which they are incurred. b. r
    6·1 answer
  • Using the intuitive least cost method for the given transportation problem, answer the following: Cleveland Dayton Erie Supply A
    12·1 answer
  • What is 4 5/6 minus 5/6 minus 1 1/2 minus 2/3
    8·1 answer
  • Which of the following is an example of a barter system?
    11·2 answers
  • Most economists believe that a cut in tax rates ___________.
    10·1 answer
  • When monique has to order paper for the office​ copier, she checks the website of the office supply vendor the company uses to s
    5·1 answer
  • You go to the electronics store to buy 3 CDs. Each CD’s original cost is $9.99. You have a coupon for 10% off and the sales tax
    7·1 answer
  • You purchased 100 shares of IBM common stock on margin at $70 per share. Assume the initial margin is 50% and the maintenance ma
    13·1 answer
  • Based on the passage, who might be interested in your credit report, and why? Check all that apply.
    6·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!