Answer:
total personal and dependency exemptions = $28,400
Explanation:
personal exemptions for a married couple filing jointly in 2019 = $24,400
child tax credit for children under 16 = $2,000 per child x 2 children = $4,000
*the child and dependent tax credit which covers up to $3,000 per child only applies for the 11 year old child, but we are not given any amount spent on child care, so the amount to be deducted is unknown.
Answer:
The correct answer is option b.
Explanation:
A production possibilities frontier shows the maximum possible bundles of two goods that an economy can produce using its given resources and level of technology.
Because of the scarcity of resources, the production of a good can be increased only by decreasing the production of the other good.
It is possible to increase the production of a good without reducing the production of the other only if the economy is producing at a point below the production possibilities curve.
Answer: Option(B) is correct.
Explanation:
Money is a term or instrument that is generally used in making transaction of goods and services. Individuals use money as a medium of exchange, unit of value and for making standard deferred payments. It is easy to store money. We can easily measure the value of goods and services in terms of money. Now days, money is normally utilized as a medium of exchange.
Answer:
A. its operating income for the period will be higher than under absorption costing
Explanation:
As we know that
Under absorption costing, the fixed cost is divided on the number of units produced
And under the variable costing, the fixed cost is considered as a cost selling of goods so the absorption costing method will be lower than the value of finished goods.
As per the question, the started finished goods will help and sell the whole production and starting balance that means under absorption costing of goods which is to be sold is much than variable costing.
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