Answer: Refundable Tax Credit
Explanation:
When a tax credit is able to reduce your tax liability to below zero and then the remainder is returned to you, that is a Refundable Tax Credit. For Instance, if you get a Refundable tax credit from the IRS of $300 and your Tax Liability is $250 then not only do you not have to pay the liability but the IRS will give you $50 which is the remainder after the tax credit reduced the liability to $0.
If you have $0 in Liability, you can still apply for a Refundable Tax Credit which means that you will be paid the whole thing.
Some people therefore first calculate their taxes and then remove the deductions and apply for Non-refundable tax credits and then when their liability is at the lowest, they apply for a Refundable Tax Credit which then means that they can stand a chance to get something from the IRS.
<span>Put all of these numbers in a line...obviously, don't put ALL of them, but enough so you can see what you're doing.
1 + 2 + 3 + ... + 297,624,985
Now put all these numbers BACKWARDS underneath that.
1 + 2 + 3 + ... + 297,624,985
297,624,985 + 297,624,984 + 297,624,983 + ... + 1
Now add the first series to the second, and you'll see that they add up to:
297,624,986 + 297,624,986 + 297,624,986 + ...297,624,986
Since there were 297,624,985 terms, the total sum here is
297,624,986 * 297,624,985
But since you added it twice, you divide it by two:
148,812,493 * 297,624,985
This is 44,290,315,996,937,605, so...yes, it is MUCH larger.</span>
The existence of the underground economy causes gross domestic product (gdp) statistics to understate the true volume of economic activity. An underground economy unrecorded and untaxed economic activity by the government. An underground economic is also known as the black market. Gross domestic product also know as GDP is the total value of goods and services provided in a country during one year.
The regional trading agreement is so significant when it is involved within the agreement parameters because it can eliminate barriers to the mobility of goods, labor and capital.
Given that regional trading agreement is so significant to the countries within the agreement parameters.
We are required to give the reason of significance of regional trading agreement within the agreement parameters.
Regional trading agreements basically refers to a treaty that is signed by two or more countries to encourage the free movement of goods and services across the borders of its members.It is so significant because it eliminates the barriers to the mobility of goods, labor and capital.
Hence the regional trading agreement is so significant when it is involved within the agreement parameters because it can eliminate barriers to the mobility of goods, labor and capital.
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Answer:
The initial outlay associated with the project is $607,000
Explanation:
According to the given data we have the following:
Cost of new equipment= $650,000
delivery and installation costs=$5,000
investment in net working capital at the time of installation=$10,000
employee training program=$8,000
The firm's marginal tax rate is 34%, hence, the after tax sale value of old machine=-$100,000×(1-0.34)=-$66,000
Therefore, the initial outlay associated with the project= $650,000+$5,000+$10,000+$8,000-$66,000=$607,000