Answer:
Since John and Shirley's income is above that level, $410,000, they will receive up to $1,500 per qualifying child.
Explanation:
The amount of the child tax credit for 2019 is up to $2,000 per child and $500 per dependent, but if the AGI exceeds $400,000 for a married couple filing jointly, it starts to phase out. The credit is reduced by $50 for each $1,000 over the threshold amount.
Since John and Shirley's income is above that level, $410,000, they will receive up to = $2,000 - (10 x $50) = $1,500 per qualifying child.
Answer: $76,000
Explanation:
Depreciation per unit = (Cost - Residual value) / Number of units expected to be produced
= (400,000 - 20,000) / 2,000,000
= $0.19 per unit
40,000 units were used this period so the depreciation is:
= 400,000 * 0.19
= $76,000
<span>Auto insurance is needed primarily because of </span>potential liability claims.
If you don't have it and you don't have insurance, you have to fix your car out of your own money, as well as pay for repairs of other cars if it is proven that it was your fault.
Answer:
True
Explanation:
It is true because differentiated products (unique products) are expensive than the normal products which means that the company is earning extra profits due to its products uniqueness. And if the company is going to eliminate its uniqueness from the product then it is more probable that the profit share would be decreased because the customer will not pay the company extra as their is no uniqueness in the product.
Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 2.75% of $4000 every year, which is 110.
In 2 years, you'll have 220 because every year you gain 110 in interest.
