The Parent taxpayer is entitled to the earned income credit
<u>Explanation:</u>
The federal income tax credit or income credit in the United States is a refundable tax credit, particularly those with children, for low- to moderate-income working individuals and couples. The EITC benefit amount depends on the income of the recipient and the number of children.
The EITC benefits low to reasonable-income parents but offers very little assistance to workers without eligible children (often referred to as childless workers). Income tax credit (EITC). Workers earn a loan up to a limit of one percent of their income.
Answer:
c. monitor changes in the level of wholesale prices in the economy.
Explanation:
The consumer price index is a measure of the variation in the price of products and services offered to consumers in the US market. This is an index that serves to measure inflation or deflation. Through the price index, the Federal Reserve monetary authorities make decisions to warm or slow economic activity.
Answer:
d.) I and II
Explanation:
The first proposition can be regarded as proposition that gives a clam that capital structure of a company has no impact on the value. The value of a company is been known as present value of future cash flows when it's calculated, then it cannot be affected by capital structure. It should be noted that MM Proposition I with corporate taxes states that capital structure can affect firm value by an amount that is equal to the present value of the interest tax shield.
Answer:
IRR is 18.25%
Annual amount is -$0.225 which closest to zero dollar,because at irr the investment return is zero
Explanation:
The formula for IRR in excel is :irr(values)
The formula can be applied to the cash outflow of $4,000 and cash inflow of $9,250 in five years' time as follows
Years Cash flow
0 -$4,000
1 $0
2 $0
3 $0
4 $0
5 $9,250
irr(-$4000 to $9,250)
irr is 18.25%
The amount of receivable each year can be computed using pmt formula in excel
=pmt(rate,nper,-pv,fv)
rate is the irr of 18.25%
pv is -$4000
fv is the future amount 0f $9,250
=pmt(18.25%,5,-4000,9250)
pmt=-$0.225 which closest to zero amount
Answer:
6,704 units
Explanation:
The computation of the number of units sold is shown below:
= (Fixed expenses + target profit) ÷ (Contribution margin per unit)
where,
Contribution margin per unit = Selling price per unit - Variable expense per unit
= $90 per unit - $36 per unit
= $54 per unit
So, the number of units sold is
= ($162,000 + $200,000) ÷ ($54 per unit)
= 6,704 units
