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Naddika [18.5K]
3 years ago
10

Elisa is 21 years of age and a full-time student living with her parents. She had wages of $680 ($75 of income tax withholding)

for 2018. Can Elisa file a tax return even though her parents will claim her as a dependent on their tax return? A) Elisa's parent can report the income on their tax return. B) No, Elisa is a dependent of her parents. C) Yes, Elisa can file a tax return. D) No, Elisa cannot file a tax return.
Business
1 answer:
Nadya [2.5K]3 years ago
3 0

Answer:

C) Yes, Elisa can file a tax return

Explanation:

As in the given situation Elisa could file a tax return as she is considered to be dependent as her age is less than 24 years also her income is lower than the taxable income so she can file her return herself in order to claim the return

Therefore as per the given situation the option c is correct

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Uninsurable risk is one where the insurance company cannot calculate the probability of the risk occurring which can happen due to numerous reasons. An insurable risk is one where the calculations can be made and the premium that gets paid is determined.
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3 years ago
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Assume the Residential Division of KappyKappy Faucets had the following results last year:
Alex_Xolod [135]

Answer:

12%

Explanation:

Calculation for the division's return on investment

Using this formula

Return On Investment = Operating income /Average total assets

Let plug in the formula

Return on investment= $636,000/$5,300,000

Return on investment= 0.12*100

Return on investment=12%

Therefore the division's return on investment will be $12%

6 0
3 years ago
Crane Company distributes to consumers coupons which may be presented (on or before a stated expiration date) to grocers for dis
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Answer:

Liability of un-redeemed coupons Pending on December 31, 2018 is $60,000

Explanation:

Coupon already expired issued on Jan 01, 2018      

Coupon issued on 07/01/2018                                 <u>$830,000</u>

Estimated redeemable coupon value - 50%           $415,000

($830,000 * 50%)

Less : Disbursed                                                        <u>$355,000</u>

Liability pending on Dec. 31, 2018                         <u>$60,000</u>

4 0
3 years ago
A company receives a 10%, 120-day note for $1, 500. The total interest due on the maturity date is:______.a) $50,00. b) $150,00.
Leto [7]

Answer:a) --A -$50.00

Explanation:

Using days of year = 360 days

Interest due = Principal  x rate  x period

           = $1500 x 10% x 120/360

   = $50

The total interest due on the maturity date is:__$50.00___

6 0
3 years ago
Rich is the highest-paid quarterback in the league, at $5 million per season. Rich is an eight-year pro and has yet to reach the
Furkat [3]
<span>hey will receive $2,500,000 per year, or answer C.</span>
3 0
3 years ago
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