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Liono4ka [1.6K]
3 years ago
10

Steve's only source of income for the year is a salary of $24,000. He is not married and has one dependent child who is eligible

for the child tax credit. Steve's tax liability is $570 before any credits or prepayments are applied. He had $500 withheld from his salary. After applying the earned income credit, what is Steve's refund or balance due
Business
1 answer:
Lyrx [107]3 years ago
8 0

Answer:

$2,678

Explanation:

Calculation for what is Steve's refund or balance due

Refund or balance due=3461 - [(24,000-18,660)*.1598]

Refund or balance due= 2607-(570-500)

Refund or balance due= $2,678

Therefore Steve's refund or balance due is $2,678

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A company currently sells products in the United States and is considering expanding to China or Vietnam. Expanding won't impact
mariarad [96]

Answer: Company should not expand to either.

Explanation:

Find the expected values of expanding to either country and pick the country with the highest expected value:

China:

= ∑(Probability of outcome * Outcome)

= (20% * 2,000,000) + (30% * 1,000,000) + (50% * -2,000,000)

= -$300,000

Vietnam:

= (70% * 1,000,000) + (30% * -2,500,000)

= -$50,000

<em>Both countries result in an expected loss so company should not expand to either of them. </em>

3 0
3 years ago
Select the correct answer.
amid [387]

Answer:

A is the answer

Explanation:

3 0
3 years ago
Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and reali
VashaNatasha [74]
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3 0
3 years ago
When using ABC, costs can be gathered at different levels. These levels are all of the following except:_________.
Aleksandr [31]

Answer:

B. Journal entry-level

Explanation:

When using ABC, costs can be gathered at different levels. These levels are all of the following except "journal entry-level".

Therefore, costs can be gathered in Unit-level, Batch-level, Factory-level and even Product level.

Activity-Based Costing (ABC) is actually a costing method which tends to identify the activities that are carried out in organization and gives the costs of each activity to the products and services by what they actually consume.

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Research shows that ____ is the number one reason cited for why organizations invest in information technology projects.
timofeeve [1]

Answer:

D

Explanation:

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