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Cloud [144]
3 years ago
13

John and Shirley have one child eligible for the Child Tax Credit, file their tax return as married filing jointly and, at a $41

0,000 modified adjusted gross income for 2019, they have an AGI that exceeds the threshold at which the Credit begins to phase out. For what Child Tax Credit would they be eligible?
Business
1 answer:
kondaur [170]3 years ago
4 0

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.

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how much of a stock's $30 price is reflected in pvgo if it expects to earn $4 per share, has an expected dividend of $2.50, and
Kruka [31]

The amount of the stock price that will be reflected in the PVGO is $10

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Expected Dividend payment (D) = $2.50

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Step 1. Using no growth rate (GR), computing the stock price (SP)

Since the growth rate is not specified, 0% is taken as the default value.

The stock price (SP) = E/ROR

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Step 2. Computing the SP reflected in PVGO.

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Hence, the $10 will be reflected in the PVGO

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7 0
10 months ago
Crane Company has a balance in its Accounts Payable control account of $9,250 on January 1, 2014. The subsidiary ledger contains
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$4,375

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Answer:

marginally attached staff and​ part-time staff that hope on getting​ full-time jobs

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