Answer:
Since Will is getting the custody of their two children, he can claim them as dependents and deduct exemptions when he files his taxes.
- child tax credit ($2,000 per child under 18)
- child and dependent tax credit (up to $3,000 per child under 13 and $500 for dependent over 13)
- American opportunity education credit (up to $2,500 per child that studies x 4 years maximum)
Alimony can no longer be deducted from Janine's AGI, nor it should be included in Will's AGI.
Property distributions (cars and house) will not have any effect in their taxes, but if they sell them, their basis will be the value at the time of divorce.
Answer:
$3.58
Explanation:
Calculation to determine the basic earnings per share (rounded)
Using this formula
Basic earnings per share=Net income/(shares of common stock outstanding+(shares of common stock*9/12)
Let plug in the formula
Basic earnings per share=$276,915/(57,000 + (27,000 × 9/12))
Basic earnings per share=$276,915/(57,000+20,250)
Basic earnings per share=$276,915/77,250
Basic earnings per share= $3.58
(April 1 to December 31 =9 months)
Therefore Basic earnings per share is $3.58
Answer:Raising the gas tax will likely encourage more non-highway related spending.
An increase in gas taxes will hurt middle-income Americans the most.
A gas tax hike will increase the price of consumer goods.
Tax hikes have a negative impact on economic growth.
Raising the gas tax will not solve the real problem.
Explanation:Lower gas price could add much as half a percentage point to the GDP growth in United States of America.
Answer: B.
Explanation: The multi-step income statement is ultimately used in determining Net Income which is calculated by separately determining :
1. Gross profit( Net sales - cost of goods sold)
2. Operating income( Operating expenses - Gross profit)
3. Operating income combined with non - operating revenue, losses, profit and expenses to obtain the net income or loss.
Conclusively, Gross profit(margin) will be calculated separately, which then be used to obtain the operating income.
I think it “A law of demand”?
