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Iteru [2.4K]
2 years ago
12

Ian and Harriet divorced in 2017. Their son, Preston, is age 10 and has lived with Ian for the last two years. The divorce decre

e gives Harriet the right to claim Preston as a dependent. Who can claim Preston for the earned income credit?
Business
2 answers:
natulia [17]2 years ago
7 0

Answer: actually its ian

Explanation:

Eddi Din [679]2 years ago
3 0

Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

<h3>What the law on divorce states</h3>

The law on divorce or separation decree states that the noncustodial parent may claim the dependent even when there is no written declaration from the custodial parent.

Other explanation includes:

  • The parent who the child spends the most time with may claim the dependent.
  • If only one of the taxpayers is the child’s parent, that parent may claim the dependent.

In conclusion, Harriet is the person that can claim the earned income credit because the divorce decree gives Harriet the right to claim Preston as a dependent.

Read more about income credit

<em>brainly.com/question/13522402</em>

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In a perfectly competitive market, the market supply curve is a. always a horizontal line. b. the vertical sum of all the indivi
gayaneshka [121]

Answer: C.) Horizontal sum of all the individual firm's supply curve

Explanation: A perfectly competitive market, is that in which sellers or suppliers of a certain product are numerous such that a slight increase in price, and demand could fall to 0. Here, an individual seller has no control over the price of commodities. The supply curve tells how much quantity will be produced at different prices. Therefore the market supply curve is determined by all individual sellers individual price in other to determine the overall quantity to be produced at varying market price. Prices are drawn horizontally from the y-axis to determine quantity produced at different prices for each indivudual seller which is summed to generate the market supply curve.

4 0
3 years ago
Read 2 more answers
Gardner Company expects sales for October of $249,000. Experience suggests that 45% of sales are for cash and 55% are on credit.
yarga [219]

Answer:

$68,475

Explanation:

Data provided

Sales in October = $249,000

Credit percentage = 55%

Following month percentage = 50%

The calculation of accounts receivable is shown below:-

Credit sales in October = $249,000 × 55%

= $136,950

Collection collected in October

= $136,950 × 50%

= $68,475

Therefore, for computing the collection collected in October we simply multiply the credit sales in October with following month percentage.

6 0
3 years ago
5. Country P has an unemployment rate of .10, and there are 100,000
IrinaVladis [17]

Answer:

1000 000 (1 million)

Explanation:

(number of unemployed/ labour force)=0.1

(100 000/0.1)=workforce

workforce= 1000 000

7 0
3 years ago
Which ideas are supported by details or evidence from this passage?
Oxana [17]

Answer:

C. Transportation in the Sacramento Valley underwent an evolution from necessity.

Explanation:

i did it on Usatestprep

8 0
2 years ago
A company needs to have $135,000 in 5 years, and will create a fund to insure that the $135,000 will be available. If it can ear
Papessa [141]

Answer:

The company must invest $ 100,879.85 ( approx )

Explanation:

Let P be the invested amount,

The annul rate, r = 6% = 0.06,

Number of years, t = 5 years,

Thus, the total amount after 5 years,

A=P(1+r)^t

A = P(1+0.06)^5

A=P(1.06)^5

We have, A = $135,000,

135000=P(1.06)^5

\implies P =\frac{135000}{(1.06)^5}=100879.85   ( Using calculator )

Hence, company must invest $ 100,879.85 ( approx )

6 0
3 years ago
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