The total of Vanessa's Child Tax Credit and Other Dependent Credit, based on her tax liability and children, is $5, 757.
<h3>What is the Child Tax Credit?</h3>
Child Tax Credit is a credit that tax payers are eligible for if they have children who depend on them. The age of the children is such that they have to be below the age of 19.
For every child that qualifies for the Child Tax credit, the tax payer gets a tax credit of $2, 000.
Vanessa has a total of 3 children who are below the age of 19 and so they all qualify which means that Vanessa qualifies for a Child Tax Credit of:
= 2, 000 x 3
= $6, 000
However, the child tax credit cannot exceed the actual tax liability of $5, 757.
Vanessa's Child Tax Credit and Other Dependent Credit is therefore the sum of $5, 757.
Find out more on Child Tax Credit at brainly.com/question/14328499
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You respond calmly, politely, and try to give them an estimated time to wait.
Answer: 6.51 billion dollars
Explanation:
From the question, we are informed that the annual net sales for a huge soft drink company were 5.6 billion dollars in 2012 and that sales were increasing at a continuous rate of 3.85% per year.
The annual net sales in 2016 will be:
= 5.6 billion × (1 + 3.85%)^4
= 5.6 billion × (1 + 0.0385)^4
= 5.6 billion × (1.0385)^4
= 5.6 billion × 1.1631
= 6.51 billion dollars
Answer:
$45 per unit.
Explanation:
The minimum transfer price is the price that is acceptable to the transferring division and out out of a range of acceptable prices, it is that price the would be the best for the company.
Min Transfer Price = Variable Costs - Internal Savings + Opportunity cost
= $22 + 15,100/15,100 × ($45-$22)
= $45
Answer:
a. $265,000
Explanation:
Process costing is one of method to assign cost to manufactured unit. This method is most commonly used for identical units produced.
Terada Corporation also uses process costing system. In April $241,000 units were transferred out of the department. To identify the total cost under weighted average method we can add up beginning work in process and units transferred out. We get $265,000 if we add up beginning work in process inventory and cost of units transferred out from the department.
= $24,000 + $241,000
= $265,000.
