Dima is a single and 39 years old has four children, ages 4, 5, 7, and 11. Assuming Dima's gross income for 2019 is $280,000. Dima's deductions for AGI is $40,000 and has no other deductions. What is Dima's child tax credit?
Answers
if Dima's deductions for AGI is $40,000 and has no other deductions then Dima's child tax credit is $7,000.
The Child Tax Credit is a partially refundable tax credit for taxpayers with qualified children under the age of 17. Taxpayers must have a child tax credit to reduce their federal income tax bill, with the amount they are eligible to receive varying based on the number of children they have under the age of 17.
The tax credit begins to phase out for single taxpayers with adjusted gross income (AGI) exceeding $200,000 ($400,000 for married taxpayers).
For tax years 2018 to 2025, the new law doubles the Child Tax Credit from $1,000 to $2,000 per child. It also makes the credit available to more middle-income families by increasing the income phase-out threshold from $110,000 to $400,000 for married couples.
To know more about taxpayers click on below link:
https://brainly.com/question/5771472#
#SPJ11
Related Questions
why do most people invest in the stock market?
Answers
Because many people invest in stocks simply because the odds are in their favor that over time, the market will go up and earn them money.
Answer:
To make profit
Steven manages a team responsible for opening new restaurants of a large, fast-food chain. His team goal is to open eight restaurants in four months' time, and he's mapped out a plan for breaking this goal into actual tasks and projects. As Steven's mentor, what advice do you give him for managing obstacles that might disrupt his progress?
Answers
Answer:
divide all of the current obstacles by the level of urgency and take it one step at a time
Explanation:
When making any sort of plans there will always be unexpected obstacles that prevent/disrupt you from making progress. In these situations, the best advice would be to divide all of the current obstacles by the level of urgency and take it one step at a time. If you try to solve all the problems at once you will get overwhelmed and stressed out. Instead solve one at a time, focusing on the more urgent problems first.
Harper has shown promise, and her manager has suggested that she be paired up with another experienced professional for faster skill development.
What coaching method does the manager use in Harper’s case?
is the training technique that Harper’s manager is using. In this technique, Harper will work with an experienced and already trained employee to develop her skills faster.
Answers
Answer:
i’m pretty sure it’s mentoring
Explanation:
plato
Answer:
Shadowing answer on plato
Explanation:
When faced with needing additional money during college, which option is NOT true?
Taking on a job can cut into study time.
Paying with credit cards can end up costing more money.
Paying with additional loans can lead to connections and opportunities.
Taking on a job can make connections that lead to opportunities.
Answers
Answer:
c
Explanation:
Additional loan incurs more debt doesn't lead to opportunities or connections
Eight years ago, Ohio Valley Trucking purchased a large- capacity dump truck for $106,000 to provide short-haul earth-moving services. The company sold it today for $45,000. Operating and maintenance costs averaged $8,800 per year. A complete overhaul at the end of year 6 costs an extra $3600. Calculate the annual cost of the truck at / = 8% per year. The annual cost of the truck is $- per year.
Answers
The annual cost of the truck is $18,250 per year.
What is the annual cost of the truck?To calculate the annual cost of the truck, we need to consider the initial purchase cost, operating and maintenance costs, and any additional expenses incurred.
The initial purchase cost was $106,000, and the truck was sold for $45,000 after eight years. Therefore, the depreciation over the eight-year period is $106,000 - $45,000 = $61,000.
The operating and maintenance costs averaged $8,800 per year for eight years, resulting in a total of $8,800 ˣ 8 = $70,400.
Additionally, a complete overhaul at the end of year six cost an extra $3,600.
To calculate the annual cost, we need to find the equivalent annual cost (EAC) using the formula: EAC = (Purchase cost - Salvage value) + Annual operating and maintenance costs + Overhaul cost / Present worth factor.
The present worth factor at 8% interest per year for eight years is 5.747.
Plugging in the values into the formula, we get EAC = ($106,000 - $45,000) + $70,400 + $3,600 / 5.747 = $18,250.
Therefore, the annual cost of the truck is $18,250 per year.
The annual cost of the truck is calculated by considering the initial purchase cost, depreciation, operating and maintenance costs, and any additional expenses incurred over the eight-year period.
By using the equivalent annual cost formula and the present worth factor, we can determine the annual cost to be $18,250.
This cost represents the average amount the company has spent each year on the truck, considering both the purchase price and ongoing expenses.
Learn more about annual cost
brainly.com/question/15087238
#SPJ11
1. Which of the following is NOT a Project Constraint?
A. Quality
B. Scale
C. Time
D. Cost
Answers
The following is NOT a Project Constraint is Scale. The scope, risk, and other constraints are also significant factors in project management.
A Project Constraint can be described as a limitation or restriction that exists in any project management approach or methodology that restricts the project’s success or completion. A limitation could be that the project must be completed within a certain amount of time or that the project must adhere to certain quality standards, among other factors. A project constraint limits the project management team's options, preventing them from making unrestricted decisions on how to execute the project.
Constraints impact project progress and frequently drive how project activities are managed to achieve project goals. Project constraints can be classified as follows: TimeCostQualityScopeStaffing risksOptions A, C, and D are Project Constraints. Time, Cost, and Quality are the three primary project constraints. Option B (Scale) is not a project constraint, but rather a project management term that describes the project's size and complexity.
Scale is not a Project Constraint. Time, cost, and quality are the three primary constraints of project management, according to the PMI. However, other constraints such as scope, risk, and resources are also crucial considerations in project management. Project managers must examine all of these constraints and how they interrelate with one another. This allows the project manager to plan accordingly and guarantee that the project is completed on time, on budget, and to a high standard.
To know more about Constraint, visit:
https://brainly.com/question/29871298
#SPJ11
Jake Olsen has decided to put $1,000 in the bank. List several questions Jake might want to ask before ch whether to put the money in a checking or a savings account.
Answers
Answer:
look at my comment
Explanation:
What is profit in an economic system?
A. Profit is the investment a producer makes in the economy to achieve financial gain.
B. Profit is the net change in the value of the economy due to an exchange.
C. Profit is the financial gain resulting from an exchange.
D. Profit is the investment a consumer makes in the economy to achieve financial gain.
Answers
Answer:
I think D is correct answer
The profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
The information related to the profit is as follows:
It is the surplus that comes after deducting the cost from the revenue made. It is the investment that should be made by the consumer for attaining financial gain.Therefore all the other options are incorrect.
Thus we can conclude that profit in the economic system is the investment made by the consumer for accomplishing the financial gain.
Learn more about the profit here: brainly.com/question/15036999
g hassock corp. produces woven wall hangings. it takes 2 hours of direct labor to produce a single wall hanging. hassocks standard labor cost is $18 per hour. during august, hassock produced 14,900 units and used 30,200 hours of direct labor at a total cost of $539,800. what is hassocks labor efficiency variance for august?
Answers
The Hassock's labor efficiency variance for August, had he produced 14,900 units and used 30,200 hours of direct labor at a total cost of $539,800, will be -$7,200 i.e. unfavorable.
To calculate Hassock's labor efficiency variance for August, we need to compare the actual hours of labor used with the standard hours of labor allowed for the units produced.
Standard hours of labor allowed = (number of units produced) x (standard labor hours per unit)
In this case, standard labor hours per unit = 2 and the number of units produced in August was 14,900. So,
Standard hours of labor allowed = 14,900 x 2 = 29,800
Actual hours of labor used = 30,200
Now, we can calculate the labor efficiency variance:
Labor efficiency variance = (Standard hours of labor allowed - Actual hours of labor used) x Standard labor rate
Labor efficiency variance = (29,800 - 30,200) x $18 = -$7,200
Since the variance is negative, it means that Hassock used more hours of labor than it should have, given the number of units produced. This could be due to inefficiencies in the production process or other factors.
To know more about labor variance, visit https://brainly.com/question/29891191
#SPJ11
Why do many credit card companies target college students?
Credit card companies know college students will accrue debt.
Credit card companies know college students need loans.
O Students typically have clean credit records,
Answers
Answer:
CC COMPANIES KNOW COLLEGE STUDENTS NEED LOANS.
Explanation:
Jonah had $25 to spend. He
decided to buy a new shirt
instead of going to the
amusement park with his
friends, Jonah has: purchased a
service, made an economic
tradeoff, made a poor
economic decision, or ignored
the concept of scarcity
Answers
Answer:
ignored the concept of scarcity
Two-years ago the USD/SGD exchange rate was 1.43 and today the exchange rate now sits at USD/SGD 1.37. Singapore has had inflation of -0.18% and 2.31% in the past two years. Over the same period the U.S. has had inflation rates of 1.23% and 4.70%. Firstly: Has the USD appreciated or depreciated in nominal terms against the SGD? By what percentage has the nominal USD changed? Secondly: Showing all working - has the USD appreciated or depreciated in real terms over the two-year period against the SGD and what is the percentage size of any change? For the toolbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). Interest rates in Turkey are currently 14% p.a. and in India interest rates are currently offered at 4.4% p.a. Current exchange rates are USD/TRY 17.2154 and USD/INR 77.7500 The USD is currently selling at forward premium of 50% p.a. against the Turkish Lira (TRY). The USD is currently selling at a forward premium of 0.4% p.a. against the Indian Rupee (INR). Generate a two-year forecast for the value of the Turkish Lira in terms of Indian Rupees using Unbiased Forward Expectations. Show all workings.
Answers
The nominal USD has depreciated by 4.2% against the SGD. The USD has depreciated in real terms against the SGD by approximately 6.69%.
Firstly, the USD has appreciated in nominal terms against the SGD. The percentage change in the nominal USD can be calculated as follows:
Initial exchange rate: 1.43
Current exchange rate: 1.37
Percentage change = ((Current rate - Initial rate) / Initial rate) * 100
Percentage change = ((1.37 - 1.43) / 1.43) * 100
Percentage change = -4.2%
Therefore, the nominal USD has depreciated by 4.2% against the SGD.
Secondly, to determine the real change in the USD against the SGD, we need to account for the inflation rates in both countries. The real change in exchange rates can be calculated as follows:
Real change = Nominal change - Inflation differential
Real change = -4.2% - (2.31% - (-0.18%))
Real change = -4.2% - 2.49%
Real change = -6.69%
Therefore, the USD has depreciated in real terms against the SGD by approximately 6.69%.
Moving on to the second part of the question, to generate a two-year forecast for the value of the Turkish Lira (TRY) in terms of Indian Rupees (INR) using Unbiased Forward Expectations, we need to consider the interest rate differentials and the forward premiums. The formula for calculating the forward exchange rate is:
Forward rate = Spot rate * (1 + Interest rate differential + Forward premium)
Using the given information:
Interest rate differential = Interest rate in Turkey - Interest rate in India
Interest rate differential = 14% - 4.4%
Interest rate differential = 9.6%
Forward premium for TRY = 50% p.a. = 0.50
Forward premium for INR = 0.4% p.a. = 0.004
Now we can calculate the two-year forecast:
Forward rate = Spot rate * (1 + Interest rate differential + Forward premium)
Forward rate = 17.2154 * (1 + 9.6% + 0.50 + 0.004)^2
Performing the calculations, we arrive at the two-year forecast for the value of the Turkish Lira in terms of Indian Rupees using Unbiased Forward Expectations.
Learn more about SGD here
https://brainly.com/question/17177140
#SPJ11
is it better for ute company to take a take credit or a deduction on the $100k foreign taxes paid?
Answers
The decision should be based on a company’s individual needs and goals.
When it comes to international business, there is often a lot of money at stake when it comes to taxes. Companies have to decide whether they should take a credit or a deduction on the foreign taxes they have paid. This decision can significantly impact a company’s financial health, so it is important to understand the difference between the two and which is better for the company.
A tax credit is a dollar-for-dollar reduction in taxes owed. This means that a company can reduce the amount of taxes that it owes by the amount of the credit. For example, if a company has paid $100,000 in foreign taxes, it can take credit for this amount and reduce its taxes owed by $100,000.
On the other hand, a tax deduction is a reduction in taxable income. This means that a company can reduce its taxable income by the amount of the deduction. For example, if a company has paid $100,000 in foreign taxes, it can take a deduction for this amount and reduce its taxable income by $100,000.
Ultimately, the decision should be based on a company’s individual needs and goals. It is important to consult with a qualified tax professional to ensure that the best decision is being made for the company.
Learn more about tax credits and tax deductions:
brainly.com/question/17395659
#SPJ4
PLEASE HELP (this is just to add the 20 characters so i can ask this)
Answers
The letter A is represented where the amount of $20 should be written.
The letter D is represented where the amount of $36 should be written.
The ending balance E is $154.85.
What are debit and credit?Debit entries for accounts show money moving into them, whereas credit entries indicate money moving out of them. Money is transferred from credited to debited accounts with each transaction. Credits are contrary to debits.
In a typical journal entry, all debits are reported on the top lines, followed by all credits on the line below the debits. The ability to obtain money, as well as goods or services, on credit with the assumption that payment will be made later is referred to as credit.
To learn more about debit, visit:
brainly.com/question/10811489
#SPJ1
Define the word inquisitive in entrepreneurship ( business ) form .
Answers
I need help with this
Answers
Answer:
B. Someone new contributes money to the company, becoming an owner.
Explanation:
Common stocks or shares represent a portion of the company. Ownership of a share means owning a part of the company. Shares are also known as equity.
A company issues common stocks when it wants to raise additional capital. Anyone buying shares is contributing capital to the business. They become owners of the business or shareholders as popularly known. They are issued with share certificates and are entitled to dividends.
According to the video, what are some decisions that Architects make? Check all that apply. how much money a building will be worth when finished what traffic patterns people will follow how people will feel when they enter or leave a building how many laborers are needed for a project where to put doors, walls, and windows what building materials to use which people will be allowed to enter a building
Answers
Answer:
2,3,5,6
Explanation:
Answer:
other guy is correct
Explanation:
which federal reserve action can shift the aggregate demand curve to the left?
Answers
Explanation:
Contractionary Monetatary Policy
you are analyzing a risk and have determined that the sle is $1,200 and the aro is 3. what is the ale?
Answers
The Annual Loss Expectancy (ALE) is $3,600.
The financial value anticipated from the incidence of a risk on an asset is known as single-loss expectation. It has to do with risk management and risk evaluation. It has to do with risk management and risk evaluation. The mathematical formula for single-loss expectancy is: where the exposure factor is stated as the impact of the risk on the asset, or as a percentage of the asset lost.
The predicted frequency with which a risk or hazard is expected to materialize is referred to as the annualized rate of occurrence, or ARO.
The yearly rate of occurrence multiplied by the single loss expectancy results in the annualized loss expectancy.
To know more about Annual Loss Expectancy (ALE) :
https://brainly.com/question/29851249
#SPJ4
You are going into business with 4 equal partners (not counting yourself). If in 6 years, the business is making a profit of $1,000,000, what is your share?
A. $180,000
B. $190,000
C. $200,000
D. $210,000
Answers
Answer:
The answer is C
Explanation:
I got the answer right lol
Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000 therefore option (C) will be correct.
What is the arithmetic operator?Arithmetic operators are four basic mathematical operations in which summation, subtraction, division, and multiplication involve.,
Division = divide any two numbers or variable called division.
For example 4/8
Profit of business = $1,000,000
Total partner = 4 + 1(ourselve) = 5
Share per partner = Profit of business / total partner
Share per partner = 1000000 / 5 = $200,000
Hence "Equal amount in 5 division of $1,000,000 is $200,000 so our profit is $200000".
To learn more about the arithmetic operators,
brainly.com/question/25834626
#SPJ2
The data in the table shows the price and quantity supplied for exercise balls. Using the Midpoint Method, what is the price elasticity of supply from point C to point D ? Note: Remember to take the absolute value of the result and round to the nearest hundredth. If using a calculator, rounding should be done at the end of your calculation.
Point Price Quantity
A $30 10,000
B $32 10,100
C $34 10,200
D $36 10,300
E $38 10,040
Answers
The information in the table displays the cost and volume of available workout balls. The price elasticity of supply from point C to point D, calculated using the midpoint method, is 0.17074.
What is the supply-side formula for price elasticity?Price elasticity of supply is a measure of an item or service's responsiveness to supply following a change in its market price. According to fundamental economic theory, a good's supply will increase as its price rises. On the other side, as a good's price increases, its supply will decrease.
The percentage change in supply that results from a percentage change in price is hence known as the price elasticity of supply. The formula for the price elasticity of supply looks like this: The price elasticity of supply is defined as % change in quantity supplied/% change in price.
The formula below gives the price elasticity of supply between two places using the midpoint method:
Price elasticity of supply = \(\frac{(Q_{2} - Q_{1}) / (Q_{2} + Q_{1}) /2 }{(P_{2} - P_{1}) / (P_{2} + P_{1}) /2 }\)
Where:
Q2 is the amount delivered at point 2= 10,300
Q1 represents the amount delivered at point= 10,200
The price at point two is P2= $36
The price at point 1 is P1= $34
Price elasticity of supply= \(\frac{(10,300 - 10,200) / (10,300 + 10,200) /2 }{(36 - 34) / (36 + 34) /2 }\)
= \(\frac{0.00244}{0.01429}\)
= 0.17074 < 1 (inelastic)
Learn more about price elasticity of supply: https://brainly.com/question/15121229
#SPJ1
High beams should be:
a. Dimmed when you are within 100 feet of another vehicle.
b. Used whenever it is safe and legal to do so.
c. Turned on when an oncoming driver does not dim his or her lights.
d. All of the above.
Answers
Work = All you have to do is process of elimination to eliminate the ones that don’t make sense.
what is the biggest health concern for employees of this company when it comes to technology
and what is a strategy the company could put in place to lower this risk?
Yelppp
Answers
Answer:Robots replace humans
Explanation:tjeteare will always remains some jobs woch can be done only by human hand.
What must people taking out a mortgage agree to? Check all that apply. A loan amount plans for repairs an interest rate renovation ideas payment terms.
Answers
The things which people who are taking out a mortgage must agree to are:
A loan amount, Interest ratePayment termsAccording to the given question, we are asked to state the things which people who are taking out a mortgage must agree to and why they are essential for obtaining this loan.
As a result of this, we can see that when a person is taking out a mortgage loan, then he is expected to agee on the loan amount, the interest rate and the payment terms.
Read more about mortgage loans here:
https://brainly.com/question/10006215
Answer:
A loan amount,
Interest rate
Payment terms
Explanation:
fernando is mapping out his time using the 3-step process to complete his business project on marketing to millennials. which stage in the 3-step process should he dedicate the majority of his time to? a. writing b. planning c. perfecting d. all three steps should use equal time.
Answers
B) fernando is mapping out his time using the 3-step process to complete his business project on marketing to millennials. the 3-step process should he dedicate the majority of his time to planning.
There are typically three fundamental processes involved in writing a letter's content:
Step 1:Planning : Determine your reader's identity, decide what information you want them to know first (your statement of purpose), decide what other information they should know, and decide whether or not you want them to take action.
Step 2: Writing: a. Create an outline that enumerates the key points and facts that each paragraph will support. b. Utilize your outline to draft the initial version of your letter.
3rd step: editing : Edit your letter to ensure that it is clear, contains all required details, and presents your thoughts logically. b. Make any necessary adjustments. b. Check your letter one again for spelling, grammar, and punctuation errors. d. Make any adjustments required.
To know more about Planning:
https://brainly.com/question/18266486
#SPJ4
How important is money
Answers
Answer:
very important
Explanation:
money is a global income source for everyone. we all have different types but it is all still money. now say one country got rid of money and had people pay for stuff using other things. if china did that lots of different countries wouldn't be able to get stuff from there unless they had so much of that product they could just give it up.
5. What is a viable fiscal policy response to the following scenario: The country of Smurf Land is experiencing a GDP gap. In the case of Smurf Land, potential output is more than actual output. A. Lower Social Security payments. B. Growing the money supply. C. An increase in government expenditures D. Increasing taxes on all citizens.
Answers
A viable fiscal policy response to the scenario in Smurf Land, where there is a GDP gap, would be option C, which is an increase in government expenditures.
By increasing government spending, there will be an injection of funds into the economy, which will stimulate economic growth and create job opportunities. The increase in government expenditures could be targeted towards infrastructure projects, education, healthcare, or other sectors that require development. This would help to bridge the gap between potential output and actual output, and boost economic activity. The other options, such as lowering Social Security payments, growing the money supply, or increasing taxes on all citizens, may have unintended consequences or may not be as effective in addressing the GDP gap.
Thus, a viable fiscal policy response to the scenario is option C.
To learn more about fiscal policy, visit: https://brainly.com/question/6583917
#SPJ11
select all that apply select the three characteristics of franchising. multiple select question. it is most often used for real estate businesses. it uses a well-developed and controlled marketing strategy. it offers a well-defined management contract. it uses a well-publicized brand name. it is a form of licensing.
Answers
well-publicized brand name, well-defined management contract, well-proven set of procedures and well-developed and controlled marketing strategry are characteristics of franchising
In the marketing and distribution process known as franchising, the owner of a business system (the franchisor) offers a single person or group of people (the franchisee) the right to operate a company that sells goods or renders services using the franchisor's business system.
Franchisees are also permitted, under certain conditions, to use the franchisor's branding, trademarks, and identifying markings. Anyone choosing to launch a business by acquiring a franchise must keep in mind that doing so binds the franchisee to a partnership agreement with the franchisor for a specified amount of time.
To learn more about franchise refer here:
https://brainly.com/question/29376853
#SPJ4
What Economic Issue arises in this graphic due to the Max Price being below Equilibrium?
Answers
As u asked in ur question which food we should have before exercise : ANSWER is - Option (B)
cross check if u have doubt it's correct..
Allison would like to find all records that are in stock. In her database, she has a field named "in stock." When the item is in stock, a "yes" appears. What should Allison do?
Conduct a query and set the criteria as =yes.
Conduct a query and set the criteria to >2.
Locate each record and check each one.
Sort the records in ascending order by item number.
Answers
Answer: she should conduct a query and set the criteria to >2
Explanation:
Don’t know this but I tried I am only in 9th grade