To find the purchase price of the machine, we can use the formula for the present value of an ordinary annuity. The formula is:
PV = Pmt × ((1 - (1 + r)^(-n)) / r),
where PV is the present value (purchase price), Pmt is the payment amount, r is the interest rate per period, and n is the total number of periods.
In this case, the semiannual payment amount is $6,000, the interest rate is 6.23% per year compounded semiannually, and the total number of periods is 7 years, which means 14 semiannual periods.
First, we need to convert the interest rate to its semiannual equivalent. Since the interest is compounded semiannually, the semiannual interest rate would be half of the annual rate. So, the semiannual interest rate is 6.23% divided by 2, which is 3.115%.
Now, we can plug the values into the formula and solve for the purchase price (PV):
PV = $6,000 × ((1 - (1 + 0.03115)^(-14)) / 0.03115).
Using a calculator, we can evaluate the expression inside the parentheses first:
(1 - (1 + 0.03115)^(-14)) / 0.03115 ≈ 10.8908.
Now, we can calculate the purchase price:
PV = $6,000 × 10.8908 ≈ $65,344.80.
Therefore, the purchase price of the machine was approximately $65,344.80. This calculation takes into account the semiannual payments of $6,000, the down payment of $10,000, and the interest rate of 6.23% compounded semiannually for 7 years.
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All else being equal, which would be less valuable: a December put option on a small cap tech stock or a December put option on a large cap healthcare stock?
All else being equal, a December put option on a small cap tech stock would be less valuable than a December put option on a large cap healthcare stock.
This is because small cap tech stocks tend to be more volatile and risky than large cap healthcare stocks. Therefore, the market perceives a greater risk of price fluctuations and uncertainty in the small cap tech stock, which would require a higher premium to purchase a put option.
On the other hand, large cap healthcare stocks are typically more stable and less prone to sudden price movements, making them a less risky investment. As a result, the market perceives less risk in the large cap healthcare stock and the put option would require a lower premium.
Overall, the value of a put option depends on a variety of factors, including the underlying stock's volatility, market sentiment, and current market conditions.
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the initial entry to record a finance lease for equipment with a current cash equivalent of $100,000 is recorded with a $100,000 blank . (check all that apply.) multiple select question. credit to lease asset credit to rent expense debit to lease liability credit to lease liability debit to rent expense debit to lease asset
A debit to lease asset and a credit to lease liability. When recording a finance lease for equipment, the initial entry involves recognizing the equipment as a leased asset and the lease payments as a liability.
The leased asset is recorded at the current cash equivalent value, which in this case is $100,000. the correct entries to record the finance lease are a debit to lease asset for $100,000 and a credit to lease liability for $100,000. Other options such as credit to rent expense, debit to rent expense, and debit to lease liability are not applicable in this scenario. The correct entries for this situation are a debit to Lease Asset and a credit to Lease Liability.
When recording a finance lease, the lessee (the party using the equipment) will initially recognize both an asset and a liability for the leased equipment. The asset is recorded at the current cash equivalent value, which in this case is $100,000. The liability is recorded at the same amount to balance the entry. So, the journal entry would be, Debit to Lease Asset for $100,000 .Credit to Lease Liability for $100,000, such as credits or debits to rent expense, are not relevant in this situation.
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Angel and Alessia calculate their assets to be valued at $150,000. They calculate their liabilities to be $125,000. What is their net worth?
Answer:25,000
Explanation:
At December 31, 2017, before any year-end adjustments, Janus Company's Prepaid Insurance account had a balance of $2,800. It was determined that $1,200 of the Prepaid Insurance had expired. Which of the following is the correct adjusted balance for Prepaid Insurance at December 31, 2017?
a. $1,200.
b. $2,700.
c. $1,900.
d. $1,500.
Answer:
$1,600
Explanation:
Calculation for the adjusted balance for Prepaid Insurance at December 31, 2017
Based on the information given we were told that the company Prepaid Insurance account had a balance of the amount of $2,800 in which the of $1,200 of the Prepaid Insurance had expired this means that the correct adjusted balance for Prepaid Insurance at December 2017 will be calculated as:
Prepaid Insurance balance $2,800
Less Expired Prepaid insurance $1,200
Adjusted balance of prepaid insurance$1,600
Therefore the correct adjusted balance for Prepaid Insurance at December 2017 will be $1,600
The managerial function of leading: is a part of the planning process. involves monitoring the organization s progress toward its goals. is the set of processes used to get members of an organization to work together. involves setting an organization s goals and deciding how best to achieve them.
Answer:
is the set of processes used to get members of an organization to work together.
Explanation:
Management can be defined as a strategic process which typically involves analyzing, planning supervising, organizing, controlling and coordination of employees and business activities in order to successfully achieve organizational goals and objectives.
Generally, there are four (4) main components associated with the management of business activities and employees, these includes planning, organizing, leading and controlling.
The managerial function of leading is the set of processes used to get members of an organization to work together. Thus, leading a team of workers working in an organization simply involves communication, motivation, inspiration, direction, guidance and support of these employees in order to enhance their level of output or production at all times.
The managerial function of leading: is a part of the planning process is the set of processes used to get members of an organization to work together, third option is correct.
In order to successfully achieve organizational goals and objectives, management is often characterized as a strategic process that involves analysis, planning, supervision, organizing, regulating, and coordinating of personnel and business operations.
The management of corporate operations and personnel generally consists of four key elements: planning, organizing, leading, and controlling.
The collection of procedures used to get team members in an organization to collaborate is known as the management function of leadership. So, managing a group of people in an organization simply entails communicating with them, inspiring them, directing them, guiding them, and supporting them so that their output or production is always at a higher level.
Thus, third option is correct.
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What are some of the various potential sources for business credit? Give at least three examples
Answer:
Such potential sources include "Personal savings, loans, as well as investors".
Explanation:
Whether you should be looking for financial resources for something like a working relationship or perhaps a singular commercial enterprise, acknowledging the positives and negatives of those same possibilities, and even some of their network requirements, would then make the best possible financial decisions. Friends, close relatives as well as work colleagues throughout your community are indeed possible sources of wealth management.differentiate between health assistant and staff nurse
Answer:
Medical assistants perform tasks like answering phones and scheduling patients, while a nurse typically only performs tasks related to patient care, such as documenting their condition and writing care plans.
Explanation:
Nurses have some administrative work, but they primarily care for patients. This includes writing care plans and documenting conditions. Medical assistants usually perform management tasks such as answering phones and scheduling patients.
A special kind of imperfectly competitive market that has only two firms is called.
Answer:
The necessary characteristics for a market condition of perfect competition are as follow Prices in the marketplace are essentially controlled by the basic economic forces of supply and demand.In particular, sellers do not have any significant ability to control the prices of their goods or services.
Explanation:
hope this helps if not let me know
Answer:
Duopoly
Explanation:
A special kind of imperfectly competitive market that has only two firms is called a duopoly
a production possibilities curve indicates that when resources are being used efficiently
When resources are being used efficiently, a production possibilities curve indicates that the economy is operating on the curve itself, maximizing production with full resource utilization.
What does a production possibilities curve indicate about resource allocation?A production possibilities curve (PPC) is a graphical representation that shows the different combinations of two goods or services that an economy can produce using its available resources and technology.
It illustrates the trade-offs a society faces when allocating its limited resources between the production of different goods or services.
When resources are being used efficiently, it means that the economy is operating on the PPC, specifically on the curve itself. This indicates that the available resources are fully employed and allocated in the most optimal way to maximize production.
Here are a few key points to explain resource efficiency on a PPC:
Full resource utilization: The economy is utilizing all of its available resources, such as labor, capital, land, and technology, without any idle or underutilized resources. Every resource is put to productive use.Maximum production: The economy is producing the maximum possible output given its available resources and technology. It has achieved the highest level of production efficiency within the limits of its resources.Trade-offs and opportunity cost: The PPC illustrates the concept of trade-offs and opportunity cost. As an economy produces more of one good or service, it must sacrifice the production of another good or service. The PPC shows the alternative production possibilities and the opportunity cost associated with producing one additional unit of a good or service.Efficient allocation: The points on the PPC represent efficient resource allocation because they reflect the optimal combination of goods or services that can be produced. Any point inside the curve indicates an underutilization of resources, while any point outside the curve is unattainable given the current resources and technology.Technological efficiency: Efficiency on the PPC assumes that technology is used effectively to produce goods or services. Technological advancements can shift the entire PPC outward, indicating an increase in production possibilities.It's important to note that the PPC assumes fixed resources and technology, and it represents a snapshot of a specific point in time. Changes in resource availability, technological advancements, or improvements in efficiency can cause the PPC to shift or expand, reflecting new production possibilities.
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Four year universities are the only type of school worth attending. True False
Answer:
false
Explanation:
Answer:
false
Explanation:
there are a number of other reliable schooling options
با ما
Outline two reasons why a business such as AEC could not be
Successful without other firms providing natural resources
Answer:
Because of product's use of natural resources in its input (1) and dependence on the supply chain system of other companies.
Explanation:
The reason is that all of the companies rely on natural resources that the companies are processing and making it available for the other companies to utilize it to control its cost and complete the production of the products. The energy is a natural resource which every company utilizes and due to this its production is largely dependent on the firms that are processing natural resources to make it available for companies to utilize it.
The next most important thing is supply chain system of natural resource companies that helps the companies like AEC and even an individual to make the use of these natural resources in an efficient and effective manner. If I don't have access to fuel, then I cann't travel and traveling by using horses would be expensive and time consuming. So supply chain system of the other businesses play key role here.
...hype me up ayeeee
Answer:
Fact: Some fungi create zombies, then control their minds
Explanation:
The tropical fungus Ophiocordyceps infects ants’ central nervous systems. By the time the fungi been in the insect bodies for nine days, they have complete control over the host’s movements. They force the ants to climb trees, then convulse and fall into the cool, moist soil below, where fungi thrive. Once there, the fungus waits until exactly solar noon to force the ant to bite a leaf and kill it.
Answer:
yes
Explanation:
loans accrue interest while a student is enrolled in school.
What is the procedure of opening a savings bank account class 9?
Go to the bank's branch, Complete the application, submit the form along with identification documentation, your address, and two passport-sized photos.
What are the many sorts of banks?A financial entity with permission to accept deposits and provide loans is known as a bank. Retail, professional, and investment banks are just a few of the several sorts of banks. The governing party or central bank controls banking in the majority of the world's nations.
What makes it a bank?Since Italian bankers in the Period formed agreements to acquire and lend money next to a bench, the term bank is derived from the Italian word banco, which means bench. They set the cash down on the bench.
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13. When talking about interest with saving and investing, which option below is correct?
a)Both saving and investing interest works the exact same.
b)Risk and interest have no correlation, so you can do either one and always get a return.
c)) Savings interest is simple, while investing interest is compounded.
d) Investing interest is simple, while saving interest is compounded.
The correct option is c) Savings interest is simple, while investing interest is compounded.
When it comes to interest with saving and investing, it's important to understand the key differences between the two.
Saving interest refers to the amount earned on the principal amount deposited into a savings account, typically calculated using a simple interest formula. This means that the interest earned is based solely on the initial principal and does not accumulate over time.
On the other hand, investing interest involves the growth of funds through various investment vehicles such as stocks, bonds, or mutual funds. Investing interest is usually compounded, meaning that the interest earned is added to the principal and then reinvested to generate additional returns. This compounding effect allows investments to potentially grow at an accelerated rate over time.
It's crucial to note that risk and interest are indeed correlated in the realm of investing. Higher-risk investments tend to offer the potential for higher returns but also carry a greater chance of loss. In contrast, savings accounts are generally considered low-risk investments with lower interest rates.
Therefore, option c) accurately captures the distinction between saving and investing interest by highlighting that savings interest is simple (not compounded) while investing interest is typically compounded.
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What is a whistleblower?
A. A person who witnesses illegal or unethical behavior and doesn't
report it
B. A person who reports on a business or organization engaging in
illegal or unethical activities
C. A person who is involved in illegal or unethical activities within a
company
D. An organization that reports the illegal or unethical activities of
another organization
A person who witnesses illegal or unethical behaviour and doesn't report it is a whistleblower. Hence, option A is correct.
What is whistleblower?Whistleblowers are those who disclose the appropriate information to the appropriate parties. A legal whistleblower is someone who provides information to a designated receiver that they frankly believe demonstrates wrongdoing, to put it another way.
Employees who reveal malpractice they believe is in the public interest are known as whistleblowers. Whistleblowing can take several forms, including reporting theft and unethical or unfair workplace behaviour like racism, sexism, or homophobia.
The US police were the first group to be called "whistle blowers," as they blew whistles to draw attention to wrongdoing and sailors would "whistle for it" when a wind was needed to free a becalmed ship.
Thus, option A is correct.
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what does ""rolling the outstanding balance into a new loan"" mean?
When rolling the outstanding balance into a new loan, it implies that a borrower who has an unpaid balance on a current loan seeks to apply for a new loan and moves that balance to a new loan.
What is rolling the outstanding balance into a new loan?
Rolling the outstanding balance into a new loan is the process of moving an unpaid balance from an existing loan to a new loan with new terms and conditions.
Refinancing is the most common method of rolling the outstanding balance into a new loan, and it involves obtaining a new loan with lower interest rates and better repayment terms than the previous one.
The amount left on a current loan is added to a new loan as a new principal, and the borrower starts repaying it as part of the new loan. Consolidating several debts into a single, more affordable payment, this strategy assists borrowers in managing their debts more effectively.
In summary, rolling the outstanding balance into a new loan refers to the transfer of a borrower's remaining debt from a previous loan to a new one, typically in the form of refinancing, which comes with more favorable terms and a lower interest rate.
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How can you tell if a guy doesnt put the effort in being with you anymore, its online and long distant cause he lives 8 hours away from me and were both 17 have already experienced heartbreak, it was great and fun at first and he was so shy and loving and wanted to meet but now he’s dodging to see eachother and every night we call before we both go to bed and sleep while on call but after my mother passed away June 29th hes been distant and mostly plays his game Smite idk if he’s serious about me i mean he tells me he loves me and ofc i love him back hes my entire world in my mind, im always very wholesome with him he says but when i ask how he feels he says he doesnt know and i dont show it to him but that kinda hurts when the guy doesnt know... anyway if you have any advice please tell me im desperate and i cant seem to keep my feelings from leaking out and it just hurts i dont wanna tell him cause then he will be upset and i dont want that..
Answer:
his body language would change around you and when a guy says he doesnt know means he doesnt know hes processing about how he really feels about you.
Your class has 14 male and 17 female
students. What fraction of your class is
female?
The fraction you would get would be 17 over 31
which of the following best captures what is meant by the 'double coincidence of wants' in economics and what it has to do with the 'myth of barter'? (pg. 36) group of answer choices the problem that, for a barter exchange to work, each party has to have something the other wants. in the standard 'myth of barter' story, money solves this problem by always being an acceptable mode of payment. a property of currency such that a given quantity of the currency is valued equally by both parties to an exchange. in the 'myth of barter' story, stamped coinage enforced by accurate weights and measures ensures this. a driving force of economic productivity such that human beings generally want both what they already have and more than they have at any time. in the standard 'myth of barter' story, this is what drives the development of markets and then the invention of currency. in any given exchange, both parties want a certain value denominated in units of a shared currency or else the exchange will not occur. in the standard 'myth of barter' story, using weights of metal allows for accurate accounting of the value of currency so that ea
The double coincidence of wants in economics refers to the problem that, for a barter exchange to work, each party has to have something the other wants. In the standard 'myth of barter' story, money solves this problem by always being an acceptable mode of payment.
In a barter system, two parties must each possess a good or service that the other desires for an exchange to occur. This can be difficult and inefficient, as finding a perfect match is often challenging. The 'myth of barter' suggests that money was invented to overcome this issue.
Money serves as a universally accepted medium of exchange, eliminating the need for a double coincidence of wants. It simplifies transactions by allowing parties to trade goods and services for money, which can then be used to purchase other desired items.
This development significantly improved the efficiency of markets and facilitated economic growth.
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What does indigenous technology mean?
Answer: I hope this is helpful mark brainlist if right then no if wrong
Explanation:
Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.Technologies employed by the native inhabitants of a country and which constitute an important part of its cultural heritage and should therefore be protected against exploitation by industrialized countries; the problem of indigenous knowledge has been discussed during the Rio Conference but it does not receive much ...Types of indigenous technology in India are; (i) Generic Drugs. (ii) Thorium based Nuclear Reactors. (iii) Plastic RoadsIndigenous Technology is created within a sensory environment that builds on our sense of relationship, meaning, balance, feeling, memory and place as well as sight, sound, smell, taste and touchIndigenization is the process by which Indigenous ways of knowing, being, doing and relating are incorporated into educational, organizational, cultural and social structures of the institution.One example of Indigenous Technologies in action today can be witnessed in differential approaches to medicine. Medical technologies in the Western Scientific sense of the term might conjure images of biomedical research labs, electromagnetic monitors or imaging systems such as CT or MRI scans.Indigenous technology is used by the native inhabitants of a country or region and it constitutes an important part of its cultural heritage. Characteristically, indigenous technologies: Are recognized as animate, imbued with the breath of life and they live in form and function.
Investment 2 Study questions Practice Questions: 1. On January 1, Stacy's portfolio was valued at $96,534. During the year Stacy received $3,285 in interest and $4,100 in dividends. She also sold one stock at a gain of $850. The value of the portfolio on December 31 of the same year was $113,201. At the end of June, Stacy withdrew $5,000 from the portfolio. What is the holding period return for the year? (refer slides for the formula) Sol: 25. 8% 2. Six months ago, Suzanne purchased a stock for $28 a share. Today she sold the stock at a price of $32 a share. During the time she owned the stock, she received a total of $1. 30 in dividends per share. What is her holding period return? Sol: 18. 9% 3. On January 1, Tim's portfolio was valued at $432,098. During the year Tim received $10,563 in interest and $15,060 in dividends. He also sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any more funds nor withdraw any funds during the year. On December 31 of the same year, Tim's portfolio was valued at $398,189. What is the holding period return for the year? Sol: -1. 9%
The holding period return for Stacy's portfolio for the year is 25.8%. The holding period return for Suzanne's stock is 18.9%.Tim's holding period return for the year is -4.67%, indicating a negative return.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
In Stacy's case, the beginning value of her portfolio on January 1 was $96,534, and the ending value on December 31 was $113,201. She received $3,285 in interest, $4,100 in dividends, and had a gain of $850 from selling a stock. She also withdrew $5,000 at the end of June.
Holding Period Return = [($113,201 - $96,534 + $3,285 + $4,100 + $850) - $5,000] / $96,534
= ($24,902 + $4,100 + $850 - $5,000) / $96,534
= $24,852 / $96,534
= 0.257 or 25.8%
Therefore, the holding period return for Stacy's portfolio for the year is 25.8%.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends] / Beginning Value
In Suzanne's case, the beginning value of the stock was $28 per share, and the ending value was $32 per share. She received $1.30 in dividends per share.
Holding Period Return = [($32 - $28) + $1.30] / $28
= ($4 + $1.30) / $28
= $5.30 / $28
= 0.189 or 18.9%
Therefore, Suzanne's holding period return for the stock is 18.9%.
In the case of Tim's portfolio, the holding period return for the year is -1.9%.
Tim's portfolio had an initial value of $432,098 on January 1 and a value of $398,189 on December 31. He received $10,563 in interest and $15,060 in dividends. However, he sold stock at a net loss of $12,870 and used the proceeds to purchase another stock. Tim did not contribute any additional funds or make any withdrawals during the year.
Holding Period Return = [(Ending Value - Beginning Value) + Dividends + Gain] / Beginning Value
= [($398,189 - $432,098) + $10,563 + $15,060 + (-$12,870)] / $432,098
= (-$33,909 + $10,563 + $15,060 - $12,870) / $432,098
= -$20,156 / $432,098
= -0.0467 or -4.67%
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PLEASE HELP ME!!!!! I need to know the best ways to make a small business known. I just started a small Scentsy® business with my mom. I don't do social media and my moms is mainly her private friends even though it is public.
Answer:
Buy ads and get social media
Explanation:
sally agrees to mow paul's yard for $300 for the summer. paul wishes to assign the contract to his grandmother. sally objects because paul's yard is very small while his grandmother's yard is over an acre. which of the following is the correct legal outcome for the dispute between sally and paul?
The legal outcome of the dispute between Sally and Paul will be, Sally will win because Paul's attempted assignment would increase the duties to which she agreed.
What is dispute resolution?Dispute resolution or dispute settlement is the process of resolving disputes between parties. The term dispute resolution is sometimes used interchangeably with conflict resolution.
Prominent venues for dispute settlement in international law include the International Court of Justice formerly the Permanent Court of International Justice, the United Nations Human Rights Committee which operates under the ICCPR and the European Court of Human Rights. The Panels and Appellate Body of the World Trade Organization and the International Tribunal for the Law of the Sea.
Half of all international agreements include a dispute settlement mechanism.
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Which of the following statements best characterizes the bottom line of security for e-commerce?
A) Good security is expensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
B) Good security is inexpensive but critical, and it is the responsibility of the customer to ensure that his or her private information is secure.
C) Good security is expensive but crítical, and it is the responsibility of the business to ensure that the customer's private information is secure.
D) Good security is inexpensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure.
Answer:
Good security is expensive but critical, and it is the responsibility of the business to ensure that the customer's private information is secure. C
Explanation:
The flowchart above illustrates which type of organizational message?
a.
upward
b.
lateral
c.
grapevine
d.
downward
Answer:
upward is the correct answer
Has this white's video prompted you to make any changes in the way that you view or manage your personal finances? Do you think it will impact how you handle your personal finances in the future? Explain.
The video by Elizabeth White should prompt people to make a change in how they handle their finances as it shows how easily our finances can take a turn for the worst.
Why should be manage our personal finances effectively?In this TED Talk, Elizabeth White talks about how her's and the Boomer generation's personal finances are in never ending trouble and how they are being blamed for not planning their finances well.
It shows how easily things can change for the worst financially as Elizabeth White went through a tough time.
This shows that it is important to take stock of our finances such that we won't go through what she did and be able to survive financial emergencies. We can do this by saving up and talking to financial planners.
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What do you think are the advantages and disadvantages of Jake promoting his business as “Made in America”?
The advantages of Jake promoting his business as “Made in America” are:
Patriotic satisfaction.There is a lot of cash flow.Encourage domestic production.It disadvantage includes:
It pricing in different regions.It does not appeal to the general populace.What is marketing and promotion?Increasing a product's visibility and bringing it in front of potential customers are the main goals of marketing. The goal of marketing is to convert visitors into customers, and promotions are the last step in that process. Overall, the difference between marketing and promotion is one of conversion vs. awareness.
In the 4Ps of marketing, promotion is included. It all comes down to methods and strategies for getting a message across to a target market about a product. Increasing demand, showcasing your product, and differentiating it are the three main objectives of promotions.
Therefore, If you want the consumer to pay more for a product that was made just as well, but cheaper elsewhere, the slogan "Made in America" will never be effective. Making the product better is the only option if you are unable to reduce its price.
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A company’s decision to offer discounts for early payment has the potential to increase sales volume, but comes at the cost of slower cash collection. True or false?.
A company's decision to offer discounts for early payment may enhance sales volume, but at the expense of slower cash collection.. The given statement is False.
Credit sales can be used to get new clients more quickly. By providing loans, a business may draw in more clients. Sometimes customers don't have enough cash on hand. Giving customers credit allows them the freedom to make purchases now and pay for them later.
Offering a discount for early payment has no effect on the price at which the products are sold. Customers can only reduce the total amount owed if they pay you within a particular time frame; otherwise, the entire amount owed remains unchanged.
The Cash account is debited and the Notes Receivable account is credited when money is received for the discounted notes. The Interest Income account is credited if the proceeds are greater than the note's face value. Interest expense is deducted if the proceeds are less than the note's face value.
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in which of the following situations, if any, will the kiddie tax not apply? a. the child is married but does not file a joint return. b. the child has unearned income of $2,200 or less. c. the child has unearned income that exceeds more than half of his (or her) support. d. the child is under age 24 and a full-time student.
When the child has an unearned income of $2,200 or less, the kiddie tax will not apply.
The kiddie tax rule is a provision of the Internal Revenue Code that applies to certain unearned revenue of children in the United States, regardless of whether the child can be listed as a dependent on the parent's tax return. In 1986, special tax legislation known as the "kiddie tax" was established to handle investment and unearned income tax issues for people 18 years of age or younger and dependent full-time students under the age of 24. Children under the age of 18 and full-time students between the ages of 19 and 24 who have investment and unearned money above a level that is set yearly are subject to the kiddie tax.
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