Mr. and mrs. cox reported $415,900 agi on their 2018 joint return. the couple has three dependent children under age 17. compute their child credit. group of answer choices
Answers
The couple has three dependent children under the age of 17, their child credit is $ 1,500.
The child tax credit score has reverted to $2,000 per infant beneath 17 without an increase in month-to-month checks. The 2021 extended toddler tax credit score helped reduce toddler poverty with the aid of about 30% as of December, as measured by way of month-to-month profits, according to the middle on budget and coverage Priorities.
The USA federal baby tax credit is a partially-refundable tax credit for dads and moms with structured kids.
Child Tax Credit would be calculated as follows:
$ 490,000 - $ 400,000 = $ 90,000
$ 90,000 * ( 50 / 1,000)
= $ 4,500
Tax Credit for each child for 6 to 17 years would be = 2,000 * 3 = $ 6,000
Child Tax Credit = $ 6,000 - $ 4,500 = $ 1,500.
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Related Questions
Peyton Manufacturing is trying to decide between two different conveyor belt systems. System A costs $280,000, has a four-year life, and requires $85,000 in pretax annual operating costs. System B costs $396,000, has a six-year life, and requires $79,000 in pretax annual operating costs. Both systems are to be depreciated straight-line to zero over their lives and will have zero salvage value. Suppose the company always needs a conveyor belt system; when one wears out, it must be replaced. Assume the tax rate is 25 percent and the discount rate is 9 percent. Calculate the EAC for both conveyor belt systems. (Your answers should be negative values and indicated by minus signs. Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
Answers
The EAC is the annual cost that would be equivalent to the costs incurred over the life of the system. To calculate the EAC (Equivalent Annual Cost) for each conveyor belt system, we need to determine the annual cash flows for each system and then calculate the present value of those cash flows.
For System A:
Initial Cost: -$280,000
Annual Operating Costs: -$85,000
Annual Cash Flow: -$85,000 (Operating Costs)
Depreciation Expense: -$280,000 / 4 = -$70,000
To calculate the tax savings from depreciation, we multiply the depreciation expense by the tax rate:
Tax Savings: $70,000 * 0.25 = -$17,500
Net Cash Flow (Year 0): -$280,000
Net Cash Flow (Years 1-4): -$85,000 - $17,500 = -$102,500
For System B:
Initial Cost: -$396,000
Annual Operating Costs: -$79,000
Annual Cash Flow: -$79,000 (Operating Costs)
Depreciation Expense: -$396,000 / 6 = -$66,000
Tax Savings: $66,000 * 0.25 = -$16,500
Net Cash Flow (Year 0): -$396,000
Net Cash Flow (Years 1-6): -$79,000 - $16,500 = -$95,500
Next, we calculate the present value of the net cash flows for each system using the discount rate of 9%.
For System A:
EAC_A = PV of Net Cash Flows / PVIFA(9%, 4)
EAC_A = [(-$280,000) + (-$102,500) / 0.09] / [1 - (1 / (1 + 0.09)^4)]
EAC_A = (-$382,500 / 0.3053) = -$1,252,955.14
For System B:
EAC_B = PV of Net Cash Flows / PVIFA(9%, 6)
EAC_B = [(-$396,000) + (-$95,500) / 0.09] / [1 - (1 / (1 + 0.09)^6)]
EAC_B = (-$491,500 / 0.4024) = -$1,221,512.40
Therefore, the EAC for System A is -$1,252,955.14 and for System B is -$1,221,512.40.
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Points which will benefit in business
Answers
Answer:
thanks ms girl :)))
Explanation:
:)))
Identify two simplifying assumptions associated with discounted cash flow methods of making capital budgeting decisions.
Answers
The idea that all cash flows happen at the end of a period is one. Another is the prompt reinvestment of all cash inflows at a rate of return equal to the discount rate.
What is capital budgeting?
A business uses capital budgeting to decide which planned fixed asset purchases it should approve and which it should reject. Each proposed fixed asset investment is given a quantitative assessment through this procedure, providing a sound foundation on which to base a decision. In corporate finance, capital budgeting and investment evaluation refer to the planning process used to assess whether a business should make long-term investments in new or replacement machinery.
The term "discounted cash flow" (DCF) refers to a method of valuation that calculates an investment's value based on its anticipated future cash flows. Using estimates of how much money an investment will make in the future, DCF analysis seeks to evaluate the value of an investment today.
The idea that all cash flows happen at the end of a period is one. Another is the prompt reinvestment of all cash inflows at a rate of return equal to the discount rate.
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What does the St stand for in the formula to calculate moving averages of sales forecasting?
Formula:
Ft+1=(St+St+St-2+...+St-N-1/N)
Answers
Why is the fed often referred to as a "lender of last resort," or the last lender to turn to in a crisis?.
Answers
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A lender of last resort is the organization in a business system that serves as the provider of liquidity to a business company which finds itself incapable to achieve enough liquidity in the interbank lending market and other facilities or sources have been consumed.
Can you give me brainliest please?
Answer:
It offers banks financial protection to keep consumers from panicking.
Explanation:
A finance question that I need help with.
Answers
If the activity level drops by 5%, variable costs should:
A) increase per unit of product
B) drop in total by 5%
C) remain constant in total
D) decrease per unit of product
Answers
If the activity level drops by 5%, variable costs should decrease per unit of product.
Variable cost is the cost of producing a product that varies according to the number of units produced.
If the activity level drops by 5%, this means that there will be a decrease in the number of units produced, therefore, the variable cost will also decrease per unit of product.
This is because fixed costs will still need to be paid even if production decreases. As a result, the fixed costs will be spread over fewer units, resulting in a higher cost per unit. Variable costs are business expenses that change as production levels change.
These expenses increase as production levels increase and decrease as production levels decrease.
The most common examples of variable costs are direct labor and materials. Other examples include packaging, shipping, and sales commissions.
Variable costs are usually expressed as a per-unit cost, which means that the variable cost per unit decreases as production levels increase and increases as production levels decrease.
The total variable cost, however, increases or decreases directly with the level of production.
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The current spot exchange rate is $1.50/€ and the three-month forward rate is $1.55/€. Based on your analysis of the exchange rate, you are confident that the spot exchange rate will be $1.52/€ in three months. Assume that you would like to buy or sell €1,000,000. What actions do you need to take to speculate in the forward market? Buy €1,000,000 today at $1.50/€; wait three months, if your forecast is correct sell €1,000,000 at $1.52/€. None of the other answers Sell €1,000,000 today at the spot rate, buy €1,000,000 forward. Wait three months, if your forecast is correct buy €1,000,000 at $1.52/€. Buy €1,000,000 today at the spot rate, sell €1,000,000 forward.
Answers
To speculate in the forward market based on the forecasted spot exchange rate of $1.52/€ in three months, you should buy €1,000,000 today at the spot rate of $1.50/€ and sell €1,000,000 forward.
Based on your analysis and forecast that the spot exchange rate will be $1.52/€ in three months, the recommended strategy to speculate in the forward market would be to purchase €1,000,000 at the current spot rate of $1.50/€. By buying at the spot rate, you secure the currency at the current exchange rate.
Then, you would sell €1,000,000 forward, committing to deliver the euros at the agreed forward rate. This strategy allows you to take advantage of the anticipated exchange rate movement.
If your forecast is accurate and the spot rate does reach $1.52/€ in three months, you would sell the euros at the higher forward rate, resulting in a profit from the exchange rate difference. However, it's important to note that exchange rates are subject to various factors and can fluctuate, so speculation always carries some level of risk.
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To be more efficient in formatting tasks, it is important to follow best practices when designing type. Which scenarios
show the applications of best practices when designing type? Check all that apply.
Joe uses an 8-point font.
Angelo uses one type of font in his document.
Jeremiah underlines words for emphasis.
Akilah indents and adds space between her paragraphs.i
Amy uses the hyphenation feature in her justified paragraphs.
Answers
Answer:
2 and 5
Explanation:
Scenarios that show the applications of best practices when designing type is
Angelo uses one type of font in his document.Amy uses the hyphenation feature in her justified paragraphs.Thus the correct option is B and E.
What is formatting?Document formatting describes the way a document is set up. It involves requirements on how a document should look. Formatting makes documentation appear professional and appealing.
While making any document it is required to choose one type of font which makes it a structured and systematic manner. various styles of font may distract the focus of the reader while taking look at the document.
Use of the hyphenation feature in her justified paragraphs to make it more clear and more structured to achieve a more uniform line length, Word's hyphenation feature enables the insertion of line breaks and hyphens within words.
Therefore, options B and E are the appropriate answer.
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Sometimes the government will step in when they feel the need to encourage competition in
a particular industry and to break up companies that have nearly complete control over a
particular market. What is it called when the government initiates action against companies
that appear to have too much power?
A.consumer protection
B.OSHA
C.monopolies
D.antitrust suits
Answers
are debt and delinquency a problem in america
Answers
Answer:
Average American household debt statisticsThe average American holds a debt balance of $96,371, according to 2021 Experian data, the latest data available. That's up 3.9 percent from 2020's average balance of $92,727, largely due to the rising balance of mortgage and auto loans.Explanation:
please follow me on inst agram
of all leadership variables, _____ leadership is the one most universally endorsed across cultures.
Answers
Answer:
transformational
Explanation:
What is a market economy?what are some disadvantages of living in a market economy? Explain
Answers
Answer:
A market economy is an economic system in which the decisions regarding investment, production and distribution are guided by the price signals created by the forces of supply and demand.
Disadvantages:
A tendency for an inequitable distribution of wealth, poorer work conditions, and environmental degradation.Since profit maximization is the biggest motivation for firms, they may try to reduce their costs unethically. Unemployment and Inequality.
The continuing development and improvement of computer information systems has made a powerful impression on Jaimie Hall, CEO of See-Saw City (SSC). The current computer system at SSC is seven years old, and while still highly useful and reliable, Jaimie is wondering if a new system would be more efficient and more useful. Jamie recognized that some of her managers would prefer to keep the old system, while others have been requesting that the company update its information capability. To overcome the resistance to the new system, Jamie can use any of the following techniques, EXCEPT
A. Education and Communication
B. Participation in designing the system
C. Coercion
D. All of these can be used
Answers
Answer:
C
Explanation:
A customer role describing a person or group who can make credible or recognized suggestions or recommendations to others regarding purchase choices is the
Answers
A customer role describing a person or group who can make credible or recognized suggestions or recommendations to others regarding purchase choices is the influencer role.
An influencer is an individual or entity that has the power to affect the purchasing decisions of others due to their expertise, authority, or popularity within a particular industry or niche. They have a significant following or audience who trust their opinions and rely on their recommendations when making purchasing choices.In the context of marketing and consumer behavior, influencers can be categorized into different types based on their reach and level of influence.
Some common types of influencers include:Celebrity Influencers: These are well-known public figures such as actors, musicians, athletes, or social media celebrities who have a large following. Their recommendations carry weight due to their fame and popularity.
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gaba corporation uses the first-in, first-out method in its process costing system. the grinding department started the month with 18,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. an additional 70,000 units were transferred in from the prior department during the month to begin processing in the grinding department. during the month 80,000 units were completed in the grinding department and transferred to the next processing department. there were 8,000 units in the ending work in process inventory of the grinding department that were 10% complete with respect to conversion costs. what were the equivalent units of production for conversion costs in the grinding department for the month
Answers
The equivalent units of production for conversion costs in the grinding department for the month are C. 80,800.
The equivalent units of production for conversion costs in the grinding department for the month can be calculated as follows:
Units in beginning work in process inventory = 18,000
Units transferred in from prior department = 70,000
Total units to account for = 88,000
To determine the equivalent units of production, we need to take into account the percentage of completion of units in beginning work in process inventory and ending work in process inventory.
Equivalent units of production = (Units in beginning work in process inventory x Percentage complete) + (Units started and completed during the period) + (Units in ending work in process inventory x Percentage complete)
Equivalent units of production = (18,000 x 60%) + 80,000 + (8,000 x 10%)
Equivalent units of production = 10,800 + 80,000 + 800
Equivalent units of production = 91,600
Therefore, the answer is C. 80,800.
The question was incomplete, Find the full content below:
GABA corporation uses the first-in, first-out method in its process costing system. the grinding department started the month with 18,000 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. an additional 70,000 units were transferred in from the prior department during the month to begin processing in the grinding department. during the month 80,000 units were completed in the grinding department and transferred to the next processing department. there were 8,000 units in the ending work in process inventory of the grinding department that were 10% complete with respect to conversion costs. what were the equivalent units of production for conversion costs in the grinding department for the month
A. 60,000
B. 80,000
C. 80,800
D. 70,000
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Discuss how a manager might make sure that the performance plan for each of her direct reports was driven by organizational strategy and the
business plan. How can information systems support this goal?
Answers
To ensure that the performance plan for each of her direct reports is driven by organizational strategy and the business plan, a manager can take several steps such as ensure that each direct report has a clear understanding of the organization's strategy. This information systems support this goal can be used to provide real-time performance data.
Firstly, she should ensure that each direct report has a clear understanding of the organization's strategy and how their role contributes to its achievement, this can be achieved through regular communication and training sessions. Secondly, the manager should work with each direct report to set performance goals that align with the organizational strategy. The goals should be specific, measurable, achievable, relevant, and time-bound. The manager should also ensure that each direct report has the necessary resources and support to achieve their goals.
To support this goal, information systems can be used to provide real-time performance data, such as sales figures, customer feedback, and productivity metrics. This information can be used to track progress towards goals and identify areas for improvement. Information systems can also be used to automate performance evaluations and provide performance feedback to direct reports. Overall, information systems can help to align performance plans with organizational strategy and improve the performance of direct reports.
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Shelly hired mostly high school and college students at her landscaping business. Although her company was earning a profit, it wasn't the success she envisioned. After talking with customers and potential customers, Shelly began to hire additional workers from different age groups and experience levels. Hiring workers with more experience enabled her to bid for more complicated projects and increased customers' confidence and satisfaction. This scenario illustrates the leadership concept of:
Answers
Answer:
Diversity promoter
Explanation:
Analyzing the scenario of the question above, it is correct to say that Shelly promoted diversity in the organization by hiring additional employees of different age groups and levels of experience, and thus managed to compete for more complicated projects and increased customer confidence and satisfaction.
The diversity in the organization promotes greater innovation, creativity and a culture more favorable to development, through the exchange of experiences, which benefits the internal and external environment, since there is greater identification of the problems related to each age group and greater satisfaction of the customers' needs. , which increases the company's positioning in the market and customer loyalty.
The price of mangoes is currently $5.00 per pound. At this price, producers are supplying 4,000 pounds of mangoes. Point C on the graph shows the current equilibrium price and quantity. To which point will the equilibrium shift if the demand increases suddenly because of a non-price determinan
t of demand?
Answers
Answer:
yes
Explanation:
Answer:
Point "B"
Explanation:
The following rule of thumb is to follow your equilibrium point. D2 "Demand Curve 2" and S1 "Supply Curve 1" illustrates how demand increases because of a non-price determinant.
You submit a bid of $125 per room for 60 rooms for two nights. The group's event planner says she will award you the bid
if you come down 12%. What is the new bid to secure the contract?
Answers
The new bid to secure the contract is:$13,200.
New bid to secure the contractFirst step is calculate the cost of rooms for two night
Cost=$125 per room×60 rooms×2 night
Cost=$15,000
Second step is to calculate the new bid
New bid=$15,000-(12%×$12,000)
New bid=$15,000-$1,800
New bid=$13,200
Inconclusion the new bid to secure the contract is:$13,200.
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Analyse and discuss the term ‘buyer motivation', in relation to innovative banking products and services.
Answers
Answer: Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item.
Explanation:
Buyer motivation could be described as factors(mind related) that are behind a customer's decision of purchasing an item. Every customer buying an item will consider a lot of things before getting one, although this varies compared to other person's. Some may buy out of a need, others a want, some panic buy. They all vary. Buying is more of a physiological thing than any other thing.
A whole supermarket shelf of snack food bags is marked, "Frito-Lay." This is an example of a(n)
brand.
a. co brand
b. individual
c private
d. wholesale
e. family
Answers
_____ encompasses loyalty and a deep concern for an organization's welfare.
Answers
Affective commitment encompasses loyalty and a deep concern for an organization's welfare.
Affective commitment refers to a psychological attachment and emotional connection an individual develops towards an organization. It goes beyond mere job satisfaction and encompasses loyalty and a deep concern for the organization's welfare. Employees with high affective commitment feel a strong sense of belonging and identification with the organization's values, goals, and mission.
They are genuinely dedicated and willing to invest their time, effort, and energy to contribute to the organization's success. Affective commitment is driven by positive emotions, trust, and a belief in the organization's purpose, fostering long-term engagement, dedication, and a desire to support the organization through thick and thin.
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Describe the steps you would take to prepare yourself for a new job.
Answers
Answer:
Tons of research! Make sure to ask questions when employers ask if you have anything you would like to know. Dress appropriately for the job and job requirements and come prepared and try not to use words like "Um" and "I'm not sure" often!
Explanation:
Job prep!
Period costs are always expensed on the income statement in the period in which ______.
Answers
Explanation:
Period costs are always expensed on the income statement in the period in which: they are incurred.
the document that determines what type of improvements you can build in a certain area is: select one: a. master plan. b. zoning ordinance. c. spot zoning. d. bulk zoning.
Answers
b. Zoning ordinance.
A zoning ordinance is the document that governs land use and development regulations in a specific area.
specifies the types of improvements allowed, such as residential, commercial, or industrial, and sets parameters for building size, height, setbacks, and other requirements. Zoning ordinances help maintain consistency and regulate land use patterns within a jurisdiction.
A zoning ordinance is a legal framework created by local governments to regulate land use and development within their jurisdiction.
It is a crucial tool used to determine what type of improvements can be built in a certain area. Zoning ordinances divide the land into different zones or districts, such as residential, commercial, industrial, agricultural, etc.
The purpose of a zoning ordinance is to promote orderly and compatible development, protect property values, ensure public safety, and preserve the character of a community. By defining specific land use categories and establishing regulations, such as building size, height restrictions, setbacks, parking requirements, and density limits, zoning ordinances help maintain a balance between different land uses and prevent incompatible activities from coexisting.
For example, a zoning ordinance may designate a particular area as residential, allowing only single-family homes and prohibiting commercial or industrial activities. Alternatively, it may designate an area as a mixed-use zone, allowing a combination of residential and commercial buildings. These regulations help guide development, manage infrastructure demands, and protect the interests of residents and business .
Zoning ordinances are typically created through a comprehensive planning process involving public input, research, and analysis of existing conditions and future growth projections. They are adopted by the local government, such as a city council or planning commission, and are enforceable by law. Zoning ordinances can be amended over time to adapt to changing needs and goals of the community.
In summary, a zoning ordinance is a crucial document that determines the types of improvements and activities permitted in a specific area. It provides guidelines and regulations to ensure orderly and compatible development while considering the interests and well-being of the community as a whole.
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what happens when you decide to issue an initial public offering
Answers
Answer:
speaking frankly I don't know the answers but still.......
Explanation:
An IPO is essentially a fundraising method used by large companies, in which the company sells its shares to the public for the first time. Following an IPO, the company’s shares are traded on a stock exchange. Some of the main motivations for undertaking an IPO include: raising capital from the sale of the shares, providing liquidity to company founders and early investors, and taking advantage of a higher valuation
When you decide to issue an initial public offering,it means that they are offering shares of their company to the public for the first time.
The process of issuing an IPO involves several steps and can take several months to complete. The following are the steps involved:
1. Hire an Investment Bank: The company hires an investment bank or several investment banks to underwrite the IPO. The investment bank will help the company to determine the appropriate price for the shares and the number of shares to be issued.
2. File Registration Statement: The company files a registration statement with the Securities and Exchange Commission (SEC). This document provides detailed information about the company, including its financials, management team, and the risks associated with investing in the company.
3. Marketing the IPO: The investment bank(s) will work to market the IPO to potential investors. This may involve roadshows, presentations, and other promotional activities to generate interest in the IPO.
4. Price Determination: The investment bank(s) will determine the price of the shares based on the demand generated during the marketing phase.
5. Shares are Sold: Once the price has been determined, the shares are sold to investors through a process called underwriting. The investment bank(s) buy the shares from the company at the IPO price and then sell them to investors.
6. Shares Begin Trading: After the IPO, the shares of the company begin trading on a public exchange. This means that anyone can buy or sell shares in the company on the exchange.
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hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
When gathering information about an industry, pay attention to whether it is a growth industry. What does this mean?
Answers
Answer:
Explanation:d. an industry that is growing and adding jobs which means it may be easier to get work
Dusty's Ice Cream has a net income of $80,000 and shareholder equity of 40 00
shares at $1 per common share. What is Dusty's Ice Cream's return on equity
What does this mean?
l
Answers
Dusty's Ice Cream's return on equity (ROE) can be calculated as follows:
ROE = Net Income ÷ Shareholder Equity
ROE = $80,000 ÷ (40,000 × $1)
ROE = 2
This means that Dusty's Ice Cream's net income is equal to 2 times the amount of its shareholder equity. In other words, for every $1 of shareholder equity, Dusty's Ice Cream generates $2 of net income.
In general, the return on equity is a measure of how much profit a company generates in relation to the amount of shareholder equity. A high ROE indicates that a company is using its equity efficiently to generate profit, while a low ROE may indicate otherwise.
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