answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Veseljchak [2.6K]
2 years ago
15

The Smith family adopted a child. The adoption procedure took about three months, and the family incurred various expenses. Will

the Smiths receive any financial benefit for the taxable year?
Business
2 answers:
Zolol [24]2 years ago
8 0
Yes, the Smith family receive financial benefit for the taxable year. Adopting a child allows the family to ask for refund spent for adoption tax credits. This is application if the child is not over eighteen and is not a stepchild of your wife or husband.
Zina [86]2 years ago
3 0

Yes, the Smith family will receive financial benefits for the taxable year. When you adopt a child, there are parts of the adoption process that are tax write offs for the family. Depending on the money spent, the different fee's paid and what all went into the adoption certain parts will be a tax credit they can apply and use as a deduction. Most of the time the expenses have to be at or over a percentage of your income.

You might be interested in
Scora, Inc., is preparing its master budget for the quarter ending March 31. It sells a single product for $50 per unit. Budgete
valentina_108 [34]

Answer:

As per Sales Budget the budgeted sales for the quarter four are $240,000. Below is the Sales budget.

Explanation:

Scora, Inc.    

Sales Budget    

Month Budgeted Unit Sales Budegted Unit Price Budgeted Total Sales

                                  (A)                             (B)               (A*B)

January                          1200                   $50            $60,000

February                         2000                   $50            $100,000

March                         1600                   $50            $80,000

Total for the quarter 4800                   $50            $240,000

Hence, it is concluded that the budgeted sales for the January, February, March are $240,000.

5 0
2 years ago
Danny mentions that he is only in business if his employees are happy to come to work. Based on McGregor's work, Danny would hav
Salsk061 [2.6K]

Answer:

Theory Y views

Explanation:

According to McGregor, managers who subscribe to the theory Y assumptions have an optimistic view of their employees. They regard employees as intelligent and innovative people who can provide solutions to the organization's problems. Theory Y managers appreciate employee differences, encourage them to improve their skills and work rate.

<u>Assumptions of Theory Y include</u>

  1. Employees are happy to work on their initiative.
  2. Workers like to be involved in decision making.
  3. Workers are self-motivated and like to complete their tasks.
  4. Employees willingly seek and accept responsibility
  5. View work as fulfilling and challenging.
  6. Have the ability to solve the organization's problems creatively and innovatively.
6 0
2 years ago
How has globalization contributed to the need for diversity awareness in our organizations?
amid [387]

Answer and explanation:

Globalization has lowered barriers among countries. From a computer, people in remote parts of the world can access to information about attracting countries that offer job positions matching their skills. Some of them are qualified employees that contribute to foreign entities to improve thanks to their diverse experience. Of course, firms have noticed this fact and are more conscious nowadays that overseas employees can play a key role in achieving their objectives. That is the reason why they have started to open up positions especially for qualified immigrants.

3 0
1 year ago
Outsourcing of services is:______. a. decreasing in volume and scope. b. increasing in volume and scope. c. increasing in volume
grin007 [14]

Answer:

b. increasing in volume and scope

Explanation:

Outsourcing refers to assigning routine day to day tasks of less significance to an outside firm at a contractual price, with dual motive of saving time and focusing upon more important tasks and also to avail specialized services of an outside firm to ensure efficiency.

For example, a company may outsource it's human resource management function to third party consultants rather than conducting recruitment on it's own.

With the growth in businesses and with increased competition, the need to focus upon strategic tasks has increased which calls for growth in outsourcing function owing to which outsourcing of services has increased both in volume and scope.

3 0
1 year ago
Read 2 more answers
As an HR specialist at a large auto manufacturer, you have noticed that many of the technicians employed by your firm are bored
amid [387]

Answer:

A. Implementing a job rotation program

Explanation:

Implementing a job rotation program basically gives a view of the entire business, it cross-train employees and nurtures a future talent for improvement. It can be beneficial to both employer and employee.

6 0
2 years ago
Other questions:
  • What organizational pattern would probably be most effective for arranging the main points of a speech with the central idea "es
    10·1 answer
  • Suppose that you run the central bank of Fredonia. If you were concerned that monetary surprises may destabilize the economy, yo
    14·1 answer
  • At December 31, 2020, Redmond Company has outstanding three long-term debt issues. The first is a $2,000,000 note payable which
    10·1 answer
  • Brief Exercise 5-8 Cullumber Company has a unit selling price of $630, variable costs per unit of $300, and fixed costs of $327,
    8·1 answer
  • Henry Co. manufactures DVD players. At the end of Year 1, Henry's management believes the growing popularity of streaming video
    13·2 answers
  • You are implementing a new server that will connect 10 client computers to the Internet to access a company application. None of
    6·1 answer
  • Rosco Taxi Service uses the units-of-activity method in computing depreciation on its taxicabs. Each cab is expected to be drive
    7·1 answer
  • Barkley Company has a piece of equipment that it has been depreciating for 3 years. The equipment originally was estimated to ha
    6·1 answer
  • Which of the following statements is true about working in a CERT? A. CERT volunteers may be assigned to smaller teams for speci
    6·1 answer
  • Kotrick Company has beginning inventory of units and expected sales of units. If the desired ending inventory is ​units, how man
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!