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Fofino [41]
2 years ago
13

The earned income credit: a.Must be calculated on earned income as well as adjusted gross income in some cases. b.Is available o

nly if the taxpayer has qualifying children. c.Is available to married taxpayers who file separate returns. d.Cannot exceed the amount of the tax liability.
Business
1 answer:
melomori [17]2 years ago
7 0

Answer:

Option A: Must be calculated on earned income as well as adjusted gross income in some cases

Explanation:

Earned Income Credit also abbreviated to EIC is known to be a refundable tax credit. It is usually for qualified (low-income) taxpayers who have earned income such as wages.

Earned income are simply wages, self-employment income, and eligible disability pay.

The reason/purpose of the Earned Income Credit is to limit or reduce the tax burden on working families with lower earned income.

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Chiptech, Inc., is an established computer chip firm with several profitable existing products as well as some promising new pro
vaieri [72.5K]

Answer:

$11

Explanation:

"The required return for the computer chip industry is 15%, and the company has just gone ex-dividend (i.e., the next dividend will be paid a year from now, at t 1) (Round your answer to 2 decimal places.)"

g = ROE*b

g = ROE * (1-Payout ratio)

g = 20% * (1-0.5)

g = 10%

P0 = D1/k-g

P0 = D0(1+g) / k-g

P0 = 0.5(1+0.10) / (0.15+0.10)

P0 = $11

S0, the market price of Chiptech stock is $11

7 0
2 years ago
Which economic question is addressed by targeting teenage buyers?
AlexFokin [52]
"<span>For whom to produce?" is the one economic question among the following choices given in the question that </span><span>is addressed by targeting teenage buyers. The correct option among all the options that are given in the question is the first option. I hope that this is the answer that has actually come to your desired help.</span>
6 0
2 years ago
On July 16, 2019, Logan acquires land and a building for $500,000 to use in his sole proprietorship. Of the purchase price, $400
stellarik [79]

Answer and Explanation:

The computation is shown below:

a) The adjusted basis for the land and the building at the acquisition date is

Land = $100,000

Building = $400,000

We recognized the purchase price of land and building

b. And, the adjusted basis for the land and the building at the end of 2019 is

Land = $100,000

Building is

= $400,000 - $4,708

= $395,292

We considered the cost recovery   for the computation above

4 0
2 years ago
On March 1st, Mr. Smithe signed up for a fitness program at Fit Co. and paid $960 for the entire program upfront. The program in
vichka [17]

Answer:

Revenue - March = $160

Explanation:

The accrual principle in accounting states that the revenues for a period should match the expenses for that particular period and any revenue or expense should be recorded in the period to which it relates to. This means that the upfront fee received by Fit Co. is a liability and should not be recorded as a revenue until it is earned. So, by providing two sessions in the month of March, Fit Co. has earned revenue for 2 sessions out of the twelve. Thus, at the end of March, Fit Co. should record a revenue of,

Revenue - march = 960 * 2/12 = $160

8 0
1 year ago
The floating rate feature on preferred stock allows the shareholders
KIM [24]

Answer:

d) to receive a higher or lower dividend yield depending on current competitive market conditions

Explanation:

The floating rate feature on preferred stock allows the shareholders to receive a higher or lower dividend yield depending on current competitive market conditions. The reason is the dividend on preferred stock varies with change in market rates.

7 0
1 year ago
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