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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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The Press has total assets of $848,000 and total debt of $402,000 on a market value basis. There are 25,000 shares of stock outs
Kaylis [27]

Answer: $17.84

Explanation:

The following can be reduced.fromcthe question:

Total Assets = $848,000

Total Debt = $402,000

Total equity = Total asset - total debt

= $848,000 - 402,000

= $446,000

Outstanding Shares = 25,000

Value per shares:

= $446,000/25,000

= $17.84

Value of shares repurchased =$40,000

Number of shares repurchased:

= $40,000/17.84

= 2,242.15

= 2242 approximately

Number of shares outstanding:

= 25,000 - 2,242

= 22,758

Value of shares outstanding:

= $446,000 - 40,000

= $406,000

Price of Shares = Value of shares/number of shares

= $406,000 / 22,758

= $17.84

7 0
2 years ago
Nowadays, there are several ways to access the electronic banking environment. Which of the following is not one of them?
labwork [276]
<span>A calculator (answer C) is not way to access the electronic banking its kinda common sense</span>
8 0
2 years ago
Compare transnet with a perfect competitor in terms of price and output and profit
Sergeu [11.5K]
Transnet SOC Ltd is a rail, port, and pipeline company in Johannesburg. 

Price: This company is a price maker, therefore, in terms of price, Transnet perfect compitetor is a price taker.

Output: Transnet has the ability to decide the quantity of their output and they have many competitors on this one.

<span>Profit: Transnet might be able to increase their profit but in a competition it would be hard because customers might switch to the competitor. </span>
6 0
2 years ago
Which of these career positions typically advise customers of the amount of money they need to support their families in case of
Ksenya-84 [330]
C, financial manager
3 0
2 years ago
Read 2 more answers
The Thomas Cook travel agency has experienced financial setbacks due to the Iraq war, the SARS epidemic, and unusually hot weath
Tomtit [17]

Answer:

Threats in its external environment.

Explanation:

Situational analysis can be described as the thorough examination of the internal and external constituents of an organization.

Situational analysis is employed by different organizations to help identify their strengths and weaknesses. It helps to examine the capabilities of employees within an organization.

Situational analysis helps to identify the current strategies and activities that have been put in place inorder to solve problem. It also helps to get a clear insight into the different opinions and experiences of stakeholders.

4 0
2 years ago
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