Answer:
Allison can maximize her tax benefits by taking the Lifetime Learning Credit which results in a $300 tax credit.
Explanation:
Education credit:
Allison doesn't qualify for the American Opportunity Tax Credit (AOTC) since that only covers the first four years of college and even if she never attended college before, she would need to be enrolled at least half time.
She qualifies for the Lifetime Learning Credit (LLC) but it only covers 20% of the first $10,000 of expenses, in this case = $1,500 x 20% = $300 benefit
Tuition and fees deduction:
Allison can deduct $1,500 from her gross income = $1,500 x 15% tax rate = $225 benefit
Answer:
her total assets are $422,000
Explanation:
The computation of the total assets is shown below:
Jasmine Smith's total assets is
= Worth of condo + Value of car + Miscellaneous assets + Mutual fund investment
= $340,000 + $27,000 + $8,500 + $46,500
= $422,000
hence, her total assets are $422,000
We simply applied the above formula so that the correct amount could come
Answer:
Its operating expenses were $ 3.588 B
Explanation:
The operating ratio is the ratio of operating expense to the operating or revenue generated.
This ratio is used for comparison of results from the operations of various industries.
Given that the operating ratio of 78% and the operating revenue is $4.6B, the operating expense T may be computed as
78% = T/4.6 * 100%
T = 4.6 *.78
= $3.588 B
I believe the correct answer is Payment, because if the worker receives $500 EVERY TWO WEEKS it most likely means that is his payment or what he is employed for
