which of the following statements is false regarding the earned income credit (eic)? multiple choice maximum amount of the credit depends on the earned income and number of children. the credit is refundable. if certain requirements are met, a taxpayer may receive advance payments of eic. a taxpayer without children cannot claim the credit.
Answers
The following statement is false regarding the Earned Income Credit (EIC): a taxpayer without children cannot claim the credit.
The Earned Income Credit (EIC) is a tax credit designed for low-to-moderate-income earners. The credit is aimed at helping them reduce their tax bills or receive a refund. In general, the credit amount depends on a taxpayer's earned income and the number of qualifying children they have.
The credit is refundable, which means that if the credit amount is more than the tax liability, the taxpayer will receive a refund for the difference. Additionally, if certain requirements are met, a taxpayer may receive advance payments of EIC from their employer.
The false statement regarding the Earned Income Credit (EIC) is "a taxpayer without children cannot claim the credit." This is untrue because even if a taxpayer does not have children, they can still claim the credit if they meet the eligibility criteria.
To claim the EIC, a taxpayer must have earned income, must not have a filing status of "married filing separately," must be a US citizen or resident alien for the entire tax year, and must meet other requirements specified by the IRS.
To know more about Earned Income Credit click on below link:
https://brainly.com/question/30811274#
#SPJ11
Related Questions
At a local grocery store, they sell a Visa card that has a prepaid amount on it. People can use this card anywhere, but it cannot be used for more than its prepaid value. Which type of card is this?
A.
a debit card
B.
a smart card
C.
a stored value card
D.
a retail credit card
Answers
The type of the card is a Retail Credit card. Hence the option (D) is the correct one.
What is the function of retail credit cards work?For retail credit cards, an image You can potentially obtain benefits at some retail establishments if you have a retail store credit card.
Decide if you want a card that restricts the retailers with which you may earn rewards or one that enables you to earn rewards for regular purchases. Benefits could consist of privileged access to funding, exclusive deals, discounts, and awards.
For instance, paying in whole for a motorcycle costing $10,000 would be excessive for a buyer.
Consumer will receive a $10,000 loan from retail credit institutions, which will be repaid with interest over a period of time in the form of monthly installments.
Hence the correct option is (D).
Learn more about Retail Credit Card , from :
brainly.com/question/30225683
#SPJ1
Moneygrabber mutual fund gains 25% in year one and loses 20% in year two. What is its
actual annual return?
O-5%
0%
5%
10%
Answers
The actual annual return of Money grabber mutual fund is 0%. The appropriate response is option B.
What is mutual fund?A corporation that pools money from several people and invests it in securities like stocks, bonds, and short-term debt is known as a mutual fund. The portfolio of a mutual fund refers to all of its holdings. Mutual fund shares are purchased by investors. Each share reflects a shareholder's ownership interest in the fund and the revenue it produces.
The mutual fund gains 25% in year one and loses 20% in year two, thus the average annual rate of return is 2.5%. The actual annual rate is 0%.
The appropriate response is option B.
To learn more about mutual fund
https://brainly.com/question/7804398
#SPJ1
What was Mendel investigating with his second set of experiments? What was the outcome?
Answers
Gregor Mendel was examining the inheritance pattern of features that weren't prevalent in the initial hybrid plants in his second series of trials. He created the second generation of hybrids by crossing .
the first generation hybrids. Mendel noticed that features that had vanished in the first generation returned again in a 3:1 ratio in the second generation. This implied that qualities were inherited as separate units (later known as genes) that were passed on from parents to children independently of one another. Mendel's law of independent assortment was founded on this observation. Mendel's second round of studies also showed that characteristics were caused by outcome recessive genes that were expressed in the second generation if they were not expressed in the first.
learn more about outcome here:
https://brainly.com/question/27292589
#SPJ4
find the future value of an ordinary annuity of $60 paid at the end of each quarter for 3 years, if interest is earned at a rate of 4%, compounded quarterly.
Answers
The future value of an ordinary annuity of $60 paid at the end of each quarter for 3 years, if interest is earned at a rate of 4%, compounded quarterly will be 907.2$
What is Compounding?Compounding is the method through which interest is added to both the principle balance already in place and the interest that has already been paid. Thus, compounding can be thought of as interest on interest, with the result that returns on interest are magnified over time, or the so-called "magic of compounding." After a year, you would receive $10 in interest if you deposited $1,000 into an account with a 1% annual interest rate. Compound interest allowed you to earn 1 percent on $1,010 in Year Two, which amounted to $10.10 in interest payments for the year.
Hence, The future value of an ordinary annuity of $60 paid at the end of each quarter for 3 years, if interest is earned at a rate of 4%, compounded quarterly will be 907.2$
To learn more about compounding click,
https://brainly.com/question/24274034
#SPJ4
Your restaurant’s revenue is 710,000 expenses total 890,000 , and your total investment is 3 million. What is your return on investment
A) -6%
B) -3%
C) 1%
D) 6%
Answers
Answer:
A) -6%
Explanation:
in your opinion do you think raising the minimum wage is a good thing or a bad thing.
Answers
Answer:
Good thing
Explanation:
The government is already charging people at unnecessarily high rate for simple needs like food & gas, so why not help us pay for it. We can't legally print our own money and some people are stuck with minimum wage jobs due to lack of education, a disibility, etc, so by keeping the pay rate at this level they're basically asking for the poverty rate to rise.
What is one purpose of an essay's introduction paragraph?
47
O to provide a list of transitional words that will help your reader make sense of the writing
O to elaborate fully on one of the essay's main ideas
O to restate your main ideas and make a lasting impression on your reader
O to engage the reader by telling a personal story or sharing a startling statistic
Answers
Answer:
B.
Explanation:
To elaborate fully on one of the essay's main ideas. You want for your reader to know what they will be reading about.
the question "what advertising budget is needed to increase market share by 7%?" is a type of
Answers
The question of what advertising budget is needed to increase market share by 7% is a quantitative question that requires the use of mathematical or statistical methods to determine the required figure.
To answer this question, several factors must be considered, including the current market share, the size of the target market, the level of competition, and the effectiveness of the advertising campaign. It may involve the use of regression analysis or other predictive modeling techniques to estimate the relationship between advertising spend and market share. It is important to note that advertising is not the only factor that affects market share, and other variables such as product quality, pricing, and distribution channels should also be taken into account. The answer to this question will vary depending on the specific circumstances of the business and the industry it operates in.
Learn more about Advertising budget click here:brainly.com/question/4525215
#SPJ11
In addition to leading to the final decision to buy an item, consumer promotions programs help generate store traffic and _______________.
Answers
Consumer promotions programs can help generate store traffic and enhance brand loyalty, as well as leading to the final decision to buy an item.
What is an advertisement?An advertisement refers to consumer promotions programs that are designed and developed with the sole intention of making the various goods or services being offered by a business firm to become known, popular and familiar to all of its customers and potential customers.
This ultimately implies that, consumer promotions programs can help a business firm to generate store traffic and enhance brand loyalty, as well as leading to the final decision to buy an item.
Read more on advertisements here: brainly.com/question/10196860
#SPJ1
WILL GIVE BRAINLIEST
1. If the iPhone increases from $800 to $900, what does this do to demand?
A. Decreases Demand.
B. Decreases the Quantity Demand
C. Increases Demand
D. Increases the Quantity Demand
2. The price of gas is expected to increase later in the year. What will happen to the demand for SUVs later in the year?
A. Demand Increases
B. No change in demand
C. Demand Decreases
D. Quantity of Demand Decreases
3. The government has imposed a new regulation for car companies to install baby seat anchors to support baby seats in all new cars produced. How does this change supply for cars?
A. Does not impact supply
B. Decrease Supply
C. Decreases Quantity Supply
4. Papa Johns has a sale on pizzas, how does that impact demand?
A. Increases the Quantity Demand
B. Decreases the Quantity Supplied
C. Decreases Demand
Answers
Answer:
1)B
2)C
Explanation:
real estate agent claims that, all things being equal, houses with swimming pools tend to sell for more than houses without swimming pools. What does this statement mean? (Pick the best choice) The distribution of sale prices for houses with pools is shifted to the right of the distribution for houses without pools. The distribution of sale prices for houses with pools is shifted to the left of the distribution for houses without pools There is more variability in the prices of homes with pools than in the price of those without The most expensive homes sold probably have pools.
Answers
The mentioned statement means that the distribution of sale prices for houses with pools is shifted to the right of the distribution for houses without pools.
The statement made by the real estate agent suggests that the presence of a swimming pool is viewed as an attractive feature that can increase the value of a home.
When other factors such as location, size, and condition are held constant, homes with swimming pools tend to command higher prices than similar homes without pools.
This suggests that the distribution of sale prices for homes with pools is shifted to the right of the distribution for homes without pools, indicating a higher average sale price for homes with pools.
However, it is important to note that this statement does not imply that every home with a pool will sell for more than every home without a pool.
The relationship between swimming pools and sale prices may vary depending on local market conditions, as well as the quality and maintenance of the pool.
In summary, the statement made by the real estate agent implies that homes with swimming pools tend to sell for higher prices than homes without pools, on average. However, it is important to consider all factors that can affect a home's value when making a real estate transaction.
To know more about sale prices, refer to the link :
https://brainly.com/question/15192203#
#SPJ11
What do most business people think is the primary purpose of business?
A. To fix the problems of society
B. To invest all profits back into the business
C. To protect private property
D. To generate wealth
Answers
The most business people think generating wealth is the primary purpose of business. Therefore, option D is the correct option.
What is business?Businesses are economic activities. The activity of the business is performed by the people either in order to make money or to make simply a living. The activity of the business is performed by manufacturing goods, producing services, buying, and selling.
The major purpose of business is to earn profits. However, some businesses are in social service as well, they produce goods and services for the betterment of the society and the environment. Also, corporate social responsibility, which is paid by the business to the government helps in many ways.
The majority of businesspeople believe that making wealth is the main goal of their industry. As a result, choice D is the best one.
Learn more about business here:
https://brainly.com/question/18307610
#SPJ2
i will give brainiest to the answer that is right
Answers
Answer:
D. 14.99%
Explanation:
1. You are shy and not confident of your abilities to contribute to the group project. You're not good with
writing, can't come up with ideas, and are scared to present. As a result, you have contributed very little to the assignment thus far and are reluctant to volunteer yourself for tasks.
Answers
First, it is important to remember that everyone has something valuable to contribute to a group project, and that contribution can take many forms.
What is a group project.?Generally, Even if you don't feel confident in your writing or presentation skills, there are still ways to make your mark.
You could offer to do research on the topic, help organize the project and break down tasks, or take on tasks that don't require writing or presenting, such as developing a budget or timeline. You could also suggest ideas or ask questions during group meetings.
Finally, if you are feeling overwhelmed, reach out to your group members and talk openly about how you're feeling. They may be able to provide reassurance and help you come up with ideas.
Read more about group project.
https://brainly.com/question/29971672
#SPJ1
What federal laws protects you if you have a complaint regarding consumer credit?
Answers
Answer: The Consumer Credit Protection Act (CCPA)
Explanation:
In 1968, The Consumer Credit Protection Act was enacted was enacted so that people would only received fair credit practices and also to protect the consumers from harm
According to the CCPA, the total cost that is involved with regards to a loan must be disclosed. Therefore, the federal laws that protects you if you have a complaint regarding consumer credit is The Consumer Credit Protection Act (CCPA).
Heidi, the found of Camp Bow Wow, started a franchise instead of only having one location in part because: _____________
a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.
b. She had experience in founding other franchises, but her real dream was to build a business around animals.
c. She had her fill of corporate life and wanted to try building her own company.
d. She needed to recover the money she had wasted from the settlement in her late husband's plane crash lawsuit.
Answers
With the franchise of her Camp Bow Wow, a. It allowed her to work at realizing her vision and building the brand rather than the day-to-day operations of the business.
Heidi did not choose the franchise option because she had experience in founding other franchises, had her fill with corporate life, or needed to recover money wasted on the settlement of her late husband's plane crash lawsuit.
Thus, with her passion for the dog daycare business, she used the franchise option to duplicate and replicate the original business concept., thereby realizing her vision and building the Camp Bow Wow brand.
Learn more: https://brainly.com/question/18082361
THIS IS TIMED!!
Which tasks are typical for someone working in Buying and Merchandising? Select all that apply.
a. analyzing a product's supply chain
b. setting up products on shelves, displays, and storage areas
c. hiring, training, and supervising workers
d. analyzing customers' needs and problems, and identifying solutions
e. arranging news media interviews
f. packing products for customers to take out
g. writing press releases and delivering speeches to groups of people
Answers
Answer:
I think B,D,E
Explanation:
Typical Buying and Merchandising activities include hiring, training, and overseeing employees, assessing consumers' wants and issues, developing solutions, and organizing news media interviews. Thus, option B, D and E are correct.
What is merchandising?Merchandising is defined as any activity that aids in the selling of items to retail customers. At the retail level, merchandising refers to the imaginative presentation of things for sale in order to attract buyers to acquire additional items or products.
Hiring, training, and supervising staff are typical Buying and Merchandising operations, as are analyzing customer demands and challenges, devising solutions, and coordinating news media interviews.
Therefore, option B, D and E are correct.
To learn more about the merchandising, refer to:
https://brainly.com/question/17201577
#SPJ2
which form determines how much state income tax is withheld from your paycheck?
Answers
By completing Form W-4: An Employee's Withholding Allowance Certificate, you can let your employer know how much money should be taken out of your paycheck to cover federal paycheck taxes.
The federal government determines the paycheck taxes percentages that workers must pay. Payroll taxes or FICA (Federal Insurance Contributions Act) taxes are subtracted from your paycheck and include Social Security and Medicare taxes. Social Security taxes provide retirement and disability benefits for workers and their families. The Medicare tax, which also includes medical benefits, applies to all adults 65 years of age and over, as well as to some disabled people who are younger. It also applies to people with chronic renal failure who require dialysis or a transplant. Employers contribute to these payroll taxes in part.
Learn more about paycheck taxes here:
https://brainly.com/question/30057301
#SPJ4
why does producer surplus exist?some producers are willing to produce at a price that is below the equilibrium price.
Answers
Producer surplus exists when producers can sell goods at a price above their cost of production, earning a profit. It indicates profitability, encourages investment, and fosters economic growth.
Producer surplus exists because some producers are willing to produce at a price that is below the equilibrium price. The equilibrium price is the market price where the demand for goods and services is equal to the supply of goods and services. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is the difference between the amount a producer is willing to accept for a good or service and the amount they actually receive. Producers who can produce goods at a lower cost than the equilibrium price can sell their goods at a price that is above their cost of production and earn a surplus, which is the difference between the price they receive and the cost of production.Producer surplus is important because it indicates the level of profits that producers can earn from their production activities. When there is a producer surplus in a market, it means that producers are able to earn a profit from their production activities. The existence of producer surplus can also encourage producers to increase their output and invest in new technologies and processes, which can lead to further economic growth.For more questions on economic growth
https://brainly.com/question/30280812
#SPJ8
how do basic level occupation help society
Answers
Answer:
A job, employment, work or occupation, is a person's role in society. More specifically, a job is an activity, often regular and often performed in exchange for payment ("for a living"). Many people have multiple jobs (e.g., parent, homemaker, and employee). A person can begin a job by becoming an employee, volunteering, starting a business, or becoming a parent. The duration of a job may range from temporary (e.g., hourly odd jobs) to a lifetime (e.g., judges).
Basic level occupation can help our society in many ways. One of them is agricultural. A further explanation is provided below.
Agriculture would be essential employment across the globe even though it's the foundation or the core of all certain vocations, even though people must live.Otherwise, there'll be no significant population for any other activity, resulting in highly impoverished as well as uneducated people throughout the planet."
There are many jobs that a person can do like employee, homemaker, etc. A person can start his career with such jobs.
Learn more about basic level occupation here:
https://brainly.com/question/18911258
A promissory note: Multiple Choice Is a short-term investment for the maker. Is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date. Is a liability to the payee. Is created when a company sells its receivables to a finance company or bank. Cannot be used in payment of an account receivable
Answers
A promissory note is a written promise to pay a specified amount, usually with interest, either on demand or at a stated future date.
What is a promissory note?A promissory note is a debt instrument used by the note issuer to promise payment to the payee. The amount promised is ususally a definite amount of money and the date is usally specified. A promissory note is also known as notes payable.
To learn more about promissory notes, please check: https://brainly.com/question/948552
Strategic business units that compete in a low-growth market but hold considerable market share are called ________. Their earnings and cash flows are high and stable.
Answers
Strategic business units that compete in a low-growth market but hold considerable market share are called Cash Cows because their earnings and cash flows are high and stable.
What is the Cash Cow?The cash cow is a quadrant in the BCG matrix that shows that a unit has a consistently profitable business and possesses the following characteristics:
Competes in a low-growth market.Holds considerable market share.High and stable cash flows and earnings.Thus, the strategic business unit with the above characteristics is a cash cow.
Learn more about the BCG matrix at https://brainly.com/question/26633615
Does the efficient markets hypothesis imply that the average investor will not earn anything by purchasing stock?.
Answers
The efficient markets hypothesis (EMH) does imply that the average investor will not earn anything by purchasing stock. The hypothesis argues that stock prices reflect all publicly available information and that attempting to beat the market through stock picking or market timing is futile. This means that the market is efficient and that investors cannot earn more than the expected rate of return without taking on additional risk.
The EMH has three forms: the weak form, the semi-strong form, and the strong form. The weak form suggests that all past prices and volume data are already incorporated into current prices, making it impossible for investors to make a profit by using technical analysis. The semi-strong form suggests that all publicly available information is incorporated into prices, making it impossible to profit from using fundamental analysis. Finally, the strong form suggests that all information, whether public or private, is reflected in prices, making it impossible to make a profit from insider trading. As a result, the hypothesis implies that the market is efficient and that all investors have access to the same information, so there is no advantage to be gained by trying to beat the market.
Learn more about technical analysis: https://brainly.com/question/29577023
#SPJ11
A company using a coordinated message in advertising, direct marketing and digital marketing materials is an example of:________
Answers
It's the example of an Integrated market campaign (IMC), It's usually used by companies to make their marketing more effective.
It operates basically by connecting many things with each other and let a mutual campaign. an example is sending a message on any short code number to know the weather conditions in this we are using mobile by texting and during this, a list of goods could be advertised physically and by this campaign, the main goal is the weather but to know that we've to go through different steps.
On the other side the other example, American Airlines has launched a campaign under name of Transfarency. In this campaign they use
Televisions Radio Prints and digital assets-just to let the people know how they have to use the airport and the process of boarding. This campaign is successful because it contains a series of data and step-by-step procedures. How to check your bags? use of snacks and drinks, etc.
For more questions like integrated market campaign visit the link below:
https://brainly.com/question/28061999
#SPJ4
Please Help!!!!!!!!!!!!! Watch the Video and Answer the Question!
Briefly describe in your own words the history of Capitalism and Socialism. How and where did each of these systems start? Describe how each system works. Use evidence from the video to support your answer.
Capitalism and Socialism: Crash Course World History #33:
Answers
Answer:
WHAT VIDEO
Explanation:
Answer:
uhm there is no video lol send a link and maybe i can help! :)
Explanation:
if the government gives steve 2 permits for free, and the permits trade at a market price of $50 each, what will steve's profit be equal to after he optimally trades permits?
Answers
If the government gives steve 2 permits for free, and the permits trade at a market price of $50 each, then $110 will steve profit.
Cumulative marginal profit
= 60 +40 +20+0 - 40 - 20 = $60
MSB = MPB = $ 40
Profit = $60 + $40 = $100
Change refers back to the voluntary exchange of products or services between monetary actors. due to the fact that transactions are consensual, change is typically considered to benefit both events. In finance, trading refers to buying and selling securities or other assets.
Trade is the activity of buying, promoting, or changing items or services between people, companies, or countries. The ministry had direct control over each factor of overseas alternate. ... negotiations on a new international trade settlement. Texas has a long record of trade with Mexico.
Learn more about trade here: https://brainly.com/question/17727564
#SPJ4
What is an example of a general safety hazard?
poorly maintained equipment
contaminated water
blizzard
employee retaliation
Answers
Answer:
poorly maintained equipment
Answer:
contaminated water
Explanation:
if the water doesnt get boiled it will make you sick, contaminated water can make you sick easily so its a safety hazard
A/an ____ appraisal is conducted as part of the day-to-day working relationship between a manager and an employee.spontaneousinformal
Answers
An informal appraisal is conducted as part of the day-to-day working relationship between a manager and an employee. This type of appraisal is typically less structured and less formal than a traditional appraisal. The purpose of an informal appraisal is to provide feedback to the employee on their performance, highlight areas where they are excelling, and identify areas where they may need improvement.
In an informal appraisal, the manager may provide feedback on the employee's performance during regular meetings or check-ins. This could include discussing specific projects or tasks that the employee has worked on and providing feedback on their performance. The manager may also ask for the employee's input and feedback on their own performance, and work together to identify areas where improvements could be made.
Informal appraisals are a valuable tool for managers to provide ongoing feedback and support to their employees. They help to create a culture of open communication and collaboration, where employees feel valued and supported. However, it is important to note that informal appraisals should not replace formal performance reviews. Formal appraisals provide a more structured and comprehensive evaluation of an employee's performance, and should be conducted at least once a year.
In conclusion, an informal appraisal is an important part of the day-to-day working relationship between a manager and an employee. It provides an opportunity for ongoing feedback and support, and helps to create a culture of open communication and collaboration. However, it should be used in conjunction with formal appraisals to provide a comprehensive evaluation of an employee's performance.
Know more about informal appraisal here:
https://brainly.in/question/1649710
#SPJ11
is it hard to get a job at chik fil a? kinda stupid question ik, I just really need money. if so any recommendations?
Answers
Answer: Maybe you can try getting a job at starbucks, mcdonalds, five below, etc. It depends how old are you.
commercial activity engaged in as a means of livelihood or profit.
Answers
commercial activity engaged in as a means of profit. This type of activity is known as "business" or "commerce".
It involves the exchange of goods or services for money or other valuable consideration, with the intention of making a profit. Business may take various forms, such as sole proprietorship, partnership, corporation, or limited liability company (LLC), and can involve various industries or sectors such as retail, manufacturing, service, finance, and more. The goal of most businesses is to create value for customers and stakeholders, generate revenue, and achieve sustainable growth and profitability over time. Profit is the financial gain earned by a business after deducting all expenses. It is crucial for a company's survival and growth, and is a key measure of success in business.
learn more about profit here
https://brainly.com/question/14969763
#SPJ4