b. Property taxes
c. Credit card balance
d. Home equity loan
Answer:
American opportunity tax credit is $ 2500 & lifetime learning credit is $2000
Explanation:
a student who qualifies for american opportunity credit can claim a credit of upto $ 2500 for adjusted qualified education expense paid for each student.
lifetime learning credit is for post secondary courses and for adults and also for continuing education courses. the credit is $ 2000 per year and not per student.
The Jones family can claim a total of $4,700 in American Opportunity and Lifetime Learning tax credits for their education expenses. This includes $2,500 for Sally's undergraduate expenses under American Opportunity Credit and $2,200 for Tommy's and Mom's expenses under the Lifetime Learning Credit.
The Jones family can claim tax credits for education under the American Opportunity Credit (AOC) and the Lifetime Learning Credit (LLC). However, these credits have different rules and limitations.
For Sally, as she is a sophomore (undergraduate), her education expenses are eligible for the American Opportunity Credit. This credit is worth up to $2,500 per eligible student, 100% of the first $2,000 of qualified education expenses and 25% of the next $2,000. Here, considering Sally's expense of $5,000, she would be eligible for the full credit of $2,500.
Tommy, being in grad school, is not eligible for the AOC, but he can claim the Lifetime Learning Credit (LLC). The LLC allows a credit of up to $2,000, which is calculated as 20% of the first $10,000 of qualified education expenses. In Tommy's case, this would equate to a credit of $1,400 (20% of $7,000).
The Mom, who goes back to school, is also eligible for the LLC, providing a credit of $800 (20% of $4,000).
Hence, the total credit the Jones family can claim would add up to $4,700 ($2,500 from AOC for Sally and $2,200 from LLC for Tommy and Mom combined).
#SPJ3
Answer:
Maximum Performance
Explanation:
Each of Write Pro's employees will need to be at maximum performance to be able to create marketing materials for the event holding next week at the local expo center.
The pressure to deliver optimally and in due time will be on Write Pro's employees, who will have to put in extra efforts due to the nature of the special project collected.
Answer:
It is true
Explanation:
Chartered Accountants most especially external auditors are trained to provide assurance services that will give credit and reliability to the financial information being presented to the users by the directors.
Their services include statutory audit and other related assurance services.
The report produced by a Chartered Accountant (e.g External Auditor) gives reasonable assurance to the shareholders of the company or any other external users.
b. the fact or or about how they operate their business
c. how to research in design your own business
d. which reference you could ask about them
Answer:
a. what Public Image they"re trying to display
Explanation:
A company's website acts as a business card and is used to provide customers with information about the company's values, area of expertise and history. Usually everything is very elaborate, with an attractive visual identity designed to display a positive image that builds trust, curiosity and identification with potential customers.
A. savings and loans banks
B. stock firms
C. financial advisors
D. credit unions
Answer:
banks, credit unions, and savings and loans
Explanation:
Just get it right on a test
Answer:
the answer is banks, brokerage firms, insurance companies.
Explanation:
it is on edge