Support Test: Over %______of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test. Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides over______% of the support. Any person who contributed more than______% of the support is entitled to claim the exemption if each person in the group who contributed more than______% files a written consent.

Answers

Answer 1

Answer:

Over 50% of the support of the qualifying relative must be furnished by the taxpayer. If the individual does not spend funds that have been received from any source, the unexpended amounts(are or are not) counted for purposes of the support test.

Under a multiple support agreement one member of a group of taxpayers who furnish support for a qualifying relative may claim a dependency exemption if together the group provides 50% of the support. Any person who contributed more than 10% of the support is entitled to claim the exemption if each person in the group who contributed more than 10% files a written consent.


Related Questions

ANSWER ASAP-- In one year, Corey earned $25,000 from his employer and a $300 capital gain from the sale of an investment. Corey doesn’t qualify for any deductions, but he can claim the lifetime learning credit.

Corey’s adjusted gross income is BLANK
and his total tax due will be (decreased or increased)
by the credit.

Answers

Answer:

Corey’s adjusted gross income is $25,300  and his total tax due will be decreased by the credit.

Explanation:

Add what Cory earned and his capital gain to make $25,300

Cory claimed the lifetime learning credit which decreases his total tax due

NeeeeeD HeeellllP !!!!!!!!!!!!!!!!

Answers

Answer:

false

Explanation:

(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.
(b) Relevant information only has predictive value, confirmatory value, or both.
(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.
(d) Comparability pertains only to the reporting of information in a similar manner for different companies.
(e) Verifiability is solely an enhancing characteristic for faithful representation.
(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.

Answers

Answer:

(a) The fundamental qualitative characteristics that make accounting information useful are relevance and verifiability.

⇒ FALSE

The fundamental characteristics are relevance and faithful representation.

(b) Relevant information only has predictive value, confirmatory value, or both.

⇒ FALSE

Relevant information must have predictive or feedback value.

(c) Information that is a faithful representation is characterized as having predictive or confirmatory value.

⇒ FALSE

Faithful representation is the one that represents exactly what happened, e.g. if the costs incurred were $1,000, then you must record $1,000, not $900 nor $1,200.

(d) Comparability pertains only to the reporting of information in a similar manner for different companies.

⇒ FALSE

Comparability means that the financial information must be comparable to the company's past performance or the performance of companies in the same industry.

(e) Verifiability is solely an enhancing characteristic for faithful  representation.

⇒ FALSE

Verifiable information is information that can be obtained using different methods by different individuals, i.e. different accountants or auditors should be able to compute similar results using the same information.

(f) In preparing financial reports, it is assumed that users of the reports have reasonable knowledge of business and economic activities.

⇒ TRUE

Type the correct answer in the box. Spell all words correctly.
What will the Security and Exchange Commission’s plan of action be if it finds any irregularities in the dealings of a financial securities firm?
If the Security and Exchange Commission finds any irregularities in the dealings of a financial securities firm, it can send a comment letter and initiate __________ proceedings.
Please Help!!!!!!!!!!!!!!!

Answers

Answer:

proper

Explanation:

Suppose that Italy and Austria both produce fish and shoes. Italy's opportunity cost of producing a pair of shoes is 5 pounds of fish while Austria's opportunity cost of producing a pair of shoes is 10 pounds of fish. By comparing the opportunity cost of producing shoes in the two countries, you can tell thatItaly has a comparative advantage in the production of shoes andAustria has a comparative advantage in the production of fish. Suppose that Italy and Austria consider trading shoes and fish with each other. Italy can gain from specialization and trade as long as it receives more than5 pounds of fish for each pair of shoes it exports to Austria. Similarly, Austria can gain from trade as long as it receives more than1/10 pair of shoes for each pound of fish it exports to Italy. Based on your answer to the last question, which of the following prices of trade (that is, price of shoes in terms of fish) would allow both Austria and Italy to gain from trade?
a. 9 pounds of fish per pound of cheese.
b. 18 pounds of fish per pound of cheese.
c. 3 pounds of fish per pound of cheese.
d. 1 pound of fish per pound of cheese.

Answers

Answer:

a. 9 pounds of fish per pound of cheese.

Explanation:

The gain from trade would arise at the time when the price of the cheese with respect to the fish is more than 5 and less than 10

So according to the given option the first option is met the criteria

The 9 is more than 5 and less than 10

And, the other options does not met the criteria

So, the first option i.e. a is correct

And, all other options are wrong

There are a few different workplaces in this career cluster. Select the workplaces that sound interesting or enjoyable.
Check all that apply.
a desk out in the open in an office building
a partially walled-off area with a desk in an office building
a private office with a door inside an office building
a room in your home

Answers

A career cluster is a collection of jobs with similar characteristics. If you enjoy one job in a cluster, you will most likely enjoy other jobs in that cluster as well.

According to me Option B and D would be the best fit for the workplace that is enjoyable or interesting. Because in Option B you can talk to your co-workers which is enjoyable and interesting and Option D is also correct Option as we can work comfortably their.

Other options that are incorrect as:

Option A is incorrect as a desk out in open is not allowed and not a logical option.

Option C is incorrect as a private office would be boring as the person will be alone doing the work.

Thus Option B and D is the best suitable example.

For more information about career clusters refer to the link:

https://brainly.com/question/1315723

Answer

pick one that interest u

Explanation:

pick what u want

write the short note on durable and non durable materials ​

Answers

Durable goods are those goods that don't wear out quickly and last over a long period. ... While non-durable goods or soft goods are those goods that have a short life cycle. They are used up all at once or have a lifespan of fewer than three years. For example light bulbs, paper products, and food products.

what is the specific goal of product promotion ?​

Answers

Answer:

Promotional goals include creating awareness, getting people to try products, providing information, retaining loyal customers, increasing the use of products, and identifying potential customers, as well as teaching potential service clients what is needed to “co-create” the services provided.

getting people to buy the product you are promoting

Earning a degree can be expensive but which example shows why it might be worth it?
(financing higher education)

Answers

Answer:

Earning a degree can be expensive but it can almost guarantee you great job opportunities and great job opportunities can provide great income, and other benefits.

Explanation:

PLS NEED HELP IM BEHIND BAD

Answers

Retail workers

Expiration: retail workers

Answer:

I swear to god you dont read these

Explanation:

A)  Auto Mechanics

D) Cunstruction Workers

maybe b probs not tho

The greater the magnitude of the external benefits of production, a. ​ The larger is the deadweight loss from underproduction. b. ​ The greater would be the optimal tax. c. ​ The less the private market solution would deviate from the socially efficient level of output. d. ​ All of the above are true.

Answers

Answer:

d. ​ All of the above are true

Explanation:

External costs happen if during production or consumption of a good or a service there is a negative effect on another party. The existence of this can bring about market failure. In the presence of externalities social benefit costs are a combination of private costs and also external benefits of production.

All of the options a, n and c are true so d is the answer here.

Uncertainty avoidance
A. The extent to which people accept as normal an unequal distribution of power Power distance
B. Characterized by tight social frameworks in which people tend to base their identities on the group or organization to which they belong Collectivism
C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity
D. The extent to which the dominant values in a society emphasize aggressiveness and the acquisition of money and other possessions as opposed to concern for people, relationships among people, and overall quality of life
Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Che managers
a. Culture
b. Cultural etiquette
c. Globalization
d. Internationalization

Answers

Answer:

Uncertainty avoidance

C. The extent to which people feel threatened by unknown situations and prefer to be in clear and unambiguous situations Masculinity

Uncertainty avoidance represents how societies or groups do not like to deal with uncertainty or ambiguous situation, i.e. the unknown. The higher the uncertainty avoidance, the lower the risks that a society or group is willing to take. Societies or groups with high uncertainty avoidance will develop strong cultures and norms, authority will be rarely questioned and people will follow established procedures and rules.

Chinese executives who come to work in the United States may slowly begin to act more like U.S. managers and less like Chinese managers

d. Internationalization

Internationalization takes place when individuals that migrate to other countries start losing their national cultural habits and start acting like the individuals of the country or countries that they move to. This process takes place when immigrants are assimilated by the new culture and they themselves /the immigrants) assimilate the new culture as their own or blend some aspects of the new culture with aspects of their national culture.

One way a partnership differs from a sole proprietorship is that it

Answers

Answer:

The most obvious difference between partnership and sole proprietorship is the number of owners the business has. "Sole" means one or only, and a sole proprietorship has only one owner: you. Conversely, it takes two or more to form a partnership, so this type of entity has at least two owners.

Answer:has owners with many different skill sets

7. XYZ stock price and dividend history are as follows: An investor buys three shares of XYZ at the beginning of 2010, buys another two shares at the beginning of 2011, sells one share at the beginning of 2012, and sells all four remaining shares at the beginning of 2013. (LO 5-1)

Answers

Answer:

A lot of information (number are missing) as well as the requirements, so I looked for a similar question and found:

Year Beginning-of-Year Price Dividend Paid at Year-End

2010 $ 108 $4

2011 $ 112 $4

2012 $ 98 $4

2013 $ 103 $4

a. Calculate the time-weighted rate of return for the investor?

b. Calculate the money-weighted rate of return for the investor?

a) first we must determine the holding period return (HPR) for:

2010 = [($336 - $324) + $12] / $324 = 0.074

2011 = [($490 - $560) + $20] / $560 = -0.089

2012 = [($412 - $392) + $16] / $392 = 0.092

time weighted rate of return (TWRR) = [(1 + 0.074) x (1 - 0.089) x (1 + 0.092)] - 1 = 1.0684 - 1 = 0.0684 = 6.84%

b) calculating the money weighted rate of return is similar to calculating the IRR of a project:

cash flow at the beginning of 2010 = -$108 x 3 = -$324

cash flow at the beginning of 2011 = (-$112 x 2) + $12 = -$212

cash flow at the beginning of 2012 = $98 + $20 = $118

cash flow at the beginning of 2013 = ($103 x 4) + $20 = $432

using an excel spreadsheet, the MWRR = 1.08%

Choose the option that best matches the description given. Extra funds set aside in a nonprofit human services organization are known as

Answers

Answer:

A). Prudent reserve

Multiple-choice options for this question.

A) .Prudent reserve B) Rainy day funds C) bonus pay

Explanation:

The prudent reserve is the amount of money set aside for use should donations decrease.  Nonprofit human services organization uses the prudent reserve to meet operational expenses in periods of low contributions. Therefore, the prudent reserve is a form of a saving plan sufficient to cover expenses for several months.

The recommendation is that Nonprofit human services organizations should have prudent reserves to cover at least three months but not more than one year.

Answer:

Prudent reserve

Explanation:

The share in the company's profit is called_________.​

Answers

Answer:

profit sharing

Explanation:

From Investopia they define profit sharing as

"A plan gives employees a share in their company's profits based on its quarterly or annual earnings."

HEY guys can yall help me im trying to get caught up on school work before november 30.
What techniques are required to accept constructive criticism? Select all that apply.

A. not interrupting or speaking until the other person is finished making a point

B. filing a formal complaint with human resources to make sure your point of view is documented

C. not frowning, sneering, or defensively folding arms in front of you

Answers

Answer:

i think its letter A and C

Since the press was copied on Ms. Stiles’ letter, should the mall copy them on its reply

Answers

Answer:

Yes, For Public relations reason

Explanation:

Public relations are the efforts of a company to create a good reputation within society. It involves managing communications to ensure messages that enhance good relations get to the intended audience. Public relations use unpaid media messages to create a good reputation for the organization.

The mall should copy the press in its reply to Ms. Stiles. The letter could be damaging the mall's reputation. By replying and copying the press, the mall presents itself as responsible and sensitive to its customers.  The mall should take that opportunity to repairs any damages and market itself further.

Help plz
What is persuassive writing?

Answers

Answer: something to like negotiate someone to do something and give good reasoning

Explanation: for example, someone would want to dye their hair and they would write a letter to their mom saying why their mom should let them dye their hair

A refrigerator sells for $1,044 on the installment plan. After making a down payment of $100, you pay $59 a month. How many months will it take to pay for the refrigerator?

Answers

Answer:

16 months

Explanation:

Calculating the remaining amount to pay by subtracting the down payment from the installment price:

$1,044 - $100 = $944

The remainder to pay is $944

Calculating the monthly payment by dividing the remainder to be paid by the number of months as shown below

$944 / Number of months = $59

Number of months * $59 = $944

Number of months = $944 / $59

Number of months = 16 months

What is the over time pay rate

Answers

Answer:

overtime pay rate is the amount of money you would make from working overtime. sokets say you made 80,000 dollers a year and you staryed 15 hours your overtime pay rate

Explanation:

Overtime hours are hours worked over 40 in a single work week.

Example:  At 45 hours for the week, Sasha worked five overtime hours in a week.

Operating costs are the opposite of
utilities.
variable expenses.
fixed expenses.
capital expenditures

Answers

Answer:

Variable expenses. I'm not sure

Question 22
1 pts
Which of the following is NOT a good reason to buy a stock index fund like the
S&P 500?
0 You want to have an investment that you don't have to monitor as closely as an actively
managed fund
0 You want to have an investment with low fees
O You want to "beat the market" with the return on your investment
O You want to have a diversified portfolio
Previous
Next

Answers

Answer:

You want to "beat the market" with the return on your investment

Explanation:

The SP 500 is a good example of diversified portfolio investment. Investing in the index fund is less costly compared to other investment instruments.  The SP 500 is considered the benchmark of investment returns in the US. Any attempts to perform better than the SP 500 is termed as trying to "beat the market."

Investors prefer good stock indexes like the SP 500 because they represent diversified investments. They spread risks in many sectors of the economy. Stock indexes have low investment costs and don't need close contact monitoring. Trying to "beat the market" with stock indexes is a daunting task. Any investor who attempts it will end up very frustrated.

What are the goals of CRM and social media marketing

Answers

Answer:

A company moves their focus onto customers who are active on different social media platforms, to both offer customer service on social channels, and to optimize their own service by collecting customer data via these channels. The long-term goal of Social CRM is to increase customer satisfaction and revenue.

Explanation:

Hi what color should I paint my room or should I just leave it white?

Answers

Answer: I would say light blue but it depends on what kind of theme you are going for in your room.

Also light blue with clouds is what I want to paint my walls so that is the first thing to come to my mind

What is the largest difference in stocks and bonds?
a. Bonds are a binding contract, promising the holder a portion of the company's annual profit,
unless it is unprofitable, while stocks are a very standard investment and pay off a
predetermined amount after a period of time.
b. Stocks are a share of ownership in a company and give the stockholder voting rights, while
bonds are similar to lending a company or government money.
C. Stocks are the most secure of all investments and bonds are some of the least secure.
d. Bonds are available to the public, while stocks are reserved for the financial elite.

Answers

Answer:

B

Explanation:

Stocks are a share of ownership in a company, and a bond is a document that states how you will earn a certain amount of money after a predetermined time.

hope this helps :)

Stocks are a share of ownership in a company and give the stockholder voting rights, while

bonds are similar to lending a company or government money.

What Is a Shareholder?

Anyone who holds at least one share of a company's stock or unit in a mutual fund is referred to as a shareholder. The firm is primarily owned by its shareholders, who also have specific rights and obligations. With this ownership structure, they can benefit from a company's success.

These benefits take the shape of rising stock prices or dividend payments from financial gains. In contrast, when a corporation experiences a loss, the share price inevitably falls, which may result in financial losses for shareholders or portfolio reductions.

A majority shareholder is a single shareholder who holds and controls more than 50% of the outstanding shares of a corporation. Comparatively, minority shareholders are individuals who own less than 50% of a company's equity.

To know more about equity

https://brainly.com/question/13278063

#SPJ2

Have a look at the top 10 brands in the world, what similarities can you see in regards to their marketing activities

Answers

s you probably know, brand equity is becoming increasingly important factor to successful brands. Brand equity has the ability for firms to to gain additional market share, at a price premium, with increased customer loyalty, and greater acceptance of new products. It also provides significantly more access to more retailer channels and easier ability to enter new markets.

Professional valuation companies that rank firms on the brand equity value consider how much the brand contributes to additional profitability. Here are the top 10 brands for 2015 as determined by Millward Brown.

Apple

Google

Microsoft

IBM

Visa

AT&T

Verizon

Coca-Cola

McDonalds

Marlboro

THERE ARE TEN BUTTONS ON THE TABLE

Answers

Answer:

what

Explanation:

..............................cool................

uh this makes no sense bruh

For a criminal case, which of the following represents the correct order of
events during a trial?
A. The State presents opening arguments, then the defense presents
opening arguments; The State presents its case first, then the
defense presents its case.
B. The defense presents opening arguments, then the State presents
opening arguments; The State presents its case first, then the defense presents its case.
C. The defense presents opening arguments, then the State presents
opening arguments; The defense presents its case first, then the State presents its case.
D. The State presents opening arguments, then the defense presents
opening arguments; The defense presents its case first, then the State presents its case.

Answers

Answer: A. The State presents opening arguments, then the defense presents  opening arguments; The State presents its case first, then the  defense presents its case.

Explanation:

In a criminal trial the burden of proof lies with the State which means that it is up to them to prove that the individual is either guilty or not. For this reason they have to give the opening arguments.

The defense then gives their opening statement as well. After this is done the State presents its case and the facts thereof to the jury. The defense will now come and present its case and show their own interpretation of the facts of the case.  

Explain 4 disadvantages of state owned entreprises​

Answers

Answer:

State owned enterprises help the government to control certain strategic sectors of the economy,they provide very essential services to the people at cheaper and affordable rates,they protect the consumers from being exploited by private enterprises by offering them a cheaper and better alternative and Ensuring better public service

Explanation:

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