Jermaine and Kesha are married, file a joint tax return, have AGI of $82,500, and have two children. Devona is beginning her freshman year at State University during fall 2021, and Arethia is beginning her senior year at Northeast University during fall 2021 after having completed her junior year during the spring of that year. Both Devona and Arethia are claimed as dependents on their parents' tax return. Devona's qualifying tuition expenses and fees total $4,000 for the fall semester and Arethia's qualifying tuition expenses and fees total $6,200 for each semester during 2021. Full payment is made for the tuition and related expenses for both children during each semester. The American Opportunity credit available to Jermaine and Kesha for 2021 is:

Answers

Answer 1

The American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

First step is to calculate the American Opportunity credit for Devona

American Opportunity credit for Devona=(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Devona=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Devona=$2,000+$500

American Opportunity credit for Devona=$2,500

Second step is to calculate the American Opportunity credit for Arethia's

American Opportunity credit for Arethia's =(100% of first qualifying expenses+ 25% of next qualifying expenses)

American Opportunity credit for Arethia's=(100%×$2,000)+(25%×$2,000)

American Opportunity credit for Arethia's=$2,000+$500

American Opportunity credit for Arethia's=$2,500

Third step is to calculate the Total American Opportunity credit

Total American Opportunity credit= American Opportunity credit for Devona +American Opportunity credit for Arethia's

Total American Opportunity credit=$2,500+$2,500

Total American Opportunity credit=$5,000

Based on the above calculation total American Opportunity credit will be $5,000 reason being that  both Jermaine and Kesha's Adjusted Gross Income of the amount of $82,500 is not higher than $160,000.

Inconclusion the American Opportunity credit available to Jermaine and Kesha for 2021 is:$5,000.

Learn more about American Opportunity credit here:https://brainly.com/question/24535935


Related Questions

who is better Nba Youngboy or Kodak Black

Answers

Answer:

if i had to chose kodak

but young dolph and key glock gucci mane and project pat go hard

nba is dog water

Explanation:

I would choose Kodak really

br.uh its like 12:00 am for me.

Answers

Answer:

But for Me its 10:00 AM now

Anyways thnks for points!!!

how supply and demand, scarcity, and economic measurement affect the legal form of business

Answers

Supply and Demand (Affects Pricing, Supply, and Income) - When a company provides large amounts of the product they are selling, the price tends to remain at a constant price. When a company begins to have too much of one product, they will usually lower the price to sell more of it. When a company begins to lack stocking the shelfs of their product, they will increase the prices so that they will not run out. When demand increases, prices might also increase because they are aware it is a chance to make profit. When demand decreases, the price decreases.

Scarcity - When a business faces scarcity, or the lack of stocking shelfs, the company could possibly lose income and in the future face serious economic issues. Most businesses that face scarcity, usually face bankruptcy within the next 7 years due to the slow or quick decrease in profit and supply. When businesses face scarcity, limits on the amount each household can purchase can be enforced and prices will increase dramatically. In 2021, there was a known 7% increase on prices of many food items.

Economic Measurement is explained throughout the two paragraphs.

What is a product mix ?

Answers

Full set of products

Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from _____ grams to 500 ounces or more.

Answers

Based on financial management, Coin dealers, precious metals dealers, and some banks sell gold bullion in amounts ranging from 5 grams to 500 ounces or more.

What is gold bullion?

Gold bullion is generally refined gold with an excellent standard of elemental purity. The current standard practice in selling gold bullion range from 5 grams to 500 ounces or more.

Example of Gold bullion

Some gold bullion made entirely of gold include the following:

BritanniaCanadian Maple LeafAmerican Buffalo, etc.

Hence, in this case, it is concluded that the correct answer is 5 grams.

Learn more about gold bullion here: https://brainly.com/question/19372930

4. The three general categories of responsibilities of the financial manager are (1 point)
O cash-flow management, financial control, and financial planning.
O financial planning, accounting, and government tax reporting.
O government tax reporting, cash-flow management, and financial control.
O accounting, cash-flow management, and government tax reporting.

Answers

Answer:

A

Explanation:

A: Cash-flow management, financial control, and financial planning. Hopefully this helped

The three general categories of responsibilities of the financial manager are cash-flow management, financial control, and financial planning. Therefore option A is correct.

What is cash-flow management?

The act of tracking, evaluating, and maximizing the difference between cash receipts and cash outlays can be summed up as cash flow management for businesses. For any organization, net cash flow is a crucial indicator of financial health.

Poor cash flow management is one of the main causes of business failure. You have a cash flow issue if your business consistently spends more money than it brings in.

Developers frequently have cash flow issues in the extremely cyclical real estate development industry. Both the initial capital expenditure and continuous operational cash outflows for property development are sizable.

Therefore option A is correct.

To learn more about cash-flow management follow the link.

https://brainly.com/question/23287067

#SPJ6

how did consumerism help cause the great depression?

Answers

It helped keep smiles on peoples faces

A city's water division generated $1.5 million in revenue. It reported expenses of $1 million, which included $200,000 paid to an internal service fund. The water division also transferred $50,000 to the general fund. What amount is the water division's change in net position on the statement of revenues, expenses, and changes in fund net position

Answers

The water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

Using this formula

Change in net position=Revenue-Expenses-Transfer to general fund

Where:

Revenue=$1.5 million

Expenses=$1 million

Transfer to general fund=$50,000

Let plug in the formula

Change in net position=$1.5 million-$1 million-$50,000

Change in net position=$450,000

Inconclusion the water division's change in net position on the statement of revenues, expenses, and changes in fund net position amount is $450,000.

Learn more about Change in net position here:https://brainly.com/question/14818051

what should you do when planning for college?

Answers

Answer:

a way to get a large amout of money (legally) to pay off the debt

more money for a place to live

and even more money to get food and other impoartant things to live

Explanation:

an alternative to stocks, but school never taught you what stocks are, so now get more money to buy a phone so u can have basic knowlede

and illegal alternative is to sell something adictive like drugs, cigs. or start a casino or scam pp, for money, or rob a bank

explanation of what’s happening

please help, due tonight

Answers

Answer:

what is this there is nothing to answer

Explanation:

Kane manages a used bookstore. He reads a report advising him to stock
more encyclopedias. However, the report is mistaken; customers in Kane's
town hardly ever buy encyclopedias. What problem could this mistake cause?
A. The report could be difficult for Kane to understand.
O B. The bookstore could run out of inventory.
C. The bookstore's reputation could be damaged.
D. The bookstore could lose money if customers buy less than
expected.
SBSM

Answers

Answer:

I would say that the answer is D. If he knows that people don't buy encyclopedia's, yet he stocks them, the store could lose money because no one would buy it.

Explanation:

Hope this helps. :D

The bookstore could lose money if customers buy less than expected, is the problem Kane would face by this mistake. Thus, option D is correct.

What is encyclopedia?

Throughout its lengthy history, the definition of the word "encyclopedia" has undergone significant alteration. Most people today imagine an encyclopedia to be a multivolume compilation of all knowledge, complete with maps, a thorough index, and a variety of ancillary materials like bibliographies, illustrations, lists of abbreviations and foreign words, gazetteers, etc.

They assume that it will contain biographies of important people from the past and the present, and that the alphabetically arranged contents will have been written in their own language by a large number of people and edited by a highly qualified and scholarly staff; however, none of these components have remained constant over time.

Therefore, we can conclude that option D is correct.

Learn more about encyclopedia here:

https://brainly.com/question/16220802

#SPJ5

10. The overall levels of income, employment, and prices are determined by the spending and production decisions
of all except which of the following.
A. Households
B. Businesses
C. Government
D. Foreign Sectors
or prodused in an

Answers

Explanation:

option C. Government

hope Its useful for you

Answer:

I think Government is the right answer.

Cam some plz make the journal of it?





I will mark it as a brainliest







Answers

Answer:

Hey will you marry me? serious question

Under the current managed float exchange rate regime; countries with surpluses in their balance of payments frequently do not want to see their currencies appreciate because it makes their goods ________ expensive abroad and foreign goods ________ in their countries.

Answers

The country will not want their currencies to appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.

The floating exchange rate system is a system where currency price on forex market is based on supply and demand of other currencies therein.

Countries with surpluses in their balance of payments usually have a favorable currency because they exports more than it imports.

Hence, the country will not want to see their currencies appreciate because it makes their goods expensive abroad and foreign goods be cheaper in their countries.

Read more about floating exchange rate

brainly.com/question/25813005

The salary at the new job is a(n). The benefits at the job are a(n). The job’s location is a(n). The potential for job satisfaction is a(n).

Answers

There are different kinds of employment benefits. The answers to the questions are;

The salary at the new job is an advantage The benefits at the job are an advantage The job's location is an advantageThe potential for job satisfaction is an advantage

There are different benefits from finding a good job. They include insurance in both medical, life, dental etc., vacation pay, holiday pay, maternity leave, bonuses etc.

Getting a good Job that has a good pay and very close to one's residence  is very  important as it will reduce your cost of spending.

See full question below

Keisha has received an offer for a job that pays a higher salary than her current job. It also offers health insurance for all the members of family. The new job is a distance from her home and will require a long commute, which will take her away from her family for many hours of the day. In addition, it provides the promise of advancement and future opportunities at that company. The salary at the new job is a(n) . The benefits at the job are a(n) . The job’s location is a(n) . The potential for job satisfaction is a(n) .

Learn more about Employment from

https://brainly.com/question/25609681

Answer:

The salary at the new job is a(n)

✔ advantage

.

The benefits at the job are a(n)

✔ advantage

.

The job’s location is a(n)

✔ disadvantage

.

The potential for job satisfaction is a(n)

✔ advantage

What is the chief benefit to using a
Capitalistic economic system where
the government does not interfere
with the operation of the free market
(Supply & Demand)?
A. Society always maximizes its economic surplus and
opportunity.
B. A small percentage of the population takes control
of a large percentage of the available resources.
C. The most educated in society make the most
influential decisions.

Answers

Answer: A

Explanation: I had it

which is the largest source of tax revenue in the united states?

Answers

Answer:

Individual income taxes.

Explanation:

This has been the largest single source of federal revenue since 1950.

help me, please i am trapped

Answers

What is the help u what ??

What is the GDP?
A.
The value of the products and services produced in a country
B.
The natural environment of a country
C.
The geographical location of a business
D.
The capitalist system used in the U.S.


Please select the best answer from the choices provided

A
B
C
D

Answers

Answer:

the market value of all the final goods and services produced in a specific time period

Explanation:Gross domestic product (GDP) is a monetary measure of the market value of all the final goods and services produced in a specific time period

Yolanda owns a custom curtain business. One of her suppliers brings her a delivery of decorator fabric on the 1st of each month, which she can pay for at anytime during that month. If she pays for the fabric by the 15th of the month, her supplier gives her a 10 percent discount off the cost. Which short-term liability does this scenario best describe

Answers

The short-term liability in the scenario is BEST described as E. a trade credit.

Trade credit involves the extension of the payment date for a business transaction.  The 10% discount offered by the supplier to Yolanda's curtain business within the discount period of 15 days is a financial inducement to enable Yolanda to pay on time.

Thus, within the credit period, the short-term liability that Yolanda's business bears is known as a trade credit, not an account receivable, a line of credit, a factor, or a loan.

Answer Options:

A. an account receivable

B. a line of credit

C. a factor

D. a loan

E. a trade credit

Learn more about trade credit here: https://brainly.com/question/25697850

A __________ is an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent. A. Concept B. Schema C. Subgoal D. Prototype.

Answers

Answer: A. Concept

Explanation: The correct option is A ( Concept ) as

* Option B has Schema which means it’s just a representation of a plan in a model form.

* Option C is not correct because Subgoal means a goal or target which needs to be achieved to complete a larger goal or target.

* Option D is also not correct because Prototype means something of the first or initial type which can develop into other forms or types in future.

So the correct option for the answer is “ A”

A concept serves as an effort or strategy to achieve a goal or a solution to a problem that is not readily apparent.

What is a concept?

Concepts can be regarded as abstract ideas. they do serves as the fundamental building blocks in which principle lies on.

It should be noted that it play important role in all aspects of cognition.

Therefore, concept is needed for thoughts and beliefs

Learn more at:

https://brainly.com/question/13162939

2. Read the following data from Maria's personal monthly bank statement and answer the questions that follow:

Rent: $850

Groceries: $276.89

Public transportation: $45

Utilities: $135.24

Entertainment: $150.26

a. Enter Maria’s data into a spreadsheet program. Be sure to include proper headings.

b. Maria would like an efficient way to analyze how she spent her money this month. Using the spreadsheet program, create a bar graph representation of her monthly expenses. Briefly describe how you create the bar graph.

c. Based in the bar graph representation, what is one thing you would recommend to Maria in the future?

Answers

Answer:

I would recommend C for answer

Quais são as medidas de controlo que podem ser utilizadas para minimizar efeitos do impacto ambiental?

Answers

Answer:

Reduce, recyle, reuse

Reducir, reciclar, reutilizar

Explanation:

It dosnt have to be very complicated, you could simply be using the same another side of a paper or taking 2 minutes out of your total shower time. We want to slowly get better at this.

No tiene por qué ser muy complicado, simplemente podría usar el mismo otro lado de un papel o tomar 2 minutos de su tiempo total de ducha. Queremos mejorar lentamente en esto.

the document that states that the bank will pay a specified sum of money to a beneficiary, normally the exporter, on presentation of particular, specified documents is called the

Answers

The letter of credit is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Letter of credit is also called documentary credit or bankers commercial credit.

The financial document called "Letter of credit" is a a letter written by a financial institution which authorizing another institution to pay someone a sum of money.

This document is usually a mode of payment used for the importation of visible goods.

In conclusion, the document called "letter of credit" is the financial document which tells that a bank will pay a specified sum of money to a beneficiary

Read more about letter of credit

brainly.com/question/15837848

what’s the bestselling movie soundtrack of all time?

Answers

Answer:

The Bodyguard is the bestselling movie soundtrack

7. A decrease in supply will result in which of the following?
A. Demand changes.
B. Supply changes.
C. Both demand and supply change.
D. Either demand or supply change (or both).

Answers

Explanation:

C. Both demand and supply change

Answer:

It can be both of the demand and supply change.

________ is an organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.

Answers

Answer:

Consumerism: An organized movement of citizens and government agencies to improve the rights and power of buyers in relation to sellers.

Explanation:

hope you have a good day! God bless you and have a good day!

MERRY CHRISTMAS AND HAPPY NEW 2022 YEAR

________ costs refer to the sum of the fixed and variable costs for any given level of production. Target Break-even Total Value-based Marginal

Answers

Based on microeconomic theory, Total costs refer to the sum of the fixed and variable costs for any given level of production.

What makes Total Cost?

Generally, the total cost is the sum of all the price of the material utilized, the wages or salary paid in the production, and the direct expenditure.

Components of Total Cost

The components of Total Cost include the following:

Prime costFactory costOffice cost Cost of sales, etc.

Hence, in this case, it is concluded that the correct answer is "Total Cost."

Learn more about Total Cost here: https://brainly.com/question/25109150

Eva is 29 years old and has 2 children, ages 3 and 5. She makes $48,500 a year. Eva decides to buy a $400,000 10-year term policy and then renew the policy for another ten years afterwards. To renew the policy the insurance company charges an extra 40% to her premium rate. Given the options below, assess whether Eva made a wise decision. Annual life insurance premium (per 1,000 dollars of face value) for age 29. A 20-year term for male is 7 dollars and 84 cents, and for female is 6 dollars and 62 cents. 20-year term: for male is 10 dollars and 40 cents, female is 9 dollars and 4 cents. Whole life: male is 20 dollars and 5 cents and female is 18 dollars and 63 cents. A. Eva would have been better off selecting the 20-year term policy. B. Even with the extra charge for renewal, Eva’s plan is the least expensive. C. Given that Eva plans to renew, she should have selected the whole life policy. D. Eva ends up paying the same amount for each policy. Please select the best answer from the choices provided A B C D.

Answers

The best answer from the answer choices that were provided is that even with the extra charge for renewal, Eva's plan is the least expensive.

From the question, Eva is 29 and has two kids of 3 and 5. Her plan is to get the $400000 and renew it for another 10 years.

The renewal policy after 10 years is 40%, at the moment, her financial condition seems okay.

But given that the future can not be predicted and her kids are still growing, we are not sure what her finance may be like in 10 years time.

So we can agree with option B. This is a sensible decision.

Read more on https://brainly.com/question/16664218?referrer=searchResults

Free cash flow equals cash provided by operations less capital expenditures and cash dividends. True False

Answers

Answer:

true

Explanation:

Other Questions
1cm16 cmDiagram NOTaccurately drawnScm11 cm9 cm| 6cm18 cmThe diagram shows a shape.All of its corners are right angles.Work out the area of the shape. Match each expression to the scenario it represents. The triangles pictured below are:Congruent by AASCongruent by AASCongruent by HLCongruent by HLCongruent by SSSCongruent by SSSCongruent by SASCongruent by SASCongruent by ASACongruent by ASANot CongruentNot Congruent IMAGE BELOW Crystal has negative moods, is mostly inactive, and is slow to adapt to new situations. When confronted with a new situation, she tends to withdraw. Crystal is a(n) ___________ baby. There are 120 people in a sport centre. 78 people use the gym. 46 people use the swimming pool. 45 people use the track. 21 people use the gym and the pool. 16 people use the pool and the track. 24 people use the gym and the track. 9 people use all three facilities. Given that a randomly selected person uses the gym and the track, what is the probability they do not use the swimming pool? Given the equation y=|x| complete the table of values Could someone explain to me how to preform a good solid What - How - Why paragraph for my assessment What were some of the ways that the Roman Catholic Church helped keep education from disappearing during the Middle Ages? Why was this important? Question 1(Multiple Choice Worth 2 points)Convert 0.00001 to a power of 10. 104 104 105 105 a $5,000 tv ad will cause 250 people to attend a show, while a $4,000 newspaper ad will cause 280 people to attend. bob wants to use the most effective method to get 500 people to attend a show. which advertising method should he use? I need help, if someone know thisanswer it pls Explain why and show how the expression -x might represent a positive number, a negativenumber, or even 0. PLZ HELPP!!! THIS IS DUE SOON!!! I RLLY NEED HELP!!!!QUESTION IS BELOW!!STORY: The Elevator by William SleatorSHORT FILM NAME: The Elevator - Short Horror FilmBY YOU-TUBER: Timothee MEYRIEUX Dimitri is starting the prewriting stage of his research-based informative essay. He begins by gathering information on proposed legislation to add bike lanes to his citys busiest streets. Dimitri wants to determine whether this legislation is safe for both bikers and drivers. He decides to interview an expert on whether city bike lanes are dangerous.Is this an example of a formal or informal inquiry?It is a formal inquiry because he is doing fact-based research.It is a formal inquiry because he is developing conversational questions.It is an informal inquiry because he is not creating a purpose for his research.It is an informal inquiry because he is not studying his topic in depth. Which of the following are used to administer liquid medications orally? O a) Syringes b) Vials c) Suppositories d) Droppers e) Teaspoons Tell whether the ordered pair is a solution to the equation. Please show how you solved it.(4, 4); y = -x + 8 In 1906, Zionists settled on _____ as the area in which they would establish their own nation, although South America and Africa had also been considered Pls help on #7 I will give brainiest ! 7th grade level after a party 3/4 cake is leftover. Dennis eats 1/2 of the leftover cake. Which fraction model represents the amount of cake Dennis eats? It takes 6 hours to clean and detail a luxury car. During the morning ofcleaning, the workers were able to clean for 4 hours. If the variable t standsfor the amount of time the workers have left to clean the windows after lunch,which of the following units could apply to this variable?