Peter has three daughters who are eligible students. What is the maximum amount of tax credit available to him under the American opportunity credit, assuming he meets all requirements

Answers

Answer 1

Based on current tax laws, the maximum amount of tax credit available to Peter is $7,500

Under the American Opportunity Tax Credit (AOTC):

Tax credit can be earned on eligible students. A maximum of $2,500 can be received as tax credit per student.

Peter has three daughters and they are all eligible students which means that the maximum credit available is:

= 2,500 x 3 students

=  $7,500

In conclusion, Peter can get $7,500 in tax credit.

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Related Questions

the major difference between the service life of an asset and its physical life is that

Answers

Explanation:

service life refers to the time an asset will be used by a company and physical life refers to how long the asset will last.

Austin is starting his first job at the local bowling alley. What can Austin do to make a good first impression on his first day of work?

Arrive to work late.
Be kind to customers.
Criticize his co-workers.
Invite his friends to visit him at work.

Answers

Answer:

Be kind to customers

Explanation:

Be kind to customers because when a customer is well treated the customer will intend to come often

what is the difference between earned income, passive income, and investment income?

Answers

Explanation:

Earned income consists of income you earn while you are working a full-time job or running a business.

Passive income is income earned from rents, royalties, and stakes in limited partnerships.

Portfolio income is income from dividends, interest, and capital gains from stock sales.

ALL of the following are reasons firms change from labour intensive to capital intensive EXCEPT:

Quality
Finance
Technology
Quantity

Answers

Answer:

quantity.

Explanation

terms will change from labor-intensive to capital-intensive to increase the efficiency of Labor which will ultimately result in the increase production

Answer:

Quantity

Explanation:

Whether they implement more labours or decrease the amount of labours it hardly matters the production or quantity of production

So option D is correct

Felice bought a duplex apartment at a cost of $165,000. Her mortgage payments on the property are $1,520 per month $666 of which can be deducted from her income taxes. Her real estate taxes total $1752 per year, and insurance costs $1464 per year. She estimates that she will spend $1230 each year per apartment for maintenance, replacing appliances, and other.costs. The tenants will pay for all Utilities What must she charge to more $2550 in profit each year? (Do not round intermediate calculations. Round your answer to 2 decimal places. Ignore any tax effects.)
Rant per paiment ________________.

Answers

The Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.

Data and Calculations:

Cost of a Duplex Apartment = $165,000

Monthly mortgage payments = $1,520

Deductible mortgage payment = $666

Annual Real Estate Taxes = $1,752

Annual Insurance costs = $1,464

Annual Maintenance costs = $1,230

Annual profit expected = $2,550

Rent to charge = PITI + Profit

= $8,516 ($1,520 - $1,752 - $1,464 - $1,230 + $2,550)

Thus, the Rent per apartment Felice should charge is the PITI plus expected profit, (where PITI is principal, interest, taxes, and insurance) which is $8,516.

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Each student ticket for an art museum costs $12. 50. The total cost for student tickets, t, varies directly as the number of tickets, s, purchased. Write an equation that models the proportional relationship between t and s.

Answers

The equation for the computation of the total cost for students tickets is [tex]t=\$12.5 \times s[/tex]

The total cost is referred to as the expense that is done to acquire any of the material or the thing from the market. This is the cost that is incurred by the consumer as well as the manufacturers.

The computation of the total cost:

[tex]\begin{aligned}\text{Total Cost}&= \text{Price of Per Unit} \times \text{No. of Persons}\\ t& =\$12.50 \times s\end{aligned}[/tex]

where t = Total Cost

            s = Number of Persons.

Therefore, the correct equation formed is [tex]t=\$12.5 \times s[/tex]

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what is the purpose of long term disability insurance?

Answers

To provide financial support if person cannot work.

of all leadership variables, _____ leadership is the one most universally endorsed across cultures.

Answers

Answer:

transformational

Explanation:

The debit balance in a nominal account shows:

a) Gains b) Expenses

c) Assets d) None of the above



(answer the above question correctly)

Answers

the debit balance in a nominal account shows b) Expenses

Please help this is the final.

Identify a minimum of two ways companies compete for your money. In a minimum of five sentences each, explain in what way each of those tactics has been proven to be successful.

Answers

Answer:

here's your answer below

Explanation:

Sorry something went wrong

.

Answer:

They compete by giving better bundels or lowering prices.

Explanation:

They do that because people usually want a better price so if their the same thing then someone would want to go to a store with cheaper options.

which chart type provides the best visual display of the relationship between two numeric variables

Answers

The chart type that provides the best visual display of the relationship between two numeric variables is scatter plot.

According to the given question, we are to discuss the chart type that provides the best visual display of the relationship between two numeric variables.

As a result of this we can see that scatter plot , and this chart most used graph and the sole aim of using it is to provide visualizing relationship between two numeric variables.

Therefore, scatter plot is a chart type that provides the best visual display of the relationship between two numeric variables.

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Answer:

Bar Chart

Explanation:

according to the table, in which year did buyers of six-month treasury bills receive the highest real return on their investment?

Answers

The year 1990 shows buyers of six-month treasury bills receive the highest real return on their investment. Thus, option C is correct.

What are treasury bills?

Treasury bills aid in the administration's attempt to gather money to pay for commitments that exceed the amount of yearly revenue it produces.

In this table, there were various years and their ROI that is return in investment and in the year 1990 the people must have received a high rate of their return as they got around 5.6% of return which was highest compared to the rest of the years. Therefore, option C is the correct option.

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#SPJ1

The question is incomplete, the complete question will be:

The following table shows the average nominal interest rates on six-month Treasury bills between 1963 and 1967, which determined the nominal interest rate that the U.S. government paid when it issued debt in those years. The table also shows the inflation rate for the years 1963 to 1967. (All rates are rounded to the nearest tenth of a percent.)

According to the table, in which year did buyers of six-month Treasury bills receive the highest real return on their investment?

1989

1988

1986

1990

1987

Common resources fall into five general groupings. They include __________, Teams, Facilities, Equipment, and Supplies.

Answers

Based on the information given regarding common resources, the last option will be Personnel.

It should be noted that common resources simply refer to the resources that are useful for an organization to be able to achieve its objectives.

Common resources fall into five general groupings. They include Personnel, Teams, Facilities, Equipment, and Supplies.

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If G&M Foods issues a $1,000 bond with an interest rate of 3.5 percent and a maturity date of January 1, 2025, G&M is agreeing to pay the bondholder __________ interest each year until January 1, 2025, when it must repay the full $1,000.

Answers

Based on the face value of the bonds payable of $1,000 and an interest rate of 3.5%, G&M agrees to pay the bondholder the sum of $35 as interest annually until January 1, 2025, when G&M redeems the full $1,000 bond.

Data and Calculations:

Face value of bonds payable = $1,000

Interest rate = 3.5%

Maturity date = January 1, 2025

G&M's annual interest expense = $35 ($1,000 x 3.5%)

Thus, by issuing the bond of $1,000 at 3.5% per year, G&M agrees to pay $35 in interest expense.

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.

Dylan and Roberta want to teach their children about money management. What is the BEST way to help their children understand money?

A. Dylan and Roberta should invest money for their children’s education.

B. The children should manage their own weekly allowances.

C. They should wait until the children are older than 16 to discuss money.

D. The children should put all of their money in piggy banks and never spend it.

Answers

Hi!

Option C is correct.

Explanation of the choices:

A. - This seems a good choice, however it's not the best choice. Let's come back to it.

B. - This is the best choice because they get to experience first-hand how to manage and make their own money decisions. Choice A might seem good at first, but we can see this is better because they get to make their own decisions and experience hands-on how to do it.

C - This is not a good choice, because it's best to expose children early so they can grow up knowing how to do it.

D - This choice doesn't make sense. What is the point of money if you store it away and don't spend it? This will likely not be a good lesson in the future.

Hope this helps! :D

Answer:

the right answer is "B. The children should manage their own weekly allowances."

Explanation:

trust me ;)

The extended warranty on a $960 dishwasher is 21% of the purchase price and lasts for eight years. What is the effective cost per year of the extended warranty? a. $28. 80 b. $45. 20 c. $23. 78 d. $25. 20.

Answers

Answer:

holi eso la D con mucho trabajo por fin la realizar y la conteste

Quintín

Based on the percentage of the extended warranty and the number of years it is to last, the effective cost per year is d. $25.20

First find the total warranty coverage for the dishwasher:

= Warranty percentage x Cost of dishwasher

= 21% x 960

= $201.60

The effective cost per year is:

= Total warranty / Number of years

= 201.60 / 8 years

= $25.20

In conclusion, the cost is $25.20.

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I need some rare car brands for my channel please do not include Mitsubishi, pontiac, and mazda.

Answers

Answer:

Acura

Explanation:

what is the total tax a person or business has to pay called?

Answers

Answer:

it all depends how much the business makes

How can you say that Economics is a science of choice??​

Answers

Answer:

Your answer is attached above

hope it helps

and I want to talk to you kavya sis

It's really important plzz dont ignore plzzz

Which of the following is a service fee? an amount of money a bank charges?

O an amount of money a bank charges for the use of an account.
O an amount of money charged as interest on a credit card balance.
O a fee charged when there is not enough money in a checking account to cover a check.
O the minimum balance a bank requires to be deposited to opening a checking account.

^I am thinking D, but I am not certain. Could someone check please? Thanks!

Answers

Answer:an amount of money a bank charges for the use of an account.

Explanation:

When someone charges you money for them to do something it is called a service fee

How is Biden an affect on America.

Answers

Through Joe Biden's foreign policy plan, America will once again lead by example, ... the disruptive impact of new technologies, and climate change.

Your project team has expressed their communal position that they would prefer not to have a review meeting at the end of the project. As project manager, how should you respond to show the value of this meeting?

Answers

How you respond should show the value of this meeting is: To tell the team that lessons learnt from the project process can be used in other projects.

A project manager is a person whose sole responsibility is to:

Plan the projectDirect the projectManage the projectMonitor the projectExecute the project etc

Since the team said they would not have a review meeting at the end of the  completion of the project the best decision as a project manager is to tell the team member that lessons learnt from the project process can be used in other projects since the project is a special or unique project.

Inconclusion the project manager should tell the team that lessons learnt from the project process can be used in other projects.

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My response to the expressed communal position of the project team's  preference of not holding project review meetings is to stress its importance with regard to lessons for future projects.

The lessons that come from review meetings help the team to correct mistakes, realign processes, and improve performance.

Thus, since review meetings help to re-enforce the team's learning, I will reassure the team that the meeting would not take more time than necessary.  I will also ensure that each team member participate actively.

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Each week, Joe’s boss gives him a list of tasks and processes needing to be completed. Which motivating factor does
this satisfy?
A Its advertising B Its location
C Its people D Its products

Answers

Based on the information given, the motivating factor that is satisfied is it's products.

Motivating factors simply refer to the strategies, incentives, recognition, etc that can be used to improve the motivation to perform the duties at work.

From the information given, it can be noted that the motivating factor is task identification and this is important for the products.

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Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should Dawn walks into a customer's office with her sales presentation planned and immediately recognizes that the customer is upset about something. In this situation, Dawn should:

a. maintain a happy and cheerful demeanor.
b. sit down immediately and begin the presentation.
c. All of the answers are correct.
d. say something funny in an attempt to lighten the customer's mood.
e. ask if she should come back some other time for the meeting.

Answers

I think the answer would be C hope it helps

How large a payment must this customer make on 4/20/12 to be considered on-time with their payment?

Answers

An on-time payment simply means a payment that's paid back at a particular agreed at a particular due date that has been agreed.

Your information is incomplete. Therefore, an overview will be given. It should be noted that an on-time payment is important for one to run business affectively.

In this case, to be considered on-time with their payment, the customer should pay the agreed amount. Late payments simply impact ones ability to run business and can lead to one incurring more interest.

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What guidelines must colleagues follow when providing gifts, meals, entertainment or other things of value to clients, customers, or third parties

Answers

The guidelines that is needed to  be followed by colleagues when providing gifts, meals or entertainment to clients are;

The colleagues should make sure gift or entertainment is not been perceived as a bribe by clients.The gifts or entertainment must be consistent as regards the accepted business practice.The gift should not make the recipient to feel insecure in making a fair decision.

When gifting out some meals or entertainment to clients, there are some necessary consideration that is needed to be made so that the recipient won't feel unsecured with the gift.

In the process of gifting, one of the guidelines is that the gift should look like a bribe which means it must be aligned with business or practice of the organization

We can conclude that when a colleagues when providing gifts, meals to clients it should be done in way that follows accepted business practice.

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A real estate licensee typically allows the licensee to A) give tax advice to a prospective purchaser of real estate. B) provide legal advice to clients but not customers. C) represent clients and customers in residential or commercial property transactions, but not both. D) specialize in any category of real property.

Answers

C) represent clients and customers in residential or commercial property transactions, but not both.

A real estate licensee refers to an individual who holds an active license as a real estate broker, principal real estate broker or licensed real estate property manager.

A real estate licensee has permission to enter into a property they represent with the general public. This means that the owner of the real estate grant the agent his or permission to make use of the land.

Other duties of a real estate licensee are :

Determining clients’ needs and financials abilities to propose solutions that suit them.Providing guidance and assisting sellers and buyers in marketing and purchasing property for the right price under the best terms.

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The thing which a real estate license allows the licensee to be able to perform is to:

D) Specialize in any category of real property.

Real Estate licensee

A real estate licensee is a person who has the legal backing to be able to show prospective home owners various house listings and to also help them make a choice.

With this in mind, when a licensee becomes legal, that is has the backing of the government, then he can be allowed to specialise in any category of real property such as:

ResidentialCommercialRaw land, etc

Therefore, the correct answer is option D

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a token economy represents an application of the principles of

Answers

Based on business application, a Token economy represents an application of the principles of "operant conditioning."

What is a Token Economy?

Token Economy is the term used to describe the system of contingency management based on the systematic support of target behavior.

Generally, the Token Economy is established in a way that functions on operant conditioning and behavioral economics.

Token Economy can be categorized within applied behavior analysis.

Hence, in this case, it is concluded that the correct answer is "operant conditioning."

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WHAT IS THE WORLDS LARGEST PEANUT 50 points

Answers

Answer:

I AM THE LARGEST PEANUT

Explanation:

Answer:

Unveiled with fanfare on a chilly Friday, Nov. 15, 1974, it's 3 feet long and 18 inches around, crafted of 50 pounds of aluminum and dedicated to the Bryan County Peanut Growers and Processors

What is the Federal Reserve System able to do?

A. Mandate that the government create new jobs

B. Provide loans to individuals

C. Provide loans to banks

D. Encourage individuals to spend more money

Answers

Answer:

c

Explanation:

The federal reserve systems responsibilities include influencing the supply of money and credit to banks

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