Calculate the Ellen child tax credit

Assignment Help Accounting Basics
Reference no: EM132223944

Question - Ellen is married and lived all year with her husband and two children. She will file married filing separately and claim her two children as dependents. Her son Roger, born May 1, 2006, and her daughter Rhonda, born December 25, 2009, are both U.S citizens and did not provide any of their own support. Ellen's wages were $31,000 and she has no other income. Her tax is $1,090. Calculate the Ellen's child tax credit.

a. $2,000

b. $1,165

c. $0

d. $1,090

Reference no: EM132223944

Questions Cloud

How many months of child care expenses they deduct : The taxpayer had a qualifying child who is not disabled and who turned age 13 on May 31, 2017. How many months of child care expenses can they deduct
Make an income statement : Use the preceding information to make an income statement, a statement of changes in stockholders' equity, and a balance sheet for the company
Application of type of advocacy plan to other issues : Application of this type of advocacy plan to other issues and problems. Would this plan only work on this topic or is it generalizable to other topics
Discussion - planning and controlling decisions : Discussion - Planning and Controlling Decisions: Explain the difference between a centralized company and a decentralized company
Calculate the Ellen child tax credit : Ellen's wages were $31,000 and she has no other income. Her tax is $1,090. Calculate the Ellen's child tax credit
Explain weber ideal type bureaucracy : Explain Weber’s ideal type bureaucracy. What features of his explanation are still found in bureaucracy today? Provide an example.
What value should the building be recorded : The assessment value is 325,000. What value should the building be recorded at, and which accounting principal supports your answer
Farmers deliver their truckloads of grain to two identical : The grain harvesting season in the US Midwest is short, and farmers deliver their truckloads of grain to two identical,
What is the maximum education credit : Assuming that if they otherwise qualify, what is the maximum education credit that Emilio and Lara can take on their return

Reviews

Write a Review

Accounting Basics Questions & Answers

  Discuss what is the net present value of the investment

NextToo requires a 10% return on investments. What is the Net Present Value of the investment

  What price should be charged for the chairs produced

Assuming that Oxmoor desires to sell its chairs for cost plus 50 percent of cost, what price should be charged for the chairs produced in January and February?

  Gilman company purchased 100000 of the 250000 shares of

gilman company purchased 100000 of the 250000 shares of common stock of burke corporation on january 1 2009 at 40 per

  Statements concerning capital structure weights

Which one of the following statements is correct concerning capital structure weights?

  Differences between an investment trust fund

Identify the major similarities and differences between an Investment Trust Fund and a Private Purpose Trust Fund. Be sure to specify when each is used.

  Information between marketing and sales and accounting

Assume you run an Internet business with a couple of friends from college. Your company sells tickets to concerts and sporting events. Describe all the flows of information between Marketing and Sales and Accounting and Finance.

  Jamie smith negotiated a bank loan for 33000 for 90 days at

jamie smith negotiated a bank loan for 33000 for 90 days at a bank rate of 14. assuming the interest is deducted in

  Based on the following information what is the total equity

based on the following information what is the total equity at the end of 2013? the following is selected financial

  Compute the divisions profit margin

Compute the division's profit margin, asset turnover, and return on investment for this year and last year.

  Normally paid on fridays for work completed

Pablo Management has five part-time employees, each of whom earns $250 per day. They are normally paid on Fridays for work completed Monday through Friday of the same week. They were paid in full on Friday, December 28, 2013. The next week, the fi..

  Would the firms breakeven point increase

Schweser Satellites Inc. produces satellite earth stations that sell for $100,000 each. The firm's fixed costs, F, are $2 million; 50 earth stations.

  On december 31 2008 carver soldthe machinery for 80000

carver company purchased machinery on january 12007 at a cost of 200000. the machinery has an estimated usefullife of

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd