What amount of EIC is Tyler eligible to receive

Assignment Help Accounting Basics
Reference no: EM132639696

Question - Tyler is a qualifying widower and has 10-year old twin boys. Tyler had the following income for the year:

Wages $28,750

Interest income $390

Raffle winnings 1,500

Assuming all EIC requirements are met, what amount of EIC is Tyler eligible to receive?

a. $3,460

b. $3,386

c. $3,702

d. $3,776

Reference no: EM132639696

Questions Cloud

What would happen to the marginal propensity to save : What would happen to the marginal propensity to save when a tax cut was enacted causing the multiplier to change to 5?
Calculate the total manufacturing costs for july for job : Prepare the journal entry when job A254 was completed on 26 July, assuming that the balance of work-in-process inventory for job A254 on 1 July
What is the amount of their child tax credit : They have no other tax credits for the tax year. What is the amount of their child tax credit/credit for other dependents on Form 1040, line 13a
Change in equilibrium level of real gdp : What is the multiplier when the change in equilibrium level of real GDP in the aggregate expenditures model is 9, and change
What amount of EIC is Tyler eligible to receive : Tyler is a qualifying widower and has 10-year old twin boys. Assuming all EIC requirements are met, what amount of EIC is Tyler eligible to receive
What are disadvantages of billing of medicare fee schedule : What are disadvantages of billing 100% or 500% of the medicare fee schedule as it relates to profitability? Explain in detail with an example.
What are the long-term implications of continued government : Should the United States government be required to have a balanced budget? What are the long-term implications of continued government indebtedness?
Discuss why this is environmental justice issue : Read the example below and discuss why this is an environmental justice issue. Identify potential health effects that might stem from this issue
Which of the statements is most accurate : Fiona plans to file a tax return; however, her grandmother is not required to file a return. Which of the following statements is most accurate

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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