What is maximum amount of earned income vadims can report

Assignment Help Accounting Basics
Reference no: EM133184911

Question - Ladislav Vadim was deployed in a combat zone for all of 2021. He is married and has two children. Ladislav's non-taxable combat pay in 2021 is $25,000. His wife worked part-tome while Ladislav was deployed and earned $9,000. What is the maximum amount of earned income the Vadims can report for earned income tax credit purpose in 2021?

Reference no: EM133184911

Questions Cloud

Interaction shape optimal decisions in oligopoly environment : Explain how beliefs and strategic interaction shape optimal decisions in oligopoly environments.
Calculate the net present value of machine alpha : At the end of year 8, the company will sell the machine for $18,700. Calculate the net present value of Machine Alpha using a 16% rate of return
Journal response : Journal response. In you were directed to keep a professional work journal . Now you will review your work journal entries and arrange some of them
Compute the variance using two-way method : Stork Manufacturing Corp. provides the following information for the year 2021: Actual direct labor hours 148,000. Compute the variance using two-way method
What is maximum amount of earned income vadims can report : His wife worked part-tome while Ladislav was deployed and earned $9,000. What is the maximum amount of earned income the Vadims can report
What is the cost of capital : What is the cost of capital, cost of equity, cost of preferred stock, and cost of retained earnings for the company alimentation couche tard
Foreign trade and foreign investment : Compare and contrast foreign trade and foreign investment. Explain whether you are in favor of foreign trade (exporting) or foreign investment
Managing inventory throughout the supply chain : The just-in-time (JIT) movement has long argued that firms should Maximize their process flexibility so that ordering costs are minimal.
What impact do they have on international trade : Are you for or against free trade? What are trade agreements (like NAFTA), and what impact do they have on international trade?

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