As Bernadette’s AGI ($103,000) is less than $160,000, Bernadette qualifies for a $2,500 American Opportunity credit. The lifetime learning credit is available per taxpayer on the first $10,000 of qualifying tuition expenses. Accordingly, her tuition ($2,000) would qualify for the credit during 2011. Therefore, Bernadette’s maximum lifetime learning credit would be $400 (20% × $2,000) for 2011. However, the $400 maximum credit would have to be reduced by $20 since her $103,000 AGI exceeds the threshold level of $102,000 for married
ENG 215 – English Composition Class Adjunct Professor Dr. Rachel De Luise Assignment # 1 Research Topics with Explanation Submitted by April 17th, 2012 1. Explain the reason for selecting topic one, identify the audience, and provide a preliminary thesis statement. Should taxes on people making over $250,000 a year be changed? Nowadays, income tax gives the strong influence to the improvement of every country. Controlling the tax in the suitable law may give a lot of national benefit.
2. Purchasing the satellite phone, would deepen his deficit by £25 pcm for two years. 3. They would be entitlement to state benefits once the child was born i.e. Child Benefit, a universal non-contributory; non-means tested tax free benefit for parents to claim (Personal Finance, Chapter 2, Page 79) and Child Tax Credit, although entitlement depends on a number of factors i.e.
Correlation between Q10 What is your cumulative Grade Point Average at Kaplan University? and Q11 How many hours do you spend on school work each week? is: 0.27817234 b) Is the correlation what you expected? I usually get better grades when I spend more time doing school work so I assumed a high correlation. c) Does the number of hours spent on school work have a causal relationship with the GPA?
The gross domestic product (GDP) is a major indicator that we use to measure the health of our country's economy. It embodies the total dollar value of all goods and services produced over within a given period. GDP is measured by either using an income approach or an expenditure approach. The components of and salaries, corporate profits, proprietors income, farm income, rent, interest, sales taxes, and depreciation (National Income Accounting ). The expenditure components are as follows: consumption, investment, government spending, and net
For the Petersan’s their allowable expense will be $3,000.00 for their one qualifying child, and based on their AGI of $90,916.00, they are limited to a $600.00 ($3,000 x .20) credit. This calculation is made using the table on Form 2441, and then reflected on line 48 of Form 1040. There is one additional credit they will qualify for and that is the Child Tax Credit. This is an up to $1,000 tax credit (reduces tax dollar for dollar) for each qualifying child subject to income limits. The Petersan’s have one qualifying child that meets the IRS criteria for the full $1,000 tax credit.
In forecasting the demand for over a three year period, Iona Ambulatory Care consultant assesses the resources at both Jasper and Middleboro facilities. Utilization rate is most commonly known as the operating rate of a firm. It is a metric used to measure the rate at which potential output levels are being met or used ad can be displayed as a percentage, capacity utilization levels give insight into the overall slack that is in the economy or a firm at a given point in time. If a company is running at a 70% capacity utilization rate, it has room to increase production up to a 100% utilization rate without incurring the expensive costs of building a new plant or
Not only will the massive amounts oil produced from this area have an effect, it is estimated to create anywhere from 250,000-735,000 jobs. Just for a reference as to how much this will boost the economy, since 1977 the North Slope oil development has pumped 500 billion dollars back into the economy. This is now slowly running out of resources considering it reached its peak production in 1980; however to continue boosting the economy more exploration needs to be done. (source 2) Action needs to be taken immediately because from the date of approval to exploration it takes anywhere from 7-12 years until the first barrel of oil is recovered. (Source 1/3) The 16 billion barrels of oil that lie untapped there would be more than enough to replace the oil Americans would purchase from Iraq for over 58 years.
FCAT and report grades are detailed below in the Academic Tables. The narrative uses rounded percentages and the tables reflect percentages reported to the hundredths. Report card grades show comparison between the first quarter and the 4th quarter. In the case of students that did not attend the entire year, but did attend 30 days or more, report card grades are the comparison between the first and last report cards applicable for those students. Students that maintained A’s are counted as increased.
Help the American Economy: Raise Minimum Wage In June of 1938 President Franklin D. Roosevelt signed into law a bill called the Fair Labor Standards Act (FLSA). The act was recommended by Congress in 1937 because its requirements were supposed to protect workers and stimulate the economy (Congressional Digest, 2013). Minimum wage was established by Congress in 1938 at the rate of $0.25 an hour. Minimum wage is currently $7.25 an hour due to several increases legislated by Congress over the past 75 years. Minimum wage was intended to protect the health and well-being of employees by creating a minimum standard of living.