Mr. and Mrs. Harvey's tax liability before credits was $1,675. Their income tax withholding was $1,050, and they are entitled to a $1,189 Earned Income Credit. Which of the following statements is TRUE?

The Harveys are entitled to a $1,050 tax refund.

The Harveys are entitled to a $564 tax refund.

The Harveys owe no additional tax but they are not entitled to a refund.

The Harveys are entitled to a $1,189 tax refund.

Answers

Answer 1

The Harveys are entitled to a $1,189 tax refund. The correct answer is option d.

To determine the tax refund, we need to calculate the difference between their tax liability before credits and their income tax withholding, and then add the Earned Income Credit.

Tax refund = (Tax liability before credits) - (Income tax withholding) + (Earned Income Credit)

Tax refund = $1,675 - $1,050 + $1,189 = $1,814

Therefore, The correct answer is option d.

A tax refund is the amount of money that a taxpayer is owed by the government when they have paid more in taxes throughout the year than their actual tax liability. It is the excess amount that is returned to the taxpayer.

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Complete question

Mr. and Mrs. Harvey's tax liability before credits was $1,675. Their income tax withholding was $1,050, and they are entitled to a $1,189 Earned Income Credit. Which of the following statements is TRUE?

a. The Harveys are entitled to a $1,050 tax refund.

b. The Harveys are entitled to a $564 tax refund.

c. The Harveys owe no additional tax but they are not entitled to a refund.

d. The Harveys are entitled to a $1,189 tax refund.


Related Questions

Franklin is planning for a purchase of a vehicle in two years. Since he wants to be
certain that his funds are safe (insured), which of the following should he use? *
O A credit card
O A mortage
O A loan
O A savings account

Answers

I’m pretty sure it’s a but not 100 percent sure

Answer: A Savings Account

Explanation:

Which best description of joint tenancy is best? Two or more people own a property equally or two or more people in the same family own a property equally

Answers

Answer:

Two or more people own a property equally

Explanation:

This persons who equally own a property may not necessarily be a family member, and the property may be a business, brokerage accounts or a real estate (a single home).

In most cases however, this Joint tenancy is made between married couples, wherein both parties equally own a property and share in the responsibilities of that property. Ownership is transferred to the other remaining members of the agreement automatically if one party dies.

The best description that can denote joint tenancy that two or more people own a property equally. So, the correct option that matches the above statement is A.

Joint tenancy refers to the condition where at least two people jointly hold, acquire or possess the benefits of a property under their name in proportion as may be determined.

The joint ownership is a condition where at least two people are required to make contracts of owning, buying, renting, leasing or selling such property in an equal proportion.

The ratio of ownership in case of a joint ownership of a property where the benefits are shared equally is 1:1. One partner will share the benefits and bear losses equally in proportion of the other owners.

There exists a relationship of vicarious liability in case of a joint tenancy which refers that one partner will be liable for the acts of the other partner(s).

Hence, the correct option is A that the best example of a joint tenancy is when two or more people own a property equally.

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How do you calculate a company's net worth?
a) Total up all Assets
b) Subtract total Liabilities from Stockholder's Equity
O c) Subtract Stockholder's Equity from Total Assets
O d) Subtract total Liabilities from total Assets

Answers

Answer: d
To find a companies net worth you subtract total liabilities from total assets
Your welcome…

why is etiquette important in debate tournaments

Answers

To sound professional, it gives advantages to you for it to be easier to win

Supply-side policies have proven that smaller government makes the economy more efficient. ​ Select one: True False

Answers

Answer:

The given statement is "False".

Explanation:

Supply-side policies include those strategies that increase the economic ability of an enterprise as well as the ability to manufacture. To increase supply-side efficiency, there are also many specific steps that somehow an authority may undertake. Any strategy that increases the economic capacity of a nation's infrastructure and therefore its ability to transfer should be under the supply-side legal framework.

because of the partiality embedded in plans, plans are hierarchical. question 1 options: true false

Answers

The given statement: Because of the partiality embedded in plans, plans are hierarchical is TRUE.

In business, management, and administration, planning is the process of establishing objectives and determining the methods to achieve them. Organizations set goals and establish policies, procedures, and systems to achieve them, with the goal of directing the behavior of workers and resources toward the organization's objectives.

As a result, plans must be made to establish a path to follow, with partiality and hierarchy included in those plans. Partiality refers to a biased, one-sided viewpoint or approach, and it can have a significant impact on plans.

The objectives, policies, and procedures that are planned will be more favorable to some stakeholders than to others, and this bias will be reflected in the hierarchical structure of the plans.

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When performing the "Incremental ROR analysis" of multiple mutually exclusive alternatives, the first step is to order all the alternatives from the largest to the smallest initial investment.

O True

O False

Answers

Answer:

True

Explanation:

Mutually exclusive is a situation where two projects cannot be incorporated together. These are independent projects which needs to be selected based on their risk and return. The first step is to list the projects according to their initial investments.

Concrete terms can never be used in an abstract or symbolic way.


Please select the best answer from the choices provided

Answers

Answer:

The statement is FALSE.

Explanation:

Concrete terms are referred to those objects and events that are available to the five senses of human. However, these terms can be used in an abstract or symbolic way. A word is concrete in a specific context, but becomes a symbol of an abstract idea in a different context depending on the author's intent. This is possible because that symbol is not used in a literal meaning, but is used to represent an idea which usually means something else. Henche the given statement is wrong.

Answer:

False

Explanation:

I just took the test

Complete this paragraph about the impact of trade on American jobs based on the video you just watched.
New Balance manufactures its shoes in
. The Obama administration proposed a trade agreement called the
. It is
to hire Vietnamese workers than American workers. New Balance executives are hoping to avoid their workers losing their
because of the trade agreement.

Answers

Answer:

The radius of the earth is 6371 km and the weight of an object on the earth is 800 N. The weight of the object at an altitude of 6371 km above the surface of the earth

Answer:

New England

Trans-Pacific Partnership

10 times cheaper

Jobs

Explanation:

akim wants to see all vendor transactions that affect accounts payable. what report does he run?

Answers

Akim would need to run an "Accounts Payable Vendor Transaction Report" or a similar report that specifically filters and displays transactions related to vendors and accounts payable.

This report would provide a summary or detailed view of all transactions that impact the accounts payable ledger, such as invoices, payments, credits, and adjustments, associated with vendors or suppliers.

By running this report, Akim would be able to review and analyze all relevant vendor transactions, helping him to effectively manage and reconcile accounts payable activities within the financial system or software being used.

The exact naming and content of the report may vary depending on the specific accounting software or system being utilized by Akim's organization.

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You work in a company that has snacks in the kitchen. You realize that a coworker never brings their own food or eats out, but instead eats 5-6 snacks each day. You’re aware that other employees help themselves to snacks, but limit themselves to 1 snack per day.

Answers

In case you worry about your colleague's frequent munching tendencies, try initiating a cordial and objective dialogue without any hint of criticism. Voice your concern regarding their welfare and enquire on how to assist them in choosing healthier snacks.

How should you treat this situation?

Additionally, it may be plausible that this coworker has an underlying medical condition or dietary limitation prompting he requires more snack breaks than what is perceived as normal practice. In such cases, supportive understanding will go a long way in the person's psychology boosting.

Furthermore, for workers who only snack once each day, disparities impact different dietary necessities and lifestyle preferences aside from health aspects. Hence, gauging an individual in line with someone else proves futile due to numerous factors at play.

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When calling a support line to request help with a computer problem, it is best to

provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem

Answers

Answer: Provide as many details and information as possible.

Explanation:

So they can identify the problems with your computer

Answer:

1.provide as many details and information as possible.

Explanation:

A company uses the weighted average method for inventory costing. During a period, Department B finished and transferred 67,000 units to Department C. Also in Department B during the period, 18,500 units were started but brought only to a stage of being 60% completed. The number of equivalent units produced by Department B during the period was:

Answers

Answer:

78,100 units

Explanation:

Calculation for the number of equivalent units produced by Department B

Using this formula

Department B Number of equivalent units =

Units finished and transferred from Department B to Department C + (Units that were started in Department B × Percentage completed)

Let plug in the formula

Department B Number of equivalent units= 67,000 units + (18,500 units × 60%)

Department B Number of equivalent units= 67,000 units + 11,100 units

Department B Number of equivalent units= 78,100 units

Therefore The number of equivalent units produced by Department B during the period was 78,100 units

check kiting is when a person with access to customer payments and accounts receivable records steals a customer’s payment.

Answers

The maximisation of shareholder wealth is the aim of financial management. This includes the stock price for publicly traded corporations, as well as the market value of something like the owners' equity for privately held businesses.

Customers' payments are being intercepted and taken by a worker who also is scraping receivables. What distinguishes skimming fraud from cash larceny because it is carried out before the payment reaches the business' accounting system.

Any money your owing your clients for products or services they previously purchased from you was referred to as accounts receivable. Following a few weeks, these money is normally collected and added to the balance sheet of your business as an asset. In accrual-based accounting, you make use out of accounts receivable.

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True or false: the type and extent of documentation depends on the nature of the business's products and processes as well as the nature of the organization.

Answers

The type and extent of documentation required by a business depend on several factors. The statement is true.

Firstly, the nature of the business's products and processes plays a crucial role. Complex or highly regulated industries, such as pharmaceuticals or aerospace, often require extensive documentation to ensure compliance, quality control, and safety. On the other hand, less complex industries may have less stringent documentation requirements.

Secondly, the nature of the organization itself influences documentation needs. Large corporations typically have more elaborate documentation systems due to their size, multiple departments, and hierarchical structure. Startups or small businesses may have simpler documentation processes, focusing on essential procedures and policies.

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The longet ide of a right triangle i 20 inche long. The area of the triangle i 96 quare inche. What are the length of the other two ide?

Answers

Answer: The other two sides are both 80 in.

Explanation: The sides of a triangle always add up to make 180, a straight angle. Since you said the longest side, we assume this is an isosceles triangle; therefore, the other two sides are the same length. So,

180-20=160

160 is the remaining length we have after taking away the 20 inches.

160/2=80

Since the other two sides are the same length, we divide 160 by 2 to get an equal amount of length.

fast pls The Fair Labor Standards Act does not cover which of the following?
unemployment compensation
child labor
minimum wage
overtime pay

Answers

The answer is unemployment compensation :) hope this helps

entperise opportunities ​

Answers

Explanation:

A business opportunity (or bizopp) involves sale or lease of any product, service, equipment, etc. ... The licensor or seller of a business opportunity usually declares that it will secure or assist the buyer in finding a suitable location or provide the product to the purchaser-licensee.

hope this helps you.

Journal entry for paid telephone rent for the year by Cheque Rs. 500.​

Answers

Answer:

telephone rent A/c. Dr. Rs.500

To bank A/c. Rs.500

(being telephone rent paid )

The journal entry of the payment of telephone expenses is that the telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque.

Here is the journal entry for paid telephone rent for the year by Cheque:

The journal entry to record the payment of telephone expenses by cheque is as follows:

Date           Account Titles and Explanation                Debit             Credit

--------------------------------------------------------------------------------

2023-07-18    Telephone expenses                               $500

                                                 Bank                                                    $500

(To record the payment of telephone expenses by cheque.)

The telephone expenses account is a nominal account, which means that it is used to record expenses. The bank account is a real account, which means that it is used to record assets. The debit and credit entries are equal in amount, which means that the accounting equation is balanced. The journal entry is dated July 18, 2023, which is the date on which the payment was made. The explanation for the entry provides a brief description of the transaction.

In summary, the journal entry records the payment of telephone expenses by cheque. The telephone expenses account is debited to record the expense incurred. The bank account is credited to record the payment made by cheque. The debit and credit entries are equal in amount, which means that the accounting equation is balanced.

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Managers do not need to motivate employees to want to do their jobs efficiently and effectively.
O True
O False

Answers

False because I believe it is

_______ is required when operating a jointer

Answers

Safety glasses is required when operating a jointer.

How do you stay safe when using a jointer?

Your question is incomplete so I will give a general overview of the question to help you understand the concept.

When using a jointer, it is important that you wear safety glasses to avoid anything getting into your eyes. A face shield is also recommended.

You should also wear something to protect your hearing from the noise that the jointer would be making which can be quite loud and damaging in the long term is care is not taking.

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The stock plan industry in North America is a $70 million per
year industry that started by giving away plans for free.
Group of answer choices
True
False

Answers

False.The statement is false. The stock plan industry in North America is significantly larger than $70 million per year.

It is a multi-billion-dollar industry that encompasses various services related to stock plans, including administration, consulting, software, and financial management.

Stock plans are commonly used by companies to offer equity-based compensation to their employees, such as stock s, restricted stock units, and employee stock purchase plans. These plans provide employees with an opportunity to share in the company's success and align their interests with shareholders.

While it is possible that some companies or organizations may have initially offered free stock plan services or resources as a promotional or introductory strategy, the overall stock plan industry is not based on giving away plans for free. It is a robust and profitable industry that involves professional services, software platforms, and specialized expertise to support companies in implementing and managing their stock plans effectively.

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basheer operates a business that smooths and finishes poured concrete floors, sidewalks, driveways, and pool decks. basheer has been observing and timing each task undertaken by his workers because he would like to increase their efficiency. basheer is engaging in ________ management.

Answers

Basheer is engaging in performance management.

As the manager, Basheer is monitoring and evaluating his employee's work to increase their efficiency. He must create the environment for his employees to bring out their best abilities in performing tasks that satisfy customers with the highest quality.

Performance management is a management tool that enables monitoring and evaluation of the tasks carried out by workers so that efficiency can be increased and management's goals achieved.

Thus, Basheer is engaged in performance management when he observes and times each task by his workers to improve performance efficiency.

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Which workplaces are typical for someone working in Marketing, Sales, and Service? Select all that apply,
A factories

B offices

C customer's homes

D home offices

E stores

F warehouses

G La vehicles

H research centers

Answers

The workplaces that are typical for someone working in Marketing, Sales, and Service are:

storesfactorieswarehouses

Why do people work in Marketing, Sales, and Service?

Majority work in these section to promote product and sales of goods and service.

Hence, the typical workplaces of someone working in Marketing, Sales, and Service includes stores, factories and warehouses.

Therefore, the Option A, E and F is correct.

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Answer:

A. Factories
E. Stores
F. Warehouses

Explanation:

Personal papers are documentary materials of a private or nonpublic character that do not relate to, or have an effect on, the conduct of agency business. True or false?.

Answers

Personal papers, it is true, are documents with a private or nonpublic nature that have no bearing on or relation to how an agency conducts its business.

Documentary materials utilized solely for personal purposes are referred to as personal papers. They consist of the following types of content:

Documents produced prior to joining the federal service: files from prior employment, political papers, and reference files Private documents made, received, or brought into the office include family and personal correspondence, records of work-related, extracurricular, or political activity, book and article manuscripts, drafts, and volunteer and community service records.

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as it relates to a business combination transaction, a statutory merger is a(n) group of answer choices acquisition of a supplier. business combination in which both companies continue to exist after the business combination transaction is completed. acquisition of a competitor. business combination transaction in which only one of the two companies involved continues to exist as a legal corporation after the transactions occurs

Answers

A statutory merger is a(n) business combination transaction in which only one of the two companies involved continues to exist as a legal corporation after the transactions occurs. So, correct option is D.

In a business combination transaction, a statutory merger is a type of transaction in which two companies combine to form a new entity, with one of the companies typically being absorbed into the other. In a statutory merger, the acquiring company survives and the target company ceases to exist as a separate legal entity.

Statutory mergers are often used in situations where one company wants to acquire another company's assets, liabilities, and operations. The acquiring company typically pays a premium for the target company's shares, and the shareholders of the target company receive shares in the acquiring company in exchange for their ownership interest.

This type of transaction can provide several benefits, including the ability to combine resources and achieve economies of scale. Additionally, it can provide a quicker and more efficient way for a company to enter new markets, expand its product offerings, or achieve other strategic objectives.

So, correct option is D.

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Macrophages in the lamina propria of the intestines behave differently than macrophages found in skin tissue. Those in the lamina propria
O express much higher levels of TLRS
O do not express signaling receptors needed for inflammatory cytokines.
O cannot phagocytose bacteria
O actually, there are none in the lamina propria
O express high levels of 87 costimulator

Answers

Macrophages in the lamina propria of the intestines express higher levels of Toll-like receptors (TLRs).

What differentiates macrophages in the lamina propria of the intestines from those found in skin tissue?

Macrophages in the lamina propria of the intestines exhibit distinct characteristics compared to macrophages found in skin tissue.

One key difference is that macrophages in the lamina propria express much higher levels of Toll-like receptors (TLRs).

Toll-like receptors play a crucial role in recognizing and responding to microbial components, initiating immune responses against pathogens.

This heightened expression of TLRs suggests that intestinal macrophages are specialized to detect and respond to microbial stimuli within the gut environment.

In contrast, the statement that they do not express signaling receptors needed for inflammatory cytokines, cannot phagocytose bacteria, or express high levels of 87 costimulator contradicts our current understanding of macrophage functions and may not be accurate.

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what are the criticisms of fiscal policy

Answers

Answer:

Fiscal policy is the adjustment of tax rate and government spending that is used to handle current economic situation.

There are several of criticism that usually found on fiscal policies.

- Time Lags.

The effect of fiscal policies could only be felt years after the policies are made. Often times, this goes unnoticed by the citizens of the country, making it look like that the government took no action to handle their economic issues.

- Strengthening foreign influence

One of the things that the government can do to reduce the inflation is by selling government bonds to the public. These bonds can be bought by companies from another countries. This will strengthen that country's influence over US economy.

- It could create a budget deficit for the next government officials.

Government in United States were reshuffled between 2-4 years. While the effect of fiscal policies could need more than 10 years before it actually can be felt.  Sometimes, fiscal policies taken by previous government could create a deficit that had to be handled by the next government after the election.

Click this link to view O*NET’s Work Context section for Financial Analysts. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Financial Analysts? Check all that apply.

a. indoors, environmentally controlled
b. face-to-face discussions
c. electronic mail
d. extremely bright lighting
e. cramped work space
f. spend time bending or twisting the body

Answers

The work context for financial analysts includes indoors, environmentally controlled, face-to-face discussions, and electronic mail.

Financial analysts are involved in the duties to provide businesses with guidance regarding their fund management, the performance of financial instruments, and financial market assessment.  

According to O*NET, financial analyst performs their activities in indoor premises that have a controlling work environment in terms of work ethics and culture.

Another task of financial analysts is to have face-to-face discussions while meetings or presentations with investors and clients of the business regarding business financial goals and profitability.

Electronic mail is also used by analysts to coordinate with other departments and gather financial information.

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Answer:A,B,F

Explanation:Trust

why it is likely that venture capital is disbursed in installments, rather than issuing all necessary funds at once?

Answers

That venture capital is disbursed in installments, rather than issuing all necessary funds at once Most individual venture-funded projects fail.

Venture capital is a type of private equity funding that venture capital firms or funds provide to startups, early-stage companies, and start-ups that are believed to have high growth potential or to demonstrate high growth. is.

Venture capital (VC) funds are pledged to invest in early stage companies. Investors who put money into the fund are called limited partners. The person who manages the fund is called the general partner.

Venture capital funds invest in startups in exchange for shares in each company. Risky investments are riskier than other asset classes, but they also have the potential for very large returns. VCs raise money from a network of limited partners who are wealthy individuals or institutions.

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in the human blood grouping, the four basic blood types are type a, type b, type ab, and type o. they are: Periodic trends are examined by looking down the _ of elements or by looking across the _ of the elements PLEASE HELP!!!A weather forecaster predicts that there is a 50% chance of rain on Saturday and a 40% chance of rain on Sunday. If these probabilities are correct, what is the probability that it will rain on both days? ofTech A says that a micrometer is used to measure rotor thickness variation. Tech B says that amicrometer is used to measure rotor lateral runout. Who is correct?Select one:O a. Tech AO b. Tech BOc. Both A and BOd. Neither A nor B why did the iroquois fight mourning wars americans dispose of how much municipal solid waste each year? The graph shows the number of sprays an automatic air freshener dispenses, y, in x minutesWhich expression can be used to calculate the rate per minute at which the air freshener dispenses sprays?A) 30 over 6B) 24 over 30C) 30 over 24D) 6 over 30 Why werent scientists initially concerned that the ocean absorbs excess carbon dioxide? Answer the following questions:5. Who decides what a books cover will be?Note: "Regency-clad" (3): The Regencywas the period between 1795 and 1837 (the latter part of the reignof George III Which restriction endonucleases would cleave a dna molecule at the given sequences? the complementary dna substrate strand is omitted for clarity. An op amp has Vsat = +/- 13 V, SR = 1.7 V/s, and is used as acomparator. What is the approximate time it takes to transitionfrom one output state to the other? Find the critical numbers of the function. (Enter your answers as a comma-separated list. If an answer does not exist, ent P-4 (= p" h(p) 2 p x When Interim Activity is on in DCS Detail, which color denotes that an issue in the table has since been redeemed or matured?a. Greenb. Redc. Blued. Yellow Events that the EMR would likely be required to report to a state or federal agency would NOT include: Urbanization is best described as the.. blank Growth of cities Growth of farmsDecline of cities Decline of rural areas Help pls , question is in picture Yesterday, Clarence went to see a special exhibit at an art museum. he left his house at 7:45 A.M. It took Clarence 30 minutes to walk to the subway station. Clarence rode the subway for 1 hour and then walked 15 minutes to the art museum. What time did Clarence arrive at the art museum? Howard Cunningham has a $90,000.00 whole life policy. What will the cash value of her policy be at the following anniversary dates?(Include decimal places for cents in each answer, even when cents are not calculated. Use a thousands comma where applicable.) Find the length of a rectangular prism with a volume of 5 3/8, a width of 1/3, and a height of 3. what is the maxium number of right angles that can be contained in a triangle