Business, 05.02.2021 21:30 akdubgirlp7pe1v

Flag Advanced Scenario 2: Pat and Terri Jefferson

Interview Notes

â€¢ Pat and Terri are married and want to file a joint return.

â€¢ Pat is a U. S. citizen and has a valid Social Security number. Terri is a resident alien and has an ITIN.

â€¢ Pat has a child from a previous marriage, Jacob, age 17.

â€¢ Pat and Terri have a child together, Jill, age 12.

â€¢ Jacob and Jill are U. S. citizens and have valid Social Security numbers.

â€¢ Pat received a total of $3,300 in unemployment compensation when he lost his job due to the coronavirus pandemic. He also earned $22,000 in wages.

â€¢ Terri did not have any income.

â€¢ Pat and Terri provided all the support for their two children.

Advanced Scenario 2: Test Questions

3. Pat and Terry are eligible for which of the following credits?

a. Credit for other dependents

b. Child tax credit

c. Earned income credit

d. Both a and b

4. Patâ€™s unemployment compensation is not taxable this year because it was received as a result of the coronavirus pandemic.

a. True

b. False

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 14:00

Bayside coatings company purchased waterproofing equipment on january 2, 20y4, for $190,000. the equipment was expected to have a useful life of four years and a residual value of $9,000. instructions: determine the amount of depreciation expense for the years ended december 31, 20y4, 20y5, 20y6, and 20y7, by (a) the straight-line method and (b) the double-declining-balance method. also determine the total depreciation expense for the four years by each method. depreciation expense year straight-line method double-declining-balance method 20y4 $ $ 20y5 20y6 20y7 total $

Answers: 3

Answer

Business, 22.06.2019 17:30

Palmer frosted flakes company offers its customers a pottery cereal bowl if they send in 3 boxtops from palmer frosted flakes boxes and $1. the company estimates that 60% of the boxtops will be redeemed. in 2012, the company sold 675,000 boxes of frosted flakes and customers redeemed 330,000 boxtops receiving 110,000 bowls. if the bowls cost palmer company $3 each, how much liability for outstanding premiums should be recorded at the end of 2012?

Answers: 2

Answer

Business, 22.06.2019 19:50

The interaction of individual choices because a type of fish is on the verge of extinction, the government imposes rules that prohibit fishing in the publicly owned spawning grounds. at first owners of fshing bouts complain about this restriction on where they can fish, but soon they notice that the number of adult fish swimming outside the protected area is much higher than it was before. with the restriction, each fishing boat ends up catching more fish than it did before the r which of the following principles of economic interaction best describes this scenario? o there is a tradeoff between equality and efficiency o markets usually lead to efficiency. o when markets do not achieve efficiency,government intervention can improve overall welfare o markets allocate goodseffectively

Answers: 1

Answer

Business, 22.06.2019 23:40

Gif the federal reserve did not regulate fiscal policy, monitor banks and provide services for banks, what would most likely be the economic conditions to transact business in the u.s.? the economy would primarily be based on a barter system rather than a fiat system. there would be no discrimination in lending by local banks. the economy would be less efficient and transactions most likely more costly.

Answers: 1

Answer

You know the right answer?

Flag Advanced Scenario 2: Pat and Terri Jefferson

Interview Notes

â€¢ Pat a...

Questions