Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Sep 27, 2024

Braden Salazar was deployed in a combat zone for all of 2020. He is married and has two children. Braden's nontaxable combat pay in 2020

Braden Salazar was deployed in a combat zone for all of 2020. He is married and has two children. Braden's nontaxable combat pay in 2020 is $14,000. His wife worked part-time while Braden was deployed and earned $7,000. What is the maximum amount of earned income the Salazars can report for EITC purposes in 2020?

$28,000

$21,000

$14,000

$7,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting an introduction to concepts, methods and uses

Financial Accounting an introduction to concepts, methods and uses

Authors: Clyde P. Stickney, Roman L. Weil, Katherine Schipper, Jennifer Francis

13th Edition

978-0538776080, 324651147, 538776080, 9780324651140, 978-0324789003

More Books

Students also viewed these Accounting questions

Question

★★★★★

How does advertising effect brand management and development? If building brand loyalty is one goal, can you identify several examples of businesses that have successfully used advertising campaigns...

Answered: 1 week ago

Question

★★★★★

can u please do it 5. Sarah elects to receive his retirement benefit over 30 years at the rate of 3,000 per month beginning one m onth from now. The monthly benefit increases by 4% each year. At a...

Answered: 1 week ago

Question

★★★★★

10. What is a systems approach, and how can failure to use this approach lead to poor decisions?

Answered: 1 week ago

Question

★★★★★

1. Identify the entities and their relationships. Then create an ERD for the reservations system. 2. Create 3NF table designs for the system. 3. For each of the entities identified, design tables and...

Answered: 1 week ago

Question

★★★★★

Braden Salazar was deployed in a combat zone for all of 2020. He is married and has two children. Braden's nontaxable combat pay in 2020 is $14,000. His wife worked part-time while Braden was...

Answered: 1 week ago

Question

★★★★★

Morganton Company makes one product and it provided the following information to help prepare the master budget: The budgeted selling price per unit is $65. Budgeted unit sales for June, July,...

Answered: 1 week ago

Question

★★★★★

Find f. f"(x)=12x+24x Oa. f(x)=6x+4x++Cx+D Ob. f(x)=x+4x+Cx+D Oc. f(x)=2x+2x + Cx+D Od. f(x)=2x3+x+Cx+D Oe. f(x)=4x +8x+Cx+D

Answered: 1 week ago

Question

★★★★★

For the first step in your change management plan, begin with research and analysis of your organization\'s needs. In this research and analysis, address the following components: 1. Clearly define...

Answered: 1 week ago

Question

★★★★★

Determine two or more obstacles to implement TQM in anyone of the organization listed below: 1. Large bank 2. Health care facility 3. Academic department 4.non academic department 5. Department store...

Answered: 1 week ago

Question

★★★★★

show a method called stringToListOfWords() which takes in a String converts it into a list of words. We assumes that each word in the input string is separated by whitespace.3 If our input String is...

Answered: 1 week ago

Question

★★★★★

Sales on account amounting to 80,955 were made at a gross profit rate of 40% of cost of goods sold. What is the cost of goods sold?

Answered: 1 week ago

Question

★★★★★

1. Explain the law of demand. Why does a demand curve slope downward? How is a market demand curve derived from individual demand curves? LO3.2

Answered: 1 week ago

Question

★★★★★

2. Most scalping laws make it illegal to sellbut not to buy tickets at prices above those printed on the tickets. Assuming that is the case, use supply and demand analysis to explain why the...

Answered: 1 week ago

Question

★★★★★

4. What are the determinants of supply? What happens to the supply curve when any of these determinants change? Distinguish between a change in supply and a change in the quantity supplied, noting...

Answered: 1 week ago

Previous Question Next Question