Business, 19.02.2021 16:20 aliviafrancois2000

Advanced Scenario 2: Pat and Terri Jefferson Interview Notes
Pat and Terri are married and want to file a joint return.
Pat is a U. S. citizen and has a valid Social Security number. Terri is a resident alien and has an ITIN.
Pat has a child from a previous marriage, Jacob, age 17.
Pat and Terri have a child together, Jill, age 12.
Jacob and Jill are U. S. citizens and have valid Social Security numbers.
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.
Terri did not have any income.
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: 1

Show answers

Another question on Business

Business, 21.06.2019 16:00

Corey is trying to save money to buy a new tv. he invests $800 into an account paying 6.5% simple interest. for how long must he save if the tv costs $950? a. 2 years b. 3 years c. 4 years d. 5 years

Answers: 1

Answer

Business, 22.06.2019 01:20

Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)

Answers: 2

Answer

Business, 22.06.2019 08:50

Comprehensive illustrative problem: mira's store on february 1 20a4 mica delaman opened astore that sells school supplies her main customer are the students and teachers of happy students school that is situated in front of her store. mira wanted to know the financial position of mira's store. mira knew you were studying accounting. so she asked for . 1. to start her business mira's opened a checking account in the name of mira's store . the statement of account from the bank shows that the checking account has a balance of 31,535 of december 31,20a4

Answers: 2

Answer

Business, 22.06.2019 12:50

Two products, qi and vh, emerge from a joint process. product qi has been allocated $34,300 of the total joint costs of $55,000. a total of 2,900 units of product qi are produced from the joint process. product qi can be sold at the split-off point for $11 per unit, or it can be processed further for an additional total cost of $10,900 and then sold for $13 per unit. if product qi is processed further and sold, what would be the financial advantage (disadvantage) for the company compared with sale in its unprocessed form directly after the split-off point?

Answers: 2

Answer

You know the right answer?

Advanced Scenario 2: Pat and Terri Jefferson Interview Notes
Pat and Terri are married and wa...

Questions