Phil's qualified education expenses for the year are $34,000. He claims a $2,500 American Opportunity Credit (based on $4,000 of his expenses). If Phil receives a $40,000 ESA distribution that includes $4,000 in earnings, how much of the entire ESA distribution will he receive tax-free

Answers

Answer 1

Based on the information given, the amount that will be tax-free from the ESA distribution will be $39000.

From the information given, the eligible education expenses will be:

= $34000 - $4000

= $30000

The tax free portion will be:

= (4000 × 30000) / 40000

= $3000

The total tax-free distribution will be:

= Contributions + Earnings

= $36000 + $3000

= $39000

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Related Questions

This SKU has an inconsistent product classification with the ASIN. Please submit a feed to update this SKU to match the ASIN product classification

Answers

It should be noted that a stock-keeping unit (SKU) means a scannable bar code that is usually seen on product labels that are in a retail store.

Your information is incomplete. Therefore, an overview of SKU will be given. The stock-keeping unit (SKU) allows vendors to be able to track the movement of their inventory.

On the other hand, ASIN stands for Amazon Standard Identification Number. It is a ten letters unique identifier for a product that is given by Amazon.

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Which type of reinforcement schedule results in the quickest learning

Answers

A continuous reinforcement schedule (CRF) presents the reinforcer after every performance of the desired behavior. This schedule reinforces target behavior every single time it occurs, and is the quickest in teaching a new behavior.

I bad at explaining things but a easy way to learn quicker (for me anyways) is by taking notes and going over them everyday and reading a little ahead then you have to. Also by going at your pace first till you get use to it before you start pushing your self a little harder.

This helps a lot but than again every one is different so I would honestly juts say to go slow at first and work your self up that way it would he a lot easier on you if you want to learn faster

7. The Moroccan monetary authority is using a heavily-managed float to keep the dirham at U.S. $0.12 per dirham. Under current foreign exchange market conditions, nonofficial supply and demand would clear at U.S. $0.15 per dirham.

a. Using official intervention, what does the official Moroccan monetary authority have to do to keep the exchange rate at U.S. $0.12 per dirham?
b. If the monetary authority believes that this is a temporary disequilibrium, what does the authority expect to happen soon?
c. If private investors and speculators believe that this is a fundamental disequilibrium, what actions are they likely to take?

Answers

Based on the information given, the thing that should be done to keep the exchange rate at $0.12 per dirham is to sell foreign currencies to get more dirham.

It should be noted that since the non-official supply and demand of dirham is pegged at $0.15/ Dirham and the actual rate is $0.12/dirham, it implies that the Dirham is devaluated.

 

The authority will believe that due to devaluation, net export will rise and this will increase the income of the country.

Lastly, the private investors and speculators will not invest because the currency has lost its value compared to the dollars.

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On January 1, Year 1, Hardy Company had a balance of $116,500 in its Common Stock account. During Year 1, Hardy paid $38,000 to purchase treasury stock. Treasury stock is accounted for using the cost method. The balance in the Common Stock account on December 31, Year 1, was $147,500. Assume that the common stock is no par stock. Required a. Determine the cash inflow from the issue of common stock. b. Prepare the financing activities section of the Year 1 statement of cash flows. (Amounts to be deducted should be indicated with a minus sign.)

Answers

Answer:

Basically the answer you just have to use points and haul and you just get the one that you think is the best for highlighting and then you just get the Basically the answer you just have to use points and whole and you just get the one that you think is the best for highlighting and then you just get that and then You do points and whole

Explanation:

P/w

6.You now have the agreement with the company and will sign the contract as you and the company are satisfied with the contract agreement. Of course, this is will be your first step to build a strong relationship between you and your employer. Your manager will know more about you. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship


7.You and the other party have either come to an agreement on the terms, or one party has decided that the final offer is unacceptable and therefore must be walked away from. Most negotiators assume that if their best offer has been rejected, there’s nothing left to do. You made your best offer and that’s the best you can do. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship


8.Assemble the information you’ve gathered in a way that supports your position. You can present facts that show what you will contribute to the organization in the future, which in turn demonstrates your value. This represent which of the negotiation process element?


A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

Answers

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

7.You and the other party have either come to an agreement on the terms, or one party has decided that the final offer is unacceptable and therefore must be walked away from. Most negotiators assume that if their best offer has been rejected, there’s nothing left to do. You made your best offer and that’s the best you can do. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

8.Assemble the information you’ve gathered in a way that supports your position. You can present facts that show what you will contribute to the organization in the future, which in turn demonstrates your value. This represent which of the negotiation process element?

A- Gather information

B- Manage concessions

C- Manage time

D- Build the relationship

Help help business please pelsss

Answers

Answer:

B. Negative

Explanation:

When all other things remain constant, there is an inverse relationship, or negative correlation, between price and the demand for goods and services.

Hope this helps!

1. WHO CAN DO AFFILIATE MARKETING?

Answers

Answer:

anyone

Explanation:

is this the only question?

Rachel borrows money from her bank to buy a car. What type of bank service
is Rachel using?
O A. Credit card
B. Checking account
C. Savings account
D. Loan

Answers

Answer:

D

Explanation:

A loan refers to money borrowed by people or organisations from the bank

The type of bank service which Rachel is using in order to buy a car is 'loan.'

What is a bank?

A bank, an financial institute that deals in money and its substitutes. A bank accepts deposits from the public and then creates a demand deposit while also simultaneously providing loans. Thus, banks are intermediaries between depositors (who lend money to the bank) and borrowers (to whom the bank lends money).

What services do banks provide?

Banks provide a lot of services to its customers. These services intends to attract customers. Such services provided by the banks are- giving loans, credit and debit cards, discounting on bills of exchange, cheque payments, digital financial services, and even personal services.

What do you mean by a loan?

A loan is a sum of money that one or more individuals or companies borrow from banks or other financial institutions so that they can manage planned or unplanned events financially.

When a loan is borrowed from a bank or other financial institution it has to be paid back, usually together with an extra amount of money called interest, that you have to pay as a charge for borrowing within a given period of time. Thus, loans provide liquidity to businesses and individuals, and so they are a necessary part of the financial system.

Hence, option D is correct.

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#SPJ2

Products that a seller sells in other countries are called
A. imports.
B. exports.
c. trade barriers.
D. quotas.

Answers

Answer:

im pretty sure it is A thx

Answer:

B. exports

Explanation:

It's leaving the country that the seller resides in.

Match the technology with the appropriate task

Answers

Answer:

1. e-mail = send a message and an attached document to ten staff members

2. GPS = get directions to a destination

3. fax machine = send a copy of documents to another office

4. Web browser = search the Web for information

5. word processor = type a business letter

A tax on the amount of money a person earns in a year is a(n)
A. income tax
B. sales tax
C. credit tax
O D. property tax

Answers

Answer:

A. Income Tax

Explanation:

Answer:income Tax

Explanation:I jus take a test

According to the income balance, the “+” sign refers to _____ and the “-” sign refers to _____

Answers

Answer:

positive negative or addition and subtraction

incoming dollars coming in when merchandise is exported; dollars that leave the country to pay for imports

How can a company economically benefit by Producing green products

Answers

Your company can benefit from tax breaks, government subsidies, savings from eco-friendly practices, and increased popularity

As a multinational corporation, Starbucks is able to


A establish coffee prices for all companies

B lower product standards

C sell coffee only in the United States

D sell coffee to other parts of the world

Answers

As a multinational corporation, Starbucks can D. sell coffee to other parts of the world.

Characteristics of a multinational corporation: It is registered and has business operations in more than one country.For example, Starbucks has its headquarters in the U.S.It can operate wholly or partially owned subsidiaries in other countries.Sell its franchise to other companies using its brand name.

Starbucks may not establish coffee prices for all companies or lower product standards, or sell coffee only in the United States.

Thus, Starbucks can sell coffee to other parts of the world.

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Answer: d

Explanation:

while calculating the coefficient of correlation between two variables x and y, the following results were obtained: n=25,

Answers

Answer:

therefore,the domain of the logarithmic function y=x is the set of positive real number and the range is the set of rwal number.

Help help help buissness help help

Answers

Answer:

B

Explanation:

Answer: B

Explanation:

Arthur is a tax preparer doing business as a sole proprietor. Under what circumstances could he receive a pass-through deduction that is not limited as a result of it being an SSTB?

Answers

It should be noted that the condition where he'll get a pass-through deduction is that he has a taxable income.

A pass-through deduction refers to a business that isn't subject to corporate income tax. Rather, such a business is taxed at individual income tax rates.

From the information given, the condition where Arthur will get a pass-through deduction is that he has a taxable income. Also, the deduction cannot be more than 20% of the taxable income.

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U.S. Treasury bills are available for purchase this week at the following prices (based upon $100 par value) and with the indicated maturities:
a. $97.25, 182 days
b. $95.75, 270 days
c. $98.75, 91 days
Calculate the bank discount rate (DR) on each bill if it is held to maturity. What is the equivalent yield to maturity (sometimes called the bond-equivalent or coupon-equivalent yield) on each of these Treasury bills?

Answers

B I think .. sorry if wrong

Help help pelsss I need to pass thanks I’ll give points for honestly

Answers

What is the scenario? You need that in order to answer.

QUESTION 7 of 10: What is an advantage of selling consumable items?
ОООО
a) They do not need refrigeration
b) They typically have a large profit margin
c) They are long-lasting
d) They tend to generate repeat business
Sulinit

Answers

Answer:

its D. they tend to generate repeat buisness

Explanation:

Answer: They tend to generate repeat business

What is a "strategic move"?
A strategic move is
1) the outcome of a game in which each player is doing the best it can regardless of what its competitors are doing
2) a commitment to reduce one's options
3) an action that obeys the rules of the game
4) a strategy that is optimal no matter what an opponent does.
5) a value associated with a possible outcome

Answers

Answer:

four

Explanation:

The answer is four because the dictionary definition is "in order to gain a strategic advantage and increase one's payoff." If you have an advantage than it doesn't matter what your opponent does. So there for the answer is #4.

Which of the following is classified as
M22
A large certificates of deposit
B gold and silver
C money market accounts

Answers

I think is C

Hope this helps sry if I’m wrong

What affects the egg coagulation in custards and creams!

Answers

What affects the egg coagulation in custards and creams!
Answer: Sugar is also important to custard as the addition of it in a recipe results in a softer custard. Sugar also increases the coagulation temperature and time. Don't dump the sugar directly onto the eggs and let it sit; this causes the yolks to "burn" into hard little lumps that detract from your creamy custard.
A small amount of cornstarch (or flour) added to the recipe helps with this. The starch molecules slow protein coagulation, making the egg proteins more resistant to overcooking and curdling (clumping).

In a custard or pudding, this coagulative property is responsible for the custard texture and mouthfeel. As one source says, “Eggs are the main thickener in most custard and the yolks make them smooth and rich.”3 Starch is often added to custard to slow the process of coagulation to help prevent overcooking the mixture.

Egg proteins denature and coagulate over a wide temperature range. Natural protein consists of complex, folded and coiled individual molecules. Loose bonds across the folds and coils hold each protein molecule in a tight, separate unit. These bonds can be disrupted when exposed to heat or acid, or by physical means such as whipping, causing the protein to denature.

Coagulation or gelation in eggs can be achieved by several different means, including heat (protein denaturation), mechanical (beating or chipping), sugar (raises the temperature for coagulation), acids (decrease temperature where coagulation is achieved), alkali (high alkali can induce gelling of egg white).4, 7

When two unfolded protein molecules with their oppositely charged ends approach each other, the molecules unite. Essentially, millions of protein molecules join in a three-dimensional network, or simply, they coagulate, causing the egg product to change from a liquid to a semisolid or solid.7

Coagulation influences egg products’ ability to foam, seal, thicken and more. This thickening capacity impacts viscosity in products such as pie fillings (i.e., pumpkin5) and desserts, such as cheesecake, where a lack of eggs or substitutions can negatively impact final product height, appearance, firmness and mouthfeel.6

There are more than 40 different proteins in a whole egg, some only located in the white and others predominantly in the yolk. These proteins influence the rate of denaturation and coagulation. Egg white protein coagulates between 144° F and 149° F (62.2° C and 65° C); egg yolk protein coagulates between 149° F and 158° F (65° C and 70° C); and whole egg protein coagulates between 144° F and 158° F (62.2° C and 70° C). However, a number of variables influence the rate of coagulation, as well as the ability of the proteins to remain in the three-dimensional network.

Which of the following should be included in an individual taxpayers federal gross income

Answers

Answer:

I believe your wages, dividends, business income, capital gain, retirement distributions as well as other income should all be included in an individual  gross business income

Explanation:

Let me know if this helps!

100pts if you help me ..and brainleast
please correct me if im wrong

Answers

You are wrong. 100 points will not be given . 5 points will be given .

Dalia makes a little more money than she spends on her daily expenses and wants to put the extra away in a separate account in case she needs it for an emergency. Which type of account would be the best option for Dalia?​

Answers

the answer would be a savings account

What low-risk investment can provide Kazuo income when he retires?
a. real estate
b. stocks
c. bonds
d. ira’s

Answers

Answer: D

Explanation:

Which of the following is not a legal right of a debtor?
A. The right to ignore persistent calls from a debt collector
B. The right to declare bankruptcy
C. The right to verify the amount of debt you owe
D. The right to protection from deceptive collection practices

Answers

Debtors are granted some measures or rights. The option that is not a legal right of a debtor is right to declare bankruptcy.

A lot of creditors often do not obey simple rules, and thus uses some kind of deceptive or intimidating actions so as to recover money they are owed.

A lot of creditors often uses threats of violence in trying to recover debt.

In the State of California’s Rosenthal Act, one, as a debtor, is known to have the right to be free from harassing letters and calls from creditors and collection agencies because of unpaid debt.

it is known to stop creditors from constantly disturbing one at home or sending threatening letters on a regular basis.

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Answer:

A. The right to ignore persistent calls from a debt collector

Explanation:

Select the correct answer
What type of income is received through rent?
A. earned income
B. passive income
C. portfolio income
D. business income

Answers

It is B. passive income

Answer:

earned income is received through rent

State one effect the great depression had on many Americans?

Answers

Answer:

Great Depression

EXPLANATION:

I hope this helps (:

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