This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Trisha is married and has young children. The couple is in the 39.6% tax bracket. In order for ... (Read 132 times)

LCritchfi

  • Hero Member
  • *****
  • Posts: 519
on: Sep 13, 2020
Trisha is married and has young children. The couple is in the 39.6% tax bracket. In order for Trisha and her husband to work, they pay $5,000 for daycare which earns them a $1,000 dependent care credit. Trisha has been offered a new job. The new job will pay a $5,000 lower salary, but the new employer will offer $5,000 of paid childcare. Trisha cannot claim the dependent care credit if she receives employer-paid childcare. Which of the following statements is correct? (Ignore payroll taxes.)
◦ Trisha will have $980 additional after-tax income if she accepts the new job.
◦ Trisha will lose $4,000 net value if she accepts the new job.
◦ Trisha will have $1,980 additional after-tax income if she accepts the new job.
◦ Trisha will lose $3,020 of net value if she accepts the new job.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by LCritchfi on Sep 13, 2020

smrerig

  • Sr. Member
  • ****
  • Posts: 325
Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 29% of students answer this correctly


LCritchfi

  • Member
  • Posts: 519
Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

scikid

  • Member
  • Posts: 300
Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

« previous next »
 

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

Did you know?

Adolescents often feel clumsy during puberty because during this time of development, their hands and feet grow faster than their arms and legs do. The body is therefore out of proportion. One out of five adolescents actually experiences growing pains during this period.

Did you know?

Of the estimated 2 million heroin users in the United States, 600,000–800,000 are considered hardcore addicts. Heroin addiction is considered to be one of the hardest addictions to recover from.

Did you know?

HIV testing reach is still limited. An estimated 40% of people with HIV (more than 14 million) remain undiagnosed and do not know their infection status.

Large Wolf Spider with young in Michigan Large Wolf Spider with young in Michigan
Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap Dred Scott and his wife and children are featured on the cover of Frank Leslie’s Illustrated Newspap
This couple, a brother and sister in Germany and the proud parents of this child, are challenging ... This couple, a brother and sister in Germany and the proud parents of this child, are challenging ...
Young Guinea Young Guinea
Preschool children played with same-sex or opposite-sex playmates Preschool children played with same-sex or opposite-sex playmates
Rate order question Rate order question
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library