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 136 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
Wow, this really help

xthemafja

  • Member
  • Posts: 348
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

The eye muscles are the most active muscles in the whole body. The external muscles that move the eyes are the strongest muscles in the human body for the job they have to do. They are 100 times more powerful than they need to be.

Did you know?

Women are 50% to 75% more likely than men to experience an adverse drug reaction.

Young whale with blowholes clearly visible Young whale with blowholes clearly visible
The F integration site determines the order of gene transfer in Hfrs The F integration site determines the order of gene transfer in Hfrs
teaching children about some of the world’s environmental problems teaching children about some of the world’s environmental problems
Metastasis Cancer Order Metastasis Cancer Order
Red Bull uses strategies that help it target college-aged, young-adult consumers Red Bull uses strategies that help it target college-aged, young-adult consumers
A female Agile Wallaby (Macropus agilis) with young in pouch feeds on grass in Green Bowling Bay Nat A female Agile Wallaby (Macropus agilis) with young in pouch feeds on grass in Green Bowling Bay Nat
Video: Secondary Active Transport

For a complete list of videos, visit our video library