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 143 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
Thanks for the timely response, appreciate it

strudel15

  • Member
  • Posts: 324
Reply 3 on: Yesterday
Gracias!

« previous next »
 

Did you know?

Pregnant women usually experience a heightened sense of smell beginning late in the first trimester. Some experts call this the body's way of protecting a pregnant woman from foods that are unsafe for the fetus.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

It is important to read food labels and choose foods with low cholesterol and saturated trans fat. You should limit saturated fat to no higher than 6% of daily calories.

Did you know?

Signs of depression include feeling sad most of the time for 2 weeks or longer; loss of interest in things normally enjoyed; lack of energy; sleep and appetite disturbances; weight changes; feelings of hopelessness, helplessness, or worthlessness; an inability to make decisions; and thoughts of death and suicide.

Did you know?

According to the FDA, adverse drug events harmed or killed approximately 1,200,000 people in the United States in the year 2015.

Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually Greenstick Only one side of the shaft is broken, and the other is bent (like a greenstick); usually
Risk-taking behavior by young males. Risk-taking behavior by young males.
Otitis Media in Children Otitis Media in Children
The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ... The hatred and vengeance of adults become the children’s heritage. The headband of this 4-year-old ...
Metastasis Cancer Order Metastasis Cancer Order
Distribution of sex chromosomes from generation to generation. All children receive an X chromosome Distribution of sex chromosomes from generation to generation. All children receive an X chromosome
Video: Structures that affect circulation - venous return

For a complete list of videos, visit our video library