In 2018, Elaine paid $2,480 of tuition and $1,240 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? a. Elaine’s AGI is $87,000. b. Elaine’s AGI is $179,000 c. Elaine’s AGI is $233,500.
In: Accounting
In 2018, Elaine paid $2,840 of tuition and $800 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaine’s AGI is $103,500.
b. Elaine’s AGI is $172,000.
c. Elaine’s AGI is $200,500.
In: Accounting
In 2018, Elaine paid $2,640 of tuition and $920 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband.
What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaine’s AGI is $83,000.
b. Elaine’s AGI is $170,500.
c. Elaine's AGI is 205,500
In: Accounting
In 2020, Elaine paid $2400 of tuition and $1020 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity tax credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaine's AGI is $99,750
b. Elaine's AGI is $166,500
c. Elaine's AGI is $213,500
In: Accounting
In 2018, Elaine paid $2,640 of tuition and $920 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband.
What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations?
a. Elaine’s AGI is $83,000.
b. Elaine’s AGI is $170,500.
c. Elaine's AGI is 205,500
In: Accounting
In 2018, Elaine paid $2,360 of tuition and $780 for books for her dependent son to attend State University this past fall as a freshman. Elaine files a joint return with her husband. What is the maximum American opportunity credit that Elaine can claim for the tuition payment and books in each of the following alternative situations? a. Elaine’s AGI is $101,000. b. Elaine's AGI is $161,500 c. Elaine's AGI is $230,000
In: Accounting
Julie was divorced on December 1, 2017 and is the custodial parent of the children. She receives alimony from her spouse which she uses to maintain the household for her and her children. The divorce decree states that her husband will take the dependents and she signs form 8332 accordingly. She has no other dependents for tax purposes. What is her optimal filing status and number of dependents in 2017?
In: Accounting
In Susan Glaspell’s 1916 play, Trifles, there seem to be many signs that Minnie Wright is guilty of murdering her husband. What are those signs? If you were building a case against her, what evidence (from the play) would you use? Be sure to think through concepts, such as circumstantial evidence, hearsay, motive, and what might or might not be admissible in court as you make your case here.
In: Psychology
Undue influence arises from limited situations whereby a person is so influenced by another that the person’s judgment is not their own. Notably, the presumption of undue influence does not apply to a spousal relationship. Our textbook cites “Despite advances in gender equality, women remain vulnerable to pressure from their spouses.” Do you believe that a presumption of undue influence should exist between husband-wives or long-term partners?
In: Psychology
Current market price: $95
Strike/exercise price: $100
Risk-free rate (rf): 5%
Time (in years): .25
Standard deviation: 25%
The standard deviation is the risk associate with an option. The greater the standard deviation, the greater the risk of an option.
Use the Black-Scholes Option Pricing Model and calculate the price of this option.
In: Finance