Ryan and Edith file a joint return showing $420,000 of AGI. They have three dependent children ages 7, 9, and 13. What is the amount of their child credit?

A. $2,000
B. $5,000
C. $6,000
D. $0


Answer: B

Business

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Triblaze Corp. is considering buying a new truck. The cost of the truck is $62,000 and the expected cash flows for the next 3 years due to savings from the new truck are $19,920, $22,800, and $31,280. The net present value (NPV) of the truck is ____ if the company's required rate of return is 10%.

A. $5,600 B. $(2,200.75) C. $30,000 D. $(1,546.81) E. $2,500

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For signatory countries to the WTO, quotas limiting imports are considered a trade barrier and therefore should be minimized or eliminated.

Answer the following statement true (T) or false (F)

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Rally Corporation enters into a contract to sell ski gear to SnoSportz Company, which sells a pair of the skis to Tyra, a consumer, who later sells them to Uli, another consumer. Article 2 of the UCC applies to the sales transactions between

A. all of the buyers and sellers. B. Rally and SnoSportz only. C. SnoSportz and Tyra only. D. Tyra and Uli only.

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