Mr. and Mrs. Arlette spent $5,900 for child care for their 12-year-old daughter. Mr. Arlette's earned income was $178,000, Mrs. Arlette's earned income was $33,100, and the AGI on their joint return was $225,200. Calculate their dependent care credit.
A. $600
B. $1,180
C. $5,900
D. $0
Answer: A
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Answer the following statement true (T) or false (F)
A major disadvantage of the high-low method of analyzing cost behavior is:
a. It bases its solution on only two possibly extreme observations, rather than all of the data points. b. It results in its analyzed cost being treated as either fixed or variable, based on which type of behavior it more closely resembles. c. Two persons could draw different lines through the data points. d. It enables non-representative points, called outliers, to be identified.
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Barry and Larry are neighbours who often borrow tools and equipment from each other. On one occasion Barry borrowed Larry's lawnmower and forgot to return it. Two months later, Barry died and his wife Sylvia became the executor of his estate
Six months after Barry's death, Larry told Sylvia that he wanted back his lawnmower but Sylvia who refused to give it to him as she mistakenly believed that it had belonged to her husband. Which of the following statements best describes the legal position? A) Sylvia has committed the tort of conversion. B) Sylvia has committed the tort of trespass. C) Larry cannot recover the lawnmower as Barry has died and the law requires that he should have recovered it from the person to whom it was loaned. D) Sylvia has not committed any torts as she did not intend to act dishonestly. E) Sylvia has no obligations to return the lawnmower to Larry as she was not the one who had borrowed it.