PLEASE ANSWER ALL QUESTIONS VISIBLE THANKS!! / Take Test Final Examinati x ) G 8

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PLEASE ANSWER ALL QUESTIONS VISIBLE THANKS!!

/ Take Test Final Examinati x ) G 83 https//bb.uhd.edu/webapps/as hjsp?course.assessment id- 113785 1&course; id-550671&content; id- 18194CSearch z points Answer Show Timer Question Completion Status QUESTION 11 2 points Save Answer The Child Tax Credit is based on the number of the taxpayer's dependent children under age 18. O False True QUESTION 12 2 points Save Answer Green Company buys a minor league baseball Franchise. Which of the following statements is correct? The same rules apply to sports Franchises that apply to Franchises in general. The allocation of the baseball Franchise acquisition cost to player contracts is restricted to no more than fifty percent (50%) of the Franchise acquisition cost. The allocation of the baseball Franchise fee to player contracts is not restricted. O The allocation of the baseball Franchise acquisition cost to player contracts is restricted to no more than seventy-five percent (75%) of the Franchise acquisition cost. Click Save and Submit to save and submit. Click Save All Answers to save all answers Save All Answers Save and Submit 10:45 PM 12/6/2017

Explanation / Answer

1) False
Child tax care credit is elegible for dependent children under the age of 17 at end of the tax year.
2) option b
50% of acquisition cost is allocated to player contract.

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