As part of his Great Society agenda, President Lyndon Johnson initiated the Head Start program. Head Start began as a summer school program that aimed to improve school readiness among low-income preschool children. The program is administered by the federal Department of Health and Human Services (HHS) and has since expanded its scope to provide not only early childhood education, but also basic health care services and nutritional assistance to low-income families. The program serves over 1 million children nationwide with $10.6 billion budgeted for the 2020 fiscal year. It operates through grants which can be awarded directly to nonprofit organizations that meet the goals of the program and agree to spend the funds as specifically required by the program. States have the option of providing supplemental state funding to those organizations receiving federal funding. After reading the scenario, please respond to (a), (b), and (c) below. (a) Describe the type of grant used by the program in the scenario and explain how it affects the relationship between the states and federal government. (b) Explain why states might object to the eligibility requirements for receiving funding for the program referenced in the scenario. (c) Describe the constitutional principle that supports the interaction between the federal government and the state governments in this situation, and explain how it relates to the scenario.

Bridgeport company began operations at the beginning of 2018. the following information pertains to this company. 1. pretax financial income for 2018 is $115,000. 2. the tax rate enacted for 2018 and future years is 40%. 3. differences between the 2018 income statement and tax return are listed below: (a) warranty expense accrued for financial reporting purposes amounts to $7,500. warranty deductions per the tax return amount to $2,200. (b) gross profit on construction contracts using the percentage-of-completion method per books amounts to $94,700. gross profit on construction contracts for tax purposes amounts to $67,100. (c) depreciation of property, plant, and equipment for financial reporting purposes amounts to $61,800. depreciation of these assets amounts to $75,700 for the tax return. (d) a $3,600 fine paid for violation of pollution laws was deducted in computing pretax financial income. (e) interest revenue recognized on an investment in tax-exempt municipal bonds amounts to $1,500. 4. taxable income is expected for the next few years. (assume (a) is short-term in nature; assume (b) and (c) are long-term in nature.) (a) prepare the reconciliation schedule for 2017 and future years. (b) prepare the journal entry to record income tax expense for 2017. (c) prepare the income tax expense section of the income statement beginning with “income before income taxes.” (d) determine how the deferred taxes will appear on the balance sheet at the end of 2017.

Four students are at an extracurricular activity fair at their high school and are trying to decide which clubs to join. some information about the students is listed in this chart: which describes which ctso each student should join?

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