As described in this chapter, in recent years, both the United States and Greece have experienced increases in government de and significant economic downturns. In what ways were the two situations similar? In what ways were they different? Why do the two nations have different policy options at their disposal? a. Consider the various characteristics of an economic downturn listed below. Place each characteristic in the appropriate category as being either similar" or "different" across these two countries. Similar Different Change (increase or decrease) in the country's credit rating Ability to conduct an independent monetary policy to a o facilitate economic recovery Large increase in national debe Sector (private or public) responsible for creating the finanical crisis
Answers
Greece's monetary policy is determined by the ECB, limiting its ability to tailor policy measures to its specific economic needs
The situations faced by the United States and Greece in terms of increases in government debt and economic downturns had both similarities and differences.
Similarities:
1. Change in credit rating: Both countries experienced a change in their credit rating. The United States faced a downgrade in its credit rating by Standard & Poor's in 2011, while Greece's credit rating was downgraded multiple times during its debt crisis. These downgrades reflected concerns about the countries' ability to manage their debt and repay their obligations.
2. Large increase in national debt: Both countries saw significant increases in their national debt. The United States experienced a substantial increase in its debt during the global financial crisis of 2008-2009, primarily due to stimulus spending and financial sector bailouts. Greece's debt crisis emerged in the wake of the global financial crisis, with the country's debt burden reaching unsustainable levels.
Differences:
1. Ability to conduct an independent monetary policy: The United States has its own currency, the U.S. dollar, and an independent central bank, the Federal Reserve (FED). This gives the U.S. the ability to implement monetary policy measures to facilitate economic recovery, such as adjusting interest rates and implementing quantitative easing. In contrast, Greece is part of the Eurozone and uses the euro as its currency. It does not have independent control over monetary policy, as it is governed by the European Central Bank (ECB).
2. Sector responsible for the financial crisis: In the United States, the financial crisis was primarily caused by the private sector, particularly the collapse of the housing market and the subsequent subprime mortgage crisis. Irresponsible lending practices, securitization of risky mortgages, and inadequate regulation played a significant role. In Greece, the financial crisis was exacerbated by excessive public spending, unsustainable government borrowing, and accounting mismanagement. It was a combination of factors involving the public sector and the Greek government's fiscal policies.
The different policy options available to the United States and Greece are largely influenced by their unique economic and institutional contexts. The United States has more flexibility in conducting monetary policy due to its independent central bank and control over its currency. It can implement measures to stimulate the economy and manage interest rates. In contrast, Greece's monetary policy is determined by the ECB, limiting its ability to tailor policy measures to its specific economic needs. Greece's policy options are primarily focused on fiscal measures, such as austerity measures and structural reforms, to address its debt crisis and restore fiscal sustainability. The European Union and the International Monetary Fund also played significant roles in providing financial assistance and imposing conditions on Greece's policy choices.
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Related Questions
Select three ratios that are equivalent to 7:67:67, colon, 6. Choose 3 answers: Choose 3 answers: (Choice A) A 12:1412:1412, colon, 14 (Choice B) B 21:1821:1821, colon, 18 (Choice C) C 42:3642:3642, colon, 36 (Choice D) D 63:5463:5463, colon, 54 (Choice E) E 84:6284:62
Answers
Answer: B C D are the answers, your welcme! :)
Explanation:
Which of the following situations can lead to IRR giving a different decision that NPV?
a. Delayed investment
b. Multiple IRRs
c. Difference in project scale
d. All of these situations can lead to IRR giving a different decision that NPV
e. None of these situations can lead to IRR giving a different decision that NPV
Answers
All of the situations mentioned can lead to IRR giving a different decision than NPV. The correct option is d.
Delayed investment can lead to differences between IRR and NPV because the timing of cash flows can significantly affect the internal rate of return. IRR assumes that cash flows are reinvested at the same rate, but delayed investment can affect this assumption.
Multiple IRRs can also lead to discrepancies between IRR and NPV. This situation occurs when a project has non-normal cash flows, resulting in more than one possible rate of return. In this case, IRR may not provide a clear decision criterion, whereas NPV can provide a definitive answer.
Differences in project scale can also impact the comparison between IRR and NPV. A larger-scale project may have a higher IRR due to economies of scale, but it may not be the most financially sound decision when considering the net present value.
In summary, all three situations can lead to differences between IRR and NPV. It is important to consider both methods and other financial metrics to make informed investment decisions. The correct option is d.
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The Colvilles are buying a new car. The cash price is $35,000.00. They will make a down payment of 20% or $5,000. The balance will be covered by an installment loan. The loan will be repaid in 48 monthly payments of $651. The annual percentage rate for the loan is _________%. (Round your answers to two decimal places.)
Answers
Answer:
The Annual Percentage Rate, APR = 1.07%
Explanation:
The annual percentage rate (APR) for a loan is the amount payed annually as interest which is specified as a percentage of the balance of the loan
The given parameters are;
The cash price for the car the Colvilles are buying = $35,000.00
The amount of down payment they will make = 20% or $5,000
The will cover the balance by installment loan
The number of monthly with which the loan will be repaid, n = 48 monthly payment
The amount of the monthly payments, M = $651
The balance which will be taken on loan, P = 35,000.00 - 5,000 = 30,000
The balance which will be taken on loan, P = $30,000
\(APR = \left(\left(\dfrac{\dfrac{Fees + Interest}{Principal} }{n} \right) \times 12\right) \times 100\)
\(APR = \left(\left(\dfrac{\dfrac{ I}{P} }{n} \right) \times 12\right) \times 100\)
Therefore;
The interest paid over life of loan, I = M × n - P
∴ I = 651 × 48 - 30,000 = 1,284
Therefore, we have;
\(APR = \left(\left(\dfrac{\dfrac{ 1,284}{30,000} }{48} \right) \times 12\right) \times 100 = 1.07 \%\)
The Annual Percentage Rate APR = 1.07%
homework libABC Inc. uses a machine that can produce 95 cranks per hour. The firm operates 9 hours per day, six days per week. Due to regularly scheduled preventive maintenance, the firm expects the machine to be running during approximately 90% of the available time. Based on experience with other products, the firm expects to achieve an efficiency level for the cranks of 80%. What is the expected weekly output of cranks for this company
Answers
The expected weekly cranks output should be 3,693.60.
The following formula should be applied:
= Number of cranks produced per hour × number of hours operated per day × number of days per week × expected machine running percentage × efficiency level
= 95 × 9 × 6 × 90% × 80%
= 3,693.60
Therefore we can conclude that The expected weekly cranks output should be 3,693.60.
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the purchase of merchandise on account affects:
Answers
The purchase of merchandise on account affects several accounts in a company's financial records. When merchandise is purchased on account, it means that the company has acquired goods from a supplier but has not yet paid for them. Here's a breakdown of how this transaction affects different accounts:
1. Accounts Payable: The amount owed to the supplier is recorded as an increase in the accounts payable account. This represents the company's liability to pay the supplier in the future.
2. Inventory: The merchandise purchased is recorded as an increase in the inventory account. This reflects the company's assets as it now holds the goods that it plans to sell to customers.
3. Cost of Goods Sold (COGS): When the merchandise is sold, the cost is transferred from the inventory account to the COGS account. This represents the expense incurred by the company to produce the goods sold.
4. Accounts Receivable (if applicable): If the company sells the merchandise on credit to customers, it records an increase in the accounts receivable account. This represents the amount the company expects to receive from customers in the future.
In summary, the purchase of merchandise on account affects the accounts payable, inventory, and potentially accounts receivable and COGS accounts. These transactions are important to accurately reflect a company's financial position and performance.
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define sale trading
Answers
Answer:
A trade sale is the sale of a company, or part of a company, to another business that will carry on the company's trade
Suppose that a worker in Cornland can grow either 40 bushels of corn or 10 bushels of oats per year, and a worker in Oatland can grow either 5 bushels of corn or 50 bushels of oats per year. There are 20 workers in Cornland and 20 workers in Oatland. If the two countries do not trade, Cornland will produce and consume 400 bushels of corn and 100 bushels of oats, while Oatland will produce and consume 60 bushels of corn and 400 bushels of oats. If each country made the decision to specialize in producing the good in which it has a comparative advantage, then the combined yearly output of the two countries would increase by
Answers
Answer:
see. I hope it's helpful for you lolExplanation:
i need friend lol can you my friend
You plan to operate a basketball camp during the summer at Duke University. The total number of participants is 200. Camp participants will stay three nights in the university dormitories, and each room will house two camp participants. Duke charges you $40 per room each night. Liability insurance to run the camp will cost $3,000. Meals for the three day camp will cost $6,000. Duke will not charge you for the use of the basketball facility. Nike will provide sporting goods to be used by, and given to, participants. You and your partner each want to make $8,000 profit from running the camp. How much will you have to charge each participant to meet your goal?
Answers
Answer:
$245 per participant
Explanation:
total number of participants = 200
total costs for 200 participants:
$40 per night x 3 nights x 200 = $24,000 for rooms$3,000 for insurance$6,000 for mealstotal costs = $33,000
if you want to earn $16,000 in profits ($8,000 each),
price per participant = ($33,000 + $16,000) / 200 = $49,000 / 200 = $245
How can an employee best help to maintain a positive work environment?
ОА.
Avoid interacting with other staff members.
OB.
Focus on the good things.
O C.
Socialize every evening with other staff members.
OD.
Maintain good relations with the management.
Answers
D. Maintain good relations with the management.
Answer:
it is (C)
Explanation:
Analyse how a Production Possibility Curve ( PPC ) illustrates scarcity, opportunity cost & efficiency.
Answers
The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology.
What is Production Possibility Curve ( PPC )?The production possibilities curve (PPC) exists as a graph that demonstrates all of the various combinations of output that can be produced given existing resources and technology. Sometimes named the production possibilities frontier (PPF), the PPC illustrates scarcity and tradeoffs.
PPF stands for the production possibility frontier and it exists illustrated by supporting the production of one good at the x-axis and another good at the y-axis. It thereby demonstrates all the possible varieties that can be produced with limited resources.
Scarcity: The resources that require to be utilized because they serve as input are limited or scarce and these same scarce resources exist used by an economy to produce the goods. Therefore, the Production possibility curve exists drawn and it illustrates the scarcity of resources known to an economy.
Choice: An economy has a preference to produce among different combinations of goods that lie on the production possibility curve. Therefore, the curve displays the choice as well.
Opportunity cost: Suppose the economy exists producing a bundle of goods 1 and 2 and the bundle stands (x,y). Now, if it desires to increase the consumption of good 1 by 1 unit, it has to decrease the consumption of good 2. Therefore the opportunity cost of producing a unit of good 1 exists in the sacrifice that has been created for good 2.
Productive efficiency: An economy utilizes all its scarce resources to produce two goods but whether it is utilizing those resources efficiently exists the point of concern. If it uses them efficiently, it creates the production possibility curve otherwise at a point that lies somewhere inside the PP curve.
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you are an administrative assistant in the purchasing department. Another administrative assistant is getting married in three weeks. Rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. you have not seen an official announcement, however, the assistant did tell you that she plans not to come back. What should you say to your two coworkers?
Answers
In this situation, You should tell your coworkers that you are unsure and that it is not yet official announced.
Co - workers.
Co workers refers a person with whom one works, typically someone in a similar role or at a similar level within an organization.
Given,
Here we have given that, you are an administrative assistant in the purchasing department. And another administrative assistant is getting married in three weeks. There is a rumor has it that after the wedding, she will not be returning, and two of your peers have come to you asking if it is true because they want to apply for her job. Now, you have not seen an official announcement, however, the assistant did tell you that she plans not to come back.
Here we need to find how you should handle this situation.
While we looking into the given question, we have identified the following,
There are 2 administrative assistant in your company.
One is you and another one is a girl and she get married in three weeks. And she also planned to resign after her marriage but this resignation is not officially confirmed.
So, in this situation, two of your peer interested for the position and asking you about the recruitment process.
Here you have to reply the co workers that the resignation is not conformed and if it is officially announced they you have the option to apply for that position.
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Part II: Elastic or Inelastic?
Instructions: Determine whether the demand for the following items is price clastic or inelastic,
Write your answer on the line after the item. Then write the reasons for your answer.
A. Salt
Why?
B. New cars
Why?
C. Pork chops
Why?
D. European vacation
Why?
E. Insulin
Why?
F. Insulin at one of four drug
stores in a shopping mall
Why?
G. Gasoline purchased one day
after a 20 percent price increase
Why?
I
HL Gasoline purchased one year
after a 20 percent price increase
Why?
Answers
a. The demand for salt is price inelastic. This is because salt is considered a necessity in making meals.
b. The demand for new cars is price elastic. This is because there are many substitutes for new cars. For example, the bus is a substitute for a new car.
c. The demand for pork chops is price elastic. This is because there are many other types of foods that can be consumed instead of pork chops.
d. The demand for European vacation is price elastic. This is because vacations are not a necessity; they are a luxury.
e. The demand for Insulin is price inelastic. This is because insulin is very important to a diabetic patient
f. The demand for Insulin at one of four drug stores in a shopping mall is price inelastic. This is because consumers have choices between the four drug stores in the mall
g. The demand for gasoline purchased one day after a 20 percent price increase is price inelastic. This is because in the short run, consumers do not have enough time to search for suitable substitutes, so demand would be inelastic
h. The demand for gasoline purchased one year after a 20 percent price increase is price elastic. This is because in the long run, consumers would have enough time to find suitable substitutes.
Demand is price elastic if the quantity demanded of a good is sensitive to small changes in the price of the good
Demand is considered inelastic if the quantity demanded of a good is less sensitive to changes in the price of a good.
Factors that affect the price elasticity of demand
Time frame: demand is inelastic in the short run because consumers would not have enough time to find cheaper substitutes. In the long run, demand is elastic because consumers would have enough time to search for substitutes. Number of close substitutes : If there are many substitutes for a good, the demand for the good would be elastic. If there are no close substitutes, the demand for the good would be inelastic Nature of the good: if the good is considered a necessity, the demand for the good would be inelastic and if the good is considered a luxury, the demand for the good would be inelastic.To learn more about elasticity of demand, please check: https://brainly.com/question/14897348?referrer=searchResults
Salespeople who work on deals for constructing office buildings and
shopping centers read magazines like Construction Today and Constructor
Magazine. What kind of knowledge are they developing this way?
A. Account maintenance knowledge
B. Business knowledge
C. Knowledge of buyer behavior
D. Industry knowledge
Answers
Industry knowledge is the kind of knowledge are they developing this way. Hence, option D is correct.
What is Industry knowledge?When a person talk about industry knowledge, they mean the body of data and comprehension of the nuances of what is happening in particular industries that are of interest.
Instead, a person can demonstrate their subject-matter experience by highlighting the company's most recent achievements or stressing how inventive they are, and then going into greater detail about what you think distinguishes them from the competition. This is a more overt way to show the firm that you are interested in them.
Four different industries exist. These are the primary, secondary, tertiary, and quaternary. The main purpose of the mining, farming, and fishing sectors is to get raw materials. In the secondary industry, manufacturing comprises the production of items like steel and automobiles.
Thus, option D is correct.
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Answer:
industry knowledge
Explanation:
trust i got it right
Select all that apply.
Common skills assessments administered during the employment interview process include:
none of the above
science
keyboarding
math
Answers
Answer:
Keyboarding and Math :)
Explanation:
In addition to (1) the commonly accepted name and (2) any special warnings, what is the third piece of essential information needed on the label of all stock solutions
Answers
In addition to (1) the commonly accepted name and (2) any special warnings, the third piece of essential information needed on the label of all stock solutions is the date and the name of the person who made it.
What are the uses of the stock solutions?Stock solutions are used to speed up the preparation process, conserve resources, free up storage space, and increase the precision with which working different concentration solutions are made.
It is important to mention essential information on the label of stock solutions to avoid any hazardous event and to ensure the safety of the user.
Therefore, the date and the name of the person are included on the label.
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The degree of risk is associated with the probability or magnitude of loss.
a. true
b. false
Answers
The degree of risk is associated with the probability or magnitude of loss. The given statement is true.
The area of mathematics known as probability deals with numerical representations of the likelihood that an event will occur or that a statement is true. An event's probability is a number between 0 and 1, where, roughly speaking, 0 denotes the event's impossibility and 1 denotes certainty.
Simply put, probability is the likelihood that something will occur. When we don't know how an event will turn out, we can discuss the likelihood or likelihood of several outcomes. Statistics is the study of events that follow a probability distribution.
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Anderson Corporation had a credit balance of $43,000 in its Retained Earnings account on December 31, 2014. Net income of $6,000 was reported on its income statement for the year ended December 31, 2015. Dividends in the amount of $5,625 were declared on December 31, 2015; the dividends are payable to the company's stockholders on February 1, 2016. The balance in its Retained Earnings account on December 31, 2015 equals _____.
Answers
Answer:
The balance in its Retained Earnings account on December 31, 2015 equals $43,375
Explanation:
Ending retained earnings = Beginning retained earnings + Net income - Dividend declare = $ 43,000 + $ 6,000 - $ 5,625
= $ 49,000 - $ 5,625
= $ 43,375
The balance in Anderson’s Retained Earnings account on December 31, 2019 is $ 43,375.
Tina shopped for office stationery online. She browsed a few music playlists of another website in a separate browser. She had a high-speed Internet connection. So, she could complete the stationery purchase quickly. At the checkout page, she entered her credit card details. She also entered the delivery address. She then checked her mail for any new emails. Which data from the online shopping portal will typically be stored in a data warehouse?
Answers
The Behavior data from the online shopping portal will typically be stored in a data warehouse.
What is Go.gle Analytics?This is known to be a Website that is said to give or provide web analytics service and it is one that tracks and reports website traffic or behavior.
Note therefore, through the use of Go.ogle Analytics, The Behavior data from the online shopping portal will typically be stored in a data warehouse.
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Answer:
1. Credit card details 2. Delivery address
Explanation:
how many tines in earth does the sun intersect equartor
Answers
Answer:
два
Explanation:
which statements best describe manufacturing in north carolina? check all that apply. outsourcing has resulted in a loss of jobs in the state. foreign competition has led to declining sales of products made in north carolina. the furniture industry is no longer important to north carolina. a number of textile mills were forced to shut down across the state. many furniture factories have closed in north carolina in recent years. the textile industry is in decline, while the apparel industry is on the rise.
Answers
North Carolina is a state located in the southeastern region of the United States, and it has long been known for its manufacturing industries, especially textiles and furniture. However, manufacturing in North Carolina has undergone significant changes in recent years, with some industries declining while others rise.
Some statements that best describe manufacturing in North Carolina are as follows:Outsourcing has resulted in a loss of jobs in the state:
This is true, as many companies in North Carolina have outsourced jobs to countries where labor is cheaper, leading to job losses in the state. Foreign competition has led to declining sales of products made in North Carolina:
This is also true, as North Carolina companies face stiff competition from foreign companies, which can produce goods at lower prices due to lower labor costs.Many furniture factories have closed in North Carolina in recent years: This statement is also accurate.
The furniture industry was once one of the most important in the state, but many factories have closed due to outsourcing and foreign competition. A number of textile mills were forced to shut down across the state: This is also correct.
The textile industry has been in decline in North Carolina for many years due to outsourcing and foreign competition.The textile industry is in decline, while the apparel industry is on the rise: This statement is also true. While the textile industry has been declining, the apparel industry has been growing due to North Carolina's skilled workforce and favorable business climate.
In conclusion, the manufacturing industry in North Carolina has undergone significant changes in recent years. While some industries have declined due to outsourcing and foreign competition, others have risen due to North Carolina's skilled workforce and favorable business climate.
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Tina sells cookie what is Tina’s ROI 
Answers
Tina's ROE, based on the production cost and the selling price can be found to be 57 %.
How to find the ROE ?ROI is a financial metric that measures the profitability of an investment relative to its cost. It is typically calculated as a percentage, using the following formula:
ROI = (Gains from Investment - Cost of Investment) / Cost of Investment
In this case, the gains from investment would be the total revenue from selling cookies, and the cost of investment would be the expenses associated with producing and selling the cookies.
For Tina, the ROE would therefore be:
= ( ( 12 - 7. 65) ) / 7. 65
= 57 %
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The full question is:
Tina sells cookies. What is Tina's ROI? a. Production cost: $7.65/box of cookies b. Selling price: $12/boxes of cookies
What is an appraisal? Why is it usually included in the closing costs for buying a home?
Answers
The procedure through which a real estate evaluator attempts to discover the fair market value of a home is called a home appraisal. They are frequently used to calculate property taxes, appraisals are typically required in regions.
What is the closing cost?Additional expenses and charges that must be paid at the end of a transaction in real estate that is not included in the property's purchase price is referred to as Closing cost.
A home appraisal is employed to determine a property's worth. Lenders impose these fees in exchange for approving your loan.
Prior to comparing a home to actually acquired properties in the local housing market, licensed real estate evaluators to look at its features and state.
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Underlying the dividend irrelevance theory proposed by Miller and Modigliani is their argument that the value of the firm is determined only by its basic earning power and its business risk. (True or False)
Answers
True, The foundation of Miller and Modigliani's suggested dividend irrelevance hypothesis is their claim that the firm's worth is solely decided by its fundamental earning capability and its business risk.
What is Business Risk?Business risk is the possibility that a company or organization will experience declining profits or collapse. Anything that undermines a corporation is a risk. the ability of the organization to achieve its financial goals. Business risk can result from the interaction of several factors. senior executives of a company or Leadership may on occasion create conditions that subject a corporation to greater levels of risk.
However, there are times when a firm is not the only source of danger. As a result, a business cannot completely protect itself against danger.
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A Debt Service Fund accumulates resources to retire debt that is due in a lump sum in the year 2021. The Fund held marketable securities that cost $900,000 when purchased during 2013 and 2014. The securities had fair values of $875,000 on January 1, 2020, and $930,000 on December 31, 2020. The average fair value during the year was $895,000. At what amount should the Fund report the securities in its balance sheet on December 31, 2020
Answers
Answer:
$930,000
Explanation:
The computation of the amount that should the Fund report the securities in its balance sheet on December 31, 2020 is shown below;
Here on the balance sheet, only fair value should be recorded i.e.. $930,000
So as per the given situation, no other amount should be reported
hence, the amount that should the Fund report the securities in its balance sheet on December 31, 2020 is $930,000
Making sure the company has enough production capability to meet demand is an example of what?
Answers
Answer:
Capacity Planning
Explanation:
Capacity planning is the process that measures the capacity of the production required by an organization in order to meet the demand i.e. changes for their products
So as per the given situation the company that has sufficient capability to meet the demand represent the capacity planning
hence, the capacity planning is the answer
A job analysis does not collect information about: O Work activities and tasks associated with a job O The working conditions associated with a job O The tools and equipment used on the job O The typical salary for a job job specification. Complete the following table by identifying whether each example belongs in a job description or a Job Descriptor or Specification? Example Skills Required Knowledge of principles of employee selection and assignment Ability to express ideas cleafly both orally and in writing Ability to independently plan and organize one's own activities Knowledge of human resources computer applications desirable Job specification Job description Duties Prepares recruitment literature and job advertisements for applicant placement Reviews résumés to identify qualified applicants Conducts interviews to determine applicant's suitability for employment Job specification
Answers
A job analysis collects information about work activities and tasks associated with a job, the working conditions associated with a job, and the tools and equipment used on the job.
However, it does not collect information about the typical salary for a job. In the table, the examples can be classified as follows:
Job Specification:
- Skills required
- Knowledge of principles of employee selection and assignment
- Ability to express ideas clearly both orally and in writing
- Ability to independently plan and organize one's own activities
- Knowledge of human resources computer applications desirable
Job Description:
- Duties
- Prepares recruitment literature and job advertisements for applicant placement
- Reviews résumés to identify qualified applicants
- Conducts interviews to determine applicant's suitability for employment
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Discuss whether or not growth of an industry will increase the profit earned by the firms in the industry.
Answers
Answer: Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
Explanation:
Industries have their various activities, competition, customers (both prospective and existing). A growth in industry would mean that there is a larger demand for what is been sold in that industry, and when the demand is high, their would be lack, which would create that gap and allow marketers or producers get more profit, based on the high demand now. Definitely, the larger the market, the larger the demand, the higher the profit. In some cases where the market is large, the producers may not meet up on some occasions, this make other producers to actually increase their profit margin based on they have to increase production.
mr. and mrs. bolt's joint return reports $267,500 agi, which includes $13,300 net investment income. compute the couple's unearned income medicare contribution tax. multiple choice $0 $665 $505 none of these choices are correct.
Answers
Mr and Mrs. Bolt unearned income medicare contribution tax when they want to report the joint return of $267,500 agi, which includes $13,300 net investment income is $505 so the answer is C.
What is joint return?A joint return is a tax return filed with the Internal Revenue Service (IRS) on the new, simplified from 1040 by two married taxpayers whose filing status is married filing jointly or by a widowed taxpayer whose filing status is Qualifying Widow.
It is not mean that IRS wants everyone to get married by filing joint return report, because even though a married couple can report the return individually. Basically it's just a way to make the report simpler by filing a joint return report for married couple. It will take lesser steps to make a report but with terms and conditions applied.
Now, we want to calculate Mr. and Mrs. Bolt's unearned income medicare contribution tax as follows :
Couple's unearned income medicare tax = net investment income * rate of medicare contribution
Where
rate of medicare contribution is 3.8% (which the government has determined flat medicare surtax on net investment income for married couples who earn more than $250,000 of adjusted gross income (agi)
Now, let's get back to the formula
Couple's unearned income medicare tax = $13,300 * 3.8%
= $505 (rounded)
Therefore, Mr. and Mrs. Bolt unearned income medicare contribution tax is $505 and the answer is C.
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Why can you win a presidential election without winning the most individual votes?
Answers
Answer:
Because of Electoral College system
Explanation:
Answer:
You can win when you get more electoral college votes than your opponent. The first to 270 votes wins the race.
Explanation:
(hope this helps :P)
distinguish between products tax and production tax
Answers
Answer:
Some examples of production taxes are land revenues, stamps and registration fees and tax on profession. Product taxes are paid on the actual volume of production. It is paid per unit of product. For example, excise duty, service tax, sales tax etc.