A taxpayer should include which of the following when figuring their federal gross income?

a. Prior-year federal income tax refund.

b. Ordinary dividends.

c. Personal injury compensation.

d. Qualified disaster relief payments.

You decide to quit your $60,000-per-year job as an information technology specialist and illustrate children's books. At the end of the first year of illustrating, you have earned $20,000. You also spent $5,000 for paint and paper.

Which key function in business readies products for production and delivers them to the market

Suppose the government in this economy decides to decrease government purchases by $250 billion. the decrease in government purchases will lead to a decrease in income, generating an initial change in consumption equal to-$62.5 billion.

Almendarez Corporation is considering the purchase of a machine that would cost $150,000 and would last for 5 years. At the end of 5 years, the machine would have a salvage value of $18,000.

Suppose Paul has chosen a combination of two goods, A and B, such that the marginal utility per dollar spent for good A (MUA/PA) is 0.6 and the marginal utility per dollar spent for good B (MUB/PB) is 1.

What is happening to the economy in the United States? Why?

In a make-or-buy decision, a. the company would consider all fixed overhead to be irrelevant. b. the company would consider the purchase price of the externally provided good to be relevant. c.

3. Categories of expenditures Edison and Hilary Girard live in Swarthmore, PA. Hilary's father, Kevin, lives in Sweden. For each of the following transactions that occur in their lives, identify whether it is included in the calculation of U. S.

Cullumber Company had the following transactions involving notes payable. July 1, 2019 Borrows $50,500 from First National Bank by signing a 9-month, 8% note. Nov. 1, 2019 Borrows $60,600 from Lyon County State Bank by signing a 3-month, 6% note.

When a country saves a larger portion of its GDP than it did before, it will have