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Musya8 [376]
1 year ago
14

Use the graph to answer the question that follows.

Business
1 answer:
Flauer [41]1 year ago
8 0

The demand increased due to a large increase in cat adoptions. The market price and quantity increased.

<h3>What is the correct option?</h3>

A demand curve slopes downward from left to right. When there is a movement to the right, it indicates that there has been an increase in demand. When there is an increase in demand, the price and quantity increases.

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This year Luke has calculated his gross tax liability at $2,120. Luke is entitled to a $2,880 non-refundable personal tax credit
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Answer:

$3,460

Explanation:

Gross tax liability $2,120

Less non-refundable personal tax credit $2,880

Refundable personal tax credit $760

Hence:

Income taxes withheld $2,700+ $760

=$3,460

Luke’s non refundable personal credit reduces his gross tax to zero ($2120– 2,880) and $760of the unused credit expires unused.

The $1,740 unused business tax credit carries over and Luke receives a refund of $3,460($760 refundable credit + $2,700 taxes he paid)

Luke’s net tax due or refund is $3,460

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Answer:

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