Answer:
amount of tax saving is $4320
Explanation:
given data
tax deduction = $18000
marginal tax rate = 24%
effective tax rate = 20%
to find out
amount of tax saving
solution
we know tax saving formula that is
tax saving = tax deduction × marginal tax ........................1
so now put here all value in equation 1
tax saving = tax deduction × marginal tax
tax saving = 18000 × 24%
tax saving = 18000 × 0.24
tax saving = 4320
so amount of tax saving is $4320
Answer:
The Answer To This Question is B. a good credit score.
Explanation:
A $ 300
B $ 300
C $ -300
D $ 300
Treasury bills are assets and the monetary base is a liability.
<u>Explanation:</u>
To increase the money supply in the economy, the federal reserve should buy the treasury bills and this will increase the money supply in the economy, leading to more demand in the economy and therefore there will be growth and development of the economy.
With the increase in the purchase of the treasury bills by the federal reserve, the money supply will increase by $300.
Answer:
Overall sacrifice
Explanation:
Price is associated with the amount of money that a consumer have to pay to purchase a articular product. Overall sacrifice is that amount of money which is sacrificed by the consumer to acquire a particular product or service. Price of the product is set by the seller in the market and it is totally depends upon the willingness of the consumer to buy the product at the prevailing prices or not.
Answer:
-1.33
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good X to changes in price of good Y.
Cross price elasticity of demand = percentage change in quantity demanded of good X / percentage change in price of good Y
Percentage change in quantity demanded = (1700 / 1350) - 1 = 0.2593 = 25.93%
Percentage change in price = (1.65 / 2.05) - 1 = -0.1951 = -19.51%
25.93% / -19.51% = -1.33
I hope my answer helps you
