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Rudik [331]
3 years ago
15

Write a one sentence summary of the central dispute in the case of mcculloch. v. maryland identify the key individuals and insti

tutions involved in this case
Business
1 answer:
insens350 [35]3 years ago
8 0
McCulloch v. Maryland represented a power struggle between the State and Federal law. It was a landmark decision by the Supreme Court of the United States. The state of Maryland had attempted to impede operation of a branch of the Second Bank of the United States by imposing a tax on all notes of banks not chartered in Maryland. Though the law, by its language, was generally applicable to all banks not chartered in Maryland, the Second Bank of the United States was the only out-of-state bank then existing in Maryland, and the law was recognized in the court's opinion as having specifically targeted the U.S. Bank.
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During the year, Sara sold a capital asset at a loss of $2,000. She had held the asset as an investment. This is the only capita
Sedbober [7]

<u>Answer: </u>A deduction for a loss incurred on the sale of a capital asset held for investment is a deduction for AGI.

<u>Explanation:</u>

AGI means the Adjusted gross income in the US tax system. Specific deductions are made from the individuals gross income to arrive at the AGI. the income which is taxable is calculated from the adjusted gross income from which personalized exemptions and itemized deductions.

In this case Sara has got a loss of $2,000 on the investment so this amount is deducted as a capital loss for AGI. AGI factors many allowable deductions from the gross income on which the income tax liability is calculated.

4 0
3 years ago
Assuming the average person works 50 weeks per year, median earnings of a college graduate are $56,850 per year compared to $33,
Drupady [299]

Answer:

a. over 100,000

b. is more than 8 times

Explanation:

a.

Cost of four-year bachelor degree = Actual cost + opportunity cost

And

Actual cost = amount spent

opportunity cost = amount lost in not doing job just after high school  

So ,

opportunity cost would be the 4 year salary of a high school graduate.

∴

Opportunity cost = 4 * yearly income of high school graduate

                             = $ 4 * 33900

                             = $ 135,600

Actual cost = 4 * yearly cost to attend college

                    = $ 4 * 25,290

                    = $ 101,160

As,

Total cost =  Actual cost + opportunity cost

                 = $ 101,160 + 135,600

                = $ 236,760

b.

Lifetime gain in pursuing bachelor degree over high school = life time earning of bachelor - lifetime earning of high school graduate

= 2,444,500 - 1,593,300 = 851,200 $

Hence,

the expenses of obtaining a bachelor degree is worth it because the increase in lifeime earning exceeds cost. [ cost = 236,760 $ , gain = 851,200 $ ]

So,

The expense of obtaining a bachelor's degree worth it because the increase in lifetime earnings is more than 8 times the cost

5 0
3 years ago
What dose chocolate say to caramel
ICE Princess25 [194]

Answer:

I don't know, what?

Explanation:

5 0
3 years ago
Read 2 more answers
The Collins Company uses predetermined overhead rates to apply manufacturing overhead to jobs. The predetermined overhead rate i
maxonik [38]

Answer:

Predetermined overhead rate for department A = 1.4

Predetermined overhead rate for department B = $4

Explanation:

The computation of predetermined overhead rates would be used in Dept A and Dept B, is shown below:-

The predetermined overhead rate for department A =  Manufacturing overhead ÷ Machine hours

= $91,000 ÷ $65,000

= 1.4

The predetermined overhead rate for department B =  Manufacturing overhead ÷ Machine hours

= $48,000 ÷ 12,000  hours

= $4

So, we have applied the above formula.

5 0
3 years ago
If a baker notifies you that he will not deliver the bread for your restaurant. You must try to find bread even if it costs more
IgorLugansk [536]

Answer:

true

Explanation:

i think sksssßkejjejdnd

6 0
3 years ago
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