Answer: 
Explanation:
Given:
Net income(before taxes) = $335,000
Effective tax rate for the current year = 29.5%.
We'll compute the actual tax rate using the formula given below:
⇒ Taxable Income = Net income(before taxes) - Interest revenue + Insurance premiums
Taxable Income = $335,000 - $35,000 + $12000
∴ Taxable Income = $312,000
⇒ Income tax expense = Income × Effective tax rate
Income tax expense = $335000 × 0.295
∴ Income tax expense = $98,825
Equating these two value in above formula, we get;
Answer:
(A) $500 million
(B) This type of analysis is used to show that Special Interest Groups tend to press the government for TRANSFERS instead of ECONOMIC GROWTH.
Explanation:
1/10,000 of the real GDP is = $50,000
RGDP = 50,000 ÷ 1/10,000
RGDP = 50,000 × 10,000 = $500,000,000
If special interest group Q would have to be indifferent (not care which policy is applied at the given time) between the 2 policies, then the economic growth policy would have to increase the size of the RGDP (the economic pie) by an amount sufficient enough for them to get their net benefit of $50,000.
The RGDP figure above ($500 million) is the amount by which RGDP (real gross domestic product) should grow, if Group Q will still get their net benefit when only the economic growth policy (EGP) is applied.
In this case, the EGP applied in place of the TP (transfer policy) would still fetch Group Q the minimum net benefit of $50,000
(B) This type of analysis is used to show that Special Interest Groups tend to press the government (policy makers and enforcers) for TRANSFERS instead of ECONOMIC GROWTH.
A substitute is something you replace and use something different in it's place.
Complement is something added to enhance the original
Answer:
Personal financial planning
Explanation:
If you plan out how you will spend, save, and invest your money, you can get to many places in live.
