Answer: $3,557
Explanation:
Maximum amount of credit for 2020 is $3,584.
The income credit is calculated by:
= Maximum amount - (Earnings for the year - Minimum phase out range for single person with one child) * phase out percentage.
= 3,584 - (19,500 - 19,330) * 15.98%
= $3,557
Answer:
The correct answer is option B.
Explanation:
Melanie decided to buy a coat at a price of $79.95.
When she brought the coat to the store's sales clerk, Melanie was told that the coat was on sale, and she would pay 20 percent less than the price on the tag.
She got a discount worth $15.99.
The consumer surplus, in this case, will be at least $15.99.
This is because the consumer surplus is the difference between the price the consumer is willing to pay for a good and the price he/she actually pays.
Melanie paid $15.99 less than the price but she may have been willing to pay more than the initial price. So the consumer surplus will be at least $15.99.
The answers of the given questions above are the following:
1. The insurance coverage is the amount your insurance company is willing to pay. The correct answer is option B. Insurance transaction involves the insured<span> assuming a guaranteed loss in the form of payment to the insurer in exchange for the insurer's assurance to reimburse the </span>insured<span> in the event of a </span>covered<span> loss.
2. The correct answer would be option D. Deductible
3. The correct answer would be option D. Allows young adults to stay on their parents' insurance until the age of 26. </span>
Factors of production are common to all productive activities, regardless of the economic system. Labor, as a factor of production, relates only to the production of manufactured goods; services are not included. So it is True
Answer:
A. True
Explanation:
In the case of absorption costing, the fixed manufacturing overhead should be incurred at the time when the units are generated or produced. While on the other hand, in the case of variable costing the fixed manufacturing overhead should be incurred at the time when the units are sold
Therefore the given statement is true
Hence, the correct option is a.
