List and briefly define the 4 components of a nation’s demand for goods and services

Stephanie is a twelve-year-old who often assists neighbors on weekends by babysitting their children. Calculate the 2013 standar

Delicious77 [7]

Answer:

a) $1,200

b) $1,850

c) $6,200

Explanation:

First ,we are to determine Stephanie's claims based on different circumstances using the 2013 standard deduction

a) Reported $850 earnings from babysitting - claim 1,200

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $850 + $350 which is $1,200. Stephanie can claim $1,200

b) Reported $1500 - Claim $1,850

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $1500+ $350 which is $1,850. Stephanie can claim $1,850

c) reported $6,200 - Claim $6,200

For 2013, the minimum standard deduction is $1,000, hence Stephanie is able to claim the greater of the following two: The minimum standard deduction of $1,000 or her earned income of $6200+ $350 which is $6,550. However, she can only claim $6,200 because as a 2013 the maximum standard deduction for a single person which is her filing status is $6,200

8 0

3 years ago

Suppose the government passes a law eliminating holidays and, as a result, the production of goods and services increases becaus

hjlf

Answer:

B) GDP would definitely increase because GDP excludes leisure.

Explanation:

The gross domestic product GDP includes the market value of all the final and legal goods and services produced within a country during one year.

Leisure time by itself is not included in the GDP, recreational and travel activities are, e.g. hotel services, restaurants, camping equipment, etc.

8 0

3 years ago

The president is responsible for the communication and ongoing relationship between America and other nations of the world. This

Natalka [10]

Answer:

B. Diplomatic Relations

Explanation:

Anything involving peaceful relationships and communications between multiple countries is diplomatic relations

8 0

3 years ago

Read 2 more answers

Depreciation is a process by which A. the cost of plant and equipment is allocated to expense over the time periods which benefi

zysi [14]

Answer:

B. the decline in market value of plant and equipment is determined and recorded

Depretiation is a measure of how much value our plant and equipement does loose because of use and the pass of the time.

If depretiation would not exist, we would register the value of plant and equipment as if they worth the same they did when they were bought, wich would be not real.

As an example, think about an oven in a bakery after using for some years: it is not in the same conditions that it was when new. This lost in the value of the goods (because of usage in this case), is what depretiations tries to account.

4 0

3 years ago

Choose the best inference based on the following statement from a corporation president: “Our employees are the greatest resourc

lord [1]

If this question has the same choices like the previous ones posted here, then the answer would be letter letter C. The speaker is willing to improve workplace safety.

Choices to this question are:
a. The speaker is an environmentalist and wants to preserve resources.
b. The speaker is concerned that employees will be lazy.
c. The speaker is willing to improve workplace safety.
d. The speaker will not allow OSHA or the EPA to inspect their job site.

4 0

3 years ago