Answer:
the total maximum amount that excluded is $500,000
Explanation:
The computation of the maximum amount that could be excluded is as follows:
In the case of the gain on sale of personal residence of taxpayer the amount of $250,000 would be considered as an exclusion other than married filing
But in the case of married filling the above amount should be doubled
Therefore the total maximum amount that excluded is $500,000
Answer:
First in, first out (FIFO)
Explanation:
In FIFO, the assets produced or acquired first are sold, used or disposed of first and may be used by an individual or a corporation. So , since the newer costs are more relevant , the oldest cost won't affect the ending valuation.
Answer: a).
Currently attainable standards can be achieved under efficient operating conditions.
Explanation: currently attainable standards are standards which have been found to be achievable considering the current prevailing circumstances,this standards re usually set up for use in the short term it is not expected be achievable during the long term.
Currently achievable standards are always difficult to achieve but if resources are efficiently managed/ used it will be achieved. Currently achievable standards are usually set to evaluate performance especially in cost,time and materials management.
Answer:
The correct answer is A) Lend support to the invisible hand by maintaining property rights and political stability
.
Explanation:
The absence of the government in legislative tasks related to the market is, therefore, one of the main bases of the economic theory developed by Adam Smith throughout his bibliographical work. For Smith, the leaders must deal with other areas of control more focused on defense or justice, leaving the market to its free operation.
The invisible hand presupposes that there is an inertia by which the market and its self-regulation leads individuals to make the best decisions for the majority of the population to achieve well-being. In other words, it is a kind of automatic control mechanism that compensates the actions taken as a whole, regulating social conformations.
Therefore, it is assumed that the self-regulation facilitated to the markets helps to achieve an optimal market. To do this, individuals must behave in such a way that they can act without state mediation and in pursuit of their own interest.
The metaphor of the invisible hand also supposes that individuals are encouraged or held back to produce or not to follow the level of prices that exist in the market. Prices and profits are sufficient indicative to know when to participate in the market or not. Basically, if there is profit in a market niche, this supposes a stimulus for production, while losses lead individuals to quit.
Answer:
$26,247.696
Explanation:
The table is shown below:
Year Opening Balance Deposit Aggregate Interest @6% Total including interest
1 0 $6,000 $6,000 $360 $6,360
2 $6,360 $6,000 $12,360 $741.6 $13,101.6
3 $13101.6 $6,000 $19,101.6 $1,146.096 $20,247.696
4 $20,247.7 $6,000 $26,247.696 $1,574.862 $27,822.55776
