Answer:
- We assume the Tax year to be 2019
- Jack and Kendra are classified as Married Filling Jointly - 2019. If any of the clients have only Social Security benefits without any other taxable income, then, there is no need for such clients to file a tax return.
Here, Jack and Kendra are retired couples and has no other source of income except the Social Security benefit (and the Military pension is not taxable). Also, the interest income is very less than the Standard deduction itself which is $27,000. So, none of the couples social security benefit is taxable for the tax year 2019.
Objectivity and independence are important ethical values in the accounting profession. ... Accounting services include general accounting, auditing, tax and management advisory services. Accountants who perform more than one of these services for a client may compromise their objectivity and independence.
Answer:
The correct answer is option A.
Explanation:
The demand for cantaloupes is unitary elastic at price level $2.50. The demand curve here is linear and downward sloping. The elasticity of demand is 1.
In this linear demand curve the lower portion will represent inelastic demand.
When the price level is reduced to $2 the demand will move to the lower portion of the curve, with fall in price and increase in demand.
So, at $2 price the demand will be inelastic, which means it will be between 0 and 1.
Answer:
The equation for that satisfies the number of bananas and apples you can buy is;
x+2 y≤100, where 0≤x≤100, and 0≤y≤50
x=number of apples that can be bought
y=number of bananas that can be bough
Explanation:
A budget is the act of providing a particular amount of money to be used for a given activity. In our case, you have set aside $100. This means that whatever you buy should not exceed this amount, meaning the maximum amount you can spend is limited to this value. The equation below can be used to draw the graph for the scenario above;
(A×Na)+(B×Nb)≤I
where;
A=apple cost per unit
Na=number of apples
B=banana cost per unit
Nb=number of bananas
I=available income
In our case;
A=$1
Na=unknown=x
B=$2
Nb=unknown=y
I=$100
replacing;
(1×x)+(2×y)≤100
x+2 y≤100
We can assume values of x and y that satisfy this limitation as follows;
x=0 y≤50
y=0, x≤100
0≤x≤100
0≤y≤50
The equation for that satisfies the number of bananas and apples you can buy is;
x+2 y≤100, where 0≤x≤100, and 0≤y≤50
x=number of apples that can be bought
y=number of bananas that can be bought