Answer: c. Tax-free interest income must be included in the formula used to determine if Social Security is included in taxable income.
Explanation:
The portion of Social Security benefits that is taxed depends on how much Income the person has.
For instance, a person is charged up to 50 percent if their income is $25,000 to $34,000 for an individual.
So now how do we calculate the 'income' on which the taxation is based.
The IRS, for the purposes of determining how much you pay, treats income as a person's adjusted gross income plus NONTAXABLE INTEREST INCOME plus half of their Social Security benefits.
From the above we can see that option C is therfore correct.
Answer:
d. Debit Bad Debt Expense; Credit Accounts Receivable
Explanation:
This would be the entry needed to write-off this account. This is an example of the direct write-off method of accounting. This is a method that is employed to recognize bad debts expense that arises from credit sales. This method does not permit allowance account. Instead, an account receivable is written-off directly to expense after the account is determined uncollectible.
Answer: Efficiency refers to how much a society can produce with its resources. Equality refers to how evenly the benefits from using resources are distributed among members of society.
Explanation: Efficiency can be explained as how best a society can harness and maximize the use of its resources in developing itself in areas of infrastructure, improved standard of living of members of the society, provision of basic amenities to its members of society.
Equality ensures there is a large spread to the members of the society benefiting from the resources gotten in the society. Equality ensures everyone takes part of the benefits of the resources present.
Answer:
Developed nations have an economic and moral responsability to help developing contries achieve sustainable development goals not only because developed nations have more money, but also because they are the main originators of climate change.
For this reason, developed nations should give funds to developing nations in order to fund projects such as solar, wind, geothermal, and nuclear power plants, and they should also provide technical assistance, since the population of developed nations tends to be more educated than that of developing nations.
One way you can get identity theft is buying stuff online not all websites are safe they can take your information. Another way is when you go to the ATM some card swipers have scanners that can get all your card information.
