Answer:
The correct answer is option a.
Explanation:
The full-employment level of output is $2,000.
The current level of output is $1,900.
The current aggregate demand is $1,850.
There is a need to increase the aggregate demand by $150 to reach full employment level.
The government increases purchasing by $30.
1 - MPC = 
MPC = 1 - 0.2
MPC = 0.8
Answer
$31,000
Explanation:
(c) $31,000
Explanation:
As per IRS for Earnings of Clergy, A licensed, commissioned, or ordained minister who performs ministerial services as an employee may be able to exclude from gross income the fair rental value of a home provided as part of compensation (a parsonage) or a housing allowance provided as compensation if it is used to rent or otherwise provide a home. In order to be able to exclude the housing allowance from income, the minister's employing organization must officially designate the housing allowance as such before paying it to the minister.The fair rental value of a parsonage or the housing allowance is excludable only for income tax purposes, and not for Self-employment tax purpose.
In the given case, the church did not designate any of Luke's salaries as a housing allowance. Hence it is not deductible from Gross Income for Income Tax Purposes and irrespective of designation or not, it is not deductible for self-employment tax.
Thus, Full salary of Luke i.e $31,000 must be included when figuring net income for self-employment tax.
Answer:
$1400 U
Explanation:
Total direct materials cost variance = (47,000 actual pounds × $1.20 actual cost per pound) − (50,000 standard pounds × $1.10 per pound) = $1,400 unfavorable
Answer:
the cap rate is 6%
Explanation:
The computation of the cap rate is as follows:
= Net operating Income ÷ Current market value of property
= $120,000 ÷ $2,000,000
= .06
= 6%
Hence, the cap rate is 6%
We simply divided the net operating income from the Current market value of property so that the cap rate could come
