Answer:
$470
Explanation:
The calculation of the economy income is given below:
Since $1,690 spend on goods and then he decided to purchase for $470 in order to generate it
So here we can see that there is one and only economic activity that took place at the present quarter that is of $470
Therefore the economy income is $470
When a manufacturer forbids an intermediary to carry products of competing manufacturers, the arrangement is known as exclusive dealing.
Exclusive dealing happens while one commercial enterprise buying and sells with some other places situations on the opposite's freedom to pick what it buys or sells, who it does commercial enterprise with, or wherein it trades. Unique dealing is common in business preparations. extraordinary dealing is only illegal while it drastically lessens opposition.
Exclusive dealing is normally described by using the state of affairs wherein the advertising outlet contains best the fabricated from one manufacturer in a particular product type. as an example, while McDonald's sells the handiest Coca-Cola, this is distinctive dealing.
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The correct answer is D.
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Answer:
Shannon's taxable income after considering capital loss=$44,000
Explanation:
Taxable income is the total amount of income that a taxpayer is liable to. Different individuals are liable to different levels of tax. There are various factor that have to be considered to calculate the amount of taxes one needs to pay. For ease in computation, these factors are used to categorize individuals into different groups depending on;
1. Age
2. Marital status: whether single or married
3. Whether one has a child or not
4. Employment status
In the case of Shannon, who has a long-term capital loss of $7,000. The tax laws stipulates that she can deduct up to a maximum of $3,000 in long-term or short-term capital loss each year. With this inform, we can now calculate the taxable income as shown;
Taxable income=Taxable income-capital loss deduction
where;
Taxable income=$47,000
capital loss deduction=$3,000
replacing;
Taxable income=47,000-3,000=$44,000
Shannon's taxable income after considering capital loss=$44,000
