Answer:
Price elasticity of demand is a measure of the change in the quantity purchased of a product in relation to a change in its price.
Explanation:
Answer:
The Seller would be primarily liable
Explanation:
Since in the question, it is mentioned that the seller had sold a house to a buyer for taking up the loan i.e. based on a subject. But after two years the buyer does the default and does not pay the money.
Therefore for lending the note, the seller is primarily liable as the seller permit the buyer for taking the loan
Answer:
D. May be claimed to reduce the amount of withholdings from the employee's earnings.
Explanation:
A personal allowance can also be known as a "tax-free" allowance. It refers the amount an individual is entitled to earn in a given tax year, before he/ she starts paying income tax.
Based on common practice, when your Federal income tax withholding is calculated, you can claim some allowances such as the personal allowance which will reduce the amount of your income that is withheld by your employer.
Our mind when we see something that pleases our mind it's a want, something the mind doesn't crave but knows you need for something is a need
Answer:
The taxable income is $35,560
Explanation:
In this question, we are asked to calculate the amount which Ross will report as taxable income.
We proceed as follows;
Firstly, we calculate adjusted gross income
Mathematically, adjusted gross income = Gross income - Adjustments
=( $49,300 + 500 + 140) - 1690 = $48,250
Taxable income = Adjusted gross income - Personal exemption - itemized deductions
= 48,250 - 3,950 - 8,740 = $35,560