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4 years ago

Which statement would not be a way for the government to reduce the national debt?

Business

1 answer:

Anastasy [175]4 years ago

7 0

Answer:

Increasing government spending in the form of infrastructure and welfare

Explanation:

In order to reduce the national debt, the government need to take a conscious measure to use the government budget as little as possible.

Investment in infrastructures (such as military bases,. building new roads or parks) and government programs (such as expensive healthcare or government funded jobs) tend to take a large amount from the government budget. This will most likely resulted in the increase of national debt.

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Marc and Michelle are married and earned salaries this year of $64,000 and $12,000, respectively. In addition to their salaries,

ale4655 [162]

Answer:

I will use the 2020 tax schedule since recovery rebate credit applies to 2020:

Marc and Michelle's gross income = Marc's and Michelle's salaries + interest from corporate bonds = $64,000 + $12,000 + $500 = $76,500

they should choose the standard deduction since it is higher than their itemized deductions = ($24,400)

contribution to IRA = ($2,500)

alimony payment = ($1,500) the divorce agreement was settled on 2005

Marc and Michelle's taxable income = $48,100

Marc and Michelle's tax liability = $1,975 + [12% x ($48,100 - $19,750)] = $5,377

Interests on municipal bonds is not taxable.

The amount of taxes that they owe = $5,377 - $3,500 (federal tax withholdings) = $1,877

Refundable tax credits:

$2,000 in child tax credit

$2,900 in recovery rebate credit

total = $4,900

taxes payable or refund = tax liability - refundable tax credits = $1,877 - $4,900 = -$3,023.

Marc and Michelle should get a refund for $3,023

4 0

3 years ago

You can deliver more dishes with hand service than you can with tray service<br><br> True or false?

alisha [4.7K]

False....................

4 0

3 years ago

Read 2 more answers

Paper Submarine Manufacturing is investigating a lockbox system to reduce its collection time. It has determined the following:

Ostrovityanka [42]

Answer:

-1,185,282.35‬

Explanation:

The average daily collections are the average number of payments times the average value of a payment, so:

Average daily collections = =355 * 945

Average daily collections = $335,475

The present value of the lockbox service is the average daily receipts times the number of days the collection is reduced, so:

PV = (4 day reduction)( $335,475)

PV = $1,341,900‬

The daily cost is a perpetuity. The present value of the cost is the daily cost divided by the daily interest rate. So:

PV of cost = (.3*355)/.00068

PV of cost = $106.5/.00068= $156,617.65

The firm should take the lockbox service. The NPV of the lockbox is the cost plus the present value of the reduction in collection time, so:

NPV = $156,617.65 - 1,341,900

NPV = -1,185,282.35‬

3 0

3 years ago

Read 2 more answers

Indifference curves are A. concave to the origin. B. either convex or concave to the origin. C. convex to the origin. D. no spec

Ivenika [448]

Answer: option C ; convex to the origin

Explanation:

Indifference curves shows the indifference of a customer to a combination of goods. It shows that a customer can have some level of satisfaction from either good. The indifference curve slopes downwards from left to right because as there is an increase in consumption of one good, there is lower for other goods. The curve convex at the origin to show the marginality in consuming one good over another.

6 0

4 years ago

In the ____________, households work and receive payment from firms. Group of answer choices financial investment market financi

slega [8]

In the Labor Market, households work and receive payment from firms.

<u>Explanation:</u>

The skills of the people will be exchanged with the employers for the salaries or wages and this is called as labor market. Any people who is in need of any platform to show their skills and the organisation that is in need of labor are the main elements of the labor system.

The important source of producing any type of goods is labor. It is the labor market that decides the compensation that is to be made to these labors. Thus, in the labor market, the households work and they will receive compensation from the firm for which they work.

6 0

3 years ago