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Answer:
The correct answer is letter "B": can be physically touched.
Explanation:
Goods are those <em>material </em>assets that satisfy consumers' needs. Services are also provided to fulfill individuals' wants but they are <em>intangible</em>, meaning even if goods can be rendered from one person to another, services cannot be touched or perceived with the senses. The creation of goods and services to cover different types of necessities is what drives countries' economies.
Answer:
Adjusted Gross Income =$ 102,000
Explanation:
Gross Income $ 200,000
Business Expenses $ 60000
Gross income earned from your self-employment $140,000
Less alimony to his former spouse $30000
Less Health Insurance Premium $6000
Less Medicine and Doctor fees $ 2000 (Assuming its under Qualified Medical Expenses)
Adjusted Gross Income =$ 102,000
Since mortgage interest relates to personal home, it is not deductiable.