Based on the descriptions of the economy, the type of economy that country b has is a developed economy.
<h3>What is a developed economy?</h3>
A developed economy is an economy characterised by high GDP, high rate of GDP per capita, high level of technological advancement and favorable laws that encourages the development of businesses.
Examples of developed economies are United States, Switzerland.
To learn more about developed economies, please check: brainly.com/question/19496739
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Answer:
The correct option is (C)
Explanation:
To be able to claim somebody as a dependent, the person has to qualify 4 tests. They are:
- Lineal descendant
- Must live with the taxpayer for more than a year
- Should be below 19 years or under 24 if a full time student
- Cannot file return on their own.
If a person who is not a lineal descendant to be claimed as a dependent needs to be a part of taxpayer's household for 365 days (whole year).
In this case, taxpayer's cousin is not a lineal descendant. Rest of them (sister, father and son-in-law) are lineal descendants. So, cousin has to stay with the taxpayer for the entire year.
Answer:
The value of your portfolio on May 3 is $16,058.
Explanation:
Since it is assumed that there is no tax, the value of a share on ex-dividend date is the current share per share minus the announced dividend per share share. Therefore, we have:
Price per share on ex-dividend date = Current share per share - Announced dividend per share share = $55 - $3.20 = $51.80
Therefore, the value of your portfolio on May 3 which is the ex-dividend date can be calculated as follows:
Portfolio value on May 3 = Number of shares owned * Price per share on ex-dividend date = 310 * $51.80 = $16,058
Therefore, the value of your portfolio on May 3 is $16,058.
