manage household expenses means cutting a lot of checks
ans is a checking account
Answer:
expansionary practice; open market purchase of securities by the Fed.
Explanation:
Fiscal policy in economics refers to the use of government expenditures (spending) and revenues (taxation) in order to influence macroeconomic conditions such as Aggregate Demand (AD), inflation, and employment within a country. Fiscal policy is in relation to the Keynesian macroeconomic theory by John Maynard Keynes.
A fiscal policy affects combined demand through changes in government policies, spending and taxation which eventually impacts employment and standard of living plus consumer spending and investment.
Basically, an expansionary fiscal policy will cause the total increase in aggregate demand to be greater than the initial increase in aggregate demand due to the multiplier process.
Hence, when the interest rate in an economy decreases, it is likely the result of either an expansionary practice or an open market purchase of securities by the Federal Reserve System (Fed).
According to the Keynesian theory, government spending or expenditures should be increased and taxes should be lowered when faced with a recession, in order to create employment and boost the buying power of consumers
Surplus. Is this a multiple choice?
Answer:
$79,421
$12,151.413
Step by Step Explanation:
The self-employment taxable income is 92.35% of net earnings. While the tax rate for self-employment tax liability is 15.3% for year 2019
Schedule C net earnings: $86,000
Self-employment taxable income rate: 92.35%
Self-employment taxable income= 92.35%×86,000
=$79,421
Self-employment taxable income: $79,421
Self-employment tax rate: 15.3%
self-employment tax liability=
Self-employment taxable income×Self-employment tax rate
$79,421×15.3% =$ 12,151.413