Answer:
In any market economy, business plays a huge role. Business is the engine of an economy. Business provides jobs that allow people to make money and goods and services that people can buy with the money they make. Without business, the economy would be very inefficient and/or very primitive.
Explanation:
Answer: $0
Explanation: The total amount of an individual's Gross income which is taxed is called the taxable income. An individual's Adjustable Gross Income may include expenses such as charitable contribution, mortgage interest, medical and some other eligible expenditure which are are deducted in other to lessen the taxable income of such individual. Such deductions are called the Itemized deductions.
However, personal expenses DO NOT CONTRIBUTE to an individual's Itemized deduction and as such, MIKE HANSEN'S ITEMIZED DEDUCTION IS ZERO.
The $6000 incurred is classed under personal expenditure and is not deductible.
Answer:
The correct answer is E
Explanation:
M1, M2 and M3 are the terms which measure the money supply of United States, referred to as money aggregates.
The formula for computing the M1 is as:
M1 = coins as well as currency in circulation + checkable or demand deposit + traveler checks
where
Currency in circulation is $20 million
Demand deposit is as:
= Required reserve × Actual reserve
= 10 × $10 million
= $100 million
Putting the values above:
M1 = $20 million + $100 million
M1 = $120 million
After the civil war, CORPORATION became the major form of business organization because of its ability to raise money through the sale of shares of stock. A corporation is a type of business that is owned by stockholders who share its profits but are not personally responsible for its debts.
