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seraphim [82]
3 years ago
7

For taxpayers who do not itemize deductions, the standard deduction amount is subtracted from the taxpayer's adjusted gross inco

me. True False
Business
1 answer:
Elina [12.6K]3 years ago
8 0

Answer:

The statement is: True.

Explanation:

The Adjusted Gross Income (<em>AGI</em>) is a measure based on individuals' gross income that serves as the basis for different deductions, among them, taxes. Taxpayers can request a tax credit based on certain expenditures that can be eligible for deduction. To do so, they must itemize those expenses in <em>Form 1040</em> (Schedule A). Otherwise, the deduction will be based on the taxpayer's AGI.

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A property owner had a stroke and is unable to take care of himself. He has no heirs so a court placed him in a nursing home and
julia-pushkina [17]

Answer: Tax lien

Explanation:

Tax lien could be defined as a federal obligation which the government carries out when you fail to pay tax debt. The government accumulates the total tax.

The property owner got exposed as regards tax payment plan which was not paid.

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3 0
3 years ago
Most lenders will expect entrepreneurs to provide equity funds in an amount of at least ____ percent of the business before appr
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70 percent is a safe amount of capital
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3 years ago
Floods, product failure, change in demand, and ineffective sales are all examples of _____. costs rewards risks revenue
ValentinkaMS [17]
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3 0
4 years ago
Read 2 more answers
Refer to the data for a private closed economy. If gross investment is $12 billion, the equilibrium level of GDP will be:
mezya [45]

Answer: $360 billion

Explanation:

In a private closed economy, there will be two components missing which are Government spending and Net exports.

There will be no Government spending because the economy is private and there will be no net exports because the economy is closed.

GDP will therefore be:

= Consumption + Investment

If Investment is $12 billion then the equilibrium level of GDP will be the GDP which when Consumption is deducted, the investment amount of $12 billion will be the result.

That GDP level is $360 billion.

When the consumption amount of $348 billion is subtracted from the GDP, you get $12 billion for investment.

4 0
3 years ago
Annie is working in an organization where her paycheck reflects how many hours she has worked with each paying client. For​ her,
konstantin123 [22]

Answer:

A. Expectancy theory

Explanation:

Expectancy theory asserts that people make certain choices because they are motivated by what they expect the result of their choices will be.

Annie's view of her pay as very fair and motivating is as a result of her desire to work more hours with clients. Meaning her mediation of the outcome or result (number hours spent) motivates Annie.

4 0
3 years ago
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