Answer:
B. The cost of utilities is deductible for AGI
Explanation:
The entire cost of the utilities would be for AGI deduction assuming no personal use of the condo. The employer portion of Marilyn's self-employment tax would be deductible as well.
Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. It is the starting point for calculating a filer's tax bill in the United States and, among other things, is the basis for many deductions and credits. When filing your taxes online—as about 80% of filers do—the software you use will calculate your AGI for you.
Answer:
$510 million
Explanation:
If Stealth bank holds deposits of $600 million but has a current market value of $400 million, It holds reserves of $30 million and government bonds worth $80 million.
Therefore the value of the bank's total liabilities will be the fair value of the bank loans $400 million + reserves of $30 million and government bonds worth $80 million.
Hence, the value of the bank's total liabilities is $510 million
Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"
Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food.
Answer: b. The diversifiable risk of your portfolio will likely decline, but the expected market risk should not change.
Explanation:
Diversifiable risk is a risk that a particular security has or which can be seen in a certain sector. Market risk occurs when there's possibility that a particular investor will make loss due to certain factors which affects the entire market.
In the above scenario, the most likely to occur will be that the diversifiable risk of the portfolio will likely decline, but the expected market risk should not change.
It should be noted that diversification won't eliminate market risk. When more stocks are added, this brings about decline in diversification risk but market risk won't change.
