The correct answer should be start earning sooner because it enables you to join the work force sooner since achieving a technical certification lasts shorter.
M1 decreases and M2 doesn't change if Ms. Anniston moves $1,000 from her checking account to her money market account.
<h3>What are M1 and M2?</h3>
Money supply in M1 and M2. Money that is very liquid, such as cash, checkable (demand) deposits, and traveler’s checks, is included in the M1 money supply.
The M2 money supply, which consists of the M1 money supply plus savings and time deposits, certificates of deposits, and money market funds, is less liquid in nature. M2 is a larger definition of money that adds more deposit kinds along with everything in M1.
For more information about M1 and M2 refer to the link:
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The answer to this question is the term Theory. A theory is a set of assumptions that is said to be true an correct. A theory can be used as an explanation to a certain problen and this beliefs can sometimes be not yet proven.
Answer:
$3,604
Explanation:
Calculation for what Smith's deferred income tax expense or benefit would be:
Using this formula
Deferred income tax expense =(favorable temporary difference-unfavorable temporary difference)*Tax rate
Let plug in the formula
Deferred income tax expense =($51,200-$40,600)*21%
Deferred income tax expense =$10,600*34%
Deferred income tax expense =$3,604
Therefore Smith's deferred income tax expense or benefit would be:$3,604
