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3 years ago

A taxpayer will be able to exclude all the income from their canceled debt if they:

Business

1 answer:

liq [111]3 years ago

4 0

Answer:

Option B is correct

Explanation:

This is because debt owed is higher than his debt canceled, which makes him qualified for insolvency exclusion which means that all canceled debt income is not included in the taxable income.

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Say the reserve requirement is 20 percent. If you pay back a loan of $10,000 a bank had previously made to you, the act of payin

otez555 [7]

Answer:

a. adds $10,000 in bank reserves.

Explanation:

Given that

Reserve requirement is 20%

Now if you want to pay back the loan of $10,000 so here the act of paying back the loan is that the amount of loan i.e. $10,00 would get added to the bank reserves

Therefore as per the given situation, the option a is correct

And, the same is to be considered

Thus, all the other options are incorrect

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3 years ago

Packaging and labeling not only provides benefits for the consumer, but if done successfully in a way that puts a firm in a favo

Black_prince [1.1K]

Packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.

<h3>What are packaging and labeling?</h3>

Packaging and labeling are the processes of designing and developing suitable packages for the enclosure of products and providing some instructions and suggestions for product usage.

While packaging focuses on the product's appearance, labeling is mainly concerned with the product's description.

Thus, packaging and labeling, in addition to benefiting the final consumers, also provides a <u>competitive advantage</u> for the firm.

Learn more about packaging and labeling at brainly.com/question/25909529

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3 years ago

Suppose that in your first year of college you spend $21,800.00 more than you earn. In your second year, your expenses increase

lilavasa [31]

Answer:

$483,000.987

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3 years ago

FIRST SCENARIO: The economy has taken a turn for the worse. The president believes the government should get the economy moving

Deffense [45]

The proposed response of Adam Smith based on each scenario is given below:

<h3>Scenario 1</h3>

He would say that the pricing system should remain the main determinant of the market and the interference of the government was uncalled for.

<h3>Scenario 2</h3>

He would side with the free market system and be an opponent of the law that frowns on importation.

<h3>Scenario 3</h3>

He would support the suspension of the antitrust laws.

<h3>Scenario 4</h3>

He would believe that markets should not be regulated and the free market system should continue.

<h3>Who is Adam Smith?</h3>

He is the father of modern economics for his work in pioneering ideas such as free trade and the gross domestic product

Hence, we can see that the proposed response of Adam Smith based on each scenario is given above.