Here, public savings = $1.05 billion and private savings = $3.15 billion
It is calculated as follows:
Total savings, S = $4.20 billion
We know: S = V+U
It means National Savings = Private savings + Public savings
Here:
V = private savings , U = public savings and
Private saving, V = 0.75 × S
= 0.75 × $4.20 billion
= $3.15 billion
And, the public savings will be = National savings - private savings
= $4.20 billion - $3.15 billion
= $1.05 billion
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In the U.S. current account, most of the trade deficit results from an excess of imported <span>merchandise (B).</span>
C business mileage during the year to claim the standard mileage rate for the business
Answer:
The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.
Explanation:
For the purpose of regular income tax, the deduction pertaining to medical expenses are available up to the extent it exceeds 10% of AGI.
Deduction available = excess expenses incurred - 7.5% of AGI
= ($16,000 + 4,000 + 2,500
+5,000) - 7.5%*130000
= 27500 - 9.750
= $17,750
Therefore, The Sammy and Monica’s medical expense deduction for regular income tax purposes is $17,750.
He should take the option one of sales commission of 3.1% on
each bond. If he takes the 2nd option, he is required to pay 24$ per
bond. But if he takes the ist option, he is required to pay 15.5$ per bond.
88.754 is the market rate. Total investment is of 500$. Multiply the commission
rate with the amount and you get 15.5 $. There is a difference of 8.5 dollars
between the two options.
