the answer is
i just got that question on a test
Answer:
cyclically unemployed
Explanation:
The cyclically unemployed refers to the situation when the economy is in recession period that directly impacts the profits of the company
In the given situation, since Daniel, Steven, and Chris work as engineers in Connecticut. Due to the recession, the company profit is declining that results in a decrease in the demand of the engineers.
Therefore this situation represents the cyclically unemployed
Answer:
How to calculate tax liability from taxable income
Explanation:
Your taxable income minus your tax deductions equals your gross tax liability. Gross tax liability minus any tax credits you're eligible for equals your total income tax liability. hope this helps you :)
Answer:
Real GDP increased by 20% between 1990 and 2000
Explanation:
Real GDP (RGDP) = (Nominal GDP (NGDP) / Price level) x 100
RGDP, 1990 ($ Billion) = (360 / 120) x 100 = 300
RGDP, 2000 ($ Billion) = (450 / 125) x 100 = 360
Therefore, between 1990 and 2000, Real GDP
= (360 / 300) - 1
= 1.2 - 1
= 0.2
= 20%
Thus, the Real GDP increased by 20% between 1990 and 2000
Answer:
Tax shield on depreciation = 600
Explanation:
given data
new piece of equipment = $11,000
salvage value = $1,000
marginal tax rate = 30%
average tax rate = 20%
time period = 5 year
to find out
net effect of annual depreciation on the free cash flow
solution
we know here cost of asset and Salvage value so we get depreciation cost
depreciation cost is = 11000 - 1000 = 10000
and
annual depreciation = 2000
so that Tax shield on depreciation will be
Tax shield on depreciation = 2000 × 30%
Tax shield on depreciation = 600
