Answer:
c- Reliance on a tax return preparer
Explanation
The substantial understatement penalty is a punishment that the IRS applies to taxpayers, it belong to the accuracy-related penalty. The IRS can impose it due to: careless, reckless, or intentional disregard of the rules or regulations. There are ways for taxpayer to avoid the penalty for taking a position on a return that is contrary to a rule or regulation if the taxpayer properly discloses the position, but reliance on a tax return preparer is not among the options, as it does not by itself constitute reasonable reliance in good faith; also, a taxpayer needs to discuss the issue with the adviser.
A savings account that pays interest every 3 months is said to have a tri-annual interest period.
Answer:
The correct answer is option A.
Explanation:
Menu costs can be defined as the cost which is incurred by the firms because of changing prices. The size of the menu costs depends upon the type of firm.
There are some costs involved in printing menus, price lists, brochures, catalogs, and price tags, etc.
The concept of menu costs was given by Eytan Sheshinski and Yoram Weiss in 1977. It is used to explain price stickiness in a market.
In case the current price differs from the equilibrium price, the firms will change their price only if the additional revenue from a price change is able to cover menu costs incurred due to price change
The money multiplier is 20 and the change in the money supply is $200 billion.
<h3>What is the money multiplier and change in money supply?</h3>
The money multiplier is the inverse of the reserve ratio. Reserve ratio is the percentage of deposits that is required of commercial banks to keep as reserves. The lower the ratio, the higher the increase in money supply.
Money multiplier = 1 / reserve ratio
1/5%
1 / 0.05 = 20
The change in money supply is the product of the money multiplier and the change in reserve.
Change in money supply = money multiplier x change in reserves
20 x $10 billion = 200 billion
To learn more about reserve ratio, please check: brainly.com/question/6831267
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