Answer:
The correct answer is option a.
Explanation:
An economic outcome is said to e efficient if the economy can produce the maximum amount of goods and services using all the scarce resources it has. If the production of anyone good cannot be increased without decreasing the production of any other good, the production is said to be efficient.
If the economy can increase production without additional resources then the current level of production is not efficient.
Answer:
When auditing, the IRS typically selects those with high incomes.
Explanation:
The Internal Revenue Service (IRS) is a United States government entity charged with the sole duty of collecting taxes and regulation of laws with regard to income tax. The IRS was constituted by the then President Abraham Lincoln in 1862 and gets it's authority under the United States department of Treasury.
The IRS collects taxes from either individuals or companies provided they earn an income withing the United States of America. Individuals and corporations can file income taxes electronically by use of an internet enabled computer or even a smart phone.
IRS audits are usually done to confirm whether the tax returns filed are accurate. The audits can be done for a variety of reasons, but it is mainly done if the tax income filed are not coherent with the nature of the individual or company. The IRS audits are not done on every entity that files their income taxes, but only on a select portion of these entities. Those who have high incomes are usually selected for auditing.
Answer:
Falls by $100,000
Explanation:
In this question, we are asked to calculate and state what happens when demand for land falls and as a result, there is also a fall in rental rate.
Firstly, we cost the total of 1000 acres. The price of 1000 acres is simply the multiplication of the 1000 acres by the $500 unit price= 500 * 1,000 = $500,000
We now calculate the price or worth of the land when demand falls
This is mathematically equal to 400 * 1000 = $400,000
Now, the net economic rent fall would be $500,00 - $400,000 = $100,000
Hence, there would be a fall of $100,000 as the demand for land falls
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000
Based on my these figures, Barton’s taxable income is $127,000.
You should inquire.
If the bill is incorrect, this could be a cause of fraud or a simple calculating error. The same could apply for you wanting more information - the supplier should be able to provide you information about it.
