There are producers, trade industries, and service industries.
Answer:
Right
Explanation:
Right if you expect tax rates to go up or because right now you are starting your career and your tax bracket would be lower now than what it will be later on. When you are older and in retirement, you would want to save your money and not have to worry about any taxes.
The amount of medical expenses that the Blairs can deduct as an itemized deduction for 2022 will be $900.
<h3>How to calculate the amount?</h3>
From the given information, the total expenses was $3150 and there is an exceed of 7.5% if the adjusted gross income.
Therefore, the amount that will be deducted will be:
= $3150 - $2250
= $900
In conclusion, the correct option is $900.
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Answer:
Sam
Tereza
Andrew could be right, but it depends on the magnitude changes,
Explanation:
Lorenzo is wrong because if supply decreased and the demand was unit elastic, then the equilibrium quantity will fall but the price will increase.
Neha is also wrong because a perfect inelastic supply is a vertical line parallel to the y-axis, then if this supply decreases (shifts to the left) the equilibrium quantity will decrease but the price will increase.
Sam is right because a perfectly elastic demand is a horizontal line parallel to the x-axis. and if supply decreases (or increases) the price will remain the same but the equilibrium quantity will decrease ( or if demand increases, it will increase).
Teresa is also right because a perfect elastic supply looks the same as a perfect elastic demand, then if demand decreases (or increases) price will remain the same and the equilibrium quantity will decrease (or if demand increases, it will increase).
Andrew could be right but depends on the magnitude change in demand and supply. If both (supply and demand) decrease in the same proportion, the equilibrium quantity will decrease, and the price could remain the same. But, it depends on the magnitude shifts.
Answer:
PV= $393.65
Explanation:
Giving the following information:
Cash flow= $150
Number of periods= 3 years
Interest rate= 7%
<u>To calculate the present value of the annuity, first, we need to determine the future value:</u>
FV= {A*[(1+i)^n-1]}/i
A= annual cash flow
FV= {150*[(1.07^3) - 1]} / 0.07
FV= $482.24
<u>Now, the present value:</u>
PV= FV/(1+i)^n
PV= 482.24/1.07^3
PV= $393.65