Answer:
a) 10 percent
Explanation:
Unemployment is when workers are willing bro work and unable to find work.
Unemployment brate is a ratio of unemployed workers to the total civilian population.
We only consider workers that are willing to work as being unemployed
So willing workers that are unemployed= 1 million
Employed workers= 9 million
Civilian population = unemployed+ employed
Civilian population= 9+1= 10
Unemployment rate= Unemployed/ Civilian population
Unemployment rate= 1/10= 0.1= 10%
Answer:
Original deposit= $31,045.75
Explanation:
Giving the following information:
Your savings account currently has a balance of $32,300.
You opened the savings account two years ago.
Interest rate= 2 percent, compounded annually
To calculate the original sum we need to use the following formula:
PV= FV/(1+i)^n
PV= 32,300/(1.02^2)= $31,045.75
Underground economy refers to the illegal trade of goods and
services because it does not comply with the government’s policy of reporting
necessary requirements. An example of this is smuggling of goods and
prostitution. If there is an increase in the income tax rates, the underground
economy will continue to grow and tax evasion may be rampant. It is because
some people would avoid in their duty of paying right amount of taxes and
prefer to earn more money.
Answer:
Excess loss business is a situation where deduction exceeds the total income, like given in the above situation.
As per IRS for 2019,
New limitation is $150,000 of the disallowed business loss would be carried forward to 2019 as an additional NOL .
Therefore,
1) Tim has excess business loss of $ 205000
($580000 - $ 225000- $150000)
2) Tim may use $150000 of the $355000.
