Answer:
Comparative Advantage
Explanation:
The assumption of Comparative Advantage theory is that there is no barrier.
It is explained in the model that if each country focuses on what it does best relatively then both countries together can produce more of each good/service using all their labor.
Then they can trade with each other and benefit. (To trade they must produce what the other need)
Answer:
$760
Explanation:
The tax credit for child and dependent care expenses allows working taxpayers to discount up to 35% of care expenses. The exact percentage that you are allowed to deduct depends on your income:
- if you earn up to $15,000, you can discount 35% of dependent care expenses of up to $3,000 per child.
- the percentage decreases for every $2,000 of income (1% decrease per every $2,000), until your income reaches $43,000 where it remains at 20%.
The Kent's earned $53,000 during the year, so they can claim up to 20% of their children's care expenses = $3,800 x 20% = $760
C. Provide objective evidence that a transaction has taken place.
Answer:
Capital gain $24,900
Explanation:
Jonas's Stock basis $33,200
Less $8,300
Capital gain $24,900
$24,900 cash distribution - Net share of Ard's taxable income $16,600= $8,300
Therefore Jonas's recognized capital gain
of $24,900
‘The dry cleaner on the corner is an eyesore’ is a
subjective claim because a subject claim is not something that is factual
rather it is an expression or an opinion that an individual says, in which the
sentence is an example as it is an expression.
