Over the last several decades, the United States has usually had a trade deficit.
When the U.S. 2008 recession began, the trade deficit increased.
When net exports increase, GDP increases.
Trade deficit is when the import of an economy is greater than the export of the economy. Import are goods that are bought from foreign countries. Export are goods that are sold to foreign countries. As at August 2021, trade deficit in the United States was $73.3 billion. This is higher than the forecasted amount of $70.5 billion.
During the 2008 recession, trade deficit increased by 3% to $920.7 billion. One of the reasons for this was the increase in the price of crude oil which is a major consistent of import of the United States.
GDP calculated using the expenditure approach is : consumption + government spending + business spending + net export.
Net export = export - import.
If net export increases, GDP increases.
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Answer:
All health insurance premiums must be deducted on a pre-tax basis.
The premium amounts are reduced by deducting them on a pre-tax basis.
The employee’s income that is subject to income tax(es) is reduced.
Explanation:
Health care premiums are deducted on a pre-tax basis, reducing the amount that both employees and employers must pay on federal income taxes, state taxes and FICA taxes.
Since your health premiums reduce your total taxes, they real amount you pay for them is reduced. Similar logic to interests paid by a company that reduce corporate taxes.
Explanation:
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Answer:
Net operating income= 125,000
Explanation:
<u>First, we need to calculate the total variable cost:</u>
Total variable cost= 55,000*(4 + 1)=
<u>Variable costing income statement:</u>
Sales= 55,000*10= 550,000
Total variable cost= (275,000)
Total contribution margin= 275,000
Annual fixed manufacturing overhead= (120,000)
Fixed selling and administrative costs= (30,000)
Net operating income= 125,000
