$2,000 is her alternative minimum tax liability for the year. Because Harmony's tentative minimum tax exceeds her regular tax, the $2,000 difference is her alternative minimum tax liability for the year.
<h3>
What is Tax Liability?</h3>
- The amount that a person, company, or other entity owes to a federal, state, or local tax authority is known as their tax liability.
- The selling of an investment or other item that generates income generally results in the creation of a tax burden. When purchasing items, one may be required to pay a municipal or state sales tax. (Although several nations do, the United States does not impose a national sales tax.)
- If a person's overall tax debt was nil or if their income was too low to necessitate filing tax returns, they might not have any income tax burden.
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Answer:
$3200 favorable
Explanation:
We have given range of number of production = 40000 units
So average of number of units 
Variable cost = $2 per unit
So total variable cost = 40000×$2 = $80000
Fixed overhead = $72000
Budgeted overhead for actual production = Variable overhead +Fixed overhead = $80000+$72000 = $152000
Actual total overhead cost = $148,800
Total overhead controllable cost variance = Budgeted overhead - Actual overhead
= $152,000 - $148,800 = $3,200 favorable.
Answer:
D. Tasha: "If coffee drinkers expect the price of coffee to rise next month, then current demand will go up and lead to a price increase this month."
This is the only one with incorrect economic analysis
Explanation:
A. is correct because a shortage of supply would drop the price as we can see in the Graph 1 with the supply curve.
B. is correct because if the two goods are substitues then a lower price for caffeinated soft drinks like Mountain Dew would cause the consumer demand for coffe to go down because the consumers would prefer the good with lower price, rising the demand for Mountain dow in detriment of coffe.
C. is correct as we can see in the Graph 1, the increse in the demand would generate a higher price but it would make the demand go back to D1
D. is incorrect because if coffee drinkers consume more coffee this monht the price would lower.
I believe the answer is <span>. Decoy appliances/vehicles
The majority of this fraud is targeted the people who do not really pay attention to the specs of the product they use.
For example, many repairment targets older people by giving them advice to fix parts of their computer that's working fine.</span>