Banks provide loans from people's savings to business firms which is used to expand the production by establishing new factories. This results to faster productivity growth since an increase in production capacities causes a corresponding increase in per capita production. Increased productivity is enjoyed by workers, entrepreneurs and all households. Therefore, the society does not get a free handout because when people are saving money there is a trade off which is an economic advantage to the society. Saving for the future by people in a a given community or society helps the economy and improves productivity.
Answer:
$300
Explanation:
California tax law continue to allow miscellaneous itemized deductions subject to 2% of Federal AGI
Tax preparation fees $1,000
Less: AGI limit of 2% <u>$700 </u>(35,000*2%)
Deduction on his/her California <u>$300</u>
income tax return
The answer would be D (expenses) when it comes to taxes.
Answer:
Option C, Double taxation on profits and individuals
Explanation:
The disadvantages of the corporation form of ownership are as follows -
a) It takes lot of time and hence is time consuming
b) The taxation gets double
c) Also, the formalities/protocols are very tough
Hence, the option C is correct
There is not enough information to determine which firm to buy.
Answer: Option C
<u>Explanation:</u>
In the question above, only the profit margin of both the firms are given, but only on these basis, it cannot be decided which firm to be bought. A lot of other things are to be kept in mind while taking into consideration the decision of buying a fir.
Even if both the firms are working in the equilibrium condition which is the condition of MR = MC, then also it can not be decided, which one firm to buy.
