Answer:
You would have to cut down on some luxuries, like lots of foods, amusement parks, shopping trips, etc. If you have have extra hours, work more hours, quite possibly take another job.
Explanation:
Answer:
$0
Explanation:
The deductions made as seen were in the year 2019.
If Derek elects to take standard deduction in filling federal income tax return, the amount of refund will not be taxable and not to be included in 2020 gross income
Hence, no tax benefit rule applies as the standard deduction was taken in 2019.
Amount of refund that will be included in 2020 gross income is thus $0
Answer:
A. applies economic theory to understand real-world events.
Explanation:
An economic model is a simplified version of reality that allows us to understand and predict economic phenomena.
characteristics of economic models are ;
They capture the fcomplexity of a phenomenon
They are able to make powerful predictions they are simple to understand
An example of an economic model is the production possibility frontier (PPF) . The PPF is a curve that shows the two combinations of goods that can be produced given the resources of an economy
Answer:
New target price is $ 180.
Explanation:
This question requires us to calculate the new target price. The detail calculation is given below.
Current price = Full cost + target income
Current price = $ 200 + $ 40
Current price = $ 240-A
New Price = A * (75%)
New price = $ 180
(new price is 75% of current price)
