The correct answer is true
Answer:
B. The U.S. federal government places a tax on all tires imported to the United States
Explanation:
A tariff's definition is "a tax or duty to be paid on a particular class of imports or exports" which fits question B perfectly.
Answer:
Eliza can deduct <u>$250</u> for AGI and <u>$0</u> from AGI.
Explanation:
Due to the Tax Cuts and Jobs Act, a teacher can only deduct classroom expenses up to $250.
The $250 are above the line deductions that lower your adjusted gross income (AGI), while the $0 represents below the line deductions made once your total AGI has been calculated.
Answer:
The answer is D. have already been reinvested in the firm
Explanation:
Retained Earning is that part of income or profit that was not distributed out as dividend.
It is retained to grow the business or make the business bigger. It is part of shareholder's equity.
Option A is wrong. It doesn't increase with operating income. It depends on dividend policy and the net profit
