Grasping, strategies for problem-solving, driving a car, and balancing a budget are all examples of Schemas.
<h3>What is Schemas?</h3>
A schema is defined as a pattern of contented or behavior that handles informational categories and the relations between them, according to psychology and cognitive science.
Schemas can be seen in the act of grasping, problem-solving techniques, operating a vehicle, and budgeting.
Therefore, the given events are the examples of Schemas.
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<u>Answer:
</u>
The following are the values with their correct matches
Pays medical bills - Liability coverage.
Pays damages to your car - Collision coverage.
Pays damages to the other car - Pays 0% damages to the other car.
<u>Explanation:
</u>
- Medical expenses are termed as a liability coverage because they certainly cannot be ignored as one cannot choose to risk his health.
- The payment done for the repairing of a car damaged due to collision is termed as collision coverage.
- One would choose to not spend on the repairing of the other car when one car is in good condition.
The most helpful way to cut back on food expenses are:
- Make a Family Budget Together.
- Trim the Family's Grocery Bill.
<h3>How can budgeting help to to cut back on
food expenses?</h3>
Budgeting can be regarded as the process of creating a plan on how the money will be spent.
This spending plan which is known as budget helps ion the Creation of spending plan which will help to determine in advance how the money will be saved , hence most helpful way to cut back on food expenses is to make a Family Budget Together.
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Answer: A. In a partnership, income is taxed once at the individual level; whereas, in a corporation, income is taxed twice.
Explanation: Hi, a corporation is considered a legal entity for tax purposes, so it pays taxes based on the corporate tax rate for their income. But also the shareholders pay taxes based on the individual tax rate for the dividends payments received. There is a double taxation .
A partnership is a collection of individuals that come together, the partners are personally liable for the business’s obligations. So, each partner pays taxes based on the individual tax rate for the incomes.
Answer:
The amount of taxes that Tim can deduct as an itemized deduction is $7,340
Explanation:
The computation of the itemized deduction is shown below:
= State income tax for the previous year + state income tax from his salary + estimated payments of state income tax
= $1,100 + $5,050 + $1,190
= $7,340
The other item values which are mentioned in the question are not considered and not affect the deductions for current year So, we do not take in the computation part. Hence, ignored it
