Answer:
B, $7,500
Explanation:
Deductible tax or tax deduction is the reduction or deduction that reduces an individuals tax liabilties by lowering his/her taxable income.
Deductible tax from charity contributions is up to 50% of the contributed amount for income tax purposes.
In the case of Terrence's contribution in the question, there is a clause that says to ignore income limitations.
We therfore take 50% of $15,000 which gives us $7,500 as the amount that is deductible from the contribution.
i.e; (50÷100) × $15.000
Cheers.
Answer:
a) -4
b) -12 billion
Explanation:
Question 1) Calculate the Tax Multiplier
FIrst, we know that the Marginal Propensity to Consume = 0.8
Based on this, the formula is as follows:
Multipier = -Marginal Propensity to Consume/ (1-Marginal Propensity to Consume)
Multiplier = -0.8/ (1-0.8) = -0.8/ 0.2 = -4
The Tax Multiplier = -4
Question 2) The resulting change in the equilibrium quantity of real GDP demanded
Change in Demand = Change in Tax x The Tax Multiplier
Change in Demand = $3 billion x -4
= -12
This means that the equilibrium quantity of the real GDP is -12 billion
Captain Edward J. Smith, Commodore White Star Line.
Mr. Fredrick Fleet (lookout).
Crewmen- (saved)
Mr Walter J Williams, Mr Jacob W Gibbons, Mr James F Avery.
Answer:
<u>Morally wrong</u>
Explanation:
From a utilitarian perspective the action of the body guard would be tagged as morally wrong, because it is of the view of the utilitarian that an action should be for the greater good of people irrespective of whether that action is a bad action.
Thus, since the target was the politician, he would have allowed the assassin take the life of the one man - the politician so as to avoid fifteen people been killed, and four wounded.
They should reinforce the desired change in the employees.
The brainest answer would be appreciated.
