Answer:
D) Both A. and B. are true.
- A) The schedule provides no information as to whether Jurisdiction M's tax is horizontally equitable.
- B) Jurisdiction M's tax is vertically equitable.
Explanation:
When we are talking about horizontal equity of a tax, we are talking about how the tax base is measured and the ability that taxpayers have to pay the tax. There is nothing here about tax base or taxpayers' ability to pay.
On the other hand, vertical equity deals with the tax rate structure. In this case, the tax rate is progressive, meaning that it increases as the taxpayers' income increases. Progressive taxes are vertically equitable.
Answer:
$ 6,600
Explanation:
Monty should 
e up to 
in the gross account but to an extent of the tax benefit in the previous year. Since the debt is a non-business debt, the amount of 
would be reported as the short term business capital loss.
In the previous year, Monty had a capital gain of 
and 
as taxable income.
Therefore, $ 3,600 + $ 3,000 = $ 6,600
So $ 6,600 out of $ 9,000 loss produced the tax benefit. Therefore, only 
can be included in the gross income of Monty for this year.
The lifestyle, which has enabled people to select products and services to meet their different needs without the traditional conformity to stereotypes, is<em> known as </em><em>component lifestyle</em>.
- Consumers' free choices are not based on military lifestyle, which is restricted to the military personnel.
- Free choice is not a factor of career lifestyle, which has more to do with the availability of resources.
- Consumers' free choices are not a result of fad lifestyle, which refers to the general conformity of the population to a particular style.
Thus, the only lifestyle, which has enabled people to select products and services to meet their specific needs and interests, is component lifestyle.
Read more about lifestyles at brainly.com/question/12065546
