Answer: B - $7,150
Explanation: Standard taxation is an option by IRS to reduce an inidvidual taxable income. this is subject to an individuals filling status.
Phil who is aged 20, single and who can claim a dependent on his parents tax filling return. As of 2019, his standard tax deduction is limited to his earned income plus $350.
According to the above question, Phil earns $7,000 as wages plus $150 in interest income.
From the above information, Phil has a standard tax of $7,150.
A. Lowering the interest on reserve rate.
Expansionary monetary policy increases money supply by lowering interest rates
A process for two or more people coming together to operate an investment, such as partnerships or corporations, is Franchise.
<h3>What is franchise?</h3>
Franchise is a type of business that is owned and operated by an individual (franchisee) but that is branded and overseen by a much larger entity.
Advantages of owing a franchise are :
- A franchise owner gets valuable help throughout the lifespan of the business.
- Owning a franchise comes with a low rate of failure.
Therefore, franchise is a process whereby two or more people come together to operate an investment, such as partnerships or corporations.
Learn more about franchise here: brainly.com/question/3687222
<span>Hello,
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Subsidy means allowance, funding, or donation.
Apart from the definition, I believe your answer would be:
<span>It keeps the price of domestic goods relatively low,
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