Solution :
a). In the context, Jim received $ 275 for the car repairing services form some member from the club. In this exchange of the services, an income is been received in amount of a value of the services received ( the gross income includes receipt of the services and also the money and goods). Therefore, Jim is being taxed on an amount of $275 for the car repair services.
b). The issue in this case is whether a "credit" represents the valuable right. As the right can be redeemed for the that is property worth of $150, then under the constructive receipt, Jim must recognize an income of $150.
c). Jim received an credit of $450 to be applied for the next year. If the credit can be redeemed or used for any future services, the taxpayer then can argue that the realization has not yet occurred. But, it has be included in Jim's gross income for the next year when his credit amount becomes the valuable right.
Answer:
I don't know the first one but will do the rest I know.
Explanation:
2. The digestive system is responsible for taking the whole foods and turning them into energy and nutrients to allow the body function, grow and repair it self.
3. the secretary system in humans consist mainly of the kidney and bladder. the kidney is involved.
4. dissection is the act of dismembering of the body of a deceased animal or plant to study it's anatomical structure. and it is important in science cause it allows student see, touch, and explore the various organs.
5. blood cell. their main job or major job is to carry oxygen from the lungs to the body tissues and carbon dioxide as a waste product. and they are important because they transport oxygen to the body's tissue on exchange for carbon dioxide.
I don't know the last one maybe someone else can answer.
Answer:
- 1800
- 500
- Spending multiplier =5 , Tax multiplier =4
- new GDP =2000 , Increase GDP level = 11.11%
- new GDP =1800 , Increase in GDP level = 0%
Explanation:
- Equilibrium GDP = C+I+G+net export
C = private consumption
I = investment
G = government consumption
Net export = export - import
800+400+500+100 = 1800
- Saving at GDP = (GDP-T-C) +(T-G)
(1800-400-800)+(400-500) = 500
- SPENDING MULTIPLIER = 1 / 1 - MPC
= 1 / 1 - 0.8 = 5
TAX MULTIPLIER = MPC / 1 - MPC
= 0.8/1-0.8
=0.8 / 0.20 = 4
- New equilibrium GDP = GDP + 200 = 2000
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
(2000-1800) / 1800 = 11.11%
- New Equilibrium GDP = C + I+ G + Net export
(800-200) +400 +(500+200) +100 = 1800
Increase in GDP level = (NEW GDP - OLD GDP / OLD GDP) *100
There is no change in GDP.
Answer:
Betty's AGI $33,558
Explanation:
Betty's AGI:
Revenue from salon $88,560
Salaries paid to beauticians ($46,440)
Nail salon supplies ($23,620)
Salon's operating income $18,500
+
Interest income $14,665
+
Rental revenue from apartment building $35,180
Depreciation on apartment building ($14,400)
Real estate taxes paid on apartment building ($11,980)
Rental income $8,800
-
Alimony paid to her husband $7,100
-
Self-employment tax on salon income $1,307
=
Betty's AGI $33,558
Real estate taxes paid on Betty's house and charitable contributions are itemized deductions (below the line deductions).
The benefits and advantages of members when joining organizations like UNWTO, PATA, or ASIANTA include:
- Economic growth: It should be noted that UNWTO is vital for the growth and the development of a country as it helps in the development of its tourism sector.
- Environmental sustainability: The organizations are vital in helping their members engage in practices that'll help in the protection of their environment.
- Tourism: The agencies are responsible for promoting acceptable and accessible tourism.
In conclusion, United Nations World Tourism Organization (UNWTO) is important in promoting tourism in a country.
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