Answer:
C) None of the $5,000 should be included in gross income.
Explanation:
During 2016, Sarah's itemized deductions (other than the stolen silverware) were only $2,000. If Sarah wanted to deduct the stolen silverware, she could have taken a casualty loss = $6,000 - $100 - $3,000 = $2,900. Her total itemized deductions would equal $2,000 + $2,900 = $4,900.
But during that year, Sarah should have opted for a standard deduction of $6,300 which is higher than her itemized deductions. That means that Sarah didn't claim any deduction for her silverware, so any money received from the insurance company should not be included in her gross income.
I think it might be C, but i'm not sure
Answer:
True
Explanation:
The above statement is true as the distracted driving is act of driving along with engaging into certain other activities which leads to the driver's lesser concentration and attention towards the the road and driving.
Since good teens are not supposed to make the poor choices while driving and engage into activities like using phone, texting or reading maps or messages etc.
Answer: (A)
Efficiency deals with the size of the economic pie, and equality deals with how fairly the pie is sliced.
Explanation:
According to Gregory Mankiw, resources are scarce and therefore every society must use its scarce resources to derive as much benefits as it can. It is this derived benefits he calls the "economic pie"
The more efficient a society is, the more the benefits (or the larger the economic pie) it can derive from its resources.
According to Mankiw, equality means fairness in distributing the benefits (or slicing the pie) among the people in that society.
