The answer is: [A]: "True" .
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Answer:
The FROM AGI deductions for year 2019 are $24,400.
Explanation:
FROM AGI deduction for a year are the maximum of the following two items
- itemized deductions
- standardized deductions
Here itemized deduction is given as $22,550 where as value of standardized deduction is $24,400 (for 2019)
Thus as the maximum of two is valid thus the FROM AGI deductions for year 2019 are $24,400.
Answer:
Suppose the government decides to increase taxes by $40 billion in order to increase Social Security benefits by the same amount. If the MPC is 0.9, will aggregate demand increase, decrease or remain unchanged at current prices with this combined tax transfer policy? No change Increase in AD O Decrease in AD
The best answer choice is D.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Special one-time order for 15,000 bird feeders at $3 per unit.
Variable cost= $2.25
<u>Because it is a special offer and there is unused capacity, we will not have into account the fixed costs.</u>
Effect on income= 15,000*(3 - 2.25)= $11,250 increase.
