Answer: level of national income expands by $100 million
Explanation: The level of National income expands by $100 million. National income which can also be termed GDP(gross domestic product) is the measure of measure of economic production in a country over a specific time.
Increase in GDP is caused by a whole number of factors some of which includes;
*Increase in productivity
*Increase in investment
*Government spending etc.
All the listed above are examples of what the Government has done with the acquired $100 million in tax.
A trade surplus is C) the result of exporting more goods than it imports
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Answer:
The correct answer is letter "B": The standard mileage rate method.
Explanation:
Vehicle expense deductions are offered on Schedule C for self-employed taxpayers. If the vehicle expenses are itemized and are not part of a regular loan, part of the lease payment can be considered as a business expense. This is provided thanks to the standard mileage rate deduction. Parking and tolls can also be subject to deduction.
Answer:
$109,000
Explanation:
The accounting equation for the cost of goods sold
COGS = opening finished good + purchases - Closing finished goods
In a manufacturing firm, purchases are also referred to as manufacturing costs.
For Leslie manufacturing:
beginning finished inventory =$40,000
costs of goods manufactured = $ 144,000
Ending finished inventory = $ 45,000
cost of manufacturing for the period:
=$40,000 +$114,000- $45,000
=$109,000