answer A are required to form a partnership by federal law
Answer:
D) Todd should include the $500 in 2020 gross income in accordance with the tax benefit rule.
Explanation:
Since Todd is a cash basis taxpayer, he included the $1,500 insurance premium in his 2019 tax return. Cash basis taxpayer report revenues or expenses when the cash is received or paid, not when the service is provided.
Since he received a $500 refund in 2020, he should include it in his 2020 tax return. As a cash basis taxpayer, any money received is considered income.
Answer:
The correct Answer is "Estimation"
Explanation:
By utilizing the probability that the certain amount of workers will deal with advantage plan administrator working under the state of estimation. In which he use probability that specific measure of individuals will participate in that specific arrangement and expect interest rate of workers.
The correct answer to this open question is the following.
Although there are no options attached we can say the following.
An oligopoly can cause market failure because companies that form the oligopoly do not allow other companies to enter and compete in the market. This action limits consumers to choose from a variety of options, including quality, the best price, and service.
Often, oligopoly associates the strongest or more powerful companies in order to wipe out other minor competitors. They want to establish a dominant presence that affects prices and consumers participation.
Oligopoly practices result in inefficiency and instability in the market. That is why oligopolies are not good for the economy.
The automobile industry is mostly associated with an oligopoly.
When a market is controlled by just a few numbers of companies, but none of them is above the others, we are talking about an oligopoly. They can collude intentionally or not, to establish prizes and to not let other companies compete with them.
Answer:
The answer is: B) sacrifice consumption goods and services now in order to enjoy more consumption in the future.
Explanation:
This is the basic concept of savings in economics. In order to accumulate capital, you must have savings.
Saving is the income that wasn´t spent. Sometimes savings is also referred to as deferred consumption. What you don´t buy (or consume) today, you will be able to buy tomorrow.
For example, you have $100 for lunch money for the week. If you spend all of it on Monday and Tuesday, you can not buy any more lunch the rest of the week. But if instead you only spent $80 during this week, then next week you will be able to buy more things.
