Answer:
Imports is 50.
Current account balance is -30.
Total savings is 30.
After tax reduction total savings is 10.
Explanation:
GNP is given as 100.
The consumption expenditure is 70.
The investment expenditure is 40.
The government spending is 20.
The exports are given as 20.
GNP = C + I + G + EX - IM
100 = 70 + 40 + 20 + 20 - IM
100 = 150 - IM
IM = 50
The current account balance is the difference between exports and imports.
Current account balance
= EX - IM
= 20 - 50
= -30
Total savings in the economy is the difference between disposable income and consumption.
Total savings
= Y - C
= 100 - 70
= 30
In case government reduces taxes, the private saving will increase while the public saving will decrease.
Private saving
= Y - T - C
= 100 - 10 - 70
=20
Public saving
= T - G
= 10-20
= -10
Total saving
= Private saving + Public saving
= 20 + (-10)
= 20 - 10
= 10
Answer:
Given that,
Taxable income = $75,000
Interest from an investment = $10,000
Using the U.S tax rate schedule in 2017
(a) Federal tax will he owe = $5,226.25 + 25% × ($75,000 - $37,950)
= $5,226.25 + $9262.5
= $14,488.75
(b) 
= 19.32%.
(c)
= 17.05%
(d) Chuck is currently in the 25 percent tax rate bracket.
His marginal tax rate on increases in income up to $16,900 and deductions from income up to $37,050 is 25 percent.
Motown records was created by Berry Gordy Jr. who is an American record executive, record producer, song writer, film producer and television producer. The Motown record company played a very important role in the racial integration of popular music as an African-American owned label that got crossover success. Motown was the most successful record label of soul music. Motown producers believed "resolutely" in KISS principle (keep it simple stupid) and they used Pop production techniques such as the use of orchestral string sections, charted horn sections, and carefully arranged support vocals. Complex arrangements and melismatic vocal riffs were avoided.
Ok i will subscribe too!!
Answer:
a.
Dr. Cash 15000
Dr. Law Library (Asset) 6000
Cr. Mary (Capital Account) 21000
b.
Dr. Office equipment 7500
Cr. Account Payable 7500
c.
Dr. Cash 1500
Cr. Income / Revenue 1500
d.
Dr. Account Payable 3500
Cr. Cash 3500
e.
Dr. Account Receivable 4000
Cr. Income / Revenue 4000
f.
Dr. Marry (Capital Account) 2000
Cr. Cash 2000
g.
Dr. Cash 2500
Cr. Account Receivable (e) 2500
h.
Dr. Salary Expense 2500
Cr. Cash 2500
Explanation:
*Trial Balance and T accounts are made in an MS Excel file which is attached please find.
